Common use of Company Real Estate Clause in Contracts

Company Real Estate. The Obligations shall be secured by security interests and liens on all real estate and improvements, including all fixtures, equipment, furnishings, systems, and related property located thereon (collectively, the "Real Estate") now owned or hereafter acquired and owned by the Company, including all proceeds thereof, pursuant to the Mortgage and pursuant to such other real estate mortgages or deeds of trust as FHI may require, all in form and substance satisfactory to FHI in all respects duly executed, acknowledged and delivered to the FHI in recordable form. The Company further covenants and agrees to provide to FHI for Real Estate acquired after the Closing Date at the Company's expense: (i) evidence satisfactory to the FHI (including at FHI’s request a loan policy of title insurance in favor of FHI) showing that such Real Estate is owned in fee simple by the Company free and clear of all liens, encumbrances and exceptions which are not acceptable to FHI; and (ii) a Phase I environmental assessment (and where reasonably deemed appropriate by FHI based upon information disclosed in such assessment, a Phase II environmental assessment) prepared in favor of FHI by a registered engineer or environmental consultant acceptable to FHI confirming there are no material environmental problems associated with such Real Estate.

Company Real Estate. The Obligations shall be secured by security interests and liens on all real estate and improvements, including all fixtures, equipment, furnishings, systems, and related property located thereon (collectively, the "Real Estate") now owned or hereafter acquired and owned by the Company, including all proceeds thereof, pursuant to the Mortgage and pursuant to such other real estate mortgages or deeds of trust as FHI the Bank may require, all in form and substance satisfactory to FHI the Bank in all respects duly duly' executed, . acknowledged and delivered to the FHI Bank in recordable form. The Company further covenants and agrees to provide to FHI the Bank for Real Estate acquired after the Closing Date at the Company's expense: (i) evidence satisfactory to the FHI Bank (including at FHI’s the Bank's request a loan policy of title insurance in favor of FHIthe Bank) showing that such Real Estate is owned in fee simple by the Company free and clear of all liens, encumbrances and exceptions which are not acceptable to FHIthe Bank; and (ii) a Phase I environmental assessment (and where reasonably deemed appropriate by FHI the Bank based upon information disclosed in such assessment, a Phase II LI environmental assessment) prepared in favor of FHI the Bank by a registered engineer or environmental consultant acceptable to FHI the Bank confirming there are no material environmental problems associated with such Real Estate.