Common use of Fee Owned Property Clause in Contracts

Fee Owned Property. The Borrower shall, within 60 days after the ------------------ acquisition by the Borrower or any of its Subsidiaries of any owned real property, provide or cause to be provided to the Administrative Agent on behalf of itself and the Lenders with a first and prior mortgage or deed of trust for each such property securing the Obligations in form and substance substantially similar to the previously filed mortgages/deeds of trust. The Borrower also agrees to provide (or to cause to be provided) all such documents and instruments required by the Administrative Agent to fully effect the foregoing, including, without limitation, providing the Administrative Agent with UCC-1's, new security agreements, mortgages, deeds of trust, appraisals, surveys, hazard insurance, UCC-11 searches, Tax and Lien searches, intellectual property documentation and registration and other similar types of documents, consents, authorizations, Licenses, instruments and agreements relating to all Property of the Borrower and its Subsidiaries as reasonably requested by the Administrative Agent from time to time.

Fee Owned Property. The Borrower shall, within 60 days after the ------------------ acquisition by the Borrower or any of its Subsidiaries of any owned real property, provide or cause to be provided to the Administrative Agent Lender on behalf of itself and the Lenders with a first and prior mortgage or deed of trust for each such property securing the Obligations in form and substance substantially similar to the previously filed mortgages/deeds of trust. The Borrower also agrees to provide (or to cause to be provided) all such documents and instruments required by the Administrative Agent Lender to fully effect the foregoing, including, without limitation, providing the Administrative Agent Lender with UCC-1UCC- 1's, new security agreements, mortgages, deeds of trust, appraisals, surveys, hazard insurance, UCC-11 searches, Tax and Lien searches, intellectual property documentation and registration and other similar types of documents, consents, authorizations, Licenses, instruments and agreements relating to all Property of the Borrower and its Subsidiaries as reasonably requested by the Administrative Agent Lender from time to time.