Common use of Florida Real Property Clause in Contracts

Florida Real Property. The parties hereto hereby acknowledge that the Revolving Loans are secured by real and personal property located both inside and outside the State of Florida and hereby agree that for purposes of calculating intangible taxes due under Section 199.133, Florida Statutes, the first amounts advanced under the Revolving Facility shall be deemed to be the portion allocable to the Collateral consisting of Real Property located in the State of Florida, and such portion allocable to such Collateral shall also be deemed to be the last to be repaid under the terms hereof. Nothing herein shall limit the Secured Parties' right to recover or realize from the Collateral located in the State of Florida amounts in excess of that allocated to the Revolving Loans or to apply amounts so recovered or realized against the Secured Obligations in such order as the Collateral Agent in its sole discretion shall determine.

Florida Real Property. The parties hereto hereby ---------------------- acknowledge that the Revolving Loans are secured by real and personal property located both inside and outside the State of Florida and hereby agree that for purposes of calculating intangible taxes due under Section 199.133, Florida Statutes, the first amounts advanced under the Revolving Facility shall be deemed to be the portion allocable to the Collateral consisting of Real Property located in the State of Florida, and such portion allocable to such Collateral shall also be deemed to be the last to be repaid under the terms hereof. Nothing herein shall limit the Secured Parties' right to recover or realize from the Collateral located in the State of Florida amounts in excess of that allocated to the Revolving Loans or to apply amounts so recovered or realized against the Secured Obligations in such order as the Collateral Agent in its sole discretion shall determine.

Florida Real Property. The parties hereto hereby acknowledge that the Revolving Loans are secured by real and personal property located both inside and outside the State of Florida and hereby agree that for purposes of calculating intangible taxes due under Section 199.133, Florida Statutes, the first amounts advanced under the Revolving Facility Credit Commitments shall be deemed to be the portion allocable to the Collateral consisting of Real Property located in the State of Florida, and such portion allocable to such Collateral shall also be deemed to be the last to be repaid under the terms hereof. Nothing herein shall limit the Secured Parties' right to recover or realize from the Collateral located in the State of Florida amounts in excess of that allocated to the Revolving Loans or to apply amounts so recovered or realized against the Secured Obligations in such order as the Collateral Agent in its sole discretion shall determine.