Future Acquisitions of Real Property. Deliver to Agent concurrently with the (i) execution by Borrower of any contract relating to the purchase by Borrower of real property, an executed copy of such contract and (ii) closing of the purchase of such real property, (A) a first mortgage or deed of trust in favor of Agent on such real property, in form and substance satisfactory to Agent, (B) a lender's policy of title insurance, in such form and amount and containing such endorsements as shall be satisfactory to Agent, (C) an ALTA/ACSM survey of such real property and (D) such other documents and assurances with respect to such real property as Agent may require.
Future Acquisitions of Real Property. Deliver to Trustee a third mortgage or deed of trust in favor of Trustee on any real property acquired by the Issuer after the Issue Date, but only to the extent such mortgage or deed of trust is first required by the Senior Creditors, and is delivered to the Senior Creditors, to secure the Senior Notes.
Future Acquisitions of Real Property. Deliver to Lender executed copies of any contract relating to the purchase by any Obligor of real property, an executed copy of such contract and such other documents as Lender may reasonably request.
Future Acquisitions of Real Property. Deliver to Agent concurrently with the (i) execution by any Borrower of any contract relating to the purchase by such Borrower of real property, an executed copy of such contract and (ii) closing of the purchase of such real property,
(A) a first mortgage or deed of trust in favor of Agent on such real property, in form and content satisfactory to Agent, (B) a lender's policy of title insurance, in such form and amount and containing such endorsements as shall be reasonably satisfactory to Agent, (C) an ALTA/ACSM survey of such real property and (D) such other documents and assurances with respect to such real property as Agent may require.
Future Acquisitions of Real Property. In the event that the Borrower or any of its U.S. Subsidiaries shall acquire any real property after the date hereof having a value as determined in good faith by the Administrative Agent in excess of $3,000,000 in the aggregate, the Borrower or the applicable U.S. Subsidiary shall, promptly after such acquisition, execute a Mortgage (in form and substance reasonably satisfactory to the Administrative Agent) with respect to such newly acquired real property and provide the Administrative Agent with
(i) evidence of the completion (or satisfactory arrangements for the completion) of all recordings and filings of such Mortgage as may be necessary or, in the reasonable opinion of the Administrative Agent, desirable effectively to create a valid, perfected first priority Lien, subject to Liens permitted by Section 7.03, against the properties purported to be covered thereby;
(ii) mortgagee's title insurance policies in favor of the Administrative Agent and the Lenders in amounts and in form and substance and issued by insurers, reasonably satisfactory to the Administrative Agent, with respect to the property purported to be covered by such Mortgage, insuring that title to such property is marketable and that the interests created by such Mortgage constitute valid first Liens thereon free and clear of all defects and encumbrances other than as permitted under Section 7.03 or as approved by the Administrative Agent, and such policies shall also include, to the extent available, a revolving credit endorsement and such other endorsements as the Administrative Agent shall reasonably request and shall be accompanied by evidence of the payment in full of all premiums thereon; and
(iii) such other approvals, opinions, or documents as the Administrative Agent may reasonably request.
Future Acquisitions of Real Property. Deliver to Agent ------------------------------------ concurrently with the (i) execution by any Borrower of any contract relating to the purchase by such Borrower of any real property other than any real property which consists of Unencumbered Property, which is subject to any GE Indebtedness Lien or which becomes subject to any Additional Third Party Indebtedness Lien prior to March 31, 2003, an executed copy of such contract and an Environmental Phase I Report with respect to such real property and (ii) closing of the purchase of such real property, (A) a first mortgage or deed of trust in favor of Agent on such real property, in form and substance reasonably satisfactory to Agent, (B) a lender's policy of title insurance, in such form and amount and containing such endorsements as shall be satisfactory to Agent, (C) an ALTA/ACSM survey of such real property, (D) an Environmental Phase I Report with respect to such real property and (E) such other documents and assurances with respect to such real property as Agent may require."
4.17 Section 6.17. Section 6.17 of the Loan Agreement is deleted in ------------ its entirety and the following is substituted therefor:
Future Acquisitions of Real Property. Deliver to Agent concurrently ------------------------------------ with the (i) execution by any Borrower of any contract relating to the purchase by such Borrower of any real property other than any real property which consists of Unencumbered Property or which is subject to any GE Indebtedness Lien, an executed copy of such contract and an Environmental Phase I Report with respect to such real property and (ii) closing of the purchase of such real property, (A) a first mortgage or deed of trust in favor of Agent on such real property, in form and substance reasonably satisfactory to Agent, (B) a lender's policy of title insurance, in such form and amount and containing such endorsements as shall be satisfactory to Agent, (C) an ALTA/ACSM survey of such real property, (D) an Environmental Phase I Report with respect to such real property and (E) such other documents and assurances with respect to such real property as Agent may require.
Future Acquisitions of Real Property. Borrower, concurrently with ------------------------------------ the (a) execution by Borrower of any contract relating to the purchase by Borrower of real property, shall deliver to Lender notice of the execution of such contract, together with a conformed copy of such contract and (b) closing of the purchase of such real property, deliver to Lender, in form and content satisfactory to Lender (i) a first mortgage or deed of trust in favor of Lender on such real property, (ii) a lender's policy of title insurance on such real property, which policy of title insurance shall be in an amount and contain such endorsements as may be required by Lender, and (iii) such other documents and assurances with respect to such real property as Lender may require.
Future Acquisitions of Real Property. Borrower, concurrently with the ------------------------------------ (a) execution by Borrower or Company of any contract relating to the purchase by Borrower or Company of Real Property, shall deliver or cause Company to deliver to Lender notice of the execution of such contract, together with a conformed copy of such contract and (b) closing of the purchase of such real property, deliver to Lender or cause Company to deliver to Lender, in form and content satisfactory to Lender (i) a first mortgage or deed of trust in favor of Lender on such Real Property, (ii) a lender's policy of title insurance on such Real Property, which policy of title insurance shall be in an amount and contain such endorsements as may be required by Lender, and (iii) such other documents and assurances with respect to such Real Property as Lender may require.
Future Acquisitions of Real Property. Except if delivered pursuant to Article IV, deliver to Agent concurrently with the (i) execution by CBC of any contract relating to the purchase by CBC of real property, an executed copy of such contract and (ii) closing of the purchase of such real property, (A) a first mortgage or deed of trust in favor of Agent on such real property, in form and content reasonably satisfactory to Agent, (B) a lender's policy of title insurance, in such form and amount and containing such endorsements as shall be reasonably satisfactory to Agent, and (C) such other documents and assurances with respect to such real property as Agent may reasonably require.
