COURSE TITLE GE COURSE TITLE CHEM 115H Intro Gen Chem: Allied H (Hon) transfers as GE CHEM 101 Chemistry and Society CHEM 116 Intro Org & Bio Chem: AH Maj transfers as GE GE Natural Sciences CHEM 150 Gen Chem I: Science Majors transfers as GE CHEM 151 General Chemistry I CHEM 150H Gen Chem I: Science Maj (Hon) transfers as GE CHEM 151 General Chemistry I CHEM 151 Gen Chem II: Science Majors transfers as CHEM 152 General Chemistry II CHEM 151H Gen Chem II: Science Maj (Hon) transfers as CHEM 152 General Chemistry II CHEM 210 Organic Chem I transfers as CHEM 251 CHEM 261 Organic Chemistry: Theory I Organic Chemistry - Lab CHEM 211 Organic Chem II transfers as CHEM 252 CHEM 262 Organic Chemistry: Theory II Organic Chemistry - Lab CHLD 113 Child & Adol Growth & Dev transfers as GE PSYC 345 Psyc of Child & Adolescent Dev CHLD 121 Human Development transfers as GE PSYC 290 Human Growth and Development CHNS 101 Elementary Chinese (First Sem) transfers as XX XXXX 101 Elementary Chinese I CHNS 102 Elementary Chinese (Second Sem transfers as XX XXXX 102 Elementary Chinese II CIS 100 Computer Applications transfers as BUSI 240 Intro to Info Sys & Busi App CIS 101 Fund Comp Info Systems transfers as BUSI 240 Intro to Info Sys & Busi App COMM 101 Public Speaking transfers as GE COMM 111 Public Communication COMM 220 Intro to Mass Communication transfers as COMM 200 Intro to Mass Communication COUN 110 Coll Success Skills transfers as GE GE 100 First-Year Seminar CS 112 Intro to Comp Science II: Java transfers as CS 125 ENGR 125 Intro to Computer Science II Intro to Computer Science II CSIT 120 Fundamentals of Computer Infor transfers as BUSI 240 Intro to Info Sys & Busi App DRAM 105 Intro to Theatre transfers as GE THTR 115 Introduction to Theater DRAM 130 Acting I transfers as THTR 113 Acting Fundamentals ECON 101 Princ of Economics: Macro transfers as GE ECON 250 Principles of Macroeconomics ECON 102 Princ of Economics: Micro transfers as ECON 251 Principles of Microeconomics ENGL 100 Composition and Reading transfers as GE WRIT 110 Writing 1 ENGL 201 Crit Think/Comp/Lit transfers as GE ENGL 111 Studies in Literature FILM 110 Film History transfers as GE CINE 285 History of Film FREN 101 Elementary French (First Sem) transfers as GE FREN 101 Elementary French I FREN 102 Elementary French (Second Sem) transfers as GE FREN 102 Elementary French II FREN 201 Intermediate French (Third Sem transfers as FREN 201 Intermediate French I FREN 202 Intermediate French (Fourth Se transfers as FREN 202 Intermediate French II GEOG 101 GEOG 101L Physical Geography Physical Geography Lab transfers as GE GE GE Natural Sciences GE Natural Sciences Laboratory GEOG 104 World Geography transfers as HIST 210 World Geography GEOL 101 GEOL 101L General Geology General Geology Lab transfers as GE PHYC 130 Earth Science XXXX 101 Intro to Aging transfers as PSYC 355 Psych of Adult Development GRMN 101 Elementary German (First Sem) transfers as GE GERM 101 Elementary German I GRMN 102 Elementary German (Second Sem) transfers as GE GERM 102 Elementary German II GRMN 201 Intermediate German (Third Sem transfers as GERM 201 Intermediate German I GRMN 202 Intermediate German transfers as GERM 202 Intermediate German II HEAL 100 Nutrition Today transfers as UNRS 120 Fund. of Human Nutrition HEAL 101 Principles of Health transfers as GE PE 240 Health Education HEAL 101L Physical Fitness transfers as GE GE Fitness for Life HIST 100 World Hist to 1500 transfers as GE HIST 120 World Civilizations to 1648 HIST 101 World History since 1500 transfers as GE HIST 121 World Civilizations Since 1648 HIST 102 World History transfers as GE HIST 121 World Civilizations Since 1648 HIST 103 Western Civilization transfers as GE HIST 120 World Civilizations to 1648 HIST 104 Western Civilization transfers as GE HIST 121 World Civilizations Since 1648 HIST 108 History of Africa transfers as GE GE Humanities: History HIST 110 United States History to 1877 transfers as GE HIST 151 US History to 1877 HIST 111 United States Hist Since 1877 transfers as GE HIST 152 US History Since 1877 HIST 116 History of the Americas transfers as GE GE Humanities: History HIST 117 History of the Americas transfers as GE GE Humanities: History HIST 145 African-American transfers as GE GE Humanities: History HIST 146 African-American transfers as GE GE Humanities: History HUMN 101 Intro to the Arts transfers as GE GE Humanities: Fine Arts HUMN 201 Humanities of the West: Pre-Hi transfers as GE GE Humanities: History HUMN 202 Humanities of the West: Renais transfers as GE GE Humanities: History HUMN 205 Women in West Art and Lit transfers as GE GE Intercultural Competence HUMN 250 American Studies transfers as GE GE Humanities: History HUMN 251 American Studies transfers as GE GE Humanities: History ITAL 101 Elementary Italian (First Sem) transfers as GE GE Foreign Language 1st Qtr ITAL 102 Elementary Italian (Second Sem transfers as GE GE Foreign Language 2nd Qtr JAPN 101 Elem Japanese (First Sem) transfers as GE JAPA 101 Elementary Japanese I JAPN 102 Elem Japanese (Second Sem) transfers as GE JAPA 102 Elementary Japanese II JAPN 201 Intermediate Japanese (Third S transfers as GE GE Foreign Language 3rd Qtr JAPN 202 Intermediate Japanese (Fourth transfers as GE GE Foreign Language 4th Qtr KINE 101L Physical Fitness transfers as GE GE Fitness for Life KINE 111 Cardio Conditioning transfers as GE GE Fitness for Life KINE 112 Cardiorespiratory Stabilizatio transfers as GE GE Fitness for Life KINE 114 Cardiorespiratory Power Traini transfers as GE GE Fitness for Life KINE 117 Basketball Competition transfers as GE GE Fitness for Life KINE 118 Basketball Techniques transfers as GE GE Fitness for Life KINE 120 Golf, Beginning transfers as PE 102 Leisure Time Prep: Golf KINE 121 Golf, Intermediate transfers as PE 102 Leisure Time Prep: Golf KINE 136 Tennis, Beginning transfers as PE 104 Leisure Time Prep: Tennis KINE 137 Tennis, Intermediate transfers as PE 104 Leisure Time Prep: Tennis KINE 142 Weight Training transfers as GE FFL 116 Fit for Life: Weight Training KINE 150 Beginning Yoga transfers as GE GE Fitness for Life KINE 154 Intermediate Yoga transfers as GE GE Fitness for Life KINE 155 Advanced Yoga transfers as GE GE Fitness for Life KINE 171 Intercollegiate Basketball M/W transfers as GE GE Fitness for Life KINE 188 Intercollegiate Soccer M/W transfers as GE GE Fitness for Life KINE 236 Tennis, Advanced transfers as GE GE Fitness for Life LIT 120 Intro to Literature transfers as GE ENGL 111 Studies in Literature LIT 250 American Lit: First Contact Th transfers as GE GE Humanities: Literature LIT 251 American Lit: Mid-1800s to transfers as GE GE Humanities: Literature LIT 260 English Lit transfers as GE ENGL 222 English Literature to 1789 LIT 261 English Lit transfers as GE ENGL 232 English Literature Since 1789 LIT 270 World Literature to 1600 transfers as GE GE Humanities: Literature LIT 271 World Literature Since 1600 transfers as GE GE Humanities: Literature MATH 103 Statistics transfers as GE MATH 130 Introduction to Statistics MATH 105 Concepts & Structures of Elem transfers as MATH 201 Math Concepts for Elem Teacher MATH 115 Calculus W/Applications transfers as MATH 151 Applied Calculus I MATH 125 College Algebra transfers as GE MATH 110 College Algebra MATH 130 Trigonometry transfers as GE GE Quantitative Literacy MATH 135 Pre-Calculus Math transfers as MATH 150 Precalculus MATH 150 Calculus & Analytic Geo I transfers as MATH 165 Calculus I MATH 155 Calculus & Analytic Xxx XX transfers as MATH 166 MATH 167 Calculus II Sequences and Series MATH 226 Discrete Math transfers as MATH 280 Discrete Mathematics and Proof MATH 260 Calculus & Analytic Geo III transfers as MATH 268 MATH 269 Multivariable Calculus Vector Calculus MATH 265 Differential Equations transfers as GE GE Quantitative Literacy MATH 270 Linear Algebra transfers as GE GE Quantitative Literacy MUS 101 Music Theory I transfers as GE MUS 121 Music Theory I MUS 102 Theory II transfers as MUS 122 Music Theory II MUS 103 Musicianship transfers as MUS 133 Practical Musicianship I MUS 104 Inter. Musicianship transfers as MUS 134 Practical Musicianship II MUS 105 Music Fundamentals transfers as GE MUS 120 Music Fundamentals MUS 115 Intro to Music History transfers as GE GE Humanities: Fine Arts MUS 116 A Survey of World Music transfers as GE MUS 201 Introduction to World Music MUS 117 Music Appreciation transfers as GE GE Humanities: Fine Arts MUS 118 Music Appreciation transfers as GE GE Humanities: Fine Arts MUS 120 Beg Keyboard/Piano transfers as MUS 103 Beginning Piano Class MUS 121 Beg Keyboard/Piano II transfers as MUS 104 Elementary Piano Class MUS 130 Beginning Guitar transfers as MUS 110 Elementary Guitar Methods MUS 201 Adv Theory transfers as MUS 221 Music Theory III MUS 203 Adv Musicianship transfers as MUS 217 Practical Musicianship III MUS 220 Intermediate Keyboard/Piano I transfers as MUS 105 Intermediate Piano Class MUS 221 Interm Keyboard/Piano II transfers as MUS 106 Advanced - Intermediate Piano NUTR 100 Nutrition Today transfers as UNRS 120 Fund. of Human Nutrition OCEA 101 OCEA 101L Intro Oceanography Intro to Oceanography Lab transfers as GE GE GE Natural Sciences GE Natural Sciences Laboratory XXXX 101 Intro to Philosophy: Knowledge transfers as GE PHIL 100 Introduction to Philosophy PHSE 101L Physical Fitness transfers as GE GE Fitness for Life PHSE 111 Aerobics/Conditioning transfers as GE FFL 117 FFL: Cardio Strength Fusion PHSE 118 Basketball Techniques transfers as GE FFL 110 Fitness for Life:Basketball PHSE 120 Golf, Beg transfers as PE 102 Leisure Time Prep: Golf PHSE 121 Golf, Intermediate transfers as PE 102 Leisure Time Prep: Golf PHSE 136 Tennis, Beg transfers as PE 104 Leisure Time Prep: Tennis PHSE 137 Tennis, Intermediate transfers as PE 104 Leisure Time Prep: Tennis PHSE 140 Volleyball transfers as PE 103 Leisure Time Prep: Volleyball PHSE 141 Volleyball, Intermediate transfers as PE 103 Leisure Time Prep: Volleyball PHSE 142 Weight Training transfers as GE FFL 116 Fit for Life: Weight Training PHSE 150 Life Fitness transfers as GE GE Fitness for Life PHSE 171 Intercoll Basketball transfers as GE GE Fitness for Life PHSE 188 Intercollegiate Soccer, Women transfers as GE GE Fitness for Life PHYS 111 Intro Physics I transfers as GE PHYC 151 Physics for Life Sciences I PHYS 112 Intro Physics II transfers as PHYC 152 Physics for Life Sciences II PHYS 151 Prin of Physics I transfers as GE PHYC 161 Physics for Sci & Engineer I PHYS 152 Principles of Physics II transfers as PHYC 162 Physics for Sci & Engineer II PLSC 101 Introduction to Political Scie transfers as POLI 160 Introduction to Politics PLSC 102 American Institutions and Hist transfers as XX XXXX 150 American Government PLSC 103 Comparative Government transfers as GE GE Civic Know. & Engagement PLSC 150 Intro to International Relatio transfers as GE GE Civic Know. & Engagement PSYC 101 General Psychology transfers as GE PSYC 110 General Psychology PSYC 101H General Psychology Honors transfers as GE PSYC 110 General Psychology PSYC 103 Social Psychology transfers as PSYC 320 Social Psychology PSYC 104 Stats for Behavioral Science transfers as GE MATH 130 Introduction to Statistics PSYC 114 Abnormal Psych transfers as PSYC 360 Abnormal Psychology PSYC 121 Human Development transfers as GE PSYC 290 Human Growth and Development PSYC 145 Psych/Sociology of the Family transfers as PSYC 445 Psychology of the Family PSYC 205 Research Methods in Psychology transfers as GE PSYC 362 Research Methods in Psychology PSYC 211 Learning & Behavior Modificati transfers as PSYC 405 Psychology of Learning PSYC 260 Physiological Psych transfers as PSYC 292 Intro to Brain and Behavior SOC 101 Intro to Sociology transfers as GE SOC 120 Introduction to Sociology SOC 102 Social Problems transfers as SOC 225 Contemporary Social Problems SOC 103 Social Psychology transfers as PSYC 320 Social Psychology SOC 104 Statistics for Behavioral Scie transfers as GE MATH 130 Introduction to Statistics SOC 104H Stats for Behavioral Sciences transfers as GE MATH 130 Introduction to Statistics SOC 145 Sociology of the Family transfers as PSYC 445 Psychology of the Family SPAN 101 Elem Spanish First Semester transfers as GE SPAN 101 Elementary Spanish I SPAN 102 Elem Spanish Second Semester transfers as GE SPAN 102 Elementary Spanish II SPAN 201 Inter Spanish Third Semester transfers as SPAN 201 Intermediate Spanish I SPAN 202 Interm Spanish 4th Semester transfers as SPAN 202 Intermediate Spanish II
Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or JLL, which consent may be withheld in the Owner’s sole discretion.
Permitted Liens; Title Insurance Each Mortgaged Property securing a Mortgage Loan is covered by an American Land Title Association loan title insurance policy or a comparable form of loan title insurance policy approved for use in the applicable jurisdiction (or, if such policy is yet to be issued, by a pro forma policy, a preliminary title policy or a “marked up” commitment, in each case with escrow instructions and binding on the title insurer) (the “Title Policy”) in the original principal amount of such Mortgage Loan (or with respect to a Mortgage Loan secured by multiple properties, an amount equal to at least the allocated loan amount with respect to the Title Policy for each such property) after all advances of principal (including any advances held in escrow or reserves), that insures for the benefit of the owner of the indebtedness secured by the Mortgage, the first priority lien of the Mortgage (which lien secures the related Whole Loan, in the case of a Mortgage Loan that is part of a Whole Loan), which lien is subject only to (a) the lien of current real property taxes, water charges, sewer rents and assessments not yet due and payable; (b) covenants, conditions and restrictions, rights of way, easements and other matters of public record specifically identified in the Title Policy; (c) the exceptions (general and specific) and exclusions set forth in such Title Policy; (d) other matters to which like properties are commonly subject; (e) the rights of tenants (as tenants only) under leases (including subleases) pertaining to the related Mortgaged Property; (f) if the related Mortgage Loan constitutes a Crossed Underlying Loan, the lien of the Mortgage for another Mortgage Loan contained in the same Crossed Mortgage Loan Group, and (g) condominium declarations of record and identified in such Title Policy, provided that none of clauses (a) through (g), individually or in the aggregate, materially and adversely interferes with the value or principal use of the Mortgaged Property, the security intended to be provided by such Mortgage, or the current ability of the related Mortgaged Property to generate net cash flow sufficient to service the related Mortgage Loan or the Mortgagor’s ability to pay its obligations when they become due (collectively, the “Permitted Encumbrances”). For purposes of clause (a) of the immediately preceding sentence, any such taxes, assessments and other charges shall not be considered due and payable until the date on which interest and/or penalties would be payable thereon. Except as contemplated by clause (f) of the second preceding sentence none of the Permitted Encumbrances are mortgage liens that are senior to or coordinate and co-equal with the lien of the related Mortgage. Such Title Policy (or, if it has yet to be issued, the coverage to be provided thereby) is in full force and effect, all premiums thereon have been paid and no claims have been made by the Mortgage Loan Seller thereunder and no claims have been paid thereunder. Neither the Mortgage Loan Seller, nor to the Mortgage Loan Seller’s knowledge, any other holder of the Mortgage Loan, has done, by act or omission, anything that would materially impair the coverage under such Title Policy. Each Title Policy contains no exclusion for, or affirmatively insures (except for any Mortgaged Property located in a jurisdiction where such affirmative insurance is not available in which case such exclusion may exist), (a) that the Mortgaged Property shown on the survey is the same as the property legally described in the Mortgage and (b) to the extent that the Mortgaged Property consists of two or more adjoining parcels, such parcels are contiguous.
Title; Liens The Issuer has good, legal and marketable title to each of its respective assets, and none of such assets is subject to any Lien, except for Permitted Encumbrances and the Liens created or permitted pursuant to the Indenture.
After Acquired Real Property (i) Upon the acquisition by any Loan Party after the date hereof of any fee interest in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $1,000,000, promptly so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage and the other Real Property Deliverables. Upon receipt of such notice requesting a Mortgage, the Person that has acquired such New Facility shall promptly furnish to the Collateral Agent each of the applicable Real Property Deliverables, reasonably requested by the Collateral Agent. The Borrowers shall pay all fees and expenses, including reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(o).
(ii) Notwithstanding the foregoing, the Administrative Agent shall not enter into any Mortgage in respect of any improved real property acquired by any Loan Party after the Closing Date until (1) (a) if such improved real property is not located in a “special flood hazard area”, the date that is five (5) Business Days or (b) if such improved real property is located in a “special flood hazard area”, the date that occurs 14 days after the Administrative Agent has delivered to the Lenders (which may be delivered electronically) the following documents in respect of such real property: (i) a completed flood hazard determination from a third party vendor; (ii) if such real property is located in a “special flood hazard area”, (A) a notification to the applicable Loan Party of that fact and (if applicable) notification to the applicable Loan Party that flood insurance coverage is not available and (B) evidence of the receipt by the applicable Loan Party of such notice; and (iii) if such notice is required to be provided to the applicable Loan Party and flood insurance is available in the community in which such real property is located, evidence of required flood insurance.
Union Label Upon depletion of existing stocks, all uniforms and clothing issued by the Employer shall bear a recognized union label.
Title to Properties; Encumbrances The Company does not currently own, nor has it ever owned (a) any real property, (b) any leasehold interests or (c) any buildings, plants, structures and/or equipment. Part 3.6 of the Seller Parties Disclosure Schedule contains a complete and accurate list of all (A) the Assets that the Company purports to own, including all of the properties and assets reflected in the Balance Sheet (except for assets held under capitalized leases disclosed or not required to be disclosed in Part 3.6 of the Seller Parties Disclosure Schedule and personal property sold since the date of the Balance Sheet, as the case may be, in the Ordinary Course of Business), and (B) all of the properties and assets purchased or otherwise acquired by the Company since the date of the Balance Sheet (except for personal property acquired and sold since the date of the Balance Sheet in the Ordinary Course of Business and consistent with past practice), which subsequently purchased or acquired properties and assets (other than inventory and short-term investments) are listed in Part 3.6 of the Seller Parties Disclosure Schedule. The Company is the sole owner and has good and marketable title (or leasehold title, as the case may be) to the Assets free and clear of all Encumbrances, and the Assets reflected in the Balance Sheet are free and clear of all Encumbrances and are not, in the case of real property, subject to any rights of way, building use restrictions, exceptions, variances, reservations, or limitations of any nature except, with respect to all such properties and assets, (i) mortgages or security interests shown on the Balance Sheet as securing specified liabilities or obligations, with respect to which no default (or event that, with notice or lapse of time or both, would constitute a default) exists, (ii) mortgages or security interests incurred in connection with the purchase of property or assets after the date of the Balance Sheet (such mortgages and security interests being limited to the property or assets so acquired), with respect to which no default (or event that, with notice or lapse of time or both, would constitute a default) exists, (iii) liens for current taxes not yet due, and (iv) Encumbrances pursuant to the Pledge Agreement (as defined below) or the Facility Agreement and (v) Encumbrances incurred in the Ordinary Course of the Business, consistent with past practice, or created by the express provisions of the Contracts, each of the type identified on Part 3.6 of the Seller Parties Disclosure Schedule (together, the “Permitted Encumbrances”). All such assets are suitable for the uses to which they are being put or have been put in the Ordinary Course of Business and are in good working order, ordinary wear and tear excepted.
Priority of Liens; Title to Properties The security interests and liens granted to Agent under this Agreement and the other Financing Agreements constitute valid and perfected first priority liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 8.4 to the Information Certificate and the other liens permitted under Section 9.8 hereof. Each Borrower and Guarantor has good and marketable fee simple title to or valid leasehold interests in all of its Real Property and good, valid and merchantable title to all of its other properties and assets subject to no liens, mortgages, pledges, security interests, encumbrances or charges of any kind, except those granted to Agent and such others as are specifically listed on Schedule 8.4 to the Information Certificate or permitted under Section 9.8 hereof.
Additional Material Real Estate Assets (a) In the event that any Credit Party acquires a Material Real Estate Asset or a Real Estate Asset owned or leased on the Closing Date becomes a Material Real Estate Asset, in each case (other than with respect to a Foreign Credit Party), located in the United States, and such interest in such Material Real Estate Asset has not otherwise been made subject to the Lien of the Collateral Documents in favor of the Collateral Agent, for the benefit of Secured Parties, then such Credit Party shall promptly take all such actions and execute and deliver, or cause to be executed and delivered, all such mortgages, documents, instruments, agreements, opinions and certificates, including the items specified in Section 5.11(c), that the Requisite Lenders shall reasonably request to create in favor of the Collateral Agent, for the benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First Priority security interest in such Material Real Estate Assets.
(b) The Borrower shall, at the request of the Requisite Lenders, deliver, from time to time, to the Collateral Agent and the Lenders such appraisals as are required by law or regulation of Real Estate Assets with respect to which the Collateral Agent has been granted a Lien.
(c) In the case of any Material Real Estate Asset referred to in Section 5.11(a), the applicable Credit Party shall provide the Collateral Agent with Mortgages with respect to such Real Estate Asset (each, a “Mortgaged Property”), as the case may be, within sixty (60) days (or such longer period as shall be agreed by the Requisite Lenders) of the acquisition of such Real Estate Asset (or the date a Real Estate Asset owned or leased on the Closing Date becomes a Material Real Estate Asset) together with:
(i) evidence that counterparts of any such Mortgage has been duly executed, acknowledged and delivered and such Mortgage is in form suitable for filing or recording in all filing or recording offices that the Requisite Lenders may deem reasonably necessary or desirable in order to create a valid and subsisting perfected Lien on the property and/or rights described therein in favor of the Collateral Agent for the benefit of the Secured Parties and that all filing and recording taxes and fees that are due and payable have been paid or otherwise provided for in a manner reasonably satisfactory to the Requisite Lenders;
(ii) upon the reasonable request of the Administrative Agent (at the direction of the Requisite Lenders), an opinion of counsel (which counsel shall be reasonably satisfactory to the Requisite Lenders) in each state in which a Mortgaged Property is located with respect to the enforceability of the form(s) of Mortgages to be recorded in such state and such other matters as the Requisite Lenders may reasonably request, in each case in form and substance reasonably satisfactory to the Requisite Lenders;
(iii) mortgagee title insurance policies or unconditional commitments therefor issued by one or more title companies reasonably satisfactory to the Requisite Lenders with respect to each Mortgaged Property (each, a “Title Policy”), in amounts not less than the Fair Market Value of each Mortgaged Property, together with a title report issued by a title company with respect thereto and copies of all recorded documents listed as exceptions to title or otherwise referred to therein, each in form and substance reasonably satisfactory to the Requisite Lenders (it being understood that any exceptions listed in a Title Policy constituting Permitted Liens shall be satisfactory) and (B) evidence reasonably satisfactory to the Requisite Lenders that such Credit Party has paid to the title company or to the appropriate Governmental Authorities all expenses and premiums of the title company and all other sums required in connection with the issuance of each Title Policy and all recording and stamp taxes (including mortgage recording and intangible taxes) payable in connection with recording the Mortgages for each Mortgaged Property in the appropriate real estate records;
(iv) (A) a completed Flood Certificate with respect to each Mortgaged Property, which Flood Certificate shall (x) be addressed to the Collateral Agent and (y) otherwise comply in all material respects with the Flood Program; (B) if the Flood Certificate states that such Mortgaged Property is located in a Flood Zone, the Borrower’s written acknowledgment of receipt of written notification from the Collateral Agent (x) as to the existence of such Mortgaged Property and (y) as to whether the community in which each Mortgaged Property is located is participating in the Flood Program; and (C) if such Mortgaged Property is located in a Flood Zone and is located in a community that participates in the Flood Program, evidence that the Borrower has obtained a policy of flood insurance that is in compliance in all material respects with all applicable requirements of the Flood Program; and
(v) such surveys, abstracts, appraisals and other documents as the Requisite Lenders may reasonably request.
Permitted Exceptions The Property shall be conveyed subject to the matters which are, or are deemed to be, Permitted Exceptions pursuant to Article II hereof (herein referred to collectively as the “Permitted Exceptions”).
