Common use of Leased Real Property Clause in Contracts

Leased Real Property. The Grantor covenants and agrees with the Agent that from and after the date of this Agreement and until termination of this Agreement pursuant to Section 25, that: (a) Promptly following, but not later than ninety (90) days after, the close of each fiscal year the Grantor will furnish to the Agent a report certified to be true and correct by the Grantor containing a list of each of the Grantor's leased premises; the name or names of all owners; rentals being paid; and whether the Grantor has obtained waivers of Liens and access agreements from landlords with respect to such premises in accordance with Section 6; and (b) The Grantor agrees that, after the occurrence and during the continuation of an Event of Default, the Agent may, but need not, make any payment or perform any act hereinbefore required of the Grantor with respect to the Grantor's leased premises in any form and manner deemed expedient. All money paid for any of the purposes herein authorized and all other moneys advanced by the Agent to protect the lien hereof shall be additional Guaranteed Obligations secured hereby and shall become immediately due and payable without notice and shall bear interest thereon at the default interest rate as provided in the Credit Agreement until paid to the Agent in full. (c) The Grantor agrees that it will not amend any lease in a manner that has a material adverse affect on the interests of the Holders of Guaranteed Obligations without the Agent's prior written consent.

Appears in 4 contracts

Samples: Guarantor Security Agreement (Ag-Chem Equipment Co Inc), Guarantor Security Agreement (Ag-Chem Equipment Co Inc), Guarantor Security Agreement (Ag-Chem Equipment Co Inc)

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Leased Real Property. The Grantor covenants and agrees with the Agent that from and after the date of this Agreement and until termination of this Agreement Agreement, including pursuant to Section 25, that: (a) Promptly following, but not later than ninety (90) days afterafter entering into any leases meeting the criteria set forth in Section 6(vi), the close of each fiscal year the Grantor will furnish to the Agent a report certified to be true and correct by the Grantor containing setting forth a list of each description of the Grantor's leased premisespremises related thereto; the name or names of all owners; rentals being paid; and whether the Grantor has obtained waivers of Liens and access agreements from landlords and mortgagees with respect to such premises in accordance with Section 6; and; (b) The Grantor agrees that, from and after the occurrence and during the continuation continuance of an Event of a Designated Default, the Agent may, but need not, make any payment or perform any act hereinbefore required of the Grantor with respect to the Grantor's leased premises in any form and manner deemed expedient. All money paid for any of the purposes herein authorized and all other moneys advanced by the Agent to protect the lien hereof shall be additional Guaranteed Secured Obligations secured hereby and shall become immediately due and payable without notice and shall bear interest thereon at the then applicable default interest rate with respect to Floating Rate Loans as provided in Section 2.11 of the Credit Agreement until paid to the Agent in full.; and (c) The Grantor agrees that it will not amend any lease in a manner that has a material adverse affect on materially adversely affects the interests of the Holders of Guaranteed Secured Obligations without the Agent's prior written consentconsent (such consent not to be unreasonably withheld).

Appears in 2 contracts

Samples: Security Agreement (Gfsi Inc), Security Agreement (Gfsi Inc)

Leased Real Property. The Grantor covenants and agrees with the Agent -------------------- that from and after the date of this Agreement and until termination of this Agreement pursuant to Section 25, that:: ---------- (a) Promptly following, but not later than ninety (90) days afterafter the date hereof, the close of and thereafter as requested by Agent, but no more often than once each fiscal year the year, Grantor will furnish to the Agent a report certified to be true and correct in all material respects by the Grantor containing a list of each of the Grantor's leased premises; the name or names of all owners; rentals being paid; and whether the Grantor has obtained waivers of Liens and access agreements from landlords and mortgagees with respect to such premises in accordance with Section 6; and--------- (b) The Grantor agrees that, from and after the occurrence and during the continuation of an Event of a Default, the Agent may, but need not, make any payment or perform any act hereinbefore required of the Grantor with respect to the Grantor's leased premises in any form and manner deemed expedient. All money paid for any of the purposes herein authorized and all other moneys advanced by the Agent to protect the lien hereof shall be additional Guaranteed Secured Obligations secured hereby and shall become immediately due and payable without notice and shall bear interest thereon at the default interest rate as provided in Section 2.11 of the Credit Agreement until paid to the ------------ Agent in full.; and (c) The Grantor agrees that it will not amend any lease in a manner that has a material adverse affect on materially adversely affects the interests of the Holders of Guaranteed Secured Obligations without the Agent's prior written consent.

Appears in 1 contract

Samples: Security Agreement (Pacer International Inc)

Leased Real Property. The Grantor covenants and agrees with the Agent that from and after the date of this Agreement and until termination of this Agreement pursuant to Section 25, that: (a) Promptly following, but not later than ninety (90) days after, the close of each fiscal year the Grantor will furnish to the Agent a report certified to be true and correct by the Grantor containing a list of each of the Grantor's leased premises; the name or names of all owners; rentals being paid; and whether the Grantor has obtained waivers of Liens and access agreements from landlords with respect to such premises in accordance with Section 6; and (b) The Grantor agrees that, after the occurrence and during the continuation of an Event of Default, the Agent may, but need not, make any payment or perform any act hereinbefore required of the Grantor with respect to the Grantor's leased premises in any form and manner deemed expedient. All money paid for any of the purposes herein authorized and all other moneys advanced by the Agent to protect the lien hereof shall be additional Guaranteed Secured Obligations secured hereby and shall become immediately due and payable without notice and shall bear interest thereon at the default interest rate as provided in the Credit Agreement until paid to the Agent in full. (c) The Grantor agrees that it will not amend any lease in a manner that has a material adverse affect on the interests of the Holders of Guaranteed Secured Obligations without the Agent's prior written consent.

Appears in 1 contract

Samples: Security Agreement (Ag-Chem Equipment Co Inc)

Leased Real Property. The Grantor covenants and agrees with the Agent Secured Party that from and after the date of this Agreement and until termination of this Agreement pursuant to Section SECTION 25, that: (a) Promptly following, but not later than ninety (90) days after, the close of each fiscal year the Grantor will furnish to the Agent Secured Party a report certified to be true and correct by the Grantor containing a list of each of the Grantor's leased premises; the name or names of all owners; rentals being paid; and whether the Grantor has obtained waivers of Liens and access agreements from landlords and mortgagees with respect to such premises in accordance with Section SECTION 6; and (b) The Grantor agrees that, from and after the occurrence and during the continuation of an Event of Default, the Agent Secured Party may, but need not, make any payment or perform any act hereinbefore required of the Grantor with respect to the Grantor's leased premises in any form and manner deemed expedient. All money paid for any of the purposes herein authorized and all other moneys advanced by the Agent Secured Party to protect the lien hereof shall be additional Guaranteed Obligations secured hereby and shall become immediately due and payable without notice and shall bear interest thereon at the default interest rate as provided in the Credit Agreement Note until paid to the Agent Secured Party in full. (c) The Grantor agrees that it will not amend any lease in a manner that has a material adverse affect on adversely affects the interests of the Holders of Guaranteed Obligations Secured Party without the AgentSecured Party's prior written consent.

Appears in 1 contract

Samples: Security Agreement (Ifr Systems Inc)

Leased Real Property. The Grantor covenants and agrees with the Agent that from and after the date of this Agreement and until termination of this Agreement Agreement, including pursuant to Section 25, that: (a) Promptly following, but not later than ninety (90) days afterafter entering into any leases meeting the criteria set forth in Section 6(v), the close of each fiscal year the Grantor will furnish to the Agent a report certified to be true and correct by the Grantor containing setting forth a list of each description of the Grantor's leased premisespremises related thereto; the name or names of all owners; rentals being paid; and whether the Grantor has obtained waivers of Liens and access agreements from landlords and mortgagees with respect to such premises in accordance with Section 6; and6 to the extent required to do so thereunder; (b) The Grantor agrees that, from and after the occurrence and during the continuation continuance of an Event of a Default, the Agent may, but need not, make any payment or perform any act hereinbefore required of the Grantor with respect to the Grantor's leased premises in any form and manner deemed expedient. All money paid for any of the purposes herein authorized and all other moneys advanced by the Agent as herein permitted to protect the lien hereof shall be additional Guaranteed Secured Obligations secured hereby and shall become immediately due and payable without notice and shall bear interest thereon at the then applicable default interest rate with respect to Floating Rate Loans as provided in Section 2.11 of the Credit Agreement until paid to the Agent in full.; and (c) The Grantor agrees that it will not amend any lease in a manner that has is reasonable likely to result in a material adverse affect on the interests of the Holders of Guaranteed Obligations Material Adverse Effect without the Agent's prior written consentconsent (such consent not to be unreasonably withheld).

Appears in 1 contract

Samples: Security Agreement (FTD Corp)

Leased Real Property. The Each Grantor covenants and agrees with the Agent that from and after the date of this Agreement and until termination of this Agreement pursuant to Section 2524, that: (aA) Promptly following, but not later than ninety (90) days after, the close of each fiscal year (or at any other time requested by the Agent or any of the Holders of Secured Obligations), such Grantor will furnish to the Agent a report certified to be true and correct by the such Grantor containing a list of each of the such Grantor's leased premises; the name or names of all owners; rentals being paid; and whether the such Grantor has obtained waivers of Liens and access agreements from landlords in form and substance satisfactory to the Agent with respect to any lease with respect of such premises in accordance with Section 6; and. (bB) The Grantor agrees that, From and after the occurrence and during the continuation of an Event of a Default, the Agent may, but need not, make any payment or perform any act hereinbefore required of the such Grantor with respect to the such Grantor's leased premises in any form and manner deemed expedient. All money paid for any of the purposes herein authorized and all other moneys advanced by the Agent to protect the lien hereof shall be additional Guaranteed Secured Obligations secured hereby and shall become immediately due and payable without notice and shall bear interest thereon at the default interest rate (determined by reference to the Floating Rate) as provided in Section 2.11 of the Credit Agreement until paid to the Agent in full. (cC) The Such Grantor agrees that it will not amend any lease in a manner that has a material adverse affect on adversely affects the interests of the Holders of Guaranteed Secured Obligations without the Agent's prior written consent.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

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Leased Real Property. The Grantor covenants and agrees with the Agent that from and after the date of this Agreement and until termination of this Agreement pursuant to Section SECTION 25, that: (a) Promptly following, but not later than ninety (90) days after, the close of each fiscal year the Grantor will furnish to the Agent a report certified to be true and correct by the Grantor containing a list of each of the Grantor's leased premises; the name or names of all owners; rentals being paid; and whether the Grantor has obtained waivers of Liens and access agreements from landlords and mortgagees with respect to such premises in accordance with Section SECTION 6, where such waivers or access agreements are required; and (b) The Grantor agrees that, from and after the occurrence and during the continuation of an Event of Defaulta Default (but only for so long as such Default is continuing), the Agent may, but need not, make any payment or perform any act hereinbefore required of the Grantor with respect to the Grantor's leased premises in any form and manner deemed expedient. All money paid for any of the purposes herein authorized and all other moneys advanced by the Agent to protect the lien hereof shall be additional Guaranteed Secured Obligations secured hereby and shall become immediately due and payable without notice and shall bear interest thereon at the default interest rate as provided in Section 2.11 of the Credit Agreement until paid to the Agent in full. (c) The Grantor agrees that it will not amend any lease in a manner that has a material adverse affect on the interests of the Holders of Guaranteed Obligations without the Agent's prior written consent.

Appears in 1 contract

Samples: Security Agreement (Archibald Candy Corp)

Leased Real Property. The Grantor covenants and agrees with the Agent that from and after the date of this Agreement and until termination of this Agreement pursuant to Section SECTION 25, that: (a) Promptly following, but not later than ninety (90) days after, the close of each fiscal year the Grantor will furnish to the Agent a report certified to be true and correct by the Grantor containing a list of each of the Grantor's leased premises; the name or names of all owners; rentals being paid; and whether the Grantor has obtained waivers of Liens and access agreements from landlords and mortgagees with respect to such premises in accordance with Section SECTION 6; and (b) The Grantor agrees that, from and after the occurrence and during the continuation of an Event of a Default, the Agent may, but need not, make any payment or perform any act hereinbefore required of the Grantor with respect to the Grantor's leased premises in any form and manner deemed expedient. All money paid for any of the purposes herein authorized and all other moneys advanced by the Agent to protect the lien hereof shall be additional Guaranteed Secured Obligations secured hereby and shall become immediately due and payable without notice and shall bear interest thereon at the default interest rate as provided in SECTION 2.11 of the Credit Agreement until paid to the Agent in full. (c) The Grantor agrees that it will not amend any lease in a manner that has a material adverse affect on adversely affects the interests of the Holders of Guaranteed Secured Obligations without the Agent's prior written consent.

Appears in 1 contract

Samples: Security Agreement (Ifr Systems Inc)

Leased Real Property. The Each Grantor covenants and agrees with the Administrative Agent that from and after the date of this Agreement and until termination of this Agreement pursuant to Section 25, that: (aA) Promptly following, but not later than ninety (90) days after, the close of each fiscal year (or at any other time requested by the Administrative Agent or any of the Holders of Secured Obligations), such Grantor will furnish to the Administrative Agent a report certified to be true and correct by the such Grantor containing a list of each of the such Grantor's leased premises; the name or names of all owners; rentals being paid; and whether the such Grantor has obtained waivers of Liens and access agreements and collateral assignments of lease or leasehold mortgages from landlords and mortgagees with respect to such premises in accordance with Section 6; and (bB) The Such Grantor agrees that, after the occurrence and during the continuation continuance of an Event of Agreement Default, the Administrative Agent may, but need not, make any payment or perform any act hereinbefore required of the such Grantor with respect to the such Grantor's leased premises in any form and manner deemed expedient. All money paid for any of the purposes herein authorized and all other moneys advanced by the Administrative Agent to protect the lien hereof shall be additional Guaranteed Secured Obligations secured hereby and shall become immediately due and payable without notice and shall bear interest thereon at the default interest rate (determined by reference to the Floating Rate) as provided in Section 2.11 of the Credit Agreement until paid to the Administrative Agent in full. (cC) The Such Grantor agrees that it will not amend any lease in a manner that has a material adverse affect on adversely affects the interests of the Holders of Guaranteed Secured Obligations without the Administrative Agent's prior written consent.

Appears in 1 contract

Samples: Security Agreement (Sybron Dental Specialties Inc)

Leased Real Property. The Grantor covenants and agrees with the Agent -------------------- that from and after the date of this Agreement and until termination of this Agreement Agreement, including pursuant to Section 25, that:: ---------- (a) Promptly following, but not later than ninety (90) days after, after entering into any leases meeting the close of each fiscal year the criteria set forth in Section 6(vi). Grantor will ------------- furnish to the Agent a report certified to be true and correct by the Grantor containing setting forth a list of each description of the Grantor's leased premisespremises related thereto; the name or names of all owners; rentals being paid; : and whether the Grantor has obtained waivers of Liens and access agreements from landlords and mortgages with respect to such premises in accordance with Section 6; and: --------- (b) The Grantor agrees that, from and after the occurrence and during the continuation continuance of an Event of a Designated Default, the Agent may, but need not, make any payment or perform any act hereinbefore required of the Grantor with respect to the Grantor's leased premises in any form and manner deemed expedient. All money paid for any of the purposes herein authorized and all other moneys advanced by the Agent to protect the lien hereof shall be additional Guaranteed Secured Obligations secured hereby and shall become immediately due and payable without notice and shall bear interest thereon at the then applicable default interest rate with respect to Floating Rate Loans as provided in Section 2.11 of the Credit Agreement until paid to the Agent in full.; ------------ and (c) The Grantor agrees that it will not amend any lease in a manner that has a material adverse affect on materially adversely affects the interests of the Holders of Guaranteed Secured Obligations without the Agent's prior written consentconsent (such consent not to be unreasonably withheld).

Appears in 1 contract

Samples: Credit Agreement (Gfsi Inc)

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