Common use of Matters Relating to Additional Real Property Collateral Clause in Contracts

Matters Relating to Additional Real Property Collateral. From and after the Closing Date, in the event that (i) the Borrower or any Guarantor acquires any fee interest in real property (other than Principal Property) with an appraised value in excess of $10,000,000 or (ii) at the time any Person becomes a Guarantor, such Person owns or holds any fee interest in real property (other than Principal Property) with an appraised value in excess of $10,000,000, in either case excluding any such Real Estate the encumbrancing of which requires the consent of any applicable lessor or (in the case of clause (ii) above) then-existing senior lienholder, where the Borrower or such Guarantor is unable to obtain such lessor's or senior lienholder's consent (any such non-excluded Real Estate described in the foregoing clause (i) or (ii) being an "ADDITIONAL MORTGAGED PROPERTY"), deliver to the Applicable Agent, as soon as practicable after such Person acquires such Additional Mortgaged Property or becomes a Guarantor, as the case may be, the following:

Appears in 1 contract

Samples: Credit Agreement (Levi Strauss & Co)

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Matters Relating to Additional Real Property Collateral. From and after the Closing Date, in the event that (i) the Borrower Company or any Subsidiary Guarantor acquires any fee interest in real property (other than Principal Property) with an appraised value in excess of $10,000,000 or any Leasehold Property or (ii) at the time any Person becomes a Subsidiary Guarantor, such Person owns or holds any fee interest in real property (other than Principal or any Leasehold Property) with an appraised value in excess of $10,000,000, in either case excluding any such Real Estate Property Assets the aggregate value of which fee interests or leasehold interests is less than $10,000,000 or the encumbrancing of which requires the consent of any applicable lessor or (in the case of clause (ii) above) then-existing senior lienholder, where the Borrower or such Guarantor is Company and its Subsidiaries are unable to obtain such lessor's or senior lienholder's consent (any such non-excluded Real Estate Property Asset described in the foregoing clause (i) or (ii) being an "ADDITIONAL MORTGAGED PROPERTYAdditional Mortgaged Property"), Company or such Subsidiary Guarantor shall deliver to the Applicable Administrative Agent, as soon as practicable after such Person acquires such Additional Mortgaged Property or becomes a Subsidiary Guarantor, as the case may be, the following:

Appears in 1 contract

Samples: Security Agreement (Arterial Vascular Engineering Inc)

Matters Relating to Additional Real Property Collateral. A. Additional Mortgages, Etc. From and after the Original Closing Date, in the event that (i) the Borrower Company or any Subsidiary Guarantor acquires any fee interest in real property (other than Principal Property) with an appraised value in excess of $10,000,000 or (ii) at the time any Person becomes a Subsidiary Guarantor, such Person owns or holds any fee interest in real property property, (other than Principal Propertya) with an appraised in each case, reasonably determined by Administrative Agent to be of material value as Collateral or of a material importance to the operations of Company and its Subsidiaries, and (b) in excess the case of $10,000,000clause (ii), in either case excluding any such Real Estate Property Asset the encumbrancing of which requires the consent of any applicable lessor or (in the case of clause (ii) above) then-existing senior lienholder, where the Borrower or such Guarantor is unable Company and its Subsidiaries have attempted in good faith, but are unable, to obtain such lessor's or senior lienholder's ’s consent (any such non-excluded Real Estate Property Asset described in the foregoing clause (i) or (ii) being an "ADDITIONAL MORTGAGED PROPERTY"“Additional Mortgaged Property”), Company or such Subsidiary Guarantor shall deliver to the Applicable Administrative Agent, as soon as practicable after such Person acquires such Additional Mortgaged Property or becomes a Subsidiary Guarantor, as the case may be, the following:

Appears in 1 contract

Samples: Credit Agreement (Bare Escentuals Inc)

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Matters Relating to Additional Real Property Collateral. From and after the Closing Merger Date, in the event that (i) the Borrower Company or any Subsidiary Guarantor acquires any fee interest in real property (other than Principal Property) with an appraised value in excess of $10,000,000 or any Leasehold Property or (ii) at the time any Person becomes a Subsidiary Guarantor, such Person owns or holds any fee interest in real property (other than Principal or any Leasehold Property) with an appraised value in excess of $10,000,000, in either case excluding any such Real Estate Property Asset the encumbrancing of which requires the consent of any applicable lessor or (in the case of clause (ii) above) then-existing senior lienholder, 110 where the Borrower or such Guarantor is Company and its Subsidiaries are unable to obtain such lessor's or senior lienholder's consent (any such non-excluded Real Estate Property Asset described in the foregoing clause (i) or (ii) being an "ADDITIONAL MORTGAGED PROPERTY"), Company or such Subsidiary Guarantor shall deliver to the Applicable Administrative Agent, as soon as practicable after such Person acquires such Additional Mortgaged Property or becomes a Subsidiary Guarantor, as the case may be, the following:

Appears in 1 contract

Samples: Credit Agreement (Andros Holdings Inc)

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