Common use of Mortgage Liens Clause in Contracts

Mortgage Liens. If the Borrower or any of its Subsidiaries -------------- shall acquire any Real Estate and shall not at the time of such acquisition incur Indebtedness with respect thereto pursuant to (S)7.01(d)(ii)(B), the Borrower shall grant, or cause such Subsidiary to grant, to the Collateral Agent on behalf of the Secured Parties a first-mortgage Lien on such Real Estate in form and substance satisfactory to the Required Lenders. Any Lien on any such Real Estate shall provide that it shall be released upon the incurrence of any Indebtedness under (S)7.01(d)(ii)(B) that is secured by a Lien on such Real Estate permitted under (S)7.02(d)(ii).

Appears in 3 contracts

Samples: Loan Agreement (Omnipoint Corp \De\), Loan Agreement (Omnipoint Corp \De\), Loan Agreement (Omnipoint Corp \De\)

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Mortgage Liens. If the Borrower or any of its Restricted Subsidiaries -------------- shall acquire any Real Estate and shall not at the time of such acquisition incur Indebtedness with respect thereto pursuant to (S)7.01(d)(ii)(BSection 7.01(d)(ii)(B), the Borrower shall grant, or cause such Subsidiary to grant, to the Collateral Agent on behalf of the Secured Parties a first-mortgage Lien on such Real Estate in form and substance satisfactory to the Required Lenders. Any Lien on any such Real Estate shall provide that it shall be released upon the incurrence of any Indebtedness under (S)7.01(d)(ii)(BSection 7.01(d)(ii)(B) that is secured by a Lien on such Real Estate permitted under (S)7.02(d)(iiSection 7.02(d)(ii).

Appears in 2 contracts

Samples: Loan Agreement (Omnipoint Corp \De\), Loan Agreement (Omnipoint Corp \De\)

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Mortgage Liens. If the Borrower or any of its -------------- Subsidiaries -------------- shall acquire any Real Estate and shall not at the time of such acquisition incur Indebtedness with respect thereto pursuant to (S)7.01(d)(ii)(B), the Borrower shall grant, or cause such Subsidiary to grant, to the Collateral Agent on behalf of the Secured Parties a first-mortgage Lien on such Real Estate in form and substance satisfactory to the Required Lenders. Any Lien on any such Real Estate shall provide that it shall be released upon the incurrence of any Indebtedness under (S)7.01(d)(ii)(B) that is secured by a Lien on such Real Estate permitted under (S)7.02(d)(ii).

Appears in 2 contracts

Samples: Loan Agreement (Omnipoint Corp \De\), Loan Agreement (Omnipoint Corp \De\)

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