New Mortgages. The Administrative Agent shall have received, with respect to each Mortgaged Property (other than any Mortgaged Property that was subject to a Mortgage in favor of Collateral Agent prior to the Restatement Date), each of the following (except as otherwise set forth on Schedule 8.17), in form and substance reasonably satisfactory to the Administrative Agent:
New Mortgages. On the Restatement Effective Date, the Borrower will, or will cause its Subsidiaries to, deliver to the Collateral Agent (i) fully executed counterparts of deeds of trust, mortgages and similar documents in each case in form and substance satisfactory to the Collateral Agent (each a "New Mortgage" and, collectively, the "New Mortgages") covering all of the Mortgaged Properties listed on Part A of Annex VIII and designated as "New Mortgaged Properties" thereon (each a "New Mortgaged Property" and, collectively, the "New Mortgaged Properties"), and counterparts of such New Mortgages shall have been duly recorded or delivered to the Collateral Agent for recording in all places to the extent necessary or, in the reasonable judgment of the Collateral Agent, desirable, effectively to create a valid and enforceable first priority mortgage Lien, subject only to Permitted Encumbrances, on each such New Mortgaged Property in favor of the Collateral Agent (or such other trustee as may be required or desirable under local law) for the benefit of the Administrative Agent and the Banks, (ii) mortgage title insurance policies issued by title insurers reasonably satisfactory to the Collateral Agent (the "New Mortgage Policies") in amounts reasonably satisfactory to the Collateral Agent and assuring the Collateral Agent that the New Mortgages in respect of the New Mortgaged Properties are valid and enforceable first priority mortgage Liens on the respective New Mortgaged Properties free and clear of all defects and encumbrances except Permitted Encumbrances, and such New Mortgage Policies shall be in form and substance reasonably satisfactory to the Collateral Agent and shall include an endorsement for mechanic liens and for any other matter that the Collateral Agent in its discretion may reasonably request and (iii) such opinions of counsel as the Collateral Agent may reasonably request in connection with such New Mortgages, which opinions of counsel shall be in form and substance satisfactory to the Collateral Agent.
New Mortgages. 6.1 The Portfolio may be augmented from time to time by the sale to the Fund on any Assignment Date of New Mortgages by the Seller in accordance with the Mortgage Sale Agreement.
New Mortgages. If this Contract provides for Buyer to obtain a new mortgage, then Xxxxx’s performance under this Contract shall be 79 contingent upon Xxxxx’s obtaining said mortgage financing at an initial interest rate, not to exceed % (if blank, then prevailing rate based upon 80 Buyer’s creditworthiness) and for a period of years. (30 years if left blank). In the event Xxxxx executes a new mortgage, all charges 81 incidental to the mortgage shall be paid by the Buyer. In the event a letter of approval for said financing is not obtained within calendar days 82 (30 days if blank is not filled in) from the Effective Date of this Contract, then either party may terminate this Contract by delivery of written notice to 83 the other party or his Agent, the deposit(s) shall be returned to the Buyer and all parties shall be released from all further obligations hereunder. Buyer 84 hereby authorizes the mortgage broker and lender to keep Seller and all Brokers fully informed about loan application status, seasoned funds, credit 85 scores, employment verification, loan application progress, and commitment issues.
New Mortgages. If any Borrower shall acquire at any time or times hereafter any fee or ground leasehold interest in any real property, such Borrower agrees promptly to notify the Bank thereof in writing and, if requested by the Bank, to execute and deliver to the Bank, as additional security and collateral for the Obligations, deeds of trust, security deeds, mortgages or other collateral assignments satisfactory in form and substance to the Bank and its counsel (herein collectively referred to as "New Mortgages") covering such real property. Each New Mortgage shall be duly recorded in each office where such recording is required to constitute a valid lien on the real property covered thereby. The Borrowers shall deliver to the Bank, if requested by the Bank, at the Borrowers' expense, a satisfactory mortgagee title insurance policy with respect to each New Mortgage, issued by a title insurance company satisfactory to the Bank, insuring a valid first lien in favor of the Bank on the real property covered thereby. The Borrowers shall deliver to the Bank such other items and documents, as the Bank and its counsel may reasonably request, relating to the real property subject to any New Mortgage.
New Mortgages. The Agent shall have received mortgages, duly executed by the Company, covering all real property of the Company to be included in the Leased Real Estate Borrowing Base Amount and not already subject to a mortgage in favor of the Agent, for the benefit of the Lenders, if any.
New Mortgages. The New Mortgages in form and substance satisfactory to Safeguard, and substantially in the forms attached hereto as Exhibits B-1 and B-2, respectively, for each of the properties listed on Schedule 1.3, other than the Vassar Street Property.
New Mortgages. For each New Mortgaged Property, other than 651 Anchors Street, Fort Walton Beach, Florida (the "Xxx Xxxxxxx Xxxxxxxx") xxxxx xxxx be encumbered pursuant to the First Amendment to Florida Mortgage, a fully executed and notarized Mortgage (each, a "New Mortgage"), in proper form for recording in the appropriate place in the applicable jurisdiction, encumbering each Real Property Asset listed in Part A-1 of Schedule 5.5B annexed hereto (each such listed Real Property Asset, including the New Florida Property, being collectively, the "New Mortgaged Properties").
New Mortgages. The Borrower will, and will cause each of its Subsidiaries to deliver the following within 30 days after the Restatement Effective Date (or, in the case of clause (iii) below, such longer period as the Collateral Agent may agree):
