Common use of Notice of Purchase of Real Estate and Leases Clause in Contracts

Notice of Purchase of Real Estate and Leases. Promptly notify the Lenders in the event that the Borrower shall purchase any real estate or enter into any lease of real estate or of equipment material to the operation of the Systems, supply the Lenders with a copy of the related purchase agreement or of such lease, as the case may be, and if requested by the Lenders, execute and deliver, or cause to be executed and delivered, to the Agent for the benefit of the Lenders a deed of trust or mortgage or assignment, together with landlord consents, in the case of leased property, satisfactory in form and substance to the Agent, granting a valid first Lien (subject to any Liens permitted under Section 5.2.1 hereof) on such real property or leasehold as security for the Financing Documents.

Appears in 1 contract

Samples: Loan Agreement (Galaxy Telecom Lp)

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Notice of Purchase of Real Estate and Leases. Promptly ------------ -------------------------------------------- notify the Lenders Agent in the event that the Borrower shall purchase any real estate or enter into any lease of real estate or of equipment material to the operation of the SystemsBorrower's business, supply the Lenders Agent with a copy of the related purchase agreement or of such lease, as the case may be, and if requested by the LendersAgent, execute and deliver, or cause to be executed and delivered, to the Agent for the benefit of the Lenders a deed of trust trust, mortgage, assignment or mortgage or assignmentother document, together with landlord consents, in the case of leased property, reasonably satisfactory in form and substance to the Agent, granting a valid first Lien (subject to any Liens permitted under Section 5.2.1 6.1 hereof) on such real property or leasehold as security for the Financing Documents.

Appears in 1 contract

Samples: Loan Agreement (Cornerstone Brands Inc)

Notice of Purchase of Real Estate and Leases. Promptly notify the Lenders Agent in the event that the Borrower shall purchase any real estate or enter into any lease of real estate or of equipment material to the operation of the SystemsBorrower's business, supply the Lenders Agent with a copy of the related purchase agreement or of such lease, as the case may be, and if requested by the LendersAgent, execute and deliver, or cause to be executed and delivered, to the Agent for the benefit of the Lenders a deed of trust trust, mortgage, assignment or mortgage or assignmentother document, together with landlord consents, in the case of leased property, reasonably satisfactory in form and substance to the Agent, granting a valid first Lien (subject to any Liens permitted under Section 5.2.1 hereof) SECTION 5.2. 1 hereto on such real property or leasehold as security for the Financing Documents.

Appears in 1 contract

Samples: Loan Agreement (Finisar Corp)

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Notice of Purchase of Real Estate and Leases. Promptly notify the Lenders Agent in the event that the Borrower shall purchase any real estate or enter into any lease of real estate or of equipment material to the operation of the SystemsBorrower's business, supply the Lenders Agent with a copy of the related purchase agreement or of such lease, as the case may be, and if requested by the LendersAgent, execute and deliver, or cause to be executed and delivered, to the Agent for the benefit of the Lenders a deed of trust or mortgage or assignment, together with landlord consents, in the case of leased property, reasonably satisfactory in form and substance to the Agent, granting a valid first Lien (subject to any Liens permitted under Section 5.2.1 hereof) on ------------- such real property or leasehold as security for the Financing Documents.

Appears in 1 contract

Samples: Loan Agreement (Nxtrend Technology Inc)

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