Common use of Other Real Property Collateral Clause in Contracts

Other Real Property Collateral. The Borrower shall notify the Administrative Agent, within ten (10) days after the acquisition of any real property with a fair market value in excess of $10,000,000 by any Obligor that is not subject to the existing Security Instruments, and within sixty (60) days (or such longer period as the Administrative Agent may agree in its sole discretion) following any such acquisition, deliver such mortgages, deeds of trust, title insurance policies, surveys and other documents reasonably requested by the Administrative Agent in connection with granting and perfecting a first priority Lien, other than Excepted Liens, on such real property in favor of the Collateral Agent, for the benefit of the Secured Parties, all in form and substance acceptable to the Administrative Agent.

Other Real Property Collateral. The Borrower shall notify the Administrative Agent, within ten (10) days after the acquisition of any real property other than Pipeline Properties with a fair market value in excess of $10,000,000 by any Obligor Credit Party that is not subject to the existing Security InstrumentsDocuments, and within sixty (60) days (or such longer period as the Administrative Agent may agree in its sole discretion) following any such acquisition, deliver such mortgages, deeds of trustMortgages, title insurance policiesinformation, surveys surveys, opinions, Flood Certificates and other documents reasonably requested by the Administrative Agent in connection with granting and perfecting a first priority Lien, other than Excepted Liens, on such real property in favor of the Collateral Agent, for the benefit of the Secured Parties, all in form and substance reasonably acceptable to the Administrative Agent.

Other Real Property Collateral. The Borrower shall notify the Administrative Agent, within ten (10) days after the acquisition of any real property other than that described in Section 7.8(a) with a fair market value in excess of $10,000,000 by any Obligor Credit Party that is not subject to the existing Security InstrumentsDocuments, and within sixty (60) days (or such longer period as the Administrative Agent may agree in its sole discretion) following any such acquisition, deliver such mortgages, deeds of trustMortgages, title insurance policiesinformation, surveys surveys, opinions, Flood Certificates and other documents reasonably requested by the Administrative Agent in connection with granting and perfecting a first priority Lien, other than Excepted Liens, on such real property in favor of the Collateral Agent, for the benefit of the Secured Parties, all in form and substance acceptable to the Administrative Agent.