Real Estate Documentation. Jurisdictions in Which Credit Parties are Qualified to do Business 6.3(b) Owned and Leased Real Property
Real Estate Documentation. Prior to or simultaneously with the delivery of any real estate subject to a Mortgage, Borrowers shall furnish Agent, in form and substance reasonably satisfactory to Agent and the Banks, the following:
(a) With respect to any such real estate acquired by Borrowers after the date hereof and if requested by Agent or any Lender, an appraisal of such real property prepared by an MAI appraiser, which appraisal and appraiser shall be satisfactory to Agent and the Banks. Such appraisal shall be conducted at Borrowers' expense;
(b) An environmental assessment conducted with respect to such real property by Environ Corporation or another environmental consultant experienced in such matters (and reasonably acceptable to Agent), which is in form and substance satisfactory to Agent. The assessment shall be of a scope necessary to address all concerns of Banks and may, at Banks' option, require soil, air or water testing, leak testing of underground storage tanks or other requirements warranted by the circumstances as determined by Banks. Such assessment shall be conducted at Borrowers' expense;
(c) A mortgage survey prepared at Borrowers' expense certified to Agent and to Chicago Title Insurance Company ("Title Company") from a registered land surveyor reasonably satisfactory to Agent which complies with ALTA/ACSM minimum detail requirements and which shows nothing reasonably objectionable to Agent (other than Permitted Liens);
(d) A policy of mortgage title insurance at Borrowers' expense in standard A.L.T.A. loan policy form issued by the Title Company without standard exceptions in an amount equal to the lesser of (i) the appraised value of such real property and (ii) the Indebtedness, insuring that such mortgage is a first lien on such real property, that the title to such real property is in the applicable Borrower and that there are no other liens, claims or encumbrances thereon except for the Permitted Liens. The title policy shall also contain a zoning endorsement, comprehensive endorsement and such other endorsements as reasonably required by Agent; and
(e) Such other information and documentation as any Bank may reasonably request.
Real Estate Documentation. 44 6.14 Company's Certificate...............................................................45 6.15
Real Estate Documentation. SELLERS shall provide to BUYER copies of the following documents/information in its possession, if any, relating to the Real Estate: (i) blueprints and schematic drawings, and (ii) true and complete copies of all reports and results of any studies, analyses, tests, investigations or monitoring, possessed or initiated by SELLERS pertaining to the Real Estate, including, without limitation, any prior title commitments and title policies. In the event this Agreement terminates for any reason, BUYER shall promptly return to SELLERS any such documents/information received from SELLERS.
Real Estate Documentation. 1. An Appraisal of the fair market value of such parcel performed by an appraisal firm selected by the Borrower and reasonably satisfactory to the Agent.
2. An ALTA mortgage title insurance policy from a title insurance company reasonably satisfactory to the Agent, without standard exceptions, in an amount satisfactory to the Agent, insuring the Agent’s mortgage, to be a first lien on the subject property, subject only to those exceptions acceptable to the Agent. The title policy shall contain zoning compliance, usury, comprehensive, and any other endorsements required by the Agent.
3. A Mortgage survey or survey update reasonably satisfactory to and certified to the Agent and the title company, by a surveyor approved by the Agent showing no encroachments or adverse rights, other than those acceptable to the Agent and showing ingress and egress, all recorded easements affecting the subject property, whether or not the subject is in a flood plain area, and such other information as the Agent or the title company requests, all in compliance with the Agent’s survey requirements.
4. Evidence of flood insurance, if required by applicable law.
5. A written environmental audit or risk assessment acceptable to the Agent prepared at Borrower’s expense by an engineer or company experienced in such matters and reasonably acceptable to the Agent with respect to the subject real estate.
Real Estate Documentation. As soon as practical, and in any event no later than sixty (60) days after the Closing Date (as the same may be extended by the Agent in its reasonable discretion), the Borrower shall provide appraisals, surveys (if available) and engineering reports (if available) for all of the Material Real Property of the Borrower and its Subsidiaries, all of which shall be in form and substance satisfactory to the Co-Lead Arrangers and shall not evidence any Default;
Real Estate Documentation. 55 11.1.17 Other............................................55 11.2 Other Conditions to Initial Credit Extension....................56 11.2.1 1998 Subordinated Notes...........................56 11.2.2 Capital Structure; Indebtedness...................56 11.2.3 1996 Subordinated Notes...........................56 11.2.4 Merger Consideration; Expenses....................56 11.3 All Loans and Letters of Credit.................................56 11.3.1 No Default, etc...................................56 11.3.2 Confirmatory Certificate..........................56
Real Estate Documentation. (i) Fee simple title to the Project Site shall have been conveyed to the Borrower, (ii) the Borrower shall have delivered to the Administrative Agent (A) the Title Policy; (B) the Survey; (C) proof of payment to the Title Company of all expenses and premiums of the Title Company in connection with the issuance of the Title Policy and all recording and stamp taxes payable in connection with the recording of the Deed of Trust in the real property records of Contra Costa County; and (D) a standard flood hazard determination, and (iii) the Borrower shall have caused the Deed of Trust to have been recorded in the real property records in Contra Costa County.
Real Estate Documentation. Buyer shall have received, at Buyer’s sole cost and expense, with respect to each parcel of Owned Real Property, a current owner’s preliminary report on title containing a commitment to issue an ALTA owner’s title insurance policy, with extended coverage, insuring the good and marketable fee simple title of the Company in such Owned Real Property, subject only to the Permitted Exceptions.
Real Estate Documentation. Upon the reasonable request of the Administrative Agent, the Credit Parties shall deliver to the Administrative Agent an updated survey and/or a datedown endorsement to the Mortgage Policy with respect to the Mortgaged Property located in Baton Rouge, Louisiana, which survey and title endorsement shall be in form and substance satisfactory to the Administrative Agent.
