Real Estate Documents Sample Clauses
The 'Real Estate Documents' clause defines the requirements and responsibilities related to the preparation, execution, and delivery of documents necessary for a real estate transaction. This clause typically specifies which party is responsible for providing deeds, title reports, transfer forms, or other legal paperwork required to complete the sale or transfer of property. By clearly outlining these obligations, the clause ensures that all necessary documentation is properly handled, reducing the risk of delays or disputes and facilitating a smooth transfer of ownership.
Real Estate Documents. With respect to each parcel of Real Estate, a duly executed Mortgage providing for a first priority recorded Lien, in favor of the Administrative Agent, in all right, title and interest of the Borrowers in such real property, together with each of the following, which shall each be satisfactory in form and substance to the Administrative Agent:
(a) true and complete copies of the fully-executed leases, together with Subordination and Attornment Agreements (if the lease with the tenant does not contain subordination provisions in form and substance reasonably satisfactory to the Administrative Agent), and an estoppel certificate for each lease;
(b) duly executed Environmental Indemnity Agreement;
(c) duly executed Assignment of Leases and Rents;
(d) copies of the nursing home license for each Facility issued by the applicable state;
(e) an ALTA Loan Title Insurance Policy, issued by Chicago Title or another insurer reasonably acceptable to the Administrative Agent, insuring the Administrative Agent’s first priority Lien on such real property and containing such endorsements as the Administrative Agent may reasonably require (it being understood that the amount of coverage, exceptions to coverage and status of title set forth in such policy shall be reasonably acceptable to the Administrative Agent);
(f) copies of all documents of record concerning such real property as shown on the commitment for the ALTA Loan Title Insurance Policy referred to above;
(g) certificates or other evidence of all insurance policies required to be maintained with respect to such real property by this Agreement, the applicable Mortgage or any other Loan Document;
(h) an ALTA survey or such other survey as is reasonably satisfactory to the Administrative Agent (and the applicable title company for purposes of extending title insurance and requested endorsements);
(i) if such real property, or any part thereof, lies within a “special hazard area” as designated on maps prepared by HUD, a National Flood Insurance Association standard flood insurance policy, plus insurance from a private insurance carrier, if reasonably required by the Administrative Agent, for the duration of the Loans in the amount of the full insurable value of the improvements at the particular parcel of real property;
(j) an appraisal ordered by Administrative Agent, prepared by an independent appraiser approved by the Administrative Agent (at the sole cost and expense of the Borrowers), of such parcel of Real Es...
Real Estate Documents. With respect to each parcel of real property listed on Schedule 11.1.9, a duly executed Mortgage providing for a fully perfected Lien, in favor of the Administrative Agent, in all right, title and interest of the Company or such Subsidiary in such real property, together with:
(a) an ALTA Loan Title Insurance Policy, issued by an insurer acceptable to the Administrative Agent, insuring the Administrative Agent's Lien on such real property and containing such endorsements as the Administrative Agent may reasonably require (it being understood that the amount of coverage, exceptions to coverage and status of title set forth in such policy shall be acceptable to the Administrative Agent);
(b) copies of all documents of record concerning such real property as shown on the commitment for the ALTA Loan Title Insurance Policy referred to above;
(c) original or certified copies of all insurance policies required to be maintained with respect to such real property by this Agreement, the applicable Mortgage or any other Loan Document; and
(d) a flood insurance policy concerning such real property, reasonably satisfactory to the Administrative Agent, if required by the Flood Disaster Protection Act of 1973. Additionally, in the case of any leased real property, a consent, in form and substance satisfactory to the Administrative Agent, from the owner and each mortgagee of such property (a) consenting to the Mortgage in favor of the Administrative Agent with respect to such property and (b) waiving any landlord's Lien in respect of personal property kept at the premises subject to such lease.
Real Estate Documents. The provisions of this Agreement supplement the provisions of any real estate mortgage or deed of trust granted by any Grantor to the Agent and securing the payment or performance of any of the Secured Obligations. Nothing contained in any such real estate mortgage or deed of trust shall derogate from any of the rights or remedies of the Agent or any Secured Creditor hereunder.
Real Estate Documents. (A) Originals or true copies of all surveys, reports, plans, warranties and guarantees and other data and information relating to the physical aspects of the Leased Real Property as are in Seller's possession (provided that Seller may deliver any of said items by allowing Buyer access to same at Seller's offices);
(B) ▇▇▇▇(s) of sale for all Tangible Property related to the Leased Real Property;
(C) An assignment of Seller's rights under the Leases to Buyer or Buyer's designee (including without limitation Seller's rights in any security deposits), together with (at the option of Buyer) a memorandum thereof sufficient for recording, in such form as is deemed reasonably sufficient for such purposes by Buyer's counsel;
(D) A current UCC Report showing no financing statements by Seller as Debtor covering any property included within or related to the Leased Real Property;
(E) A written certification from the Landlord(s) under the Leases, (i) consenting to the transfer of the tenant's interests and rights to Buyer or Buyer's designee without the requirement for any payment or modification of terms (except such payment as shall be paid solely by Seller), (ii) stating that the tenant is not in default under the Lease(s) and setting forth the amounts and latest dates to which rent and additional rent under the Lease(s) have been paid; and (iii) confirming the date of the Lease(s), all amendments thereto, as well as the commencement and expiration dates;
(F) An executed original or true copy of (i) each or the Lease, and all amendments and modifications thereto, and (ii) all Contracts to be transferred to Buyer or Buyer's designee relating to the Leased Real Property;
(G) Letters to the vendors or other contract parties under all Contracts pertaining to the Leased Real Property which are transferred to Buyer or Buyer's designee, notifying them of the change in ownership;
(H) To the extent in Seller's possession, all master and duplicate keys and lock combinations to the locks of all doors on the Leased Real Property, all plans and specifications, and all technical and service manuals relating to the operation and maintenance of the Leased Real Property, as well as all records and files of Seller pertaining to the operation and maintenance of the Leased Real Property; provided that Seller may deliver any of said items by allowing Buyer access to same at Seller's offices.
Real Estate Documents. The fully-executed original Mortgage in relation that certain real property described as owned by Borrower on Schedule 4 to the Guarantee and Collateral Agreement in form and substance satisfactory to Agent.
Real Estate Documents. If requested by the Collateral Agent or any Lender, with respect to each parcel of real property, at any time owned by the Company or any Guarantor, a duly executed Mortgage providing for a fully perfected Lien, in favor of the Collateral Agent, in all right, title and interest of the Company or such Guarantor in such real property, together with:
(a) an ALTA Loan Title Insurance Policy, issued by an insurer acceptable to the Collateral Agent, insuring the Collateral Agent’s Lien on such real property and containing such endorsements as the Collateral Agent may reasonably require (it being understood that the amount of coverage, exceptions to coverage and status of title set forth in such policy shall be acceptable to the Collateral Agent);
(b) copies of all documents of record concerning such real property as shown on the commitment for the ALTA Loan Title Insurance Policy referred to above;
(c) original or certified copies of all insurance policies required to be maintained with respect to such real property by this Agreement, the applicable Mortgage or any other Loan Document;
(d) a survey certified to the Collateral Agent meeting such standards as the Collateral Agent may reasonably establish and otherwise reasonably satisfactory to the Collateral Agent;
(e) a flood insurance policy concerning such real property, if required by the Flood Disaster Protection Act of 1973; and
(f) an appraisal, prepared by an independent appraiser engaged directly by the Collateral Agent, of such parcel of real property or interest in real property, which appraisal shall satisfy the requirements of the Financial Institutions Reform, Recovery and Enforcement Act, if applicable, and shall evidence compliance with the supervisory loan-to-value limits set forth in the Federal Deposit Insurance Corporation Improvement Act of 1991, if applicable. Additionally, (i) in the case of any leased real property (other than the Company’s office located at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇) on which are located any assets or improvements (having a value of $1,000,000 or more with respect to each real property address) owned by the Company and/or any of its Subsidiaries and/or Joint Ventures, at any time upon the request of the Collateral Agent or the Required Lenders, the Company and/or its Subsidiary and/or Joint Venture, as applicable, shall use their best efforts to provide a Collateral Access Agreement from the landlord of such property waiving any landlord’s L...
Real Estate Documents. With respect to each parcel of real property leased by any Loan Party, a copy of the lease with respect thereto and a Landlord Agreement with respect thereto, as required by the Administrative Agent.
Real Estate Documents. Receipt by the Administrative Agent, with respect to each Mortgaged Property owned, if any, by a Loan Party as of the Closing Date, of all Mortgage Instruments and Mortgage Supporting Documents relating thereto.
Real Estate Documents. For each Collateral Property, the items listed on Schedules 10.10 and, if applicable, 10.11, respectively, shall have been delivered to Administrative Agent at Borrowers’ expense and shall be in form and substance reasonably satisfactory to Administrative Agent.
Real Estate Documents. (a) In the case of each parcel of real property acquired in fee by the Company or any domestic Subsidiary after the date hereof, concurrently with the acquisition of such real property (i) an ALTA Loan Title Insurance Policy issued by an insurer acceptable to the Administrative Agent (and, for purposes hereof, the Administrative Agent acknowledges that Chicago Title Insurance Company and ▇▇▇▇▇▇▇ Title Company are acceptable insurers) or a title insurance binder thereof marked by an authorized representative of such title company, insuring the Administrative Agent’s Lien on such real property and containing such endorsements as the Administrative Agent may reasonably require (it being understood that the amount of coverage, exceptions to coverage and status of title set forth in such policy shall be reasonably acceptable to the Administrative Agent), (ii) copies of all documents of record concerning such real property as shown on the commitment for the ALTA Loan Title Insurance Policy referred to in clause (i) and (iii) a flood insurance policy concerning such real property, reasonably satisfactory to the Administrative Agent, if required by the Flood Disaster Protection Act of 1973.
(b) In the case of each parcel of real property leased (as lessee) by the Company or any domestic Subsidiary after the Effective Time, use commercially reasonable efforts to deliver, or to cause to be delivered to the Administrative Agent concurrently with the effectiveness of such lease, (i) a Collateral Access Agreement from the owner and each mortgagee of such property waiving any landlord’s or mortgagee’s Lien in respect of personal property of any Loan Party kept at the premises subject to such lease (unless the delivery of such Collateral Access Agreement is waived by the Administrative Agent); and (ii) if requested by the Administrative Agent, a leasehold Mortgage for such property and the documents listed in clause (a) above with respect to such property.