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Real Property Deliveries Sample Clauses

Real Property DeliveriesThe Company shall obtain and deliver to Parent at or prior to the Closing: (a) evidence that it used commercially reasonable efforts to obtain a zoning letter issued by the governmental agency having jurisdiction over zoning matters, stating the zone designation of the Company Entities’ real property, and that such designation is the correct designation for the current use of the real property and that the real property otherwise complies with all zoning and similar laws; and (b) an estoppel certificate with respect to each of the Leases, dated no more than 30 days prior to the Closing Date, from the other party to such Lease, in form and substance satisfactory to Parent.
Real Property DeliveriesThe Company agrees that if, immediately prior to or at the Closing, or at any time after the Effective Time, Buyer considers or is advised that any further deeds, assignments or assurances are reasonably necessary or desirable to vest, perfect or confirm in Buyer title to any property or rights of the Company, Buyer and its proper officers and directors may execute and deliver all such proper deeds, assignments and assurances and do all other things necessary or desirable to vest, perfect or confirm title to such property or rights in Buyer and otherwise to carry out the purpose of this Agreement, in the name of the Company or otherwise.
Real Property Deliveries. Within 60 calendar days of any date on which the ratio of Consolidated Debt to EBITDA (calculated in accordance with Section 1.3.) shall equal or exceed 1.5 to 1.0, the Borrower shall deliver to the Agent each of the following items with respect to any real property interests of any of the Loan Parties as the Agent and the Lenders shall designate in their reasonable discretion: (a) With respect to any real property interests in which such Loan Party holds fee simple title, each of the following: (i) To the extent not previously delivered, a Security Deed encumbering such real property; (ii) An ALTA 1992 Form mortgagee's Policy of Title Insurance (without any creditor's rights exclusion and without any mandatory arbitration provision) or other form acceptable to the Agent, in favor of the Agent for the benefit of the Lenders with respect to such property, including endorsements with respect to such items of coverage as the Agent may reasonably request and which endorsements are available, issued by a title insurance company acceptable to the Agent and with coinsurance or reinsurance (with direct access agreements) with title insurance companies acceptable to the Agent, showing the fee simple title to the land and improvements described in such Security Deed as vested in the applicable Loan Party, and insuring that the Lien granted by such Security Deed is a valid first priority Lien against said property, subject only to such restrictions, encumbrances, easements and reservations as are acceptable to the Agent. The amount of coverage under such policy must be at least equal to the fair market value of such property as indicated in the Appraisal required by subclause (viii) below; (iii) UCC, tax, judgment and lien search reports with respect to the Borrower (or Subsidiary if the property is owned by a Subsidiary) and such property in all necessary or appropriate jurisdictions indicating that there are no Liens of record on such property or any of the Collateral relating thereto other than Permitted Liens: (iv) A current or currently certified survey of such real property certified to the Agent and the Lenders by a surveyor licensed in the applicable jurisdiction to have been prepared in accordance with the then effective Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys and otherwise in form and substance reasonably satisfactory to the Agent; (v) If not adequately covered by the survey certification provided for above, a certificate from ...
Real Property Deliveries. Notwithstanding anything in the Credit Agreement to the contrary, Borrower, Agent and the Banks hereby agree that Borrower shall provide to Agent the items set forth in Section 3.2(e)(i), (ii) and (iii) of the Credit Agreement on or before September 15, 2001 (or such later date to which Agent and the Required Banks shall have consented in writing). In addition, Borrower, Agent and the Banks also agree to extend the time period set forth in Section 6.3 of the Subordination Agreement to September 15, 2001.
Real Property Deliveries. Parent shall have received such title insurance policies, title commitments and surveys with respect to the Owned Real Property as the Parent may reasonably request or require, in each case in form and substance reasonably satisfactory to the Parent.
Real Property Deliveries. Notwithstanding anything in the Credit Agreement or the Sixth Amendment to the contrary, Borrower, Agent and the Banks hereby agree that Borrower shall provide to Agent the items set forth in Section 14(b)(ii), (iii) and (iv) of the Sixth Amendment on or before September 15, 2001 (or such later date to which Agent and the Majority Banks shall have consented in writing). In addition, Borrower, Agent and the Banks also agree to extend the time period set forth in Section 6.3 in the Subordination Agreement to September 15, 2001 (or such later date to which Agent and the Majority Banks shall have consented in writing).
Real Property DeliveriesBorrower shall have delivered to Lender each of the following for each Facility: (i) The current owner's policy of title insurance issued by a title company acceptable to Lender (the "Title Company") showing good and indefeasible title to such Facility in fee simple vested in the Property Owner for such Facility and subject only to (x) liens for taxes, assessments and governmental charges not yet past due and payable or delinquent and (y) such other title exceptions as Lender may approve, in its sole and absolute discretion. Such policy (the "Title Policy"), when issued, shall: (A) be in current ALTA extended coverage owner's form (but without a general exception for creditors' rights); (B) be issued in an amount not less than the value of such Facility, as set forth in the Final Appraisals; (C) include endorsements 100 (no violations, etc., modified for an owner), 103.7 (access), 116.1 (survey accuracy), and 123.2 (zoning-improved property), and a non-imputation endorsement or the equivalents thereof available in the applicable State, and such other endorsements as Lender may reasonably require; and (D) insure (i) that any conditions, covenants and restrictions affecting such Facility have not been violated and that a future violation thereof will not result in a forfeiture or reversion of title; (ii) if obtainable, that all streets adjoining such Facility have been completed, dedicated and accepted for public maintenance and use by the appropriate governmental authorities and that such Facility have access to public streets; (iii) that local zoning ordinances, general plans and all other applicable land use regulations and all private covenants, conditions and restrictions, if any, permit the transfer and use of such Facility (and reconstruction and resumption of use of such Facility in the event of damage or destruction thereof or cessation of use thereof) for all uses contemplated by the Master Lease as a matter of right for an unlimited time period, and specifically not merely as a legal non-conforming use or any other legal status which would by its terms or by operation of law limit the duration of such use or the right to rebuild and resume use of such Facility for all uses contemplated by the Master Lease in the event of damage, destruction or cessation of use of such Facility for any reason; and (iv) over and against all parties in possession except the current occupants thereof. (ii) either (x) a final "as-built" ALTA survey of such Facility com...
Real Property Deliveries. Because title reports and updated surveys of the Owned Real Property located in Charlotte and Matthews, North Carolina will not be available to Buyer for examination until after the Closing, Sellers agree that during the thirty (30)– day period following Closing to execute and deliver to Buyer any customary documentation that may be reasonably required or necessary to convey clear title to all of the Owned Real Property to Buyer, including but not limited to a correction deed with a corrected legal description.
Real Property Deliveries. Purchaser shall have received the Title Policies or a binding undertaking to issue the Title Policies from the Title Company and such affidavits and indemnities from Seller required by the Title Company to issue the Title Policies.
Real Property Deliveries