Common use of Real Property Matters Clause in Contracts

Real Property Matters. The Obligee shall have received: (i) such Mortgages and Deeds of Trust as may be re- quested by the Obligee, in each case in form and substance sat- isfactory to the Obligee and its local counsel, to protect and preserve the Lien and priority of the Mortgages and Deeds of Trust as they secure the Secured Obligations and other amounts due hereunder and under the other Transaction Documents, to- gether with new ALTA lender's extended coverage policies of title insurance or amendments of the existing ALTA lender's extended coverage policies of title insurance on the Real Prop- erty encumbered by the Mortgages and Deeds of Trust in liabil- ity, amount and form issued by a title company satisfactory to the Obligee showing the Mortgages and Deeds of Trust as first Liens upon the respective Real Property, subject only to Liens permitted hereunder and thereunder and such other exceptions or exclusions as may be approved by the Obligee in its sole discretion, together with any endorsements reasonably required by the Obligee, and affirmative assurance that the improvements are fully located within the boundaries of the insured land; and (ii) in respect of the Total Real Property listed on Schedule 5.1(k) and subject to Section 5.3(a), copies of such appraisals, surveys, environmental audit reports, satisfactory evidence of entitlements (including so-called "zoning letters"), and other documents as the Obligee may request, each as specified or contemplated on Schedule 5.1(k). The legal descriptions of real property Collateral shall be satisfactory to Obligee and its local counsel.

Real Property Matters. The Obligee shall have received: (i) such Mortgages and Deeds of Trust as may be re- quested requested by the Obligee, in each case in form and substance sat- isfactory satisfactory to the Obligee and its local counsel, to protect and preserve the Lien and priority of the Mortgages and Deeds of Trust as they secure the Secured Obligations and other amounts due hereunder and under the other Transaction Documents, to- gether together with new ALTA lender's extended coverage policies of title insurance or amendments of the existing ALTA lender's extended coverage policies of title insurance on the Real Prop- erty Property encumbered by the Mortgages and Deeds of Trust in liabil- ityliability, amount and form issued by a title company satisfactory to the Obligee showing the Mortgages and Deeds of Trust as first Liens upon the respective Real Property, subject only to Liens permitted hereunder and thereunder and such other exceptions or exclusions as may be approved by the Obligee in its sole discretion, together with any endorsements reasonably required by the Obligee, and affirmative assurance that the improvements are fully located within the boundaries of the insured land; and (ii) in respect of the Total Real Property listed on Schedule 5.1(kSCHEDULE 5.1(K) and subject to Section 5.3(a), copies of such appraisals, surveys, environmental audit reports, satisfactory evidence of entitlements (including so-called "zoning letters"), and other documents as the Obligee may request, each as specified or contemplated on Schedule 5.1(kSCHEDULE 5.1(K). The legal descriptions of real property Collateral shall be satisfactory to Obligee and its local counsel.

Real Property Matters. The Obligee Agent shall have received: (i) such new Mortgages and Deeds of Trust or such amendments to the existing Mortgages and Deeds of Trust as may be re- quested requested by the ObligeeAgent, in each case in form and substance sat- isfactory satisfactory to the Obligee Agent and its local counsel, to protect and preserve the Lien and priority of the Mortgages and Deeds of Trust as they secure the Secured Obligations Loans and other amounts due hereunder and under the other Transaction Documentshereunder, to- gether together with new ALTA lender's extended coverage policies of title insurance or amendments of the existing ALTA lender's extended coverage policies of title insurance on the Real Prop- erty Property encumbered by the Mortgages and Deeds of Trust Trusts in liabil- ityliability, amount and form issued by a title company satisfactory to the Obligee Agent showing the Mortgages and Deeds of Trust as first Liens upon the respective Real Property, subject only to Liens permitted hereunder and thereunder and such other exceptions or exclusions as may be approved by the Obligee Agent in its sole discretion, together with any endorsements reasonably required by the ObligeeAgent, and affirmative assurance that the improvements are fully located within the boundaries of the insured land; and (ii) in respect of the Total Real Property listed on Schedule 5.1(k) and subject to Section 5.3(a), copies of such appraisals, surveys, environmental audit reports, satisfactory evidence of entitlements (including so-called "zoning letters"), and other documents as the Obligee Agent may request, each as specified or contemplated on Schedule 5.1(k). The legal descriptions of real property Collateral shall be satisfactory to Obligee and its local counsel.

Real Property Matters. The Obligee Lender shall have received: (i) such Mortgages and Deeds of Trust as may be re- quested requested by the ObligeeLender, in each case in form and substance sat- isfactory satisfactory to the Obligee Lender and its local counsel, to protect and preserve the Lien and priority of the Mortgages and Deeds of Trust as they secure the Secured Obligations and other amounts due hereunder and under the other Transaction Documents, to- gether together with new ALTA lender's extended coverage policies of title insurance or amendments of the existing ALTA lender's extended coverage policies of title insurance on the Real Prop- erty Property encumbered by the Mortgages and Deeds of Trust in liabil- ityliability, amount and form issued by a title company satisfactory to the Obligee Lender showing the Mortgages and Deeds of Trust as first Liens upon the respective Real Property, subject only to Liens permitted hereunder and thereunder and such other exceptions or exclusions as may be approved by the Obligee Lender in its sole discretion, together with any endorsements reasonably required by the ObligeeLender, and affirmative assurance that the improvements are fully located within the boundaries of the insured land; and (ii) in respect of the Total Real Property listed on Schedule 5.1(k) and subject to Section 5.3(a), copies of such appraisals, surveys, environmental audit reports, satisfactory evidence of entitlements (including so-called "zoning letters"), and other documents as the Obligee Lender may request, each as specified or contemplated on Schedule 5.1(k). The legal descriptions of real property Collateral shall be satisfactory to Obligee Lender and its local counsel.