After Acquired Real Property definition

After Acquired Real Property has the meaning specified in Section 9.7.

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After Acquired Real Property means future owned real properties owned by any Issuer or any Guarantor with a fair market value in excess of $3,000,000.

After Acquired Real Property any property that is the subject of a Mortgage pursuant to Section 6.11(h).

Examples of After Acquired Real Property in a sentence

As soon as practicable thereafter, the Company shall execute and deliver, or shall cause the Person holding such After Acquired Real Property (if other than the Company) to execute and deliver, to the Collateral Agent a Mortgage on such After Acquired Real Property together with such other Mortgage Documents relating thereto as the Collateral Agent shall reasonably require.
In no event shall any title insurance policy covering such After Acquired Real Property obtained pursuant to the requirements set forth herein be in an amount which is less than the Fair Market Value of such After Acquired Real Property.
After Acquired Real Property ....................................................
For each Real Property Loan, beginning on the first calendar day of the month following an advance for the inclusion of Eligible Real Property or After Acquired Real Property, that portion of availability under the Real Property Sublimit allocated for such parcel shall be reduced in the amount of 1/80th of the original principal amount of such Loan on a quarterly basis.
Company agrees that upon the acquisition of any After Acquired Property Real Property Interest, it will execute, deliver and or file such mortgages and other instruments as is reasonably necessary in order to grant to Collateral Agent a perfected first priority security interest in such After Acquired Real Property Interest.
Furthermore, each Loan Party shall deliver such information with respect to such After Acquired Real Property as is reasonably required by the Lender in connection with the foregoing (including, without limitation, an environmental report prepared by a party reasonably acceptable to the Lender).
Unless such After Acquired Real Property constitutes Excluded Collateral, such After Acquired Real Property shall become Facility Collateral subject to a first priority Lien (or junior Lien, as applicable) in favor of the Lender.
Promptly (and in any event within 10 days) following the acquisition by it or any of its Subsidiaries of any After Acquired Real Property, notify the Collateral Agent that such After Acquired Real Property was acquired and provide to the Collateral Agent a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (“Current Value”).
Permit any Subsidiary of the Parent that is a CFC and not a Loan Party to acquire any After Acquired Real Property after the Restatement Effective Date.
Company agrees to notify Collateral Agent of any locations of After Acquired Real Property Interest.

More Definitions of After Acquired Real Property

After Acquired Real Property has the meaning set forth in Section 6.26.

After Acquired Real Property shall have the meaning provided in Section 7.12(c). “Agent Fee Letter” means that certain Agency Fee Letter, dated the date hereof, between the Borrower and the Administrative Agent.

After Acquired Real Property shall have the meaning set forth in Section 7.16(b) hereof.

After Acquired Real Property any property that is the subject of a Mortgage pursuant to Section 5.10 of the Credit Agreement.

After Acquired Real Property means future owned real properties owned by any Stage I Issuer or any Guarantor with a fair market value in excess of $3,000,000.

After Acquired Real Property means any fee interest in real property acquired by the Parent or any of its Subsidiaries after the date hereof with a Current Value in excess of $1,000,000.