Mortgage Deliverables definition

Mortgage Deliverables has the meaning set forth in Section 8.11(b)(iv).

Mortgage Deliverables has the meaning assigned to such term in Section 11.02.

Mortgage Deliverables means, collectively, each of the following:

Examples of Mortgage Deliverables in a sentence

• Notwithstanding anything to the contrary set forth in this Agreement or in any other Loan Document, in no event shall any Loan Party be required to deliver Mortgage Deliverables with respect to any Real Estate Asset that is not a Material Real Estate Asset.

• Notwithstanding the foregoing, if the Company is unable to provide a Mortgage on any real property or any applicable Mortgage Deliverables on the Issue Date, the Company need not provide such Mortgage and Mortgage Deliverables on such date, but shall use commercially reasonable efforts to do so as promptly as practicable and in any event within 120 days from such date.

• Notwithstanding the foregoing, if the Company is unable to provide a Mortgage on any real property required to be so mortgaged hereunder or any applicable Mortgage Deliverables on the Issue Date (the foregoing, collectively, the “Issue Date Mortgage Deliverables”), the Company need not provide such Issue Date Mortgage Deliverables on such date, but shall use commercially reasonable efforts to do so as promptly as practicable and in any event within 180 days from such date.

• At the end of the Security Period, the Mortgagee shall, at the request and cost of the Mortgagor, take whatever action is necessary to release, reassign or discharge (as appropriate) the Mortgaged Property from the Security created under this Deed, including but not limited to return the originals of the Mortgage Deliverables to the Mortgagor.

More Definitions of Mortgage Deliverables

Mortgage Deliverables means, with respect to any Property, the following: (a) an ALTA (or other form acceptable to Administrative Agent in its reasonable discretion) survey of each such Property; (b) a commitment from a title policy issuer reasonably acceptable to Administrative Agent to issue a lender’s title policy with respect to such Property in an amount, containing exceptions, with such endorsements and otherwise on terms and conditions reasonably acceptable to Administrative Agent; (c) a recent Phase I (or Phase II, if applicable) environmental report with respect to each such Property showing no significant environmental conditions which have not been properly addressed through a duly approved and completed remediation and otherwise showing conditions which are reasonably acceptable to Administrative Agent; (d) evidence regarding whether such Property is designated by the Federal Emergency Management Agency as having special flood or mud slide hazards; (e) evidence regarding compliance of such Property with zoning laws; (f) evidence that such Property complies with all insurance requirements set forth in Section 9.07 ; (g) a property condition report with respect to each such Property; (h) upon request of Administrative Agent, a PML report for such Property (it being understood a PML report is required for any Property located in Seismic Zone 3 or Seismic Zone 4); (i) (A) estoppel letters and SNDAs from tenants for such Property (provided that any obligation to obtain the items in this clause (i)(A) shall be subject to the Loan Parties’ commercially reasonable efforts) and (B) estoppel letters and consents from landlords if such Property is subject to a ground lease, and Administrative Agent will endeavor to use any forms attached to each of their respective leases, if any, to the extent that such forms contain usual and customary provisions for transactions of this type; (j) copies of the rent rolls and lease agreements with respect to such Property; (k) Liens searches with respect to such Property and the Loan Party that owns such property; and (l) any other documents, agreements or instruments as Administrative Agent may reasonably request.

Mortgage Deliverables means each of the following with respect to any Material Real Property:

Mortgage Deliverables has the meaning set forth in Section 8.11(b)(iv). “Multiemployer Plan” means any multiemployer plan, as defined in Section 400l(a)(3) of ERISA, to which any ERISA Affiliate incurs or otherwise has any obligation or liability, contingent or otherwise. “NASDAQ” means The Nasdaq Global Market. “NDA” means a new drug application, submitted to the FDA pursuant to 21 U.S.C. § 355 seeking approval to market a new drug in the United States, or any equivalent application submitted to a Regulatory Authority outside of the United States, and all supplements or amendments thereto. “Net Cash Proceeds” means, (i) with respect to any Casualty Event experienced or suffered by any Obligor or any of its Subsidiaries, the amount of cash proceeds received (directly or indirectly) from time to time by or on behalf of such Person in respect of such Casualty Event after deducting therefrom only (a) reasonable costs and expenses related thereto incurred by such Obligor or such Subsidiary in connection therewith, (b) Taxes (including transfer Taxes or net income Taxes) paid or reasonably expected to be payable in connection therewith, (c) reasonable reserves established for liabilities estimated to be payable in respect of such Casualty Event and deposited into escrow with a third party escrow agent on customary terms or set aside in a Controlled Account and (d) any amounts required to be used to prepay Permitted Indebtedness pursuant to Sections 9.01(j) and 9.01(l) secured by the assets subject to such Casualty Event (other than (x) Indebtedness owing to the Administrative Agent or any Lender under this Agreement or the other Loan Documents and (y) Indebtedness assumed by the purchaser of such asset); and (ii) with respect to any Asset Sale by any Obligor or any of its Subsidiaries, the amount of cash proceeds received (directly or indirectly) from time to time by or on behalf of such Person in respect of such Asset Sale after deducting therefrom only (a) reasonable costs and expenses related thereto incurred by such Obligor or such Subsidiary in connection therewith, (b) Taxes (including transfer Taxes or net income Taxes) paid or reasonably be expected to be payable in connection therewith, (c) reasonable reserves established for liabilities estimated to be payable in respect of such Asset Sale and deposited into escrow with a third party escrow agent on customary terms or set aside in a Controlled Account and (d) any amounts required to be used to prepay Permitted Indebtedness...