Examples of New Mortgaged Property in a sentence
The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables) with respect to such New Mortgaged Property.
The Administrative Agent shall be reasonably satisfied with the environmental condition of any New Mortgaged Property.
Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables), the Person that has acquired such New Mortgaged Property shall promptly furnish no more than 90 days after the acquisition (unless a later date is otherwise agreed to by the Collateral Agent) the same to the Collateral Agent.
Release of Mortgaged Properties to Affiliates under Defaulted or Delinquent Assets; Early Refinancing Prepayment; Other Sales or Exchanges 94 Section 7.03 Transfer of Lease to New Mortgaged Property.
The Administrative Agent shall have received (i) this Agreement, executed and delivered by a duly authorized officer of Holdings and the Borrower, (ii) the Guarantee and Collateral Agreement, executed and delivered by a duly authorized officer of Holdings, the Borrower and each Subsidiary Guarantor and (iii) a Mortgage covering the real property located in Wisconsin being acquired in the Acquisition (the "New Mortgaged Property"), executed and delivered by a duly authorized officer of each party thereto.
The Administrative Agent shall have received in respect of each property either (i) a zoning endorsement, or (ii) written confirmation from the applicable zoning commission or other appropriate Governmental Authority stating that with respect to each New Mortgaged Property as built it complies with existing land use and zoning ordinances, regulations and restrictions applicable to such New Mortgaged Property.
Such Borrower shall have executed and delivered to Agent a Contract Assignment with respect to the New Mortgaged Property being pledged, if applicable.
All of Lenders shall have given their approval to the New Mortgaged Property, which approval may be withheld for any reason or no reason at all.
Subject to the rights of the Administrative Agent, the Collateral Agent and the Lenders under Section 5.11, the Mortgages delivered on the New Mortgaged Property shall be all of the Mortgages required with respect to such property.
If such Borrower proposes to add a New Mortgaged Property to the Mortgaged Property on the proposed Advance Closing Date occurring after the Closing Date, Agent shall, in its sole discretion and subject to the terms of this Agreement, grant or deny Borrower's request to add such New Mortgaged Property and Agent, on behalf of Lenders, shall confirm such decision in writing within twenty (20) Business Days after its receipt of all the information delivered pursuant to Section 3.3(a).