Example ContractsClausesReal Property Collateral
Real Property Collateral
Real Property Collateral contract clause examples

Real Property Collateral. Subject to the Permitted Liens, the payment and performance of the Obligations are secured by all Liens in favor of Lender created under the Mortgage encumbering the Real Property Collateral, including the land, structures, improvements and fixtures, and in and to all leases relating thereto.

Real Property Collateral Schedule; Eligible Real Property Schedule. Upon the satisfaction of each of the Michigan Real Property Eligibility Conditions # [Schedule R]-1 to the Credit Agreement shall be deemed to include the Michigan Real Property and the Michigan Real Property shall constitute Real Property Collateral under the Credit Agreement and # [Schedule E]-2 to the Credit Agreement shall be deemed to include the Michigan Real Property.

Seller does not own any Real Property.

The Sellers do not own any real property. [Schedule 5.10(a)] contains a true and correct description of all leases, licenses, permits, subleases, and occupancy agreements or arrangements, together with any amendments thereto effective as of immediately prior to the Closing (the “Real Property Leases”), with respect to all real property used, occupied or held for use in connection with the Business (the “Leased Real Property”). No Person has assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered its interest under any Real Property Lease, or subleased all or any part of the space demised thereby, or granted any right to the possession, use, occupancy or enjoyment of any Leased Real Property. No option has been exercised under any of such Real Property Leases, except options whose exercise has been evidenced by a written document, a true, complete and accurate copy of which has been delivered to the Purchaser with the corresponding Real Property Lease. None of the Sellers nor, to the Knowledge of the Sellers, any of the other parties to any of the Real Property Leases is in default under any of the Real Property Leases, and no amount due under any of the Real Property Leases remains unpaid, no controversy, claim, dispute or disagreement exists between any of the parties to any of the Real Property Leases, and no event has occurred which with the passage of time or giving of notice, or both, would constitute a default under any of the Real Property Leases.

Real Property Collateral. (i) Within ten (10) days after the acquisition of any real property consummated after the Restatement Effective Date, in each case having an individual fair market value greater than $10,000,000, owned by any Credit Party that is not subject to the existing Security Documents (as such time period may be extended by the Administrative Agent in its sole discretion) notify the Administrative Agent;

Real Property Collateral. Receipt by the Administrative Agent of Real Property Security Documents with respect to the fee interest and/or leasehold interest of any Loan Party in each real property identified as a “Mortgaged Property” on [Schedule 6.20(a)] (except to the extent subject to a post-closing undertaking pursuant to [Section 7.15]).

Real Property. The Company does not own any real property. All real property leased by the Company under any oral or written lease (each, a “Real Property Lease”) is described on [Schedule 4.13] (the “Leased Real Property”). The Company has a good and valid leasehold interest in all of the Leased Real Property, together with all buildings, improvements and fixtures thereon. The Real Property Leases are in full force and effect and constitute valid and binding agreements of the Company and, to the Knowledge of the Company, the other parties thereto in accordance with their terms.

Real Property. No Company owns any Real Estate Assets with a value in excess of

Real Property Collateral. For each of the Mortgaged Properties, a completed “Life-of-Loan” Federal Emergency Management Agency standard flood hazard determination (together with a notice about special flood hazard area status and flood disaster assistance duly executed by the applicable Loan Party) and, with respect to any Mortgaged Property on which any applicable improvement is located in a special flood hazard area, evidence of flood insurance as and to the extent required hereunder.

Real Property. No Company owns any Real Estate Assets with a value in excess of

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