Acquired Property Clause Samples

Acquired Property. The Company agrees to comply with all Obligations set forth in any Collateral Document relating to Acquired Property unless (subject in any event to Section 7.5 hereof), in the opinion of the Company, complying with the Obligations pursuant to such Collateral Documents would not be in the best interest (in terms of maximizing the value of the Asset) of the Company and the Initial Member. Pursuant to the provisions of Section 3.1 hereof, the Transferor may require the Company to prepare and furnish Receiver’s Deeds, Omnibus Property Assignments, Receiver’s Quitclaim Deeds and other applicable Transfer Documents, for the Transferor’s approval, to convey the Receiver Acquired Property to an Ownership Entity.

Acquired Property. If Debtor shall at any time after the date hereof (a) obtain any rights to any additional Collateral or (b) become entitled to the benefit of any additional Collateral or any renewal or extension thereof, including any reissue, division, continuation, or continuation-in-part of any Collateral, or any improvement on any Collateral, the provisions hereof shall automatically apply thereto and any such item enumerated in the preceding clause (a) or (b) shall automatically constitute Collateral as if such would have constituted Collateral at the time of execution hereof and be subject to the lien and security interest created by this Agreement without further action by any party. Debtor shall promptly provide to Secured Party written notice of any of the foregoing and confirm the attachment of the lien and security interest created by this Agreement to any rights described in clauses (a) and (b) above by execution of an instrument in form reasonably acceptable to Secured Party and the filing of any instruments or statements as shall be reasonably necessary to create, preserve, protect or perfect Secured Party's security interest in such Collateral. Further, Debtor authorizes Secured Party to modify this Agreement by amending Schedule A hereto to include any Collateral of Debtor acquired or arising after the date hereof.

Acquired Property. All appraisers shall have a minimum of ten (10) years’ experience in appraising property similar to, and in the area of, the Acquired Property, and shall be MAI certified.

Acquired Property. For all purposes of the Operative Documents, any purchase, sale, replacement, substitution or return of any Unit or Units shall include the other Acquired Property which relates thereto.

Acquired Property. Subject to the terms and conditions of this Agreement, at the Closing (as hereinafter defined), Buyer, in reliance upon the covenants, representations, warranties and agreements of the Group Members contained herein or made pursuant hereto, will acquire from Seller, and Seller, in reliance upon the covenants, representations, warranties and agreements of Buyer and IHS contained herein or made pursuant hereto, will sell, assign, transfer and convey, free and clear of all Encumbrances (as such term is hereinafter defined in Section 5.6), other than Permitted Encumbrances (as such term is hereinafter defined in Section 5.8) to Buyer, all of Seller's rights, title and interest, if any, in and to the following property (collectively, the "PROPERTY"): (A) the real property described on Schedule 1.1 (a) attached hereto (the "LAND"); (B) all buildings, structures, Fixtures (as hereinafter defined) and other improvements of every kind and nature including, but not limited to, alleyways and connecting tunnels, sidewalks, utility pipes, conduits and lines (on-site and off-site), and parking areas and roadways appurtenant to such buildings and structures presently or hereafter situated upon the Land (collectively, the "IMPROVEMENTS"); (C) all easements, rights of way, licenses, leases, permits, rights, privileges, tenements, hereditaments and uses appurtenant or applicable to the Land, the Improvements, or the ownership or operation of the Facility, including, but not limited to, the entire rights, title and interest of Seller in and to any land lying in the bed of any and all public and private streets, roads, avenues, highways or passageways, open or proposed, in front of or abutting the Land (collectively, the "RIGHTS"); (D) all permanently affixed equipment, machinery, fixtures, and other items of property, including all components thereof, now or hereafter located in, on or used in connection with, and permanently affixed to or incorporated into the Improvements, including, without limitation, all furnaces, boilers, heaters, electrical equipment, heating, plumbing, lighting, ventilating, refrigerating, incineration, air and water pollution control, waste disposal, air-cooling and air-conditioning systems and apparatus, sprinkler systems and fire and theft protection equipment, and built-in oxygen and vacuum systems, all of which, to the greatest extent permitted by law, are hereby deemed by the parties hereto to constitute real property, together with all replace...

Acquired Property. Upon the acquisition of any property used in or relating to the business of Borrower, Borrower shall take all actions reasonably required by Lender to cause such property to become part of the Collateral for the Loan, including, but not limited to, the execution of all documents reasonably required by the Lender.

Acquired Property. The parties hereto acknowledge that the Borrower Representative has notified the Administrative Agent and the Lenders that a Loan Party has acquired or will acquire residential real property located in Thousand Oaks, California and improvements and fixtures thereon (the “Acquired Property”) in connection with an employee’s relocation. The Administrative Agent and the Lenders hereby agree that they will not require the Loan Parties to cause the Acquired Property to be subjected to a Lien securing the Secured Obligations or to take any action to grant or perfect Liens on the Acquired Property (other than to the extent a Lien on the Acquired Property is perfected by the UCC Financing Statements previously filed against the Loan Parties), and hereby waive any and all rights to do so under Section 5.12 of the Credit Agreement or otherwise.

Acquired Property. A Subject Property acquired by Purchaser under the terms of this Agreement.

Acquired Property. Promptly following the acquisition by the Company or any Guarantor of any After-Acquired Property, the Company or such Guarantor shall promptly execute and deliver such mortgages, deeds of trust, security instruments, financing statements and certificates and Opinions of Counsel as shall be reasonably necessary to vest in the Collateral Agent, for the benefit of the Second Lien Secured Parties, a perfected second priority security interest in such After-Acquired Property and to have such After-Acquired Property added to the Collateral and thereupon all provisions of the indenture relating to the Collateral shall be deemed to relate to such After-Acquired Property to the same extent and with the same force and effect.