Common use of Additional Mortgages, Etc Clause in Contracts

Additional Mortgages, Etc. From and after the Closing Date, in the event that (i) Company or any Subsidiary Guarantor acquires any fee interest in real property having a fair market value in excess of $1 million or any Material Leasehold Property or (ii) at the time any Person becomes a Subsidiary Guarantor, such Person owns or holds any fee interest in real property or any Material Leasehold Property, in either case excluding any such Real Property Asset the encumbrancing of which requires the consent of any applicable lessor or (in the case of clause (ii) above) then-existing senior lienholder, where Company and its Subsidiaries are unable to obtain such lessor's or senior lienholder's consent or (iii) Company or any Subsidiary Guarantor acquires a leasehold interest in the property presently occupied by Company or any Subsidiary and located at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ (any such non-excluded Real Property Asset described in the foregoing clause (i) or (ii) or (iii) being an "ADDITIONAL MORTGAGED PROPERTY"), Company or such Subsidiary Guarantor shall deliver to Administrative Agent, as soon as practicable after such Person acquires such Additional Mortgaged Property or becomes a Subsidiary Guarantor, as the case may be, the following: o ADDITIONAL MORTGAGE. A fully executed and notarized Mortgage (an "ADDITIONAL MORTGAGE"), duly recorded in all appropriate places in all applicable jurisdictions, encumbering the interest of such Loan Party in such Additional Mortgaged Property;

Additional Mortgages, Etc. From and after the Closing Date, in the event that (i) the Company or any of its Subsidiaries (other than Excluded Foreign Subsidiaries and Foreign Subsidiaries which are not required to be Foreign Subsidiary Guarantor Guarantors hereunder) acquires any fee interest in real property, (ii) the Company or any of its Subsidiaries (other than Excluded Foreign Subsidiaries and Foreign Subsidiaries which are not required to be Foreign Subsidiary Guarantors hereunder) acquires any leasehold interest in any real property having a fair market (other than any leased real property (a) with respect to which the aggregate payments under the term of the lease are less than $250,000 per annum, (b) that does not contain any financial records not contained elsewhere, (c) that does not have any personal property located thereon with an aggregate value in excess of $1 million 1,000,000 and (d) that is not otherwise material to the operation of the business of the Company or any Material Leasehold Property of its Subsidiaries (each such property meeting all of the foregoing requirements being an "Excluded Leased Asset"), or (iiiii) at the time any Person becomes a Subsidiary Guarantor, such Person owns or holds any fee interest in real property or any Material Leasehold Property, in either case excluding any such Real Property Asset the encumbrancing of which requires the consent of any applicable lessor or (in the case of clause (ii) above) then-existing senior lienholder, where Company and its Subsidiaries are unable to obtain such lessor's or senior lienholder's consent or (iii) Company or any Subsidiary Guarantor acquires a leasehold interest in the real property presently occupied by Company or any Subsidiary and located at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ (other than an Excluded Leased Asset) (any such non-excluded Real Property Asset real property asset described in the foregoing clause clauses (i) or ), (ii) or (iii) being an "ADDITIONAL MORTGAGED PROPERTYAdditional Mortgaged Property"), the Company or such Subsidiary Guarantor shall deliver to Administrative the Collateral Agent, as soon as practicable after such Person acquires such Additional Mortgaged Property or becomes a Subsidiary Guarantor, as the case may be, the following: o ADDITIONAL MORTGAGE. A fully executed and notarized Mortgage (an "ADDITIONAL MORTGAGE"), duly recorded in all appropriate places in all applicable jurisdictions, encumbering the interest of such Loan Party in such Additional Mortgaged Property;: