Common use of Additional Mortgages, Etc Clause in Contracts

Additional Mortgages, Etc. From and after the Closing Date, in the event that (i) any Borrower or any of its Subsidiaries (other than Inactive Subsidiaries) acquires any Fee Property or any Material Leasehold (other than any Fee Property or Material Leasehold which Administrative Agent in its sole discretion affirmatively waives the requirements set forth in this subsection 6.9 with respect to such Fee Property or Material Leasehold) (each a "COVERED REAL PROPERTY ASSET") or (ii) at the time any Person becomes a Subsidiary (other than an Inactive Subsidiary) of any Borrower, such Person owns or holds any Covered Real Property Asset, such Borrower or such Subsidiary shall, as soon as practicable after the acquisition of such or such Covered Real Property Asset or such Person's becoming a Subsidiary of any Borrower, as the case may be, deliver to Administrative Agent the following:

Additional Mortgages, Etc. From and after the Closing Effective Date, in the event that (i) any Borrower or any of its Subsidiaries (other than Inactive Subsidiaries) acquires any Fee Property or any Material Leasehold (other than any Fee Property or Material Leasehold which Administrative Agent in its sole discretion affirmatively waives the requirements set forth in this subsection 6.9 with respect to such Fee Property or Material Leasehold) (each a "COVERED REAL PROPERTY ASSET") or (ii) at the time any Person becomes a Subsidiary (other than an Inactive Subsidiary) of any Borrower, such Person owns or holds any Covered Real Property Asset, such Borrower or such Subsidiary shall, as soon as practicable after the acquisition of such or such Covered Real Property Asset or such Person's becoming a Subsidiary of any Borrower, as the case may be, deliver to Administrative Agent the following: