After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereof) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).
Appears in 7 contracts
Sources: Financing Agreement (AgileThought, Inc.), Financing Agreement (AgileThought, Inc.), Financing Agreement (AgileThought, Inc.)
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “"New Facility”") with a Current Value (as defined below) in excess of $500,000 1,000,000, promptly, but in the case of a fee interest immediately any event within 5 Business Days, so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the “"Current Value”"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 45 days of such request (or such later date as agreed to in writing by the Collateral Agent in its sole discretion). The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ ' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).
Appears in 5 contracts
Sources: Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc)
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”)
(i) with a Current Value (as defined below) in excess of $500,000 1,000,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent exceeding in the aggregate $1,000,000 in the case of leasehold interest, immediately so notify the Collateral Administrative Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Administrative Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s 's waiver (pursuant to Section 7.01(l) hereof)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s 's waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Administrative Agent. The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ ' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).
Appears in 4 contracts
Sources: Financing Agreement (Mondee Holdings, Inc.), Financing Agreement (Mondee Holdings, Inc.), Financing Agreement (Mondee Holdings, Inc.)
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest 500,000, immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).
Appears in 3 contracts
Sources: Financing Agreement (Tpi Composites, Inc), Financing Agreement (Tpi Composites, Inc), Financing Agreement (Tpi Composites, Inc)
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever locatedlocated and including, for the avoidance of doubt, any freehold interest in any English real property) (each such interest being a “"New Facility”") with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest 1,000,000 immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the “"Current Value”"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person Loan Party that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 30 Business Days of such request (or such later date as agreed to in writing by the Collateral Agent in its sole discretion). The Borrower shall pay all fees and expenses, including, without limitation, reasonable reasonable, documented attorneys’ ' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).
Appears in 3 contracts
Sources: Financing Agreement, Financing Agreement, Financing Agreement (Steel Partners Holdings L.P.)
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof Effective Date of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest 250,000 (real property with such value “Material Real Property”), immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the such real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent (at the direction of the Required Lenders) shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s waiver (pursuant to Section 7.01(l) hereof) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).
Appears in 2 contracts
Sources: Financing Agreement (Unique Logistics International, Inc.), Financing Agreement (Unique Logistics International, Inc.)
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 US$600,000 in the case of a fee interest immediately so notify the Collateral AgentLenders, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent Lenders shall notify such Loan Party whether it intends they intend to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l10.1(l) hereof) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower Intermediate Holdings shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m10.1(m).
Appears in 2 contracts
Sources: Credit Agreement (AgileThought, Inc.), Credit Agreement (AgileThought, Inc.)
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”)
(i) with a Current Value (as defined below) in excess of $500,000 1,000,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent exceeding in the aggregate $1,000,000 in the case of leasehold interest, immediately so notify the Collateral Administrative Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Administrative Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s 's waiver (pursuant to Section 7.01(l) hereof)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s 's waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Administrative Agent. The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ ' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).. (n) Anti-Bribery and Corruption Laws; Anti-Money
Appears in 2 contracts
Sources: Financing Agreement (Mondee Holdings, Inc.), Financing Agreement (Mondee Holdings, Inc.)
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 1,000,000, promptly, but in the case of a fee interest immediately any event within 5 Business Days, so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “”Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 45 days of such request (or such later date as agreed to in writing by the Collateral Agent in its sole discretion). The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).
Appears in 2 contracts
Sources: Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc)
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”)
(i) with a Current Value (as defined below) in excess of $500,000 100,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent exceeding in the aggregate $60,000 in the case of leasehold interest, immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s waiver (pursuant to Section 7.01(l) hereof)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).
Appears in 1 contract
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 1,000,000, promptly, but in the case of a fee interest immediately any event within 5 Business Days, so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 45 days of such request (or such later date as agreed to in writing by the Collateral Agent in its sole discretion). The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).
Appears in 1 contract
After Acquired Real Property. Upon the acquisition by it the Company or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “"New Facility”")
(i) with a Current Value (as defined below) in excess of $500,000 100,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent exceeding in the aggregate $5,000 in the case of leasehold interest, immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s the Company's good-faith estimate of the current value of such real property (for purposes of this Section, the “"Current Value”"). The Collateral Agent shall notify such Loan Party the Company whether it intends to require a Mortgage Deed of Trust (and and/or any other Real Property Deliverables Deliverables) or landlord’s 's waiver (pursuant to Section 7.01(l) hereof) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and and/or any other Real Property Deliverables) or landlord’s 's waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower Company shall pay all fees and expenses, including, without limitation, including reasonable attorneys’ ' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s the Company's obligations under this Section 7.01(m4(s). As used herein, "Real Property Deliverables" means a lien or other collateral interest right in a New Facility.
Appears in 1 contract
Sources: Securities Purchase Agreement (Advanced Cannabis Solutions, Inc.)
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries Loan Party after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) located in the United States or otherwise (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 1,000,000 in the case of a fee interest interest, immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s waiver (pursuant to Section 7.01(l) hereof)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all reasonable and documented fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).
Appears in 1 contract
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries Loan Party after the date hereof of any fee simple interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “"New Facility”") with a Current Value (as defined below) in excess of $500,000 1,000,000, promptly, and in the case any event within 10 days of a fee interest immediately so such acquisition, notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the “"Current Value”"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility, except that Collateral Agent shall not require a Mortgage or any other Real Property Deliverables for any Facility as to which the Collateral Agent shall determine in its reasonable discretion, after consultation with the Borrower, that the costs and burdens of obtaining a security interest are excessive in relation to the value afforded thereby. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 60 days (or such longer period as the Collateral Agent may agree to in its sole discretion) after receipt of such request. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys’ ' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).
Appears in 1 contract
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”)
(i) with a Current Value (as defined below) in excess of $500,000 1,000,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent exceeding in the aggregate $1,000,000 in the case of leasehold interest, immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s 's waiver (pursuant to Section 7.01(l) hereof)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s 's waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ ' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).
Appears in 1 contract
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “"New Facility”") with a Current Value (as defined below) in excess of $500,000 [***] in the case of a fee interest interest, immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the “"Current Value”"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s 's waiver (pursuant to Section 7.01(l) hereof) with respect to such New Facility; provided, however, that no Mortgage (or any other Real Property Deliverables) shall be required in respect of any Excluded Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s 's waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys’ ' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).
Appears in 1 contract
Sources: Financing Agreement (Ascend Wellness Holdings, LLC)
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries Loan Party after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “"New Facility”") with a Current Value (as defined below) in excess of $500,000 1,000,000, promptly, but in the case of a fee interest immediately any event within five (5) Business Days, so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the “"Current Value”"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly promptly, but in any event within 45 Business Days (or such longer period as determined by the Collateral Agent in its sole discretion), furnish the same to the Collateral Agent. The Borrower Borrowers shall pay all reasonable fees and expenses, including, without limitation, reasonable and documented out-of-pocket attorneys’ ' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).
Appears in 1 contract
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”)
(i) with a Current Value (as defined below) in excess of $500,000 100,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent exceeding in the aggregate $60,000 in the case of leasehold interest, immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s waiver (pursuant to Section 7.01(l) hereof)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).. -97- 939843v.13
Appears in 1 contract
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any owned real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 750,000 (or its equivalent in other currencies), in the case of a fee interest immediately interest, promptly so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current fair market value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly promptly, but in any event not later than sixty (60) days (or such later period as agreed to by the Collateral Agent in its reasonable discretion) after receipt of such notice, furnish the same to the Collateral Agent. The Borrower shall pay all reasonable and documented out-of-pocket fees and expenses, including, without limitation, reasonable and documented out-of-pocket attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).
Appears in 1 contract
After Acquired Real Property. Upon the acquisition by it or any of its Restricted Subsidiaries after the date hereof Closing Date of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New FacilityMortgaged Property”) with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest immediately 5,000,000, so notify notify, as promptly as practicable, the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New FacilityMortgaged Property. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility 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. The Borrower shall pay all reasonable and documented out-of-pocket fees and expenses, including, without limitation, including reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m7.01(n).
Appears in 1 contract
After Acquired Real Property. Upon the acquisition by it or any of its Restricted Subsidiaries after the date hereof Closing Date of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “"New Facility”Mortgaged Property") with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest immediately 5,000,000, so notify notify, as promptly as practicable, the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the “"Current Value”"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New FacilityMortgaged Property. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility 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. The Borrower shall pay all reasonable and documented out-of-pocket fees and expenses, including, without limitation, including reasonable attorneys’ ' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m7.01(n).
Appears in 1 contract
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property or mineral interests (wherever located) (each such interest being a “New Facility”)
(i) with a Current Value (as defined below) in excess of $500,000 250,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent or royalties exceeding in the aggregate of $100,000 in the case of leasehold interest, immediately so notify the Collateral Origination Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Origination Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).
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After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 100,000 in the case of a fee interest immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereof) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).
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Sources: Senior Secured Superpriority Priming Debtor in Possession Financing Agreement (AgileThought, Inc.)
After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest 500,000, immediately so notify the Collateral AgentAgent in writing, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Sectionhereof, the “Current Value”). The Collateral Agent Required Lenders shall notify such Loan Party whether it intends they intend to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such a notice requesting a Mortgage (and and/or any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly within 30 days furnish the same to the Collateral AgentAgent and the Required Lenders, in a form reasonably satisfactory to the Required Lenders. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m6.8(f).
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