Common use of After Acquired Real Property Clause in Contracts

After Acquired Real Property. If a Borrower hereafter acquires any Real Property, fixtures or any other property that is of the kind or nature described in the Mortgages and such Real Property, fixtures or other property at any one location has a fair market value in an amount equal to or greater than $50,000, individually, or $250,000, in the aggregate together with all other such Real Property or other property of Borrowers not subject to a Mortgage (or if a Default or Event of Default exists, then regardless of the fair market value of such assets), without limiting any other rights of Lender, or duties or obligations of such Borrower, upon Lender's request, such Borrower shall execute and deliver to Lender a mortgage, deed of trust or deed to secure debt, as Lender may determine, in form and substance substantially similar to the Mortgages and as to any provisions relating to specific state laws satisfactory to Lender and in form appropriate for recording in the real estate records of the jurisdiction in which such Real Property or other property is located granting to Lender a first and only lien and mortgage on and security interest in such Real Property, fixtures or other property (except as such Borrower would otherwise be permitted to incur hereunder or under the Mortgages or as otherwise consented to in writing by Lender) and such other agreements, documents and instruments as Lender may require in connection therewith.

After Acquired Real Property. If a any Borrower hereafter acquires any ----------------------------- Real Property, fixtures or any other property that is of the kind or nature described in the Mortgages Mortgage and such Real Property, fixtures or other property at any one location has a fair market value in an amount equal to or greater than $50,000, individually, or $250,000, in the aggregate together with all other such Real Property or other property of Borrowers not subject to a Mortgage 500,000 (or if a Default an Event of Default, or act, condition or event which with notice or passage of time or both would constitute an Event of Default exists, then regardless of the fair market value of such assets), without limiting any other rights of Lender, or duties or obligations of such any Borrower, upon Lender's request, such Borrower shall execute and deliver to Lender a mortgage, deed of trust or deed to secure debt, as Lender may determine, in form and substance substantially similar to the Mortgages and as to any provisions relating to specific state laws satisfactory to Lender and in form appropriate for recording in the real estate records of the jurisdiction in which such Real Property or other property is located granting to Lender a first and only lien and mortgage on and security interest in such Real Property, fixtures or other property (except as such Borrower would otherwise be permitted to incur hereunder or under the Mortgages or as otherwise consented to in writing by Lender) and such other agreements, documents and instruments as Lender may require in connection therewith.

After Acquired Real Property. If a Borrower or any Subsidiary of Borrower (other than NewCo) hereafter acquires any Real Property, fixtures or any other property that is of the kind or nature described in the Mortgages Mortgage and such Real Property, fixtures or other property at any one location has a fair market value in an amount equal to or greater than $50,000, individually, or $250,000, in the aggregate together with all other such Real Property or other property of Borrowers not subject to a Mortgage 100,000 (or if a Default or an Event of Default exists, then regardless of the fair market value of such assets), without limiting any other rights of Lender, or duties or obligations of such Borrower, upon Lender's request, such Borrower shall execute and deliver deliver, or shall cause such Subsidiary to Lender execute and deliver, to Lender, a mortgage, deed of trust or deed to secure debt, as Lender may determine, in form and substance substantially similar to the Mortgages Mortgage and as to any provisions relating to specific state laws satisfactory to Lender and in form appropriate for recording in the real estate records of the jurisdiction in which such Real Property or other property is located granting to Lender a first and only lien and mortgage on and security interest in such Real Property, fixtures or other property (except as such Borrower would otherwise be permitted to incur hereunder or under the Mortgages Mortgage or as otherwise consented to in writing by Lender) and such other agreements, documents and instruments as Lender lender may require in connection therewith.

After Acquired Real Property. If a Borrower hereafter acquires any Real Property, fixtures or any other property that is of the kind or nature described in the Mortgages and such Real Property, fixtures or other property at any one location has a fair market value in an amount equal to or greater than $50,000, individually, or $250,000, in the aggregate together with all other such Real Property or other property of Borrowers not subject to a Mortgage 1,000,000 (or if a Default an Event of Default, or act, condition or event which with notice or passage of time or both would constitute an Event of Default exists, then regardless of the fair market value of such assets), without limiting any other rights of Lender, or duties or obligations of such Borrower, upon Lender's request, such Borrower shall execute and deliver to Lender a mortgage, deed of trust or deed to secure debt, as Lender may determine, in form and substance substantially similar to the Mortgages and as to any provisions relating to specific state laws satisfactory to Lender and in form appropriate for recording in the real estate records of the jurisdiction in which such Real Property or other property is located granting to Lender a first and only lien and mortgage on and security interest in such Real Property, fixtures or other property (except as such Borrower would otherwise be permitted to incur hereunder or under the Mortgages or as otherwise consented to in writing by Lender) and such other agreements, documents and instruments as Lender may require in connection therewith.

After Acquired Real Property. If a Borrower hereafter acquires any Real Property, fixtures or any other property that is of the kind or nature described in the Mortgages and such Real Property, fixtures or other property is adjacent to, contiguous with or necessary or related to or used in connection with any Real Property then subject to a Mortgage, or if such Real Property is not adjacent to, contiguous with or related to or used in connection with such Real Property, then if such Real Property, fixtures or other property at any one location (or series of adjacent, contiguous or related locations, and regardless of the number of parcels) has a fair market value in an amount equal to or greater than $50,000, individually, or $250,000, in the aggregate together with all other such Real Property or other property of Borrowers not subject to a Mortgage 100,000 (or if a Default or Event of Default exists, then regardless of the fair market value of such assets), without limiting any other rights of Agent or any Lender, or duties or obligations of such Borrower, promptly upon Lender's Agent’s request, such Borrower shall execute and deliver to Lender Agent a mortgage, deed of trust or deed to secure debt, as Lender Agent may determine, in form and substance substantially similar to the Mortgages and as to any provisions relating to specific state laws satisfactory to Lender Agent and in form appropriate for recording in the real estate records of the jurisdiction in which such Real Property or other property is located granting to Lender Agent a first and only lien and mortgage on and security interest in such Real Property, fixtures or other property (except as such Borrower would otherwise be permitted to incur hereunder or under the Mortgages or as otherwise consented to in writing by LenderAgent) and such other agreements, documents and instruments as Lender Agent may require in connection therewith.

After Acquired Real Property. If a Borrower hereafter acquires any title to the Real Property, fixtures or any other property that is of the kind or nature described in the Mortgages and such Real Property, fixtures or other property at any one location has a fair market value in an amount equal to or greater than Fifty Thousand Dollars ($50,000, individually, or $250,000, in the aggregate together with all other such Real Property or other property of Borrowers not subject to a Mortgage ) (or if a Default or an Event of Default existshas occurred and is continuing, then regardless of the fair market value of such assets), without limiting any other rights of Lender, or duties or obligations of such Borrower, upon Lender's request, such Borrower shall execute and deliver to Lender a mortgage, deed of trust or deed to secure debt, as Lender may determine, in form and substance substantially similar to the Mortgages and as to any provisions relating to specific state laws satisfactory to Lender and in form appropriate for recording in the real estate records of the jurisdiction in which such Real Property or other property is located granting to Lender a first and only lien and mortgage on and security interest in such Real Property, fixtures or other property (except as such Borrower would otherwise be permitted to incur hereunder or under the Mortgages or as otherwise consented to in writing by Lender) and such other agreements, documents and instruments as Lender may require in connection therewith.

After Acquired Real Property. If a Parent, Borrower or any Restricted Subsidiary hereafter acquires any owned Real Property, fixtures or any other property that is of the kind or nature described in the Mortgages and such owned Real Property, fixtures or other property at any one location has a fair market value in an amount equal to or greater than $50,000, individually, or $250,000, in the aggregate together with all other such Real Property or other property of Borrowers not subject to a Mortgage 5,000,000 (or if a Default or Event of Default exists, then regardless of the fair market value of such assets), without limiting any other rights of LenderAgent and Lenders, or duties or obligations of such BorrowerBorrower or any Restricted Subsidiary, upon LenderAgent's request, such Borrower shall, and shall cause Parent and each Restricted Subsidiary to, shall execute and deliver to Lender Agent a mortgage, deed of trust or deed to secure debt, as Lender Agent may determine, in form and substance substantially similar to the Mortgages and as to any provisions relating to specific state laws satisfactory to Lender Agent and in form appropriate for recording in the real estate records of the jurisdiction in which such owned Real Property or other property is located granting to Lender Agent a first and only lien and mortgage on and security interest in such Real Property, fixtures or other property (except as such Borrower would otherwise be permitted to incur hereunder or under the Mortgages or as otherwise consented to in writing by LenderAgent) and such other agreements, documents and instruments as Lender Agent may reasonably require in connection therewith.

After Acquired Real Property. If a any Borrower hereafter acquires any owned Real Property, fixtures or any other property that is of the kind or nature described in the Mortgages and such Real Property, fixtures or other property is adjacent to, contiguous with or necessary or related to or used in connection with any Real Property then subject to a mortgage, deed of trust or deed to secure debt, in favor of Lender pursuant to the terms hereof, or if such Real Property is not adjacent to, contiguous with or related to or used in connection with such Real Property, then if such owned Real Property, fixtures or other property at any one location (or series of adjacent, contiguous or related locations, and regardless of the number of parcels) has a fair market value in an amount equal to or greater than $50,000, individually, or $250,000, in the aggregate together with all other such Real Property or other property of Borrowers not subject to a Mortgage 5,000,000 (or if a Default or an Event of Default existsexists and Lender so requests, then regardless of the fair market value of such assets), without limiting any other rights of Lender, or duties or obligations of such any Borrower, promptly upon Lender's request, such Borrower shall execute and deliver to Lender a mortgage, deed of trust or deed to secure debt, as Lender may determine, in form and substance substantially similar to the Mortgages substance, and as to any provisions relating to specific state laws laws, reasonably satisfactory to Lender and in form appropriate for recording in the real estate records of the jurisdiction in which such Real Property or other property is located granting to Lender a first and only lien and mortgage on and security interest in such Real Property, fixtures or other property (except as such Borrower would otherwise be permitted to incur hereunder or under the Mortgages or as otherwise consented to in writing by Lender) and such other agreements, documents and instruments as Lender may reasonably require in connection therewith.

After Acquired Real Property. If a any Borrower hereafter acquires any Real Property, fixtures or any other property that is of the kind or nature described in the Mortgages and such Real Property, fixtures or other property is adjacent to, contiguous with or necessary or related to or used in connection with any Real Property then subject to a Mortgage, or if such Real Property is not adjacent to, contiguous with or related to or used in connection with such Real Property, then if such Real Property, fixtures or other property at any one location (or series of adjacent, contiguous or related locations, and regardless of the number of parcels) has a fair market value in an amount equal to or greater than $50,000, individually, or $250,000, in the aggregate together with all other such Real Property or other property of Borrowers not subject to a Mortgage 300,000 (or if a Default or Event of Default exists, then regardless of the fair market value of such assets), without limiting any other rights of Agent or any Lender, or duties or obligations of such any Borrower, promptly upon LenderAgent's request, such Borrower shall execute and deliver to Lender Agent a mortgage, deed of trust or deed to secure debt, as Lender Agent may determine, in form and substance substantially similar to the Mortgages and as to any provisions relating to specific state laws satisfactory to Lender Agent and in form appropriate for recording in the real estate records of the jurisdiction in which such Real Property or other property is located granting to Lender Agent a first and only lien and mortgage on and security interest in such Real Property, fixtures or other property (except as such Borrower would otherwise be permitted to incur hereunder or under the Mortgages or as otherwise consented to in writing by LenderAgent) and such other agreements, documents and instruments as Lender Agent may require in connection therewith.

After Acquired Real Property. If a any Borrower hereafter acquires any Real Property, fixtures or any other property that is of the kind or nature described in the Mortgages and such Real Property, fixtures or other property at any one location has a fair market value in an amount equal to or greater than $50,000, individually, or $250,000, in the aggregate together with all other such Real Property or other property of Borrowers not subject to a Mortgage 500,000 (or if a Default an Event of Default, or act, condition or event which with notice or passage of time or both would constitute an Event of Default exists, then regardless of the fair market value of such assets), without limiting any other rights of Lender, or duties or obligations of such Borrower, upon Lender's request, such Borrower shall execute and deliver to Lender a mortgage, deed of trust or deed to secure debt, as Lender may determine, in form and substance substantially similar to the Mortgages and as to any provisions relating to specific state laws satisfactory to Lender and in form appropriate for recording in the real estate records of the jurisdiction in which such Real Property or other property is located granting to Lender a first and only priority lien and mortgage on and security interest in such Real Property, fixtures or other property (except subject only to such liens and encumbrances as such Borrower would otherwise be permitted to incur hereunder or under the Mortgages or as otherwise consented to in writing by Lender) and such other agreements, documents and instruments as Lender may require in connection therewith.

After Acquired Real Property. If a Borrower hereafter acquires any Real Property, fixtures or any other property that is of the kind or nature described in the Mortgages and such Real Property, fixtures or other property at any one location has a fair market value in an amount equal to or greater than $50,000, individually, or $250,000, in the aggregate together with all other such Real Property or other property of Borrowers not subject to a Mortgage 1,000,000 (or if a Default an Event of Default, or act, condition or event which with notice or passage of time or both would constitute an Event of Default exists, then regardless of the fair market value of such assets), without limiting any other rights of Lender, or duties or obligations of such Borrower, upon Lender's request, such Borrower shall execute and deliver to Lender a mortgage, deed of trust or deed to secure debt, as Lender may determine, in form and substance substantially similar to the Mortgages and as to any provisions relating to specific state laws satisfactory to Lender and in form appropriate for recording in the real estate records of the jurisdiction in which such Real Property or other property is located granting to Lender a first and only lien and mortgage on and security interest in such Real Property, fixtures or other property (except as such Borrower would otherwise be permitted to incur hereunder or under the Mortgages or as otherwise consented to in writing by Lender) and such other agreements, documents and instruments as Lender may require in connection therewith.