Common use of Concerning the Collateral Clause in Contracts

Concerning the Collateral. (i) On each Funding Date, Collateral Agent shall have received (or shall hold from prior closings) a broker's report and current insurance certificate confirming the insurance coverages on the Collateral which are required by the terms of the Collateral Documents. (ii) On the first Funding Date, Borrower shall have obtained from each Person with any interest in the real property and/or the improvements thereon at each Designated Location (whether as fee owner, landlord, tenant, ground lessor, mortgagee, leasehold mortgagee, beneficiary of deed of trust, beneficiary of leasehold deed of trust or otherwise), a waiver of any and all right or interest that such Person may otherwise have in the Pledged Spare Parts and such Person's consent, if applicable, to access by the Collateral Agent, and/or any Lender or any representative of any of them to the premises in connection with the exercise of any rights or remedies under or pursuant to the Spare Parts Mortgage and Security Agreement (in each case, in form and substance satisfactory to the Collateral Agent).