Future Real Property Sample Clauses
The 'Future Real Property' clause defines how rights or interests in real estate that may be acquired or developed in the future are addressed within an agreement. Typically, this clause specifies whether such future properties will be included under the terms of the contract, such as in a lease, purchase agreement, or development deal, and may outline procedures for notification or inclusion of these properties. Its core function is to ensure that both parties have clarity and agreement regarding the treatment of real property that does not yet exist or is not yet owned at the time of signing, thereby preventing disputes over future acquisitions or developments.
Future Real Property. Promptly following its acquisition of any fee simple real property, execute and deliver to the Administrative Agent a deed of trust or mortgage in form and substance acceptable to the Administrative Agent creating a first priority Lien on such real property securing the Obligations, and provide to the Administrative Agent such customary lender's title insurance policies, appraisals, environmental reports and other related documents as the Administrative Agent may reasonably request.
Future Real Property. The Company will, and will cause each Restricted Subsidiary to, promptly following the acquisition of any fee simple property, provide written notice thereof to the holders of the Notes and execute and deliver to the Collateral Agent a Mortgage in form and substance satisfactory to the Collateral Agent, creating a first priority Lien on such Property (including fixtures) in favor of the Collateral Agent, subject to no Liens, except to the extent permitted by Section 8.17(a), and provide to the Collateral Agent such customary lender's title insurance policies, environmental reports and other related documents as the Collateral Agent or the Majority Holders may reasonably request.
Future Real Property. Promptly following its acquisition of any fee simple real property, execute and deliver to Lender a deed of trust or mortgage in form and substance acceptable to Lender creating a first priority Lien on such real property securing the Obligations, and provide to the Lender such customary lender's title insurance policies, appraisals, environmental reports and other related documents as Lender may reasonably request.
Future Real Property. (a) Each Chargor shall immediately notify the Common Security Agent of any contract, conveyance, transfer or other disposition for the acquisition by it (or its nominee) of any Real Property.
(b) In respect of any estate or interest in any Real Property acquired by any Chargor after the date of this Deed, that Chargor shall (at its own cost):
(i) immediately following the acquisition, execute and deliver, or procure that there is executed and delivered, to the Common Security Agent one of the following:
(A) if that estate or interest relates to Real Property in England and Wales, a first legal mortgage of that Real Property in favour of the Common Security Agent, in the form required by the Common Security Agent, that is supplemental to, and on the terms and conditions of, this Deed; or
(B) if that estate or interest relates to Real Property outside England and Wales, an instrument appropriate to create a security interest equivalent to that set out in paragraph (A) above in that jurisdiction in respect of that Real Property in favour of the Common Security Agent, containing such terms and conditions as the Common Security Agent may require, in each case, to secure the payment and discharge of the Secured Obligations (and, pending the execution of any such instrument, that Chargor shall hold all its estate and interest in that Real Property on trust for the Common Security Agent, as security for the Secured Obligations);
(ii) if title to that estate or interest is (either before or after the acquisition) registered or required to be registered under the LRA 2002, within five Business Days after the acquisition:
(A) duly register its acquisition of that Real Property at the Land Registry;
(B) as part of the application to the Land Registry referred to in paragraph (A) above, make a due application (or procure that such an application is made) to register the first legal mortgage created in accordance with paragraph (b)(i)(A) above and to enter a restriction and a notice on the relevant registers of title in accordance with paragraph (a) of Clause 10.8 (Land Registry and perfection) or otherwise as required by the Common Security Agent; and
(C) immediately following the completion of the Land Registry application referred to in paragraphs (A) and (B) above, notify the Common Security Agent of the same and supply updated official copies of the relevant registers of title to the Common Security Agent or as the Common Security Agent may otherwise direct; and
(i...
Future Real Property. In the case of the Company's future Real Property in England and Wales, the Company shall:
5.3.1 promptly apply to H.M. Land Registry for first registration of the title to that Real Property and/or registration of the Company as proprietor of that Real Property and notify the Collateral Agent of its title number and
5.3.2 request the Chief Land Registrar to register in relation to that Real Property notice of all Charges.
Future Real Property. In the case of a Chargor’s future Real Property in England and Wales, that Chargor shall:
(a) promptly apply to the Land Registry for first registration of that Real Property (where that Real Property is not already registered at the Land Registry) and registration of that Chargor as proprietor of that Real Property;
(b) promptly apply to the Land Registry to register the first fixed equitable charge created by paragraph (b) of Clause 3.1 (Guarantor fixed charges);
(c) promptly apply to the Land Registry requesting a restriction in the following form to be entered on the register of the title to that Real Property in respect of the Charge created by paragraph (b) of Clause 3.1 (Guarantor fixed charges): "No disposition of the registered estate by the proprietor of the registered estate is to be registered without a written consent signed by the proprietor for the time being of the security agreement dated [●] in favour of [●] referred to in the charges register or their conveyancer (Standard Form P)”;
(d) promptly pay all appropriate registration fees; and
(e) do any other act required of it in respect of granting Security over that Real Property, or, if the Security Trustee gives notice to that Chargor that the Security Trustee will submit the relevant forms to the Land Registry, that Chargor shall promptly provide the Security Trustee with all duly completed forms reasonably requested by the Security Trustee and all appropriate registration fees. If the consent of the landlord in whom the reversion of a lease is vested is required for the Chargor to execute a legal mortgage over it, the Chargor will not be required to perform that obligation unless and until it has obtained the landlord's consent. The Chargor must use its reasonable endeavours to obtain the landlord's consent.
Future Real Property. 45 5.13 Year 2000 Compliance..............................................45
Future Real Property. The Company shall, if it or the Owner Lessor shall at any time acquire any real property or leasehold or other interest in real property related to the Facility or the Site that is not covered by the Indenture, promptly upon such acquisition (or on the Construction Closing Date, if such acquisition occurred prior thereto) execute, deliver and record a supplement to the Indenture, reasonably satisfactory in form and substance to the Indenture Trustee, subjecting such real property or leasehold or other interest to the Lien and security interest created by the Indenture.
Future Real Property. 48 5.13 Year 2000 Compliance......................................................48 5.14 Syndication Process.......................................................48
Future Real Property. 61 5.13 Year 2000 Compliance..........................................................61 5.14 Security Interest in Property of Foreign Subsidiaries ........................62 5.15 Syndication Process...........................................................62