Common use of Future Real Property Clause in Contracts

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.