Common use of Matters Relating to Additional Real Property Collateral Clause in Contracts

Matters Relating to Additional Real Property Collateral. (a) Additional Mortgages, Etc. From and after the Closing Date, in the event that (i) any Principal Company or any Grantor acquires any Real Property Asset located in the United States, Canada or Ireland in fee interest or (ii) at the time any Person becomes a Grantor, such Person owns or holds any Real Property Asset located in the United States, Canada or Ireland in fee interest, in the case of clause (ii) above excluding any such Real Property Asset the encumbrancing of which requires the consent of any then-existing senior lienholder, where such Principal Company and its Subsidiaries have attempted in good faith, but are unable, to obtain such senior lienholder’s consent (any such non-excluded Real Property Asset described in the foregoing clause (i) or (ii) being an “Additional Mortgaged Property”), such Principal Company or such Grantor will deliver to the Lenders and the Collateral Agent, as soon as practicable after such Person acquires such Additional Mortgaged Property or becomes a Grantor, as the case may be, a fully executed and notarized Mortgage (an “Additional Mortgage”), in proper form for recording in all appropriate places in all applicable jurisdictions, encumbering the interest of such Loan Party in such Additional Mortgaged Property; and such opinions, appraisal, documents, title insurance, environmental reports as may be reasonably required by the Collateral Agent.