Common use of New Property Clause in Contracts

New Property. Within 30 days after the Borrower or any other Consolidated Company acquires real property or enters into a long-term lease for real property, the Borrower will, and will cause each of the other Consolidated Companies to, notify the Administrative Agent of such new real property or lease and shall provide the Administrative Agent with copies of any and all related purchase agreements, leases and other documentation evidencing such new real property or lease; and

Appears in 2 contracts

Sources: Credit Agreement (Intermet Corp), Credit Agreement (Ironton Iron Inc)