Common use of Real Property Requirements Clause in Contracts

Real Property Requirements. The Collateral Agent shall have received: (i) with respect to each Mortgage, endorsements to each Title Policy as shall be reasonably requested by the Collateral Agent to "bring-down" the status of title and to confirm that the Title Policy continues to apply to the Mortgages and the Obligations under this Agreement and the Prior Credit Agreement; and (ii) with respect to each Mortgaged Real Property, such affidavits, certificates, information (including financial data) and instruments of indemnification (including, without limitation, a so-called "gap" indemnification and no-new improvements to survey affidavits) as shall be required to induce the Title Company to issue the endorsements contemplated in subparagraph (a) above. (iii) with respect to each Mortgage, an amendment to such Mortgage, in recordable form and substance acceptable to the Administrative Agent providing, among other things, for the recognition of the amendment and restatement of this Agreement as set forth herein and the reaffirmation of the Mortgage; and (iv) evidence of payment of any and all mortgage, documentary, intangibles or similar taxes, if any, which shall be due and payable in connection with either the increase in the amount of the Obligations under this Agreement or the recording of any such Mortgage amendment referenced in clause (iii) above.

Real Property Requirements. The Collateral Agent shall have received: (i) with respect to each Mortgage, endorsements to each Title Policy as shall be reasonably requested by the Collateral Agent to "“bring-down" ” the status of title and to confirm that the Title Policy continues to apply to the Mortgages and the Obligations under this Agreement and the Prior Credit Agreement; and (ii) with respect to each Mortgaged Real Property, such affidavits, certificates, information (including financial data) and instruments of indemnification (including, without limitation, a so-called "“gap" ” indemnification and no-new improvements to survey affidavits) as shall be required to induce the Title Company to issue the endorsements contemplated in subparagraph (a) above. (iii) with respect to each Mortgage, an amendment to such Mortgage, in recordable form and substance acceptable to the Administrative Agent providing, among other things, for the recognition of the amendment and restatement of this Agreement as set forth herein and the reaffirmation of the Mortgage; and (iv) evidence of payment of any and all mortgage, documentary, intangibles or similar taxes, if any, which shall be due and payable in connection with either the increase in the amount of the Obligations under this Agreement or the recording of any such Mortgage amendment referenced in clause (iii) above.