Real Property Security Documents Clause Samples
The Real Property Security Documents clause establishes the requirement for parties to execute and deliver documents that create or perfect a security interest in real property as collateral for an obligation. In practice, this may involve signing mortgages, deeds of trust, or similar instruments, and ensuring they are properly recorded with the appropriate government office. This clause ensures that the lender or secured party has a legally enforceable claim against the real property, thereby reducing risk and providing assurance that the collateral can be accessed in the event of default.
Real Property Security Documents. Parent and Borrower shall promptly from time to time upon the request of the Majority Lenders, use commercially reasonable efforts to, subject to the receipt of any necessary landlord consents, execute and deliver such Real Property Security Documents with respect to each real Property owned or leased (as tenant) by Parent, Borrower and other Guarantors in the United States.
Real Property Security Documents. Borrower shall promptly from time to time upon the request of the Majority Lenders, use commercially reasonable efforts to, subject to the receipt of any necessary landlord consents, execute and deliver such Real Property Security Documents with respect to each real Property owned or leased (as tenant) by Borrower and Subsidiary Guarantors in the United States.
Real Property Security Documents. Within sixty (60) days following the Closing Date (or such longer period of time as agreed by the Administrative Agent in its sole discretion), the Borrower shall use commercially reasonable efforts to obtain (i) Landlord Consents with respect to (w) the lease of Athenex Pharma Solutions, LLC for property located at ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, New York 14031, (x) the lease of the Borrower for property located at Coventus Building, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ and (y) the lease of the Borrower for property located at ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ and (z) the lease of by Athenex Pharma Solutions LLC for property located at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇., ▇▇▇▇▇▇▇▇ # ▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ and (ii) Bailee Letters from (x) ▇▇▇▇▇▇ Life Science Services in respect of inventory of Athenex Pharmaceutical Division, LLC at ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ Road, Memphis, Tennessee 38141 and from the lessor of the property located ▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ and (y) Speed Global Services in respect of inventory of Athenex, Inc. located at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇., ▇▇▇▇▇▇▇▇ # ▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇.
Real Property Security Documents. The following documents, each dated as of the Closing Date (or, in the case of real property acquired subsequent to the Closing Date, dated as of the date of its acquisition), in each case as amended and in effect from time to time: (i) mortgages or deeds of trust (in form acceptable to the Lender in its reasonable discretion), (ii) a Hazardous Materials Indemnity Agreement between the Borrower and the Lender, (iii) landlord’s and tenant’s consents and estoppel agreements (in form acceptable to the Lender in its reasonable discretion), and (iv) title insurance policies (in form and with such coverages and endorsements as are acceptable to the Lender in its reasonable discretion) covering all real property owned, leased or operated by the Borrower except as otherwise consented to by the Lender.
Real Property Security Documents. The introductory sentence of Section 5.01(m) of the Existing Credit Agreement is hereby amended and restated in its entirety as follows: “The Loan Parties shall no later than October 31, 2007 deliver each of the items listed below, each in form and substance satisfactory to the Administrative Agent:”
Real Property Security Documents. Any and all documents required by the Agent in connection with any Acquisition Loan, the proceeds of which will be used to acquire an interest in real property, including without limitation, deeds of trust, assignments of rents and leases, security agreements, fixture filings, Uniform Commercial Code Financing Statements, indemnity agreements regarding hazardous materials and access laws, and collateral assignment of permits, licenses, approvals and contracts, between the Borrower and the Agent, and title, damage, and liability insurance policies, in each case as amended and in effect from time to time.
Real Property Security Documents. Within sixty (60) days of the -------------------------------- Closing Date, the Borrowers shall obtain landlord or lessor consents to the Liens in favor of Administrative Agent and the Lenders granted pursuant to the Security Documents, in form and substance satisfactory to the Administrative Agent, with respect to any real property leased by any Borrower on which real property is located Inventory with a value in excess of $1,000,000 (the locations of such real property to be set forth on Schedule 6.4(a) attached --------------- hereto). In addition, the Borrowers shall take all actions reasonably requested by the Administrative Agent or the Required Lenders to obtain such landlord or lessor consents and any other documents or certificates reasonably requested by the Administrative Agent in connection therewith and, if requested thereby, duly recording each document related thereto in such manner and in such places as are required by the law to perfect and preserve the Liens in favor of the Administrative Agent and the Lenders granted pursuant to the Security Documents.
Real Property Security Documents. Leasehold Mortgages or Deeds of Trust executed on behalf of the Borrower, as mortgagor, in favor of Agent, as mortgagee, relating to the Borrower's leasehold interest in the real properties located at:
Real Property Security Documents. Except as provided in Section 5.10(d), the Administrative Agent shall have received counterparts of a Mortgage with respect to each Mortgaged Property signed on behalf of the record owner of such Mortgaged Property, together with:
(i) signed, binding lender’s pro forma title insurance policies issued by a nationally recognized title insurance company (the "Mortgage Policies") in form and substance and in amounts (not to exceed 100% of the value thereof) reasonably satisfactory to the Administrative Agent assuring the Administrative Agent that such Mortgage is a valid and enforceable first priority mortgage on the respective Mortgaged Property, free and clear of all defects and encumbrances except as permitted by Section 6.02 or as are otherwise reasonably satisfactory to the Administrative Agent. Such Mortgage Policies shall include an endorsement insuring against the effect of any matter that the Administrative Agent may reasonably request, and shall provide for affirmative insurance and such reinsurance as the Administrative Agent may reasonably request; provided that no such endorsements or affirmative coverage shall be required if the cost thereof would be excessive to the benefit of Lenders afforded thereby (including, without limitation, zoning endorsements);
(ii) a survey of each Mortgaged Property (which may be an existing survey), certified by a licensed surveyor meeting ALTA requirements in a form sufficient to allow the issuer of the applicable title insurance policy to issue the applicable Mortgage Policy with no general survey exception and containing a survey endorsement, an access endorsement, a comprehensive endorsement and if applicable, a contiguity endorsement;
(iii) such fixture filings as the Administrative Agent may request related to the Mortgages; and
(iv) with respect to each Mortgaged Property required to be insured pursuant to the Flood Disaster Protection Act of 1973 or the National Flood Insurance Act of 1968, and the regulations promulgated thereunder, because improvements on such Mortgaged Property are located in an area which has been identified by the Secretary of Housing and Urban Development as a "special flood hazard area,"
(i) a policy of flood insurance that (A) covers such improvements and (B) is written in an amount reasonably satisfactory to the Administrative Agent (not to exceed 100% of the value of such improvements) and (ii) a confirmation that the applicable Loan Party has received the notice requested pursuant...
Real Property Security Documents. Within sixty (60) days following the Closing Date (or such longer period of time as agreed by the Administrative Agent in its sole discretion), the Borrower shall use commercially reasonable efforts to obtain (i) Landlord Consents with respect to (x) the lease of Athenex Pharma Solutions, LLC for property located at ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ and (y) the lease of the Borrower for property located at Coventus Building, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ and (ii) a Bailee Letter from ▇▇▇▇▇▇ Life Science Services in respect of inventory of Athenex Pharmaceutical Division, LLC at ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ Road, Memphis, Tennessee 38141.