Common use of Additional Real Property Clause in Contracts

Additional Real Property. Upon the acquisition by any Borrower after the Amendment Effective Date of any Real Property (other than TIF Real Property), promptly provide to the Administrative Agent such deeds of trust in the form of the Deed of Trust (Fee) and/or Deed of Trust (Leasehold), as applicable, covering such Real Property, together with such appraisals, title insurance policies and environmental reports as the Administrative Agent or Requisite Lenders may reasonably request. Upon the acquisition after the Amendment Effective Date of any TIF Real Property, St. ▇▇▇▇▇▇▇ shall promptly (a) use its best efforts to obtain any necessary approvals of the relevant Governmental Agency and (b) subject to such approvals, provide to the Administrative Agent such deeds of trust in the form of the Deed of Trust (Fee) covering such Real Property, together with such appraisals, title insurance policies and environmental reports as the Administrative Agent or the Requisite Lenders may reasonably request; provided that (i) the Obligations secured by such a deed of trust on a particular parcel of TIF Property shall not exceed the acquisition cost to St. ▇▇▇▇▇▇▇ for such parcel and (ii) St. ▇▇▇▇▇▇▇ need not so provide such a deed of trust with respect to any parcel of TIF Real Property if the acquisition cost thereof to St. ▇▇▇▇▇▇▇, when aggregated with the acquisition costs of all other parcels of TIF Real Property previously acquired by St. ▇▇▇▇▇▇▇ and not covered by a Deed of Trust theretofore provided to the Administrative Agent, is less than $5,000,000.

Additional Real Property. Upon the acquisition by any Borrower after the Amendment Effective Date of any Real Property (other than OTHER THAN TIF Real Property), promptly provide to the Administrative Agent such deeds of trust in the form of the Deed of Trust (Fee) and/or Deed of Trust (Leasehold), as applicable, covering such Real Property, together with such appraisals, title insurance policies and environmental reports as the Administrative Agent or Requisite Lenders may reasonably request. Upon the acquisition after the Amendment Effective Date of any TIF Real Property, St. ▇▇▇▇▇▇▇ shall promptly (a) use its best efforts to obtain any necessary approvals of the relevant Governmental Agency and (b) subject to such approvals, provide to the Administrative Agent such deeds of trust in the form of the Deed of Trust (Fee) covering such Real Property, together with such appraisals, title insurance policies and environmental reports as the Administrative Agent or the Requisite Lenders may reasonably request; provided PROVIDED that (i) the Obligations secured by such a deed of trust on a particular parcel of TIF Property shall not exceed the acquisition cost to St. ▇▇▇▇▇▇▇ for such parcel and (ii) St. ▇▇▇▇▇▇▇ need not so provide such a deed of trust with respect to any parcel of TIF Real Property if the acquisition cost thereof to St. ▇▇▇▇▇▇▇, when aggregated with the acquisition costs of all other parcels of TIF Real Property previously acquired by St. ▇▇▇▇▇▇▇ and not covered by a Deed of Trust theretofore provided to the Administrative Agent, is less than $5,000,000.

Additional Real Property. Upon the acquisition by any Borrower after the Amendment Effective Closing Date of any Real Property (other than OTHER THAN TIF Real Property), promptly provide to the Administrative Agent such deeds of trust in the form of the Deed of Trust (Fee) and/or Deed of Trust (Leasehold), as applicable, covering such Real Property, together with such appraisals, title insurance policies and environmental reports as the Administrative Agent or Requisite Lenders may reasonably request. Upon the acquisition after the Amendment Effective Closing Date of any TIF Real Property, St. ▇▇▇▇▇▇▇ shall promptly (a) use its best efforts to obtain any necessary approvals of the relevant Governmental Agency and (b) subject to such approvals, provide to the Administrative Agent such deeds of trust in the form of the Deed of Trust (Fee) covering such Real Property, together with such appraisals, title insurance policies and environmental reports as the Administrative Agent or the Requisite Lenders may reasonably request; provided PROVIDED that (i) the Obligations secured by such a deed of trust on a particular parcel of TIF Property shall not exceed the acquisition cost to St. ▇▇▇▇▇▇▇ for such parcel and (ii) St. ▇▇▇▇▇▇▇ need not so provide such a deed of trust with respect to any parcel of TIF Real Property if the acquisition cost thereof to St. ▇▇▇▇▇▇▇, when aggregated with the acquisition costs of all other parcels of TIF Real Property previously acquired by St. ▇▇▇▇▇▇▇ and not covered by a Deed of Trust theretofore provided to the Administrative Agent, is less than $5,000,000.