Common use of After Acquired Property Interests Clause in Contracts

After Acquired Property Interests. All After Acquired Property Interests, immediately upon such acquisition, release, construction, assembling, placement or conversion, as the case may be, and in each such case, without any further mortgage, conveyance, assignment or other act by Mortgagor, shall become subject to the Lien of this Mortgage (as provided in the granting clauses hereof) as fully and completely, and with the same effect, as though owned by Mortgagor on the date hereof and specifically described in the granting clauses hereof. Mortgagor shall execute and deliver to Mortgagee all such other assurances, deeds of trust, conveyances or assignments thereof as Mortgagee may reasonably require for the purpose of expressly and specifically subjecting such After Acquired Property Interests to the Lien of this Mortgage. Mortgagor hereby irrevocably authorizes and appoints Mortgagee as the agent and attorney-in-fact of Mortgagor to, following the occurrence and during the continuance of an Event of Default, execute all such documents and instruments on behalf of Mortgagor, which appointment shall be irrevocable and coupled with an interest.  

Appears in 1 contract

Samples: Mortgage, Security Agreement (Green Plains Inc.)

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After Acquired Property Interests. All right, title and interest of Mortgagor in and to all of the Mortgaged Property, hereafter acquired by Mortgagor ("After Acquired Property Interests"), immediately upon such acquisition, release, construction, assembling, placement or conversion, as the case may be, and in each such case, without any further mortgage, conveyance, assignment or other act by Mortgagor, shall become subject to the Lien lien of this Mortgage (as provided in the granting clauses hereof) Instrument as fully and completely, and with the same effect, as though owned by Mortgagor on the date hereof and specifically described in the granting clauses hereof. Mortgagor shall execute and deliver to Mortgagee all such other assurances, deeds of trust, conveyances trust or assignments thereof mortgages and other agreements as Mortgagee may reasonably require for the purpose of expressly and specifically subjecting such After Acquired Property Interests to the Lien lien of this MortgageInstrument. Mortgagor hereby irrevocably authorizes and appoints Mortgagee as the agent and attorney-in-fact of Mortgagor to, following the occurrence and during the continuance of an Event of Default, to execute all such documents and instruments on behalf of Mortgagor, which appointment shall be irrevocable and coupled with an interest.  , if the Mortgagor fails or refuses to do so within ten (10) days after written request therefor by Mortgagee.

Appears in 1 contract

Samples: Marconi Corp PLC

After Acquired Property Interests. All right, title and interest of Mortgagor in and to all of the Mortgaged Property, hereafter acquired by Mortgagor ("After Acquired Property Interests"), immediately upon such acquisition, release, construction, assembling, placement or conversion, as the case may be, and in each such case, without any further mortgage, conveyance, assignment or other act by Mortgagor, shall (to the fullest extent permitted by law) become subject to the Lien lien of this Mortgage (as provided in the granting clauses hereof) Instrument as fully and completely, and with the same effect, as though owned by Mortgagor on the date hereof and specifically described in the granting clauses hereof. Mortgagor shall execute and deliver to Mortgagee all such other assurances, deeds of trust, conveyances trust or assignments thereof mortgages and other agreements as Mortgagee may reasonably require for the purpose of expressly and specifically subjecting such After Acquired Property Interests to the Lien lien of this MortgageInstrument. Mortgagor hereby irrevocably authorizes and appoints Mortgagee as the agent and attorney-in-fact of Mortgagor to, following the occurrence and during the continuance of an Event of Default, to execute all such documents and instruments on behalf of Mortgagor, which appointment shall be irrevocable and coupled with an interest.  , if the Mortgagor fails or refuses to do so within ten (10) days after written request therefor by Mortgagee.

Appears in 1 contract

Samples: Leases and Rents and Security Agreement (Marconi Corp PLC)

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After Acquired Property Interests. All After Acquired Property Interests, immediately upon such acquisition, release, construction, assembling, placement or conversion, as the case may be, and in each such case, without any further mortgage, conveyance, assignment or other act by Mortgagor, shall become subject to the Lien of this Mortgage (as provided in the granting clauses hereof) as fully and completely, and with the same effect, as though owned by Mortgagor on the date hereof and specifically described in the granting clauses hereof. Mortgagor shall execute and deliver to Mortgagee all such other assurances, deeds of trust, conveyances or assignments thereof as Mortgagee may reasonably require for the purpose of expressly and specifically subjecting such After Acquired Property Interests to the Lien of this Mortgage. Mortgagor hereby irrevocably authorizes and appoints Mortgagee as the agent and attorney-in-fact of Mortgagor to, following the occurrence and during the continuance of an Event of Default, execute all such documents and instruments on behalf of Mortgagor, which appointment shall be irrevocable and coupled with an interest.  .

Appears in 1 contract

Samples: Mortgage, Security Agreement (Green Plains Inc.)

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