Common use of After Acquired Real Property Clause in Contracts

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereof) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).

Appears in 7 contracts

Samples: Financing Agreement (AgileThought, Inc.), Financing Agreement (AgileThought, Inc.), Financing Agreement (AgileThought, Inc.)

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After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a "New Facility") with a Current Value (as defined below) in excess of $500,000 1,000,000, promptly, but in the case of a fee interest immediately any event within 5 Business Days, so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the "Current Value"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 45 days of such request (or such later date as agreed to in writing by the Collateral Agent in its sole discretion). The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).

Appears in 5 contracts

Samples: Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) (i) with a Current Value (as defined below) in excess of $500,000 1,000,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent exceeding in the aggregate $1,000,000 in the case of leasehold interest, immediately so notify the Collateral Administrative Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Administrative Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s 's waiver (pursuant to Section 7.01(l) hereof)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s 's waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Administrative Agent. The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).

Appears in 4 contracts

Samples: Financing Agreement (Mondee Holdings, Inc.), Financing Agreement (Mondee Holdings, Inc.), Financing Agreement (Mondee Holdings, Inc.)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof Effective Date of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest 250,000 (real property with such value “Material Real Property”), immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the such real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent (at the direction of the Required Lenders) shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s waiver (pursuant to Section 7.01(l) hereof) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).

Appears in 2 contracts

Samples: Financing Agreement (Unique Logistics International, Inc.), Financing Agreement (Unique Logistics International, Inc.)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 US$600,000 in the case of a fee interest immediately so notify the Collateral AgentLenders, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent Lenders shall notify such Loan Party whether it intends they intend to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l10.1(l) hereof) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower Intermediate Holdings shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m10.1(m).

Appears in 2 contracts

Samples: Credit Agreement (AgileThought, Inc.), Credit Agreement (AgileThought, Inc.)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 1,000,000, promptly, but in the case of a fee interest immediately any event within 5 Business Days, so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 45 days of such request (or such later date as agreed to in writing by the Collateral Agent in its sole discretion). The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).

Appears in 2 contracts

Samples: Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever locatedlocated and including, for the avoidance of doubt, any freehold interest in any English real property) (each such interest being a "New Facility") with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest 1,000,000 immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the "Current Value"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person Loan Party that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 30 Business Days of such request (or such later date as agreed to in writing by the Collateral Agent in its sole discretion). The Borrower shall pay all fees and expenses, including, without limitation, reasonable reasonable, documented attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).

Appears in 2 contracts

Samples: Financing Agreement, Financing Agreement

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) (i) with a Current Value (as defined below) in excess of $500,000 100,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent exceeding in the aggregate $60,000 in the case of leasehold interest, immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s waiver (pursuant to Section 7.01(l) hereof)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).. -97- 939843v.13

Appears in 1 contract

Samples: Financing Agreement (Troika Media Group, Inc.)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a "New Facility") with a Current Value (as defined below) in excess of $500,000 [***] in the case of a fee interest interest, immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the "Current Value"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s 's waiver (pursuant to Section 7.01(l) hereof) with respect to such New Facility; provided, however, that no Mortgage (or any other Real Property Deliverables) shall be required in respect of any Excluded Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s 's waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).

Appears in 1 contract

Samples: Financing Agreement (Ascend Wellness Holdings, LLC)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries Loan Party after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) located in the United States or otherwise (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 1,000,000 in the case of a fee interest interest, immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s waiver (pursuant to Section 7.01(l) hereof)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all reasonable and documented fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).

Appears in 1 contract

Samples: Financing Agreement (Orthofix Medical Inc.)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 100,000 in the case of a fee interest immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereof) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).

Appears in 1 contract

Samples: Possession Financing Agreement (AgileThought, Inc.)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever locatedlocated and including, for the avoidance of doubt, any freehold interest in any English real property) (each such interest being a "New Facility") with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest 1,000,000 immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the "Current Value"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person Loan Party that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 30 Business Days of such request (or such later date as agreed to in writing by the Collateral Agent in its sole discretion). The Borrower shall pay all fees and expenses, including, without limitation, reasonable reasonable, documented attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).. 100

Appears in 1 contract

Samples: Financing Agreement (Steel Partners Holdings L.P.)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries Subsidiaries, other than any Foreign Subsidiary, after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a "New Facility") with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest 100,000 immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the "Current Value"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower Borrowers shall pay all fees and expenses, - 95 - including, without limitation, reasonable attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).

Appears in 1 contract

Samples: Financing Agreement (Remark Holdings, Inc.)

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After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 1,000,000, promptly, but in the case of a fee interest immediately any event within 5 Business Days, so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral AgentAgent within 45 days of such request (or such later date as agreed to in writing by the Collateral Agent in its sole discretion). The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).

Appears in 1 contract

Samples: Financing Agreement (Alj Regional Holdings Inc)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property or mineral interests (wherever located) (each such interest being a “New Facility”) (i) with a Current Value (as defined below) in excess of $500,000 250,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent or royalties exceeding in the aggregate of $100,000 in the case of leasehold interest, immediately so notify the Collateral Origination Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Origination Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).

Appears in 1 contract

Samples: Financing Agreement (Rhino Resource Partners LP)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) (i) with a Current Value (as defined below) in excess of $500,000 1,000,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent exceeding in the aggregate $1,000,000 in the case of leasehold interest, immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s 's waiver (pursuant to Section 7.01(l) hereof)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s 's waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).

Appears in 1 contract

Samples: Financing Agreement (ITHAX Acquisition Corp.)

After Acquired Real Property. Upon the acquisition by it or any of its Restricted Subsidiaries after the date hereof Closing Date of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New FacilityMortgaged Property”) with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest immediately 5,000,000, so notify notify, as promptly as practicable, the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New FacilityMortgaged Property. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility Mortgaged Property shall promptly furnish no more than 90 days after the acquisition (unless a later date is otherwise agreed to by the Collateral Agent) the same to the Collateral Agent. The Borrower shall pay all reasonable and documented out-of-pocket fees and expenses, including, without limitation, including reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m7.01(n).

Appears in 1 contract

Samples: Credit Agreement (Gannett Co., Inc.)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) (i) with a Current Value (as defined below) in excess of $500,000 100,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent exceeding in the aggregate $60,000 in the case of leasehold interest, immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s waiver (pursuant to Section 7.01(l) hereof)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).

Appears in 1 contract

Samples: Financing Agreement (Troika Media Group, Inc.)

After Acquired Real Property. Upon the acquisition by it or any of its Restricted Subsidiaries after the date hereof Closing Date of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a "New Facility”Mortgaged Property") with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest immediately 5,000,000, so notify notify, as promptly as practicable, the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the "Current Value"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New FacilityMortgaged Property. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility Mortgaged Property shall promptly furnish no more than 90 days after the acquisition (unless a later date is otherwise agreed to by the Collateral Agent) the same to the Collateral Agent. The Borrower shall pay all reasonable and documented out-of-pocket fees and expenses, including, without limitation, including reasonable attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m7.01(n).

Appears in 1 contract

Samples: First Lien Credit Agreement (Gannett Co., Inc.)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) (i) with a Current Value (as defined below) in excess of $500,000 1,000,000 in the case of a fee interest interest, or (ii) requiring the payment of annual rent exceeding in the aggregate $1,000,000 in the case of leasehold interest, immediately so notify the Collateral Administrative Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Administrative Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables Deliverables) or landlord’s 's waiver (pursuant to Section 7.01(l) hereof)) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s 's waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Administrative Agent. The Borrower Borrowers shall pay all fees and expenses, including, without limitation, reasonable attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).. (n) Anti-Bribery and Corruption Laws; Anti-Money

Appears in 1 contract

Samples: Financing Agreement (Mondee Holdings, Inc.)

After Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries Loan Party after the date hereof of any fee interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a "New Facility") with a Current Value (as defined below) in excess of $500,000 1,000,000, promptly, but in the case of a fee interest immediately any event within five (5) Business Days, so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s 's good-faith estimate of the current value of such real property (for purposes of this Section, the "Current Value"). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereofDeliverables) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver), the Person that has acquired such New Facility shall promptly promptly, but in any event within 45 Business Days (or such longer period as determined by the Collateral Agent in its sole discretion), furnish the same to the Collateral Agent. The Borrower Borrowers shall pay all reasonable fees and expenses, including, without limitation, reasonable and documented out-of-pocket attorneys' fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s 's obligations under this Section 7.01(m).

Appears in 1 contract

Samples: Financing Agreement (KushCo Holdings, Inc.)

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