Common use of As-Extracted Collateral Clause in Contracts

As-Extracted Collateral. Within one-hundred eighty (180) days (as such time period may be extended by the Administrative Agent in its sole discretion) after the acquisition or lease of any Real Property by any Loan Party after the Closing Date, or the reopening or reactivation of any Reactivated Mining Facility, in each case, (i) that is not a Mortgaged Property and (ii) where as-extracted collateral is located, the Borrower shall, or shall cause the applicable Loan Party to, deliver to the Administrative Agent, with respect to each such Real Property (other than with respect to any Excluded Asset), as-extracted UCC-1 financing statements in appropriate form for recording in the jurisdiction in which such Real Property is located.