Common use of Delivery of Loan Documents Title Insurance Reports Leases Clause in Contracts

Delivery of Loan Documents Title Insurance Reports Leases. (i) Mortgages and Assignments of Leases, Assignments of Leases. ---------------------------------------------------------- Lender shall have received from each Individual Borrower holding title to an Individual Property as of the date hereof fully executed and acknowledged counterparts of the Mortgage and the Assignment of Leases relating to each such Individual Property and evidence that counterparts of such Mortgages and the Assignments of Leases have been delivered to the title company for recording, in the reasonable judgment of Lender, so as to effectively create upon such recording valid and enforceable Liens upon each such Individual Property, of the requisite priority, in favor of Lender (or such other trustee as may be required or desired under local law), subject only to the Permitted Encumbrances and such other Liens as are permitted pursuant to the Loan Documents. Lender shall have also received from each such Individual Borrower fully executed counterparts of the Environmental Indemnity relating to each such Individual Property.

Delivery of Loan Documents Title Insurance Reports Leases. (i) Mortgages and Mortgages, Assignments of Leases, Assignments of LeasesAgreements. ---------------------------------------------------------- ----------------------------------------------------------- Lender shall have received from each Individual Borrower holding title to an Individual Property as of the date hereof fully executed and acknowledged counterparts of the Mortgage and Mortgage, the Assignment of Leases and Assignments of the Agreements relating to each such Individual Property the Properties and evidence that counterparts of such Mortgages the Mortgage and the Assignments Assignment of Leases have been delivered to the title company for recording, in the reasonable judgment of Lender, so as to effectively create upon such recording valid and enforceable Liens upon each such Individual PropertyProperties, of the requisite priority, in favor of Lender (or such other trustee as may be required or desired under local law), subject only to the Permitted Encumbrances and such other Liens as are permitted pursuant to the Loan Documents. Lender shall have also received from each such Individual Borrower fully executed counterparts of the Environmental Indemnity relating to each such Individual PropertyIndemnity.

Delivery of Loan Documents Title Insurance Reports Leases. (i) Mortgages and Assignments of LeasesMortgage, Assignments of LeasesAgreements. ---------------------------------------------------------- Lender shall have received from each Individual Borrower holding title to an Individual Property as of the date hereof Borrowers fully executed and acknowledged counterparts of the Mortgage and the each Mortgage, Assignment of Leases relating to and the appropriate UCC financing statements, each such Individual Property in form satisfactory for recording or filing in the appropriate public records, and evidence 50 that counterparts of such Mortgages and the Assignments each Mortgage, Assignment of Leases and UCC financing statements shall have been delivered to the title company for recording, in the reasonable judgment of Lenderrecording or filing, so as to effectively create upon such recording a valid and enforceable Liens Lien upon each such Individual Property, of the requisite first lien priority, in favor of Lender (or such other a deed trustee as may be if required or desired under local law), subject only to the Permitted Encumbrances and such other Liens as are permitted pursuant to the Loan Documents. Lender shall have also received from each such Individual Borrower fully executed counterparts of each of the Agreements with Managers, each Assignment of Agreements, the Environmental Indemnity relating to and each such Individual Propertyof the other Loan Documents.

Delivery of Loan Documents Title Insurance Reports Leases. (i) Mortgages and Assignments of LeasesMORTGAGE, Assignments of LeasesASSIGNMENTS OF AGREEMENTS. ---------------------------------------------------------- Lender Agent shall have received from each Individual Borrower holding title to an Individual Property as of the date hereof fully executed and acknowledged counterparts of the Mortgage and the each Mortgage, Assignment of Leases relating to and the appropriate UCC financing statements, each such Individual Property in form satisfactory for recording or filing in the appropriate public records, and evidence that counterparts of such Mortgages and the Assignments each Mortgage, Assignment of Leases and UCC financing statements shall have been delivered to the title company for recording, in the reasonable judgment of Lenderrecording or filing, so as to effectively create upon such recording or filing a valid and enforceable Liens Lien upon each such Individual Mortgaged Property, of the requisite first lien priority, in favor of Lender Agent for the benefit of the Lenders (or such other trustee as may be a deed of trust if required or desired under local law), subject only to the Permitted Encumbrances and such other Liens as are permitted pursuant to the Loan Documents. Lender Agent shall have also received from each such Individual Borrower fully executed counterparts of the Environmental Indemnity relating to and each such Individual Propertyof the other Loan Documents.