Delivery of Mortgages. Upon request of the Administrative Agent at any time and from time to time, the Borrower shall deliver (or cause to be delivered) to the Administrative Agent, with respect to each fee simple real estate interest then owned by any Obligor and not then subject to a Lien in favor of the Administrative Agent, a mortgage or deed of trust covering such interest, properly executed on behalf of such Obligor, together with one or more title insurance commitments, in form and substance satisfactory to the Administrative Agent, issued by a title insurance company chosen by the Borrower and reasonably acceptable to the Administrative Agent, prepared at the Borrower’s expense, with each such commitment constituting a commitment by such title company to issue a mortgagee’s title policy in favor of the Administrative Agent as mortgagee for the benefit of the Lender Parties under such mortgage, that will be free from all standard exceptions, including mechanics’ liens, and all other exceptions not previously approved by the Administrative Agent, and that will insure such mortgage to be a valid Lien on the real property described therein, subject only to such prior Liens as are permitted under Section 6.1 or approved by the Administrative Agent in its sole discretion, in an amount not less than the appraised value of such real estate or, if no current appraisal acceptable to the Administrative Agent is available, such other amount as the Administrative Agent may determine.
Delivery of Mortgages. Assignment of Leases; Franchise Agreement Letters and Assignment of Consulting Agreement; Title Insurance; Reports; Leases.
Delivery of Mortgages. Within sixty (60) days of the Funding Date, the applicable Debtor shall deliver mortgages with respect to each of the Primary Properties substantially in the relevant form attached hereto as Exhibit I-1 or I-2 appropriately completed, with such state specific changes as are necessary to create a Lien on the applicable Real Estate in such state and otherwise in a form described in Schedule 6.3 (each, a “Mortgage” and, collectively, the “Mortgages”).
Delivery of Mortgages. The Borrowers shall provide to the Administrative Agent, on or before December 31, 2013 or such later date as may be agreed to by the Administrative Agent, mortgages or deeds of trust on the following properties (the “Mortgaged Properties”) to secure the Obligations:
Delivery of Mortgages. Subject to the approval of the Bankruptcy Court, upon reasonable request from the DIP Agent, the applicable Loan Party shall deliver Mortgages with respect to any Property reasonably requested in a form reasonably satisfactory to the DIP Agent necessary to create or record a Lien on the applicable Property and other real estate in the appropriate jurisdiction.
Delivery of Mortgages. The Company shall execute and deliver, or cause to be executed and delivered, as the case may be, (a) Mortgages with respect to each of the real properties listed on Schedule 3.07(a), (b) a policy or policies of title insurance issued, or an unconditional commitment to issue such policy or policies, by a nationally recognized title insurance company insuring the Lien on each Mortgage identified in clause (a) as a valid and enforceable Lien on the same first-priority basis as the existing first-lien mortgages, covering the mortgaged property described therein, free of any other Liens except Permitted Collateral Liens, which policy or policies shall include such customary endorsements and affirmative coverages as the Purchaser may reasonably request, (c) if any mortgaged property in a Mortgage identified in clause (a) is located in an area determined by the Federal Emergency Management Agency to have special flood hazards, evidence of such flood insurance as may be required under applicable law, including Regulation H of the Board of Governors, and (d) such surveys, appraisals, legal opinions and other customary title closing documents as the Purchaser may reasonably request with respect to any Mortgage identified in clause (a) or the mortgaged property described therein, in each case within 45 calendar days after the Closing Date (or such later time as is consented to by the Purchaser); provided that the amount of Notes Obligations secured by any such Mortgages in respect of real property in Alabama and Oklahoma shall not exceed the respective maximum secured amounts set forth on such Schedule 3.07(a).
Delivery of Mortgages. Upon request from the Majority Lenders, the applicable Obligor shall deliver mortgages with respect to each Property in a form reasonably satisfactory to the Majority Lenders necessary to create or record a Lien on the applicable Real Estate in the appropriate jurisdiction (each, a “Mortgage” and, collectively, the “Mortgages”).
Delivery of Mortgages. Within ten (10) days of the Funding Date, the applicable Obligor shall deliver mortgages with respect to each of the Primary Properties substantially in the relevant form attached hereto as Exhibit I-1 or I-2 appropriately completed, with such state specific changes as are necessary to create a Lien on the applicable Real Estate in such state and otherwise in a form described in Schedule 6.3 (each, a “Mortgage” and, collectively, the “Mortgages”); provided however, the Deferred Mortgage shall not be filed or recorded prior to the earlier to occur of (i) December 1, 2010, (ii) the occurrence and continuance of an Event of Default and (iii) the termination of the Investment Agreement in accordance with its terms.
Delivery of Mortgages. In the event the Borrower shall have not paid in full the outstanding principal amount of the Loan, together with all accrued and unpaid interest thereon on or prior to January 20, 2002, then the Borrower will upon request of the Bank, in the Bank's sole and absolute discretion and, at the Borrower's sole cost and expense, provide to the Bank with the following:
Delivery of Mortgages. Upon the occurrence and during the continuance of an Event of Default, the Borrower shall and shall cause any of its Subsidiaries to, at the request of the Administrative Agent, execute and deliver to the Administrative Agent (for the benefit of the Banks) a mortgage, security deed, deed of trust or similar instrument for each of the Negative Pledge Properties and such other instruments and shall take such actions as are necessary to grant to the Administrative Agent on behalf of the Banks as security for the obligations a first priority perfected lien on and security interest in each such Negative Pledge Property and the rents, income and proceeds associated therewith and execute or deliver such other documents or information as may be reasonably requested by the Administrative Agent. Delivery of documents hereunder will not waive or cure any existing Events of Default under any other provision of this Agreement or any Loan Document.
