Mortgaged Real Property. After giving effect to the recording of the Mortgages, real property identified on Schedule 1.1C shall be subject to a recorded first lien mortgage, deed of trust or similar security instrument (subject to Permitted Liens).
Mortgaged Real Property. 5.4.1 With respect to each real property of such Grantor subject to a Mortgage:
Mortgaged Real Property. All of Borrower's right, title, and interest in and to any Land, Unit, Common Element, Interval, and other real property of any and every type, together with all easements and other appurtenances thereto, that is encumbered by the Lien of an Applicable Mortgage and located within an Applicable Resort.
Mortgaged Real Property. (i) a Mortgage encumbering each Mortgaged Real Property in favor of Collateral Agent, for the benefit of the Secured Parties, duly executed and acknowledged by each Loan Party that is the owner of or holder of any interest in such Mortgaged Real Property, and otherwise in form for recording or filing, as applicable, in the recording office of each county where each such Mortgaged Real Property is situated, together with such certificates, affidavits, questionnaires or returns as shall be required in connection with the recording or filing thereof to create a mortgage lien under applicable law, and financing statements relating to the fixtures located on such Mortgage Property, all of which shall be in form and substance reasonably satisfactory to Collateral Agent, and any other instruments necessary to grant a mortgage lien under the laws of any applicable jurisdiction;
Mortgaged Real Property. The Borrowers may elect to use the Mortgaged Real Estate to support the Letters of Credit Obligations upon satisfaction of the following conditions (collectively, the "Mortgaged Real Estate Conditions"):
Mortgaged Real Property. Provide the Administrative Agent with each of the following with respect to each parcel of Mortgaged Real Property, each duly executed and in form and substance satisfactory to the Agents:
Mortgaged Real Property. To the extent that any Building that is located on real property that is subject to (or is intended to be subject to) a Mortgage, the Borrower shall, or shall cause the relevant Subsidiary to, promptly provide the Administrative Agent (for distribution to the Lenders) such information as the Administrative Agent (on behalf of itself or any Lender) may reasonably request in order for the Administrative Agent (or such Lender) to obtain a standard life of loan flood hazard determination form for such property and otherwise confirm compliance with the Flood Insurance Laws. Notwithstanding anything in any Credit Document to the contrary, to the extent that any Credit Party is required to grant a Mortgage on any real property on which any Building is located (the “Additional Improved Real Property”), prior to the execution and delivery of such Mortgage with respect to such Additional Improved Real Property, the Administrative Agent shall provide to the Lenders (which may be delivered electronically) (i) a standard life of loan flood hazard determination form for such Additional Improved Real Property, and (ii) if such Additional Improved Real Property is in a special flood hazard area, (A) a notice acknowledged by the Borrower of that fact and (if applicable) that flood insurance coverage is not available and (B) if flood insurance is available in the community in which such Additional Improved Real Property is located, a policy of flood insurance in compliance with Flood Insurance Laws. To the extent that any such Additional Improved Real Property is subject to the provisions of the Flood Insurance Laws, upon the earlier of (i) twenty (20) Business Days from the date the information required by the immediately preceding sentence is provided to the Lenders and (ii) receipt by the Administrative Agent of a notice from each Lender (which may be delivered electronically) that such Lender has completed all necessary flood insurance diligence with respect to such Additional Improved Real Property, the Administrative Agent may permit the execution and delivery of the applicable Mortgage in favor of the Administrative Agent.
Mortgaged Real Property. 34 SECTION 6 Remedial Provisions......................................................................................... 35
Mortgaged Real Property. The Collateral Agent shall have received:
Mortgaged Real Property. 13 1.60 Net Worth .............................................. 13 1.61 Note. .................................................. 13 1.62 Note Receivable. ....................................... 13 1.63 Obligations. ........................................... 13 1.64 Permitted Liens and Encumbrances ....................... 14 1.65 Person. ................................................ 14 1.66 Phase I Environmental Inspection. ...................... 14 1.67 Plans. ................................................. 14 1.68 Pledged Note Receivable. ............................... 14 1.69 Prime Rate. ............................................ 15 1.70
