Common use of Other Property Clause in Contracts

Other Property. (i) Cause all of its owned and leased real and personal property other than Excluded Property to be subject at all times to first priority, perfected and, in the case of real property (whether leased or owned), title insured Liens in favor of the Administrative Agent, for the benefit of the Lenders, to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such property acquired subsequent to the Closing Date, such other additional security documents as the Administrative Agent shall reasonably request, subject in any case to Permitted Liens and (ii) deliver such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 financing statements, real estate title insurance policies, surveys, environmental reports, certified resolutions and other organizational and authorizing documents of such Person, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection of the Administrative Agent’s Liens thereunder) and other items of the types required to be delivered pursuant to Section 5.01(g), all in form, content and scope reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Online Resources Corp), Credit Agreement (Online Resources Corp)

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Other Property. (i) Cause all of its owned and leased real and personal property other than Excluded Property to be subject at all times to a perfected (and, in the case of IP rights, first priority, perfected ) and, in the case of real property (whether leased or owned)property, title insured Liens (it being understood and agreed that the Loan Parties shall only be required to provide title insured Liens for leased real property upon the request of the Administrative Agent) in favor of the Administrative Agent, for the benefit of the Lendersholders of the Obligations, to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such property acquired subsequent to the Closing Date, such other additional security documents in customary form as the Administrative Agent shall reasonably request, subject in any case to Permitted Liens and (ii) deliver such other documentation in customary form as the Administrative Agent may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 financing statements, real estate title insurance policies, surveys, environmental reports, landlord’s waivers (subject to Section 7.18), certified resolutions and other organizational and authorizing documents of such Person, favorable customary opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection of the Administrative Agent’s Liens thereunder) and other items of the types required to be delivered pursuant to Section 5.01(g), all in form, content and scope reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Verenium Corp), Credit Agreement (Verenium Corp)

Other Property. (i) Cause all of its owned and leased real and personal property other than Excluded Property to be subject at all times to first priority, perfected and, in the case of real property (whether leased or owned), title insured Liens in favor of the Administrative Agent, for the benefit of the Lendersholders of the Obligations, to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such property acquired subsequent to the Closing Date, such other additional security documents as the Administrative Agent shall reasonably request, subject in any case to Permitted Liens and (ii) deliver such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 financing statements, real estate title insurance policies, surveys, environmental reportslandlord’s waivers, certified resolutions and other organizational and authorizing documents of such Person, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection of the Administrative Agent’s Liens thereunder) (it is understood that the Administrative Agent shall have no right to request an opinion pursuant to this Section 7.12(b) with respect to any matter or document that is already covered by another opinion issued to the Administrative Agent and that no opinion shall be required if the cost of obtaining such opinion exceeds the benefit of obtaining such opinion) and other items of the types required to be delivered pursuant to Section 5.01(g5.01(f), all in form, form and content and scope reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Portfolio Recovery Associates Inc)

Other Property. (i) Cause all of its owned and leased real and personal property (other than Excluded Property Property) of each Loan Party to be subject at all times to first priority, perfected and, in the case of real property (whether leased or owned), title insured Liens in favor of the Administrative AgentAgent (to the extent that (A) such security interests and Liens can be perfected by such filings, for deliveries, notations, and other actions contemplated by the benefit Collateral Documents and (B) such actions are required to be taken with respect to such Collateral by the terms of the Lenders, Collateral Documents) to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such property acquired subsequent to the Closing Date, such other additional security documents as the Administrative Agent shall reasonably requestDocuments, subject in any case to Permitted Liens and (ii) deliver such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 UCC‑1 financing statements, real estate title insurance policies, surveys, environmental reports, certified resolutions and other organizational and authorizing documents of such Person, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection under the UCC of the Administrative Agent’s Liens thereunder) and other items of the types required to be delivered pursuant to Section 5.01(g5.01(c), all in form, content and scope reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Intl Fcstone Inc.)

Other Property. (i) Cause all of its owned and leased real and personal property (other than Excluded Property Property) of each Loan Party to be subject at all times to first priority, perfected and, in the case of real property (whether leased or owned), title insured Liens in favor of the Administrative AgentAgent (to the extent that (A) such security interests and Liens can be perfected by such filings, for deliveries, notations, and other actions contemplated by the benefit Collateral Documents and (B) such actions are required to be taken with respect to such Collateral by the terms of the Lenders, Collateral Documents) to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such property acquired subsequent to the Closing Date, such other additional security documents as the Administrative Agent shall reasonably requestDocuments, subject in any case to Permitted Liens and (ii) deliver such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 UCC‑1 financing statements, real estate title insurance policies, surveys, environmental reports, certified resolutions and other organizational and authorizing documents of such Person, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection of the Administrative Agent’s Liens thereunder) and other items of the types required to be delivered pursuant to Section 5.01(g5.01(c), all in form, content and scope reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Intl Fcstone Inc.)

Other Property. (i) Cause all of its owned and leased real and personal property (other than Excluded Property Property) of each Loan Party to be subject at all times to first priority, perfected and, in the case of real property (whether leased or owned), title insured Liens in favor of the Administrative AgentAgent (to the extent that (A) such security interests and Liens can be perfected by such filings, for deliveries, notations, and other actions contemplated by the benefit Collateral Documents and (B) such actions are required to be taken with respect to such Collateral by the terms of the Lenders, Collateral Documents) to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such property acquired subsequent to the Closing Date, such other additional security documents as the Administrative Agent shall reasonably requestDocuments, subject in any case to Permitted Liens and (ii) deliver such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 financing statements, real estate title insurance policies, surveys, environmental reports, certified resolutions and other organizational and authorizing documents of such Person, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection under the UCC of the Administrative Agent’s Liens thereunder) and other items of the types required to be delivered pursuant to Section 5.01(g5.01(c), all in form, content and scope reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (StoneX Group Inc.)

Other Property. (i) Cause all of its owned and leased real and personal property other than Excluded Property to be subject at all times to first priority, perfected and, in the case of real property (whether leased or owned), title insured Liens in favor of the Administrative Agent, for the benefit of the Lenders, Collateral Agent to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such property acquired subsequent to the Closing Date, such other additional security documents as the Administrative Collateral Agent shall reasonably request, subject in any case to Permitted Liens and (ii) deliver such other documentation as the Administrative Collateral Agent may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 financing statements, real estate title insurance policies, surveys, environmental reports, landlord’s waivers, certified resolutions and other organizational and authorizing documents of such Person, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection of the Administrative Collateral Agent’s Liens thereunder) and other items of the types required to be delivered pursuant to Section 5.01(g), all in form, content and scope reasonably satisfactory to the Administrative Collateral Agent.

Appears in 1 contract

Samples: Credit Agreement (Matria Healthcare Inc)

Other Property. (i) Cause all of its owned and leased real and personal property (having its ordinary meaning), other than Excluded Property Property, to be subject at all times to a perfected, first priority, perfected priority and, in the case of real property (whether leased or owned)located in the United States, title insured Liens (it being understood and agreed that the Transaction Parties shall only be required to provide title insured Liens for leased real property upon the reasonable request of the Administrative Agent) in favor of the Administrative Agent, for the benefit of the Lendersholders of the Obligations, to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such property acquired subsequent to the Closing Date, such other additional security documents as the Administrative Agent shall reasonably request, subject in any case to Permitted Liens Liens, and (ii) deliver such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 and Personal Property Securities Register financing statements, Title Documents (solely with respect to property acquired after the date hereof and, with respect to property located in Australia, to the extent required under Section 8.2(g) or (h) of the General Security Deed or Section 7.3(c) or (d) of the Specific Security Deed), real estate title insurance policiespolicies with respect to real property located in the United States, certificates of title, lease agreements, consents to lease agreements, surveys, environmental reports, landlord’s access agreements and waivers, certified resolutions and other organizational and authorizing documents of such Person, favorable customary opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection of the Administrative Agent’s Liens thereunder) and other items of the types required to be delivered pursuant to Section 5.01(g), all in form, content and scope reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Universal Biosensors Inc)

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Other Property. (i) Cause all of its owned and leased real and personal property of each Loan Party other than Excluded Property to be subject at all times to first priority, perfected and, in the case of real property (whether leased or owned)property, title insured Liens in favor of the Administrative Agent, for the benefit of holders of the LendersObligations, to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such property acquired subsequent to the Closing Date, such other additional security documents as the Administrative Agent shall reasonably request, subject in any case to Permitted Liens and (ii) deliver such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 financing statements, real estate title insurance policiesReal Property Security Documents, surveys, environmental reportslandlord’s waivers, certified resolutions and other organizational and authorizing documents of such Person, favorable customary opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection of the Administrative Agent’s Liens thereunder) and other items of the types required to be delivered pursuant to Section 5.01(g5.01(f) and (g), all in form, content and scope reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Syntel Inc)

Other Property. In the case of each Loan Party, (i) Cause cause all of its owned and leased real and personal property other than Excluded Property to be subject at all times to a first prioritypriority perfected, perfected and, in the case of real property (whether leased or owned)property, title insured Liens (it being understood that the Loan Parties shall only be required to provide title insurance for leased real property upon the request of the Required Lenders) in favor of the Administrative Agent or Control Agent, as appropriate, for the benefit of the Lendersholders of the Obligations, to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such property acquired subsequent to the Closing Restatement Date, such other additional security documents in customary form as the Administrative Agent Required Lenders shall reasonably request, subject in any case to Permitted Liens and (ii) deliver such other documentation in customary form as the Administrative Agent Required Lenders may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 financing statements, real estate title insurance policies, surveys, environmental reports, landlord’s waivers, certified resolutions and other organizational and authorizing documents of such Person, favorable customary opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection of the Administrative Agent’s or the Control Agent’s, as applicable, Liens thereunder) and other items of the types required to be delivered pursuant to Section 5.01(g), all in form, content and scope reasonably satisfactory to the Administrative AgentAgent and the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Syncardia Systems Inc)

Other Property. Subject to Section 7.14(c) and the last paragraph of Section 7.12, (i) Cause no later than ninety (90) days following the Closing Date (or such later date as the Administrative Agent may agree in its sole discretion) cause all of its owned and leased real and personal property other than Excluded Property of each Loan Party to be subject at all times (subject, in the case of a newly acquired or formed Subsidiary, to the time periods described in Section 7.12(a) and (b), as applicable) to first prioritypriority (subject to Permitted Liens and in the case of Foreign Subsidiaries, local requirements in the applicable jurisdiction), perfected and, in the case of owned real property (whether leased with a purchase price or owned)fair market value in excess of $2,000,000, title insured Liens in favor of the Administrative Agent, for the benefit of the Lendersholders of the Obligations, to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such property acquired subsequent to the Closing Date, such other additional security documents as the Administrative Agent shall reasonably request, subject in any case to Permitted Liens and (ii) deliver such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 financing statementsstatements (or equivalent filings, registrations or agreements in foreign jurisdictions), real estate title insurance policies, surveys, environmental reports, certified resolutions flood search determinations (and other organizational evidence of any required flood insurance), filings and authorizing documents deliveries necessary to perfect such Liens, Organization Documents, resolutions, and in the case of such Personany material Subsidiary, favorable opinions of counsel to such Person material Subsidiary (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection of the Administrative Agent’s Liens thereunder) and other items of the types required to be delivered pursuant to Section 5.01(g5.01(e) and (f), all in form, content and scope reasonably satisfactory to the Administrative Agent. Notwithstanding anything contained in this Agreement to the contrary, no Mortgage shall be executed and delivered with respect to any owned real property unless and until each Lender has received, at least twenty (20) Business Days in advance of such execution and delivery, a life of loan flood zone determination and such other documents as it may reasonably request to complete its flood insurance due diligence and has confirmed to the Administrative Agent that flood insurance due diligence and flood insurance compliance have been completed to its satisfaction; provided that the failure of a Loan Party to cause a Mortgage to be filed in accordance with this Section 7.14(b) as a result of the failure of a Lender to provide such confirmation shall not result in a Default hereunder.

Appears in 1 contract

Samples: Credit Agreement (Montrose Environmental Group, Inc.)

Other Property. In the case of each Loan Party, (i) Cause cause all of its owned and leased real and personal property other than Excluded Property to be subject at all times to first prioritya perfected, perfected and, in the case of real property (whether leased or owned)property, title insured Liens, in each case, subject in priority only to the Liens securing the First Lien Obligations (it being understood that the Loan Parties shall only be required to provide title insurance for leased real property upon the request of the Required Lenders) in favor of the Administrative Agent or Control Agent, as appropriate, for the benefit of the Lendersholders of the Obligations, to secure the Obligations pursuant to the terms and conditions of the Collateral Documents or, with respect to any such property acquired subsequent to the Closing Date, such other additional security documents in customary form as the Administrative Agent Required Lenders shall reasonably request, subject in any case to Permitted Liens and (ii) deliver such other documentation in customary form as the Administrative Agent Required Lenders may reasonably request in connection with the foregoing, including, without limitation, appropriate UCC-1 financing statements, real estate title insurance policies, surveys, environmental reports, landlord’s waivers, certified resolutions and other organizational and authorizing documents of such Person, favorable customary opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above and the perfection of the Administrative Agent’s or the Control Agent’s, as applicable, Liens thereunder) and other items of the types required to be delivered pursuant to Section 5.01(g), all in form, content and scope reasonably satisfactory to the Administrative AgentAgent and the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Syncardia Systems Inc)

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