Common use of Real Estate Matters Clause in Contracts

Real Estate Matters. Each Credit Party shall have (A) executed and delivered to the Administrative Agent an Environmental and Hazardous Material Indemnity Agreement with respect to all Real Property, in form and substance reasonably satisfactory to the Administrative Agent, and (B) provided to the Administrative Agent (i) an updated title report issued by the Title Company (and copies of all recorded documents listed as exceptions to title or otherwise referred to in such title report) with respect to each Real Property owned by a Credit Party or Subsidiary as of the Closing Date or which constitutes collateral security for a Mezzanine Loan Investment as of the Closing Date, and (ii) all such other real estate-related diligence items set forth on the closing checklist provided by the Administrative Agent to the Borrower prior to the date hereof; all of which shall be in form and substance reasonably satisfactory to the Administrative Agent.

Real Estate Matters. Each Credit Party shall have (A) executed and delivered to the Administrative Agent an Environmental and Hazardous Material Indemnity Agreement with respect to all Real Property, in form and substance reasonably satisfactory to the Administrative 50 Agent, and (B) provided to the Administrative Agent (i) an updated title report issued by the Title Company (and copies of all recorded documents listed as exceptions to title or otherwise referred to in such title report) with respect to each Real Property owned by a Credit Party or Subsidiary as of the Closing Date or which constitutes collateral security for a Mezzanine Loan Investment as of the Closing Date, and (ii) all such other real estate-related diligence items set forth on the closing checklist provided by the Administrative Agent to the Borrower prior to the date hereof; all of which shall be in form and substance reasonably satisfactory to the Administrative Agent.