Real Property as Collateral Sample Clauses

Real Property as Collateral. (A) As of the date of this Agreement, there is $1,399,199.49 in principal outstanding pursuant to the $1,600,000 Term Note A, which Term Loan is expressly secured by the Real Property located at 129 East Enterprise Drive, Pueblo Wxxx, Xxxxxxxx. Xxxxxxxx, xxx xxxxxxxxx Xxxx Xxxxerty owned by Borrowers also continues and subsists as part of the Collateral to secure the Obligations, even though no separate term note currently is secured by said real estate.
Sample 1
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Real Property as Collateral. Effective as of the date of this Agreement, all the Obligations (as modified, amended, expanded and restated herein) shall be secured by a Lien upon all the Real Property, wherever located, and shall continue and subsist as part of the Collateral to secure the Secured Obligations.
Sample 1
Real Property as Collateral. The Company shall deliver a pledge of the Real Property to secure the Principal Amount pursuant to the terms of the Pledge Agreement and Mortgage attached as Exhibits E and F of the Investment Agreement and such Mortgage shall be reduced from time to time by the consideration paid by the Company to the Purchaser. Simultaneously with the payment of consideration equal to the Principal Amount, the Purchaser will record with the Palm Beach County Property Appraiser’s Officer, a Satisfaction of the Mortgage releasing the Purchaser’s Mortgage on the Real Property.
Sample 1
Real Property as Collateral 
Sample 1

Related to Real Property as Collateral

  • Real Property; Assets (a) Neither the Company nor any of its Subsidiaries owns any real property.

  • Real Property Collateral The Administrative Agent shall have received, in form and substance reasonably satisfactory to the Administrative Agent:

  • Personal Property Collateral The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent:

  • Real Property (a) The Company does not own any real property.

  • Real Property; Personal Property (a) On the Disaffiliation Date, Local Church will have full title and ownership of the Real Property and Personal Property. The parties shall ensure all necessary transfers or other transactions relating to the above properties are completed on or prior to the Disaffiliation Date. Any costs resulting from such transfers or other transactions shall be borne by Local Church. Annual Conference shall fully cooperate with Local Church, as needed and applicable, to ensure that such transfers and other transactions convey all of Annual Conference’s interest – both for itself and on behalf of The United Methodist Church – in the Real Property and Personal Property, both tangible and intangible, of Local Church.

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Real Property Interests Except for the ownership, leasehold or other interests set forth in the Information Certificate, no Credit Party has, as of the Closing Date, any ownership, leasehold or other interest in real property.

  • Mortgaged Property The real property securing repayment of the debt evidenced by a Mortgage Note.

  • Real Property Matters The Company does not own any real property as of the date hereof and has not owned any real property during the three years preceding the date hereof.

  • Mortgaged Properties No Loan Party that is an owner of Mortgaged Property shall take any action that is reasonably likely to be the basis for termination, revocation or denial of any insurance coverage required to be maintained under such Loan Party’s respective Mortgage or that could be the basis for a defense to any claim under any Insurance Policy maintained in respect of the Premises, and each Loan Party shall otherwise comply in all material respects with all Insurance Requirements in respect of the Premises; provided, however, that each Loan Party may, at its own expense and after written notice to the Administrative Agent, (i) contest the applicability or enforceability of any such Insurance Requirements by appropriate legal proceedings, the prosecution of which does not constitute a basis for cancellation or revocation of any insurance coverage required under this Section 5.04 or (ii) cause the Insurance Policy containing any such Insurance Requirement to be replaced by a new policy complying with the provisions of this Section 5.04.

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