Additional Real Estate. To the extent otherwise permitted hereunder, if any Loan Party proposes to acquire a fee ownership interest in Material Real Estate after the occurrence of the Trigger Event, it shall within ninety (90) days of such acquisition (or such longer period as the Administrative Agent shall agree in its sole discretion) provide to the Administrative Agent Real Estate Documents in regard to such Material Real Estate. Notwithstanding anything to the contrary herein, or otherwise in any Loan Document, the Administrative Agent shall not enter into, accept, or record any mortgage in respect of any Material Real Estate until the Administrative Agent shall have received written confirmation (which confirmation shall, for purposes hereunder, include email) from each Lender that flood insurance compliance has been completed by such Lender with respect to such Material Real Estate (such written confirmation not to be unreasonably conditioned, withheld or delayed); provided, that, the inability of a Loan Party to deliver, enter into, or record a Mortgage with respect to any Material Real Estate within the time period required by this Section 5.13 due to the failure of the Administrative Agent to receive written confirmation from each Lender that flood insurance compliance has been completed by such Lender with respect to such Material Real Estate within such time period shall not be deemed to be a failure by such Loan Party to satisfy the requirements of this Section 5.13.
Additional Real Estate. If the Parties mutually determine that additional real property beyond the location described in 3.1 above is needed to accommodate construction of the ESC Project in accordance with the Conceptual Design Documents, Schematic Design, or Final Design (as applicable); ESC Preliminary Program; the Quality Standard; or applicable law, SBH shall be responsible for the timely acquisition of that real property, at its sole cost and expense, in accordance with the Schedule. Such acquisition costs shall be included in or added to the Approved Budget.
Additional Real Estate. To the extent otherwise permitted hereunder, if any Loan Party proposes to acquire an interest in Material Real Estate after the Closing Date, it shall at the time of such acquisition provide to the Collateral Agent and the Lenders all Real Estate Documents that would have been required to be delivered pursuant to Section 3.1 if such Material Real Estate had existed on the Closing Date granting the Collateral Agent a first priority Lien on such Real Estate (subject to Permitted Encumbrances), together with all environmental audits and reports, title insurance policies, real property surveys, flood zone reports, evidence of compliance with zoning and building laws, environmental indemnities, legal opinions, supplemental casualty and flood insurance and other documents, instruments and agreements reasonably requested by the Collateral Agent or the Required Lenders, in each case in form and substance reasonably satisfactory to the Collateral Agent and the Required Lenders.
Additional Real Estate. Purchaser and Clarion agree to purchase, or to cause their designee to purchase, within six (6) months from the Closing Date, certain real estate situated Xxxxxxxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxx, State of South Carolina, as described within an Agreement to Sell and Buy dated on or about November, 1994, by and between Millearn GeneralPartnership and the Company. The terms of such purchase shall be set forth in a separate real estate purchase agreement in form and substance that is reasonably acceptable to all parties.
Additional Real Estate. To the extent otherwise permitted hereunder, if any Loan Party proposes to acquire an interest in Material Real Estate after the Closing Date, it shall at the time of such acquisition, provide to the Administrative Agent all Real Estate Documents that would have been required to be delivered pursuant to Section 3.1 if such Material Real Estate had existed on the Closing Date granting the Administrative Agent a first priority Lien on such Real Estate (subject to Permitted Encumbrances), together with all environmental audits and reports, title insurance policies, real property surveys, flood zone reports, evidence of compliance with zoning and building laws, environmental indemnities, legal opinions, supplemental casualty and flood insurance and other documents, instruments and agreements reasonably requested by the Administrative Agent, in each case in form and substance reasonably satisfactory to the Administrative Agent.
Additional Real Estate. Other than the Excluded Assets, Seller and Buyer acknowledge and agree that it is their intent to transfer to Buyer all real estate used in or related to the operation of the Hospital that is owned or leased directly by the Seller or by an affiliate of the Seller. If any tract or parcel of real estate (or buildings, improvements and fixtures thereon or any easement, appurtenances, rights of way or other rights related
Additional Real Estate. Sellers, Shareholders and Buyer acknowledge and agree that it is their intent that all real estate used in or related to the operation of the Hospital that is owned or leased by the Company or an Affiliate, shall be retained by the Company. To the extent any tract or parcel of real estate (or buildings, improvements and
Additional Real Estate. To the extent any Loan Party proposes after the Closing Date to acquire Real Estate with a fair market value of at least $1,000,000, such Loan Party shall at the time of such acquisition provide to the Administrative Agent all Real Estate Documents reasonably requested by the Administrative Agent granting the Administrative Agent a first priority Lien on such Real Estate, together with environmental audits, mortgage title insurance policies, real property survey, local counsel opinion(s), copies of any lease, if required by the Administrative Agent, supplemental casualty insurance and flood insurance, and such other documents, instruments or agreements reasonably requested by the Administrative Agent, in each case, in form and substance reasonably satisfactory to the Administrative Agent.
Additional Real Estate. 28 SECTION 7. INFORMATION AS TO BORROWER........................................... 28 7.1 Financial and Business Information..................................... 28 7.2 Inspection............................................................. 31 7.3 Confidentiality........................................................ 31
Additional Real Estate. SHR currently owns a 25 acre tract of land that includes a railroad spur that is not covered by the Deed of Trust described in Section 3.2(s) hereof (the "Additional Tract"). SHR agrees that it will not permit any liens to be placed against the Additional Tract or any other real property it hereafter acquires without the prior written consent of Lender. On or before January 1, 2006, SHR will execute and deliver to Lender a deed of trust covering the Additional Tract and any other real property it acquires prior to said date, said deed of trust being in similar form to the Deed of Trust described in Section 3.2(s) hereof. In the event that Borrower acquires real property thereafter, Borrower agrees to execute another deed of trust covering said real property in favor of Lender that is similar in form to the Deed of Trust described in Section 3.2(s) hereof and deliver same to Lender immediately after such acquisition.
