Common use of After-Acquired Property Clause in Contracts

After-Acquired Property. Borrower will grant to Lender a first lien security interest in and to all equipment and other personal property owned by Borrower, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of same.

Appears in 10 contracts

Samples: Loan Agreement (Moody National REIT I, Inc.), Loan Agreement (Moody National REIT I, Inc.), Loan Agreement (Moody National REIT I, Inc.)

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After-Acquired Property. Borrower will grant to Lender a first lien Lien security interest in and to all equipment and other personal property owned by Borrower, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of same.

Appears in 3 contracts

Samples: Loan Agreement (Lodging Fund REIT III, Inc.), Loan Agreement (Lodging Fund REIT III, Inc.), Loan Agreement (United Realty Trust Inc)

After-Acquired Property. Borrower will shall grant to Lender a first lien security interest in and to all equipment and other personal property owned by Borrower, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of same.

Appears in 2 contracts

Samples: Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.)

After-Acquired Property. Borrower will shall grant to Lender a first lien security interest in and to all equipment and other personal property owned by Borrower, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of same.

Appears in 2 contracts

Samples: Loan Agreement (Golf Ventures Inc), Loan Agreement (Golf Ventures Inc)

After-Acquired Property. Borrower will grant to Lender a first lien security interest in and to all equipment and other personal property owned by Borrower, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of same.. Section 4.11

Appears in 1 contract

Samples: Loan Agreement (Mark Centers Trust)

After-Acquired Property. Borrower will grant to Lender a first lien security interest in and to all equipment and other personal property owned by BorrowerBorrower and located at any Property, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of same, unless such equipment or personal property is the subject of any Indebtedness which would prohibit the granting of such security interest.

Appears in 1 contract

Samples: Loan Agreement (Silverleaf Resorts Inc)

After-Acquired Property. Subject to the Permitted Encumbrances, Borrower will shall grant to Lender a first lien security interest interest, in and to all equipment and other personal property owned by Borrower, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of same.

Appears in 1 contract

Samples: Loan Agreement (American Realty Capital New York City REIT, Inc.)

After-Acquired Property. Borrower will grant to Lender a first lien security interest in and to all equipment and other personal property owned by Borrower, whether or not used in Borrower and relating to the construction, maintenance and/or operation of the ImprovementsPledged Assets, immediately upon acquisition of same or any part of same.

Appears in 1 contract

Samples: Revolving Credit Loan and Security Agreement (Ashford Hospitality Trust Inc)

After-Acquired Property. Without limitation of Borrower’s other obligations described herein, Borrower will grant hereby grants to Lender a first lien Lien security interest in and to all equipment and other personal property owned owned, leased or licensed by Borrower, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of samesame following the date hereof.

Appears in 1 contract

Samples: Construction Loan Agreement (Allegiant Travel CO)

After-Acquired Property. Borrower will grant to Lender a first lien Lien security interest in and to all equipment Equipment and other personal property Personal Property owned by Borrower, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of samesame following the date hereof.

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

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After-Acquired Property. Each Borrower will grant to Lender a first lien Lien security interest in and to all equipment and other personal property owned by such Borrower, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of same.

Appears in 1 contract

Samples: Loan Agreement (Horizon Group Properties Inc)

After-Acquired Property. Borrower will grant to Lender a first lien security interest in and to all equipment and other personal property owned by Borrower, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of same.

Appears in 1 contract

Samples: Loan Agreement (First Potomac Realty Trust)

After-Acquired Property. Borrower Borrowers will grant to Lender a first lien Lien security interest in and to all equipment and other personal property owned by BorrowerBorrowers, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of same.

Appears in 1 contract

Samples: Loan Agreement (Reckson Operating Partnership Lp)

After-Acquired Property. Each Borrower will grant to Lender a first lien security interest in and to all equipment and other personal property owned by Borrower, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of same.

Appears in 1 contract

Samples: Loan Agreement (Cole Credit Property Trust V, Inc.)

After-Acquired Property. Borrower will grant hereby grants to Lender a first lien Lien security interest in and to all equipment and other personal property owned owned, leased or licensed by Borrower, whether or not used in the construction, maintenance and/or operation of the Improvements, immediately upon acquisition of same or any part of samesame following the date hereof.

Appears in 1 contract

Samples: Loan Agreement (Pacific Oak Strategic Opportunity REIT II, Inc.)

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