Future Leases. Deliver to Agent, concurrently with the execution by Borrower, as lessee, of any lease pertaining to real property, (i) an executed copy thereof, (ii) at the option of Agent, either a leasehold mortgage upon or a collateral assignment of such lease in favor of Agent, in either case in form and substance satisfactory to Agent, and (iii) a Landlord Consent and Waiver from the lessor under such lease.
Appears in 5 contracts
Samples: Loan Agreement (Aquis Communications Group Inc), Loan Agreement (Paging Partners Corp), Loan Agreement (Aquis Communications Group Inc)
Future Leases. Deliver to Agent, concurrently with the execution by any Borrower, as lessee, of any lease pertaining to real property, (i) an executed copy thereof, (ii) at the option of Agent, either a leasehold mortgage upon or a collateral assignment of such lease in favor of Agent, in either case in a form and substance satisfactory reasonably acceptable to Agent, and (iii) a Landlord Consent and Waiver from the lessor under such lease.
Appears in 3 contracts
Samples: Loan Agreement (Security Associates International Inc), Loan Agreement (Security Associates International Inc), Loan Agreement (Security Associates International Inc)
Future Leases. Deliver to Agent, concurrently with the execution by BorrowerBorrower or any of its Subsidiaries, as lessee, of any lease pertaining to real property, (i) an executed copy thereof, (ii) at the option of Agent, either a leasehold mortgage upon or a collateral assignment of such lease in favor of Agent, in either case in a form and substance satisfactory reasonably acceptable to Agent, and (iii) a Landlord Consent and Waiver from the lessor under such lease.
Appears in 1 contract
Samples: Loan Agreement (Security Associates International Inc)
Future Leases. Deliver to Agent, concurrently with the execution by Borrower, as lessee, of any lease pertaining to real property, (i) an executed a copy thereof, (ii) at the option of Agent, either a leasehold mortgage upon or a collateral assignment of such lease in favor of Agent, in either case in form and substance satisfactory to Agent, and (iii) a Landlord Consent and Waiver in form and substance satisfactory to Agent from the lessor under such lease.
Appears in 1 contract