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This excerpt taken from the FL 8-K filed May 21, 2008. Mortgages. The Company and each Subsidiary that has entered into any mortgage listed in Schedule 5.21 shall, as soon as practicable using commercially reasonable efforts, but within 90 days of the Effective Date or such longer period as the Administrative Agent shall agree, (i) execute and deliver and cause to be recorded in the appropriate land records (with any applicable mortgage recording, intangibles and documentary stamp taxes paid) such amendments or supplements thereto or other instruments or agreements, each in form and substance satisfactory to the Administrative Agent, as may be necessary or desirable in order to continue and preserve the perfection and priority of the security interest granted by such mortgage, and (ii) deliver such certificates, evidences of corporate or
other organizational actions, notations and registrations, title endorsements, FEMA flood hazard determinations (and, if any improvements are located in an area designated a “flood hazard area,” evidence of flood insurance), financing statements, opinions of counsel, powers of attorney and other documents relating thereto as the Administrative Agent may reasonably request, all in form and substance reasonably satisfactory to the Administrative Agent.
ARTICLE 6 DEFAULTS |
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