Agreements Regarding Collateral and Examination Reports Sample Clauses

Agreements Regarding Collateral and Examination Reports. 13.2.1. Lenders hereby irrevocably authorize Agent to release any Lien with respect to any Collateral (i) upon the termination of the Commitments and Full Payment of the Obligations, (ii) that is the subject of an Asset Disposition which is a Permitted Asset Disposition under clause (i) of the definition thereof or which Borrower Representative otherwise certifies in writing to Agent is a Permitted Asset Disposition (and Agent may rely conclusively on any such certificate without further inquiry), (iii) valued in the aggregate not in excess of $1,000,000 during each Fiscal Year without the prior written authorization of any of the Lenders, (iv) valued in the aggregate not in excess of $2,000,000 during each Fiscal Year with the prior written authorization of the Required Lenders, or (v) with the written consent of all Lenders. Agent shall have no obligation whatsoever to any of the Lenders to assure that any of the Collateral exists or is owned by an Obligor or is cared for, protected or insured or has been encumbered, or that Agent’s Liens have been properly, sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority or to exercise any duty of care with respect to any of the Collateral.
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Agreements Regarding Collateral and Examination Reports. (a) Lenders hereby irrevocably authorize the Administrative Agent to release any Lien with respect to any Collateral (i) upon the termination of the Commitments and Full Payment of the Obligations, (ii) in accordance with the provisions of Section 3.7, or (iii) with the written consent of all Lenders. The Administrative Agent shall have no obligation whatsoever to any of the Lenders to assure that any of the Collateral exists or is owned by the Borrower or is cared for, protected or insured or has been encumbered, or that the Administrative Agent's Liens have been properly, sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority or to exercise any duty of care with respect to any of the Collateral.
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Agreements Regarding Collateral and Examination Reports. 13.2.1. Lenders hereby irrevocably authorize Agent to release any Lien with respect to any Collateral (i) upon the termination of the Commitments and Full Payment of the Obligations, (ii) that is the subject of an Asset Disposition which Borrowers certify in writing to Agent is a Permitted Asset Disposition (and Agent may rely conclusively on any such certificate without further inquiry), or (iii) with the written consent of all Lenders. Agent shall have no obligation whatsoever to any of the Lenders to assure that any of the Collateral exists or is owned by an Obligor or is cared for, protected or insured or has been encumbered, or that Agent’s Liens have been properly, sufficiently or lawfully created, perfected, protected or enforced or entitled to any particular priority or to exercise any duty of care with respect to any of the Collateral.
Sample 1
Agreements Regarding Collateral and Examination Reports. 13.2.1. Lenders hereby irrevocably authorize Administrative Agent to release any Lien with respect to any Collateral (i) upon the termination of the Commitments and Full Payment of the Obligations (other than contingent indemnification obligations for which no claim has been made), (ii) that is the subject of an Asset Disposition which Borrowers certify in writing to Administrative Agent is a Permitted Asset Disposition (and Administrative Agent may rely conclusively on any such certificate without further inquiry), or (iii) with the written consent of all Lenders. Administrative Agent shall have no obligation whatsoever to any of the Lenders to assure that any of the Collateral exists or is owned by a Borrower or is cared for, protected or insured or has been encumbered, or that Administrative Agent's Liens have been properly, sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority or to exercise any duty of care with respect to any of the Collateral.
Sample 1
Agreements Regarding Collateral and Examination Reports. 12.2.1. Lenders hereby irrevocably authorize Administrative Agent, at its option and in its discretion, to release any Lien upon any Collateral (i) upon the termination of the Commitments and payment or satisfaction of all of the Obligations, (ii) constituting Equipment sold or disposed of in accordance with the terms of this Agreement if Borrowers certify to Administrative Agent that the disposition is made in compliance with the terms of this Agreement (and Administrative Agent may rely conclusively on any such certificate, without further inquiry), or (iii) if approved or ratified by the Required Lenders. Administrative Agent shall have no obligation whatsoever to any of the Lenders to assure that any of the Collateral exists or is owned by a Borrower or is cared for, protected or insured or has been encumbered, or that Administrative Agent’s Liens have been properly, sufficiently or lawfully created, perfected, protected or enforced or entitled to any particular priority or to exercise any duty of care with respect to any of the Collateral.
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Agreements Regarding Collateral and Examination Reports. 12.2.1. Lenders hereby irrevocably authorize Agent, at its option and in its discretion, to release any Lien upon any Collateral (i) upon the termination of the Commitments and Full Payment or satisfaction of all of the Obligations, or (ii) constituting Equipment sold or disposed of in accordance with the terms of this Agreement if Borrowers certify to Agent that the disposition is made in compliance with the terms of this Agreement (and Agent may rely conclusively on any such certificate, without further inquiry). Lenders also hereby irrevocably authorize Agent to release any Lien on any Primary Term Collateral (as defined in the Lien Subordination Agreement) to the extent required to do so pursuant to the terms of the Lien Subordination Agreement. Agent shall, if directed to do so by the Required Lenders, release any Lien upon any Collateral having a value of less than $1,000,000 in the aggregate during any 12-month period. Except as expressly authorized or required by this SECTION 12.2.1 or otherwise by this Agreement or Applicable Law, Agent shall not execute any release or termination of any Lien upon any of the Collateral without the prior written authorization of all Lenders. Agent shall have no obligation whatsoever to any of the Lenders to assure that any of the Collateral exists or is owned by a Borrower or is cared for, protected or insured or has been encumbered, or that Agent's Liens have been properly, sufficiently or lawfully created, perfected, protected or enforced or entitled to any particular priority or to exercise any duty of care with respect to any of the Collateral.
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Agreements Regarding Collateral and Examination Reports. 101 - 13.3. Reliance By Agent...................................................- 102 - 13.4. Action Upon Default.................................................- 102 - 13.5. Ratable Sharing.....................................................- 103 - 13.6. Indemnification of Agent Indemnitees................................- 103 - 13.7. Limitation on Responsibilities of Agent..............................-104 - 13.8. Successor Agent and Co-Agent........................................- 105 - 13.9. Consents, Amendments and Waivers; Out-of-Formula Loans..............- 106 - 13.10. Due Diligence and Non-Reliance......................................- 107 - 13.11. Representations and Warranties of Lenders...........................- 108 - 13.12. The Required and Supermajority Lenders..............................- 108 - 13.13. Several Obligations.................................................- 108 - 13.14. Agent in its Individual Capacity....................................- 108 - 13.15. No Third Party Beneficiaries........................................- 109 - 13.16. Notice of Transfer..................................................- 109 - 13.17. Replacement of Certain Lenders......................................- 109 - 13.18. Remittance of Payments and Collections..............................- 110 - 13.19 Syndication/Documentation Agent and Arranger........................- 110 - SECTION 14. BENEFIT OF AGREEMENT; ASSIGNMENTS AND PARTICIPATIONS................- 110 - 14.1. Successors and Assigns..............................................- 110 - 14.2. Participations......................................................- 111 - 14.3. Assignments.........................................................- 111 - 14.4. Tax Treatment.......................................................- 112 - SECTION 15. MISCELLANEOUS.......................................................- 112 - 15.1. Power of Attorney...................................................- 112 - 15.2. General Indemnity...................................................- 113 - 15.3. Survival of All Indemnities.........................................- 114 - 15.4. Modification of Agreement...........................................- 114 - 15.5. Severability........................................................- 114 - 15.6. English Language....................................................- 114 - 15.7. Cumulative Effect; Conflict of Terms................................- 114 - 15.8. Executi...
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Agreements Regarding Collateral and Examination Reports. ... 95 13.3. Reliance By Administrative Agent.............................. 96 13.4.
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Agreements Regarding Collateral and Examination Reports. 63 12.3. RELIANCE BY AGENT............................................................................... 64 12.4.
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Related to Agreements Regarding Collateral and Examination Reports

  • Agreements Regarding Collateral and Field Examination Reports (ll) Lien Releases;

  • Information Regarding Collateral All information supplied to Administrative Agent by or on behalf of any Loan Party with respect to any of the Collateral (in each case taken as a whole with respect to any particular Collateral) is accurate and complete in all material respects.

  • Access to Certain Documentation and Information Regarding the Collateral; Audits The Collateral Custodian shall provide to the Administrative Agent access to the Required Asset Documents and all other documentation regarding the Collateral including in such cases where the Administrative Agent is required in connection with the enforcement of the rights or interests of the Secured Parties, or by applicable statutes or regulations, to review such documentation, such access being afforded without charge but only (i) upon two Business Days prior written request, (ii) during normal business hours and (iii) subject to the Servicer’s and Collateral Custodian’s normal security and confidentiality procedures. Prior to the Closing Date and periodically thereafter at the discretion of the Administrative Agent, the Administrative Agent may review the Servicer’s collection and administration of the Collateral in order to assess compliance by the Servicer with the Credit and Collection Policy, as well as with this Agreement and may conduct an audit of the Collateral, Required Asset Documents in conjunction with such a review. Such review shall be reasonable in scope and shall be completed in a reasonable period of time. Without limiting the foregoing provisions of this Section 8.10, from time to time on request of the Administrative Agent, the Collateral Custodian shall permit certified public accountants or other auditors acceptable to the Administrative Agent to conduct, at the Servicer’s expense, a review of the Required Asset Documents and all other documentation regarding the Collateral.

  • Field Audits and Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and Information By becoming a party to this Agreement, each Lender:

  • Access and Examination 39 7.7 Insurance..........................................................................................39 7.8

  • Field Audit and Examination Reports; Disclaimer by Lenders By signing this Agreement, each Lender:

  • Field Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and Information By becoming a party to this Agreement, each Lender:

  • Access to Certain Documentation and Information Regarding Receivables The Servicer shall provide to representatives of the Trustee, the Owner Trustee and the Trust Collateral Agent reasonable access to the documentation regarding the Receivables. In each case, such access shall be afforded without charge but only upon reasonable request and during normal business hours. Nothing in this Section shall affect the obligation of the Servicer to observe any applicable law prohibiting disclosure of information regarding the Obligors, and the failure of the Servicer to provide access as provided in this Section as a result of such obligation shall not constitute a breach of this Section.

  • Collateral Reports Borrower shall deliver or cause to be delivered the following:

  • Inspection; Reports (a) The Shipowner will at all reasonable times afford the Mortgagee or its authorized representatives full and complete access to the Vessel for the purpose of inspecting the Vessel and her cargo and papers, including without limitation all records pertaining to the Vessel’s maintenance and repair, and, at the request of the Mortgagee, the Shipowner will deliver for inspection copies of any and all contracts and documents relating to the Vessel, whether on board or not.

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