Borrower Property; Collateral Clause Samples

Borrower Property; Collateral. The Borrower shall have delivered to Lender, each in form and substance acceptable to Lender, a schedule as to all of the Borrower Property of the Borrower, copies of all documents by which the Borrower acquired its interests in the Borrower Property, copies of all l▇▇▇▇▇▇ reports or title opinions that Borrower received with respect to the Borrower Property, and a description of all other reports, documents, opinions, or other materials received by the Borrower with respect to the Borrower Property and a copy of any such other reports, documents, opinions, or other materials that the Lender requests. The Borrower represents that it has not obtained title insurance with respect to any Borrower Property. The Lender, in its sole discretion, will have determined that the Borrower’s rights with respect to the Borrower Property and the Collateral are acceptable. The Lender reserves the right to require, at the Borrower’s expense, title insurance with respect to the Borrower’s rights in the Borrower Property if title insurance later becomes commercially available and is requested by lenders as to loan transactions that are comparable to this transaction between the Borrower and the Lender.