Certain Acknowledgements and Search Reports Clause Samples
The 'Certain Acknowledgements and Search Reports' clause establishes the parties' agreement regarding the existence and review of specific information or documents, such as search reports or due diligence findings, relevant to the transaction. Typically, this clause requires one or both parties to acknowledge receipt or awareness of these reports, and may outline the scope of the searches conducted (for example, title, intellectual property, or regulatory searches). Its core function is to ensure transparency and mutual understanding about the information available at the time of the agreement, thereby reducing the risk of future disputes over undisclosed or unknown issues.
Certain Acknowledgements and Search Reports. The Administrative Agent shall have received (a) UCC, tax and judgment lien searches and (b) such other searches that the Administrative Agent deems necessary or appropriate.
Certain Acknowledgements and Search Reports. The Administrative Agent shall have received (a) UCC, tax and judgment lien searches, bankruptcy and pending lawsuit searches or equivalent reports or searches listing all effective lien notices or comparable documents that name the Company and HoldCo as debtor and that are filed in the jurisdiction in which the Company or HoldCo, as applicable, is organized and (b) such other searches that the Administrative Agent deems necessary or appropriate.
Certain Acknowledgements and Search Reports. The Administrative Agent shall have received (i) UCC, tax and judgment lien searches and bankruptcy searches or equivalent reports or searches indicating that there are no effective lien notices or comparable documents that name the Company as debtor and that are filed in the jurisdiction in which the Company is organized, (ii) a UCC lien search indicating that there are no effective lien notices or comparable documents that name the Seller as debtor which cover any of the Portfolio Investments and (iii) such other searches that the Administrative Agent deems necessary or appropriate.