Common use of Conditions to Lending Clause in Contracts

Conditions to Lending. 2.1 We’ll only make the amount of credit available to you when we’re satisfied that the following conditions have been met: (a) we’re satisfied as to the title of any security, and we’re satisfied that any charges, including land tax, council rates, and water fees in relation to each security have been paid and are up to date (b) we’ve received every document relevant to a security and each document has been completed to our satisfaction (c) we’ve received any report, consent, valuation, certificate, approval, information, or any other document that we reasonably require, in a form satisfactory to us (d) we’ve received a copy of the relevant insurance policy over any security, with our interest as mortgagee noted (e) we’re satisfied with the results of all searches and enquiries we and our consultants have done in connection with you, any security and any works (f) you’ve given us all other documents and information we’ve reasonably requested (g) all information we’ve been given (including each declaration given in this contract and any document evidencing a security) is correct, complete and not misleading (h) we’ve received a certificate of independent advice from a solicitor for you and each security provider in a form satisfactory to us if we require it (i) if the loan will be secured by a guarantee and indemnity, you’ve provided us with a guarantee and indemnity signed by each relevant security provider (j) you’re not in default under this contract. 2.2 You represent and warrant that all information you’ve provided to us in connection with this contract, including information about you and your financial affairs and any security interest, is true and correct.

Conditions to Lending. 2.1 We’ll only make the amount of credit available to you when we’re satisfied that the following conditions have been met: (a) we’re satisfied as to the title of any security, and we’re satisfied that any charges, including land tax, council rates, and water fees in relation to each security have been paid and are up to date (b) we’ve received every document relevant to a security and each document has been completed to our satisfaction (c) we’ve received any report, consent, valuation, certificate, approval, information, or any other document that we reasonably require, in a form satisfactory to us (d) we’ve received a copy of the relevant insurance policy over any security, with our interest as mortgagee noted (e) we’re satisfied with the results of all searches and enquiries we and our consultants have done in connection with you, any security and any works (f) you’ve given us all other documents and information we’ve reasonably requested (g) all information we’ve been given (including each declaration given in this contract and any document evidencing a security) is correct, complete and not misleading (h) we’ve received a certificate of independent advice from a solicitor for you and each security provider in a form satisfactory to us if we require it (i) if the loan will be secured by a guarantee and indemnity, you’ve provided us with a guarantee and indemnity signed by each relevant security provider (j) you’re not in default under this contract. 2.2 You represent and warrant that all information you’ve provided to us in connection with this contract, including information about you and your financial affairs and any security interest, is true and correct. 2.3 We may refuse to make the amount of credit (including any amount of credit not yet advanced if your loan is a construction loan) available to you if: (a) we reasonably believe you may not be able to meet your obligations under the contract due to a change in your financial position since the disclosure date; (b) we reasonably consider it is necessary to do so to ensure we comply with any laws or regulatory obligations