Common use of Credit and “Know Your Client” Searches Clause in Contracts

Credit and “Know Your Client” Searches. Buyer shall have received from Seller, reviewed and approved a credit agency report, Lexis-Nexis (or similar) searches and OFAC and “Know Your Client” searches conducted by search firms and/or title companies acceptable to Buyer with respect to Mortgagor and any guarantor (if applicable).

Appears in 3 contracts

Samples: Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.), Master Repurchase Agreement (Colony Credit Real Estate, Inc.), Master Repurchase Agreement (Resource Capital Corp.)

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Credit and “Know Your Client” Searches. Buyer shall have received from Seller, reviewed and approved a credit agency report, Lexis-Nexis (or similar) searches and OFAC and “Know Your Client” searches conducted by search firms and/or title companies acceptable to Buyer with respect to Mortgagor and any guarantor and their affiliates that own a 10% or greater direct or indirect interest in the Mortgaged Property (if applicable).

Appears in 2 contracts

Samples: Master Repurchase Agreement (Claros Mortgage Trust, Inc.), Master Repurchase Agreement (Claros Mortgage Trust, Inc.)

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Credit and “Know Your Client” Searches. Buyer shall have received from Sellerreceived, reviewed and approved a TRW credit agency report, Lexis-Nexis (or similar) searches and OFAC and “Know Your Client” searches conducted by search firms and/or title companies acceptable to Buyer with respect to Mortgagor and Mortgagor, any guarantor (if applicable)and their affiliates.

Appears in 1 contract

Samples: Master Repurchase Agreement (LoanCore Realty Trust, Inc.)

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