Due Diligence and Commitment Letter Clause Samples

Due Diligence and Commitment Letter. The Borrowers shall (a) use commercially reasonable efforts to deliver to the Administrative Agent, promptly following the receipt thereof, any appraisals, due diligence reports or other materials (in their respective final form, inclusive of all amendments and supplements thereto) prepared by, or provided by third party professionals to, the Refinancing Lender or any of its Affiliates in connection with its due diligence in respect of the Refinancing; provided that in the event the Borrowers are unable to provide the foregoing due to limitations imposed by the Refinancing Lender, then (i) the Borrowers shall promptly deliver to the Administrative Agent any equivalent reports and appraisals in their possession and (ii) to the extent necessary to effect the security interests contemplated in Section 7.1.14, reimburse the Administrative Agent for reasonable and actual costs and expenses of third party professionals retained by the Administrative Agent to conduct any of the due diligence referred to in this clause (a), but only to the extent such reports and appraisals are not received from the Borrowers pursuant to the forgoing clause (i) and (b) deliver to the Administrative Agent, promptly following the receipt thereof, the commitment letter (including related term sheets and other attachments) setting forth the commitment of the Refinancing Lender and/or any its Affiliates to arrange or underwrite the financing necessary to consummate the Refinancing.