Common use of Investigation of default Clause in Contracts

Investigation of default. If the Bank reasonably believes that an Event of Default is, or may be, continuing, the Bank may appoint a person to investigate this. Each Borrower agrees to cooperate with the person and comply with every reasonable request they make. If there is or was an Event of Default, the Borrowers agree to pay all Costs in connection with the investigation.

Appears in 4 contracts

Samples: Loan Agreement (Santander Bancorp), Loan Agreement (Santander Bancorp), Loan Agreement (Santander Bancorp)

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Investigation of default. If the Bank reasonably believes that an Event of Default is, or may be, continuing, the Bank may appoint a person to investigate this. Each Borrower agrees to cooperate co-operate with the person and comply with every reasonable request they make. If there is or was an Event of Default, the Borrowers agree to pay all Costs in connection with the investigation.

Appears in 3 contracts

Samples: Loan Agreement (Santander Bancorp), Bridge Facility Agreement (Santander Bancorp), Bridge Facility Agreement (Santander Bancorp)

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