Common use of Operational Reviews Clause in Contracts

Operational Reviews. From time to time upon reasonable advance request, the Borrowers shall permit the Lender or its representative access to its premises and records, for the purpose of conducting a review of the Borrowers' general mortgage business methods, policies, and procedures, auditing loan files and reviewing financial and operational aspects of the Borrowers' business; provided, that unless a Default or an Event of Default has occurred and is continuing the Lender shall not conduct more than 2 such reviews in any calendar.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (American Business Financial Services Inc /De/)

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Operational Reviews. From time to time upon reasonable advance request, the Borrowers shall permit the Lender or its representative access to its their premises and records, for the purpose of conducting a review of the Borrowers' general mortgage business methods, policies, and procedures, auditing loan files and reviewing financial and operational aspects of the Borrowers' business; provided, that unless a Default or an Event of Default has occurred and is continuing the Lender shall not conduct more than 2 such reviews in any calendar.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (BNC Mortgage Inc)

Operational Reviews. From time to time upon reasonable advance request, the ------------------- Borrowers shall permit the Lender or its representative access to its premises and records, for the purpose of conducting a review of the Borrowers' general mortgage business methods, policies, and procedures, auditing loan files and reviewing financial and operational aspects of the Borrowers' business; provided, that unless a Default or an Event of Default has occurred and is continuing the Lender shall not conduct more than 2 such reviews in any calendar.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Novastar Financial Inc)

Operational Reviews. From time to time upon reasonable advance request, the ------------------- Borrowers shall permit the Credit Agent, any Lender or its their representative access to its premises and records, records for the purpose of conducting a review of the Borrowers' general mortgage business methods, policies, and procedures, auditing loan files and reviewing financial and operational aspects of the Borrowers' business; provided, that unless a Default or an Event of Default has occurred and is continuing the Lender shall not conduct more than 2 such reviews in any calendar.

Appears in 1 contract

Samples: Credit and Security Agreement (WMF Group LTD)

Operational Reviews. From time to time upon reasonable advance request24 hours notice to the Borrower, the Borrowers Borrower shall permit the Lender or its representative access to its premises and records, records for the purpose of conducting a review of the Borrowers' Borrower's general mortgage business methods, policies, and procedures, auditing loan files and reviewing financial and operational aspects of the Borrowers' Borrower's business; provided, that unless a Default or an Event of Default has occurred and is continuing the Lender shall not conduct more than 2 such reviews in any calendar.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Novastar Financial Inc)

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Operational Reviews. From time to time upon reasonable advance request, the Borrowers Borrower shall permit the Lender or its representative access to its premises and records, records for the purpose of conducting a review of the Borrowers' Borrower's general mortgage business methods, policies, and procedures, auditing loan files and reviewing financial and operational aspects of the Borrowers' Borrower's business; provided, that unless a Default or an Event of Default has occurred and is continuing the Lender shall not conduct more than 2 such reviews in any calendar.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Bingham Financial Services Corp)

Operational Reviews. From time to time upon reasonable advance request, the Borrowers shall permit the Lender or its representative access to its their premises and records, records for the purpose of conducting a review of the Borrowers' general mortgage business methods, policies, and procedures, auditing loan files and reviewing financial and operational aspects of the Borrowers' business; provided, that unless a Default or an Event of Default has occurred and is continuing the Lender shall not conduct more than 2 such reviews in any calendarbusinesses.

Appears in 1 contract

Samples: Credit and Security Agreement (WMF Group LTD)

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