Common use of Reasonable Assurances Clause in Contracts

Reasonable Assurances. If, at any time during the term of the Agreement, Banks has reason to believe that Company is not conducting its business in accordance with, or otherwise is not satisfying: (i) all applicable statutes, regulations, rules, and notices of federal, state, or local governmental agencies or instrumentalities, all applicable requirements of Investors and Insurers and prudent industry standards or (ii) all applicable requirements of Banks, as set forth in this Agreement, then, Banks shall have the right to demand, pursuant to written notice from Banks to Company specifying with particularity the alleged act, error or omission in question, reasonable assurances from Company that such a belief is in fact unfounded, and any failure of Company to provide to Banks such reasonable assurances in form and substance reasonably satisfactory to Banks, within the time frame specified in such written notice shall itself constitute an Event of Default hereunder. Company hereby authorizes Banks to take such actions as may be necessary or appropriate to confirm the continued eligibility of Company for Advances hereunder, including without limitation (i) ordering credit reports and (ii) contacting mortgagors, licensing authorities and Investors or Insurers. ARTICLE IX

Reasonable Assurances. If, at any time during the term of the Agreement, Banks Bank has reason to believe that Company Borrower is not conducting its business in accordance with, or otherwise is not satisfying: (i) all applicable statutes, regulations, rules, and notices of federal, state, or local governmental agencies or instrumentalities, all applicable requirements of Investors and Insurers and prudent industry standards or (ii) all applicable requirements of BanksBank, as set forth in this Agreement, then, Banks Bank shall have the right to demand, pursuant to written notice from Banks Bank to Company Borrower specifying with particularity the alleged act, error or omission in question, reasonable assurances from Company Borrower that such a belief is in fact unfounded, and any failure of Company Borrower to provide to Banks Bank such reasonable assurances in form and substance reasonably satisfactory to BanksBank, within the time frame specified in such written notice shall itself constitute an Event of Default hereunder. Company Borrower hereby authorizes Banks Bank to take such actions as may be necessary or appropriate to confirm the continued eligibility of Company Borrower for Advances hereunder, including without limitation (i) ordering credit reports and (ii) contacting mortgagorslicensing authorities, licensing authorities Agencies and Investors or Insurers. ARTICLE IX.

Reasonable Assurances. If, at any time during the term of the --------------------- Agreement, Banks Lender has reason to believe that Company is not conducting its business in accordance with, or otherwise is not satisfying: (i) all applicable statutes, regulations, rules, and notices of federal, state, or local governmental agencies or instrumentalities, all applicable requirements of Investors and Insurers and prudent industry standards or (ii) all applicable requirements of BanksLender, as set forth in this Agreement, then, Banks Lender shall have the right to demand, pursuant to written notice from Banks Lender to Company specifying with particularity the alleged act, error or omission in question, reasonable assurances from Company that such a belief is in fact unfounded, and any failure of Company to provide to Banks Lender such reasonable assurances in form and substance reasonably satisfactory to BanksLender, within the time frame specified in such written notice notice, shall itself constitute an Event of Default hereunder. Company hereby authorizes Banks Lender to take such actions as may be necessary or appropriate to confirm the continued eligibility of Company for Advances hereunder, including without limitation (i) ordering credit reports and (ii) contacting mortgagors, licensing authorities and Investors or Insurers. ARTICLE IX.

Reasonable Assurances. If, at any time during the term of the --------------------- Agreement, Banks Bank has reason to believe that Company is not conducting its business in accordance with, or otherwise is not satisfying: (i) all applicable statutes, regulations, rules, and notices of federal, state, or local governmental agencies or instrumentalities, all applicable requirements of Investors and Insurers and prudent industry standards or (ii) all applicable requirements of BanksBank, as set forth in this Agreement, then, Banks Bank shall have the right to demand, pursuant to written notice from Banks Bank to Company specifying with particularity the alleged act, error or omission in question, reasonable assurances from Company that such a belief is in fact unfounded, and any failure of Company to provide to Banks Bank such reasonable assurances in form and substance reasonably satisfactory to BanksBank, within the time frame specified in such written notice shall itself constitute an Event of Default hereunder. Company hereby authorizes Banks Bank to take such actions as may be necessary or appropriate to confirm the continued eligibility of Company for Advances hereunder, including without limitation (i) ordering credit reports and (ii) contacting mortgagors, licensing authorities and Investors or Insurers. ARTICLE IX.

Reasonable Assurances. If, at any time during the term of the Agreement, Banks Bank has reason to believe that Company is not conducting its business in accordance with, or otherwise is not satisfyingsatisfying in all material respects: (i) all applicable statutes, regulations, rules, and notices of federal, state, or local governmental agencies or instrumentalities, all applicable requirements of Investors and Insurers and prudent industry standards or (ii) all applicable requirements of BanksBank, as set forth in this Agreement, then, Banks B ark shall have the right to demand, pursuant to written notice from Banks Bank to Company specifying with particularity particularity, the alleged act, error or omission in question, reasonable assurances from Company that such a belief is in fact unfounded, and any failure of Company to provide to Banks Bank such reasonable assurances in form and substance reasonably satisfactory to BanksBank, within the time frame specified in such written notice shall itself constitute an Event of Default hereunder. Company hereby authorizes Banks Bank to take such actions as may be necessary or appropriate to confirm the continued eligibility of Company for Advances hereunder, including without limitation (i) ordering credit reports and (ii) contacting mortgagors, licensing authorities and Investors or Insurers. ARTICLE IX.

Reasonable Assurances. If, at any time during the term of --------------------- the Agreement, Banks Bank has reason to believe that Company Borrower is not conducting its business in accordance with, or otherwise is not satisfying: (i) all applicable statutes, regulations, rules, and notices of federal, state, or local governmental agencies or instrumentalities, all applicable requirements of Investors and Insurers and prudent industry standards or (ii) all applicable requirements of BanksBank, as set forth in this Agreement, then, Banks Bank shall have the right to demand, pursuant to written notice from Banks Bank to Company Borrower specifying with particularity the alleged act, error or omission in question, reasonable assurances from Company Borrower that such a belief is in fact unfounded, and any failure of Company Borrower to provide to Banks Bank such reasonable assurances in form and substance reasonably satisfactory to BanksBank, within the time frame specified in such written notice shall itself constitute an Event of Default hereunder. Company Borrower hereby authorizes Banks Bank to take such actions as may be necessary or appropriate to confirm the continued eligibility of Company Borrower for Advances hereunder, including without limitation (i) ordering credit reports and (ii) contacting mortgagorslicensing authorities, licensing authorities Agencies and Investors or Insurers. ARTICLE IX.