Common use of Searches Clause in Contracts

Searches. The Agents and the Lender shall have received from the Borrower the results of a recent lien search in each of the jurisdictions in which Uniform Commercial Code financing statements or other filings or recordations should be made to evidence or perfect security interests in the Collateral, and such search shall reveal no Liens on any of the Collateral, and shall in all cases be reasonably satisfactory to the Lender.

Appears in 13 contracts

Samples: Loan Agreement, Loan Agreement (Nuveen Mortgage Opportunity Term Fund 2), Loan Agreement (Nuveen Mortgage Opportunity Term Fund 2)

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Searches. The Agents and the Lender shall have received from the Borrower the results of a recent lien search in each of the jurisdictions in which Uniform Commercial Code financing statements or other filings or recordations should be made to evidence or perfect security interests in the Facility Collateral, and such search shall reveal no Liens liens on any of the Facility Collateral, except for Permitted Liens, and shall in all cases be reasonably satisfactory to the Lender.

Appears in 3 contracts

Samples: Loan and Security Agreement (General Motors Corp), Loan and Security Agreement (General Motors Corp), Loan and Security Agreement

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