Valuations that Disclose Sample Clauses

Valuations that Disclose a Decrease in Collateral Pool ------------------------------------------------------ Value. ----- If any Valuation discloses that the Market Value of any Collateral Pool Property has decreased below the then current Market Value of such Collateral Pool Property, then the Market Value of such Collateral Pool Property and the Collateral Pool Value shall be deemed to have decreased by such amount and Lender shall thereafter notify Borrower of the decreased Market Value of such Collateral Pool Property(ies) at the time Lender delivers the results of the Valuation to Borrower. In the event that any such Valuation shall cause Borrower to be in non-compliance with the Sublimits set forth in Section 2.1.1, ------------- Borrower shall within fifteen (15) days of notice from Lender of such decrease, cure the same by bringing the Loan into compliance with the Sublimits by either (i) adding a real property pursuant to Section 2.9, (ii) prepaying, in ----------- accordance with provisions of Section 4.3, so much of the Loan as is necessary ----------- to cause compliance with the Sublimits, or (iii) delivering a standby, irrevocable letter of credit in favor of Lender in an amount equal to the required reduction of the Loan as would be necessary to bring Borrower within compliance with the Sublimits, provided that such letter of credit shall (a) be -------- ---- in form and substance acceptable to Lender and issued by an institution with a credit rating of "A" or better, (b) be renewed by Borrower within thirty (30) days of its expiration date, unless such letter of credit is no longer necessary in order to cause compliance with the Sublimits, and (c) be maintained in an amount equal to the required reduction of the Loan as would be necessary to bring Borrower within compliance with the Sublimits.
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Related to Valuations that Disclose

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  • No Duty of Investigation; Notice in Trust Instruments, Etc No purchaser, lender, transfer agent or other Person dealing with the Trustees or any officer, employee or agent of the Trust or a Series thereof shall be bound to make any inquiry concerning the validity of any transaction purporting to be made by the Trustees or by said officer, employee or agent or be liable for the application of money or property paid, loaned, or delivered to or on the order of the Trustees or of said officer, employee or agent. Every obligation, contract, instrument, certificate, Share, other security of the Trust or a Series thereof or undertaking, and every other act or thing whatsoever executed in connection with the Trust shall be conclusively presumed to have been executed or done by the executors thereof only in their capacity as Trustees under this Declaration or in their capacity as officers, employees or agents of the Trust or a Series thereof. Every written obligation, contract, instrument, certificate, Share, other security of the Trust or a Series thereof or undertaking made or issued by the Trustees may recite that the same is executed or made by them not individually, but as Trustees under the Declaration, and that the obligations of the Trust or a Series thereof under any such instrument are not binding upon any of the Trustees or Shareholders individually, but bind only the Trust Property or the Trust Property of the applicable Series, and may contain any further recital which they may deem appropriate, but the omission of such recital shall not operate to bind the Trustees individually. The Trustees shall at all times maintain insurance for the protection of the Trust Property or the Trust Property of the applicable Series, its Shareholders, Trustees, officers, employees and agents in such amount as the Trustees shall deem adequate to cover possible tort liability, and such other insurance as the Trustees in their sole judgment shall deem advisable.

  • Certification Regarding Business with Certain Countries and Organizations Pursuant to Subchapter F, Chapter 2252, Texas Government Code, PROVIDER certifies it is not engaged in business with Iran, Sudan, or a foreign terrorist organization. PROVIDER acknowledges this Purchase Order may be terminated if this certification is or becomes inaccurate.

  • Lobbying Activities - Standard Form - LLL No response Do not upload this form unless Vendor has reportable lobbying activities. There are Attributes entitled, “2 CFR Part 200 or Federal Provision - Xxxx Anti-Lobbying Amendment – Continued.” Properly respond to those Attributes and only upload this form if applicable/instructed. If upload is required based on your response to those Attributes, the Disclosure of Lobbying Activities – Standard Form - LLL must be downloaded from the “Attachments” section of the IonWave eBid System, reviewed, properly completed, and uploaded to this location.

  • Access to Information; Independent Investigation Prior to the execution of this Agreement, the Subscriber has had the opportunity to ask questions of and receive answers from representatives of the Company concerning an investment in the Company, as well as the finances, operations, business and prospects of the Company, and the opportunity to obtain additional information to verify the accuracy of all information so obtained. In determining whether to make this investment, Subscriber has relied solely on Subscriber’s own knowledge and understanding of the Company and its business based upon Subscriber’s own due diligence investigation and the information furnished pursuant to this paragraph. Subscriber understands that no person has been authorized to give any information or to make any representations which were not furnished pursuant to this Section 2 and Subscriber has not relied on any other representations or information in making its investment decision, whether written or oral, relating to the Company, its operations and/or its prospects.

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