Collateral Examination definition
Examples of Collateral Examination in a sentence
The Parties acknowledge that Lender has performed an initial Collateral Examination prior to the execution of this Loan Agreement, and the representations and warranties in section 5.13 relating thereto (and to any subsequent Collateral Examination) must be correct.
The information concerning each Underlying Note and each Underlying Deed of Trust set forth in any list or schedule of Underlying Notes and Underlying Deeds of Trust provided to Lender for the Collateral Examination, Borrowing Base Certificate, or Collateral Pool Report will be true and correct as of the date presented.
Books and Records; Collateral Examination, Inspection and Appraisals.
Books and Records; Collateral Examination, Inspection and Appraisals...............44 Section 6.11.
Borrower shall pay to Agent, for Agent's own account, a collateral examination charge of $875 per day per individual, plus all travel and living expenses and other reasonable actual out-of-pocket expenses incurred, in connection with any field examination conducted by Agent (the "Collateral Examination Charge") payable on the Closing Date or as incurred after the Closing Date.
Collateral Examination: A satisfactory examination of all Borrower's collateral to be performed annually by collateral examiners acceptable to Trade Bank with reimbursement to Trade Bank by Borrower of all costs and expenses for each examination.
This Agreement will become effective once (a) all parties have executed and delivered this Agreement and all other Loan Documents; (b) Lender has received all of the items described on Schedule 5, each in Proper Form; (c) Lender has completed its due diligence and a Collateral Examination of Borrower; and (d) Lender has received such other documents from the Borrower as Lender may reasonably request.