Due Diligence Package definition

Due Diligence Package shall have the meaning specified in Exhibit VII to this Agreement.

Due Diligence Package means, with respect to any Eligible Asset, (a) the items on the Due Diligence Checklist, in the case of each item, to the extent applicable, (b) the Requested Exceptions Report and (c) such other documents or information as Buyer or its counsel shall reasonably deem necessary.

Due Diligence Package has the meaning provided in Section 3.3. ---------------------

Examples of Due Diligence Package in a sentence

• Receiving Party has requested from Agent an information package (“Due Diligence Package”), and Agent is willing to provide Receiving Party with the requested Due Diligence Package for Receiving Party’s use, provided that Receiving Party executes and delivers this Agreement as a condition to the release of the Due Diligence Package to Receiving Party.

• The Junior Mezzanine Lenders shall have received all deliveries required under Section 2.3.5 of the Junior Mezzanine Loan Agreements, including, but not limited to, insurance certificates naming Junior Mezzanine Lenders with respect to the Substitute Property, a copy of the owner’s title insurance policy and related mezzanine endorsement (if available in such State) and copies of the Substitution Due Diligence Package and all final deliveries to Mortgage Lender under this Section 2.3.5.

• Seller shall deliver to Buyer: (x) with respect to any New Loan that is a Pre-Existing Loan, copies of the Purchased Loan Documents, except for such Purchased Loan Documents that Seller expressly and specifically disclosed in Seller’s Preliminary Due Diligence Package were not in Seller’s possession; and (y) with respect to any New Loan that is an Originated Loan, drafts of the Purchased Loan Documents.

• Upon Buyer’s receipt or waiver of such Supplemental Due Diligence Package, Buyer shall, in its sole discretion, within five (5) Business Days, either (i) notify Seller of its intent to proceed with the Transaction together with its determination of the Purchase Price and the Market Value for the related New Asset (such notice, a “Preliminary Approval”) or (ii) deny Seller’s request.

• Seller shall initiate each request by submitting a Preliminary Due Diligence Package for Buyer’s review and approval.

More Definitions of Due Diligence Package

Due Diligence Package means (i) the Collateral Tape, (ii) the items on the Eligible Loan Due Diligence Checklist, in each case to the extent applicable and (iii) such other documents or information as Buyer or its counsel shall reasonably deem necessary.

Due Diligence Package means with respect to each Mortgage Loan or Underlying Mortgage Loan to be pledged to the Lender hereunder (a) all materials in the possession or under the control of the Borrower, which materials shall include, without limitation, (i) the Borrower's analysis of the seller and the Subservicer,

Due Diligence Package means (i) the Loan Asset Summary Report, (ii) the items on the Eligible Loan Due Diligence Checklist, in each case to the extent applicable, and (iii) such other documents, certifications or information as Buyer or its counsel shall reasonably deem necessary.

Due Diligence Package. With respect to a Loan, collectively, (i) a complete and accurate internal credit write-up with respect to the related Borrower, (ii) a site inspection and valuation report with respect to the Mortgaged Property consistent with the Underwriting Guidelines, (iii) (x) if such Loan is a C&G Store Mortgage Loan, a copy of the schedule to the insured properties declaration of the Environmental Policy or letter from an Environmental Insurer evidencing that such Mortgage Loan is covered by the Environmental Policy and (y) in the case of each other Mortgage Loan, (I) (x) a copy of a Phase I environmental assessment conducted with respect to the related Mortgaged Property, that concluded that no further investigation of the related Mortgaged Property was necessary or (y) in those cases where the Phase I environmental assessment concluded that further investigation of such Mortgaged Property was necessary, copies of the Phase II environmental assessments conducted with respect to the related Mortgaged Property, evidencing that no remediation or other further action was required with respect to such Mortgaged Property or (II) a copy of the schedule to the insured properties declaration of the Environmental Policy or letter from an Environmental Insurer evidencing that such Mortgage Loan is covered by the Environmental Policy, (iv) a complete description of any modifications made to such Loan since the completion of funding contemplated under the applicable Loan Documents, without limitation, any information concerning any prior borrower with respect to any of the related Loan Collateral, (v) the Corporate Fixed Charge Coverage Ratio and the Unit-Level Fixed Charge Coverage Ratio, (vi) information concerning all pending or overtly threatened lawsuits and legal actions related to the Borrower and actually known by the Loan Originator which are reasonably expected to result in cumulative liabilities of $100,000 or more net of expected recoveries from insurance or other third party sources, together with an estimate by the Loan Originator as to the potential financial and operational magnitude of the related lawsuit and (vii) such other information as may be reasonably requested by the Majority Noteholders from time to time.

Due Diligence Package means collectively the documents in the form of Annex G-2 and information collected by Vendor pursuant thereto.

Due Diligence Package shall have the meaning specified in Exhibit VIII to this Agreement, and any other similar information with respect to a Foreign Purchased Asset.

Due Diligence Package means, with respect to any Property added to the Unencumbered Asset Pool after the Closing Date, the due diligence and underwriting materials customarily prepared by or for Borrower (or its Subsidiaries) in connection with the acquisition of the Property, which due diligence and underwriting materials shall be in the same format as prior Due Diligence Packages previously delivered to Agent.