Examples of Due Inquiry in a sentence
The Lender must certify that, if the Upsized Tranche is unsecured, then, following Due Inquiry with Respect to Liens and otherwise solely in reliance on the Borrower Certifications and Covenants delivered by the Borrower to the Lender, the Lender has no knowledge or reason to believe that the Borrower’s other Loans or Debt Instruments (other than Mortgage Debt) are secured at the time of origination of the Upsized Tranche.
Wikel and Lee Sweigart, and the knowledge that each such Person would have reasonably obtained after making Due Inquiry with respect to the particular matter in question.
The Lender must certify that, if the Eligible Loan is unsecured, then, following Due Inquiry with Respect to Liens and otherwise solely in reliance on the Lien and Collateral Valuation Reporting (as defined in the Borrower Certifications and Covenants) delivered by the Borrower to the Lender, the Lender has no knowledge or reason to believe that the Borrower’s other Loans or Debt Instruments (other than Mortgage Debt) are secured at the time of origination of the Eligible Loan.
Due Inquiry - due diligence in getting the best price without a publically sealed bid.
Section 1.A – Due Inquiry with Respect to Formation: Each co-borrower must be a “Business” that was established prior to March 13, 2020.