Common use of Access Routes Clause in Contracts

Access Routes. Based upon the information provided Borrower in the Pledged Asset Documents, at the Closing Date of such Pledged Eligible Asset, (i) the underlying borrower had sufficient rights with respect to amenities, ingress and egress and similar matters to support the intended use described in the Underwriting Transmittal, and (ii) to the best of Borrower's knowledge, such Property was receiving or has access to adequate services from public or private water, sewer and other utilities.

Appears in 1 contract

Sources: Interim Warehouse and Security Agreement (Amresco Capital Trust)

Access Routes. Based upon the information provided the Borrower in the Pledged Asset Documents, at the Closing Date of such Pledged Eligible Asset, (i) the underlying borrower had sufficient rights with respect to amenities, ingress and egress and similar matters to support the intended use described in the Underwriting Transmittal, and (ii) to the best of the Borrower's knowledge, such Property was receiving or has access to adequate services from public or private water, sewer and other utilities.

Appears in 1 contract

Sources: Interim Warehouse and Security Agreement (Amresco Capital Trust)