Common use of Lien Search Reports Clause in Contracts

Lien Search Reports. Lender shall have received satisfactory reports of UCC (collectively, the “UCC Searches”), federal tax lien, bankruptcy, state tax lien, judgment and pending litigation searches conducted by a search firm reasonably acceptable to Lender. Such searches shall have been received in relation to each Borrower and each equity owner in each Borrower, the Operating Lessee and each Manager. Such searches shall have been conducted in each of the locations designated by Lender in Lender’s reasonable discretion and shall have been dated not more than fifteen (15) days prior to the Closing Date.

Lien Search Reports. Lender shall have received satisfactory reports of UCC (collectively, the “"UCC Searches”"), federal tax lien, bankruptcy, state tax lien, judgment and pending litigation searches conducted by a search firm reasonably acceptable to Lender. Such searches shall have been received in relation to Borrower, each Borrower and each equity owner in each Mortgage Borrower, the Operating Lessee Lessee, and each Manager. Such searches shall have been conducted in each of the locations designated by Lender in Lender’s 's reasonable discretion and shall have been dated not more than fifteen (15) days prior to the Closing Date.

Lien Search Reports. Lender shall have received satisfactory reports of UCC (collectively, the “"UCC Searches”"), federal tax lien, bankruptcy, state tax lien, judgment and pending litigation searches conducted by a search firm reasonably acceptable to Lender. Such searches shall have been received in relation to each Borrower and each equity owner in each Borrower, the Operating Lessee Borrower and each Manager. Such searches shall have been conducted in each of the locations designated by Lender in Lender’s 's reasonable discretion and shall have been dated not more than fifteen (15) days prior to the Closing Date.