Property Searches. Title Insurance Commitment, Surveys, zoning reports, evidence of zoning compliance and such other searches and due diligence as the Lender shall require regarding each Property;
Property Searches official priority searches relating to the properties charged under the Security Documents, in favor of Fleet U.K. in respect of any registered or unregistered titles giving a sufficient period of priority and showing that no adverse entry exists.
Property Searches official priority searches relating to the properties charged under the Original Security Documents in favour of the Security Agent in respect of any registered titles giving a sufficient period of priority and official priority searches relating to the properties charged under the Original Security Documents in favour of the Security Agent in respect of any unregistered land in respect of each of the land charges registers giving a sufficient period of priority.
Property Searches. If there is reasonable suspicion to believe that an employee is in possession of drugs or alcohol on HAYC property or during working time, as described in the Policy, any personal item (lunch bags, packages, backpacks, etc.) that the Authority reasonably believes may contain such drugs or alcohol is subject to search. In the event an employee refuses to permit such a limited search, the Authority will not force the search. The employee will, however, be subject to discipline for insubordination. Likewise, all HAYC property including desks, equipment, vehicles, etc. will remain the property of the HAYC and will likewise be subject to search if there is reasonable suspicion that the desk, vehicle, item, etc. being searched contains drugs or alcohol. In addition, HAYC property is subject to general access by coworkers, supervisors and managers. This policy is not intended to restrict such access. When feasible, searches will be conducted by two supervisory or management employees. The Executive Director or his/her designee must approve all such searches of employee property in advance. The clothing or body of an employee will not be forcibly searched, nor will any employee be subject to discipline for refusal of such a search. Reasonable efforts will be made to respect an employee’s integrity and privacy in carrying out searches. All illegal drugs or drug paraphernalia found in or on HAYC property will be released to the appropriate law enforcement agency.
Property Searches. Official priority searches being delivered to the Mezzanine Agent relating to the Properties in favour of the Mezzanine Agent for itself and for each of the Mezzanine Finance Parties, their respective successors and assigns in respect of any registered titles giving a sufficient period of priority and official priority searches in favour of the Mezzanine Agent for itself and for each of the Mezzanine Finance Parties, their respective successors and assigns in respect of any unregistered land relating to the Properties in respect of each of the land charges registers against all relevant estate owners which each confer a sufficient period of priority.
Property Searches. Within 30 days after the Effective Date, the Company shall cause a law firm mutually acceptable to the Company and the Agent (the "Designated Firm") to prepare and deliver to the Agent a summary, after due investigation, with respect to each of the Company's ten most valuable parcels of real estate (based upon assessed value), that describes, in reasonable detail, all liens, encumbrances and other rights with respect to each such parcel (such summary, the "Partial Property Search Summary"). If, based on the Partial Property Search Summary, the priority of the lien of the Mortgage is neither a first nor a second priority lien on any of such parcels included in the Partial Property Search Summary and, in the reasonable opinion of the Agent or any of the Banks, such subordinate position could have a material and adverse effect on the ability of the Banks to realize value from the Mortgaged Property in an amount at least equal to the Aggregate Commitments upon the occurrence of an Event of Default, then the Agent or any of the Banks shall have the right to require the Company, at the Company's sole cost and expense, to cause the Designated Firm to prepare and deliver to the Agent a summary, after due investigation, with respect to each parcel of real estate constituting the Mortgaged Property that describes, in reasonable detail, all liens, encumbrances and other rights with respect to each such parcel (such summary, the "Full Property Search Summary").
Property Searches. With the exception of any property searches provided by the Vendor to the Purchaser at the date hereof the Vendor agrees that if the results of any other property searches carried out in respect of the Properties disclose materially adverse matters which would (but for the deemed disclosure of information standing to be revealed by searches as referred to in the Disclosure Letter) have led to a successful claim by the Purchaser for breach of any of the property warranties as set out in clause 21 of schedule 7 then the Vendor will, notwithstanding the existence of such deemed disclosure and the resulting inability of the Purchaser to make a warranty claim, pay to the Purchaser fifty per cent of the amount it would have had to have paid had the Purchaser made a successful warranty claim. For the avoidance of doubt all other provisions in this Agreement relating to warranty claims shall apply mutatis mutandis to this clause 9.13 with the exception that the relevant time limit for the purposes of clause 9.2(A) will be 30 April 2002.
