Common use of Reasonable Assurances Clause in Contracts

Reasonable Assurances. If, at any time during the term of the --------------------- Agreement, Lender has reason to believe that Company is not conducting its business in accordance with, or otherwise is not satisfying: (i) all applicable statutes, regulations, rules, and notices of federal, state, or local governmental agencies or instrumentalities, all applicable requirements of Investors and Insurers and prudent industry standards or (ii) all applicable requirements of Lender, as set forth in this Agreement, then, Lender shall have the right to demand, pursuant to written notice from Lender to Company specifying with particularity the alleged act, error or omission in question, reasonable assurances from Company that such a belief is in fact unfounded, and any failure of Company to provide to Lender such reasonable assurances in form and substance reasonably satisfactory to Lender, within the time frame specified in such written notice, shall itself constitute an Event of Default hereunder. Company hereby authorizes Lender to take such actions as may be necessary or appropriate to confirm the continued eligibility of Company for Advances hereunder, including without limitation (i) ordering credit reports and (ii) contacting mortgagors, licensing authorities and Investors or Insurers.

Reasonable Assurances. If, at any time during the term of the --------------------- Agreement, Lender Bank has reason to believe that Company Borrower is not conducting its business in accordance with, or otherwise is not satisfying: (i) all applicable statutes, regulations, rules, and notices of federal, state, or local governmental agencies or instrumentalities, all applicable requirements of Investors and Insurers and prudent industry standards or (ii) all applicable requirements of LenderBank, as set forth in this Agreement, then, Lender Bank shall have the right to demand, pursuant to written notice from Lender Bank to Company Borrower specifying with particularity the alleged act, error or omission in question, reasonable assurances from Company Borrower that such a belief is in fact unfounded, and any failure of Company Borrower to provide to Lender Bank such reasonable assurances in form and substance reasonably satisfactory to LenderBank, within the time frame specified in such written notice, notice shall itself constitute an Event of Default hereunder. Company Borrower hereby authorizes Lender Bank to take such actions as may be necessary or appropriate to confirm the continued eligibility of Company Borrower for Advances hereunder, including without limitation (i) ordering credit reports and (ii) contacting mortgagorslicensing authorities, licensing authorities Agencies and Investors or Insurers.

Reasonable Assurances. If, at any time during the term of --------------------- the --------------------- Agreement, Lender Bank has reason to believe that Company Borrower is not conducting its business in accordance with, or otherwise is not satisfying: (i) all applicable statutes, regulations, rules, and notices of federal, state, or local governmental agencies or instrumentalities, all applicable requirements of Investors and Insurers and prudent industry standards or (ii) all applicable requirements of LenderBank, as set forth in this Agreement, then, Lender Bank shall have the right to demand, pursuant to written notice from Lender Bank to Company Borrower specifying with particularity the alleged act, error or omission in question, reasonable assurances from Company Borrower that such a belief is in fact unfounded, and any failure of Company Borrower to provide to Lender Bank such reasonable assurances in form and substance reasonably satisfactory to LenderBank, within the time frame specified in such written notice, notice shall itself constitute an Event of Default hereunder. Company Borrower hereby authorizes Lender Bank to take such actions as may be necessary or appropriate to confirm the continued eligibility of Company Borrower for Advances hereunder, including without limitation (i) ordering credit reports and (ii) contacting mortgagorslicensing authorities, licensing authorities Agencies and Investors or Insurers.

Reasonable Assurances. If, at any time during the term of the --------------------- Agreement, Lender Banks has reason to believe that Company is not conducting its business in accordance with, or otherwise is not satisfying: (i) all applicable statutes, regulations, rules, and notices of federal, state, or local governmental agencies or instrumentalities, all applicable requirements of Investors and Insurers and prudent industry standards or (ii) all applicable requirements of LenderBanks, as set forth in this Agreement, then, Lender Banks shall have the right to demand, pursuant to written notice from Lender Banks to Company specifying with particularity the alleged act, error or omission in question, reasonable assurances from Company that such a belief is in fact unfounded, and any failure of Company to provide to Lender Banks such reasonable assurances in form and substance reasonably satisfactory to LenderBanks, within the time frame specified in such written notice, notice shall itself constitute an Event of Default hereunder. Company hereby authorizes Lender Banks to take such actions as may be necessary or appropriate to confirm the continued eligibility of Company for Advances hereunder, including without limitation (i) ordering credit reports and (ii) contacting mortgagors, licensing authorities and Investors or Insurers.. ARTICLE IX

Reasonable Assurances. If, at any time during the term of the --------------------- Agreement, Lender Bank has reason to believe that Company is not conducting its business in accordance with, or otherwise is not satisfyingsatisfying in all material respects: (i) all applicable statutes, regulations, rules, and notices of federal, state, or local governmental agencies or instrumentalities, all applicable requirements of Investors and Insurers and prudent industry standards or (ii) all applicable requirements of LenderBank, as set forth in this Agreement, then, Lender B ark shall have the right to demand, pursuant to written notice from Lender Bank to Company specifying with particularity particularity, the alleged act, error or omission in question, reasonable assurances from Company that such a belief is in fact unfounded, and any failure of Company to provide to Lender Bank such reasonable assurances in form and substance reasonably satisfactory to LenderBank, within the time frame specified in such written notice, notice shall itself constitute an Event of Default hereunder. Company hereby authorizes Lender Bank to take such actions as may be necessary or appropriate to confirm the continued eligibility of Company for Advances hereunder, including without limitation (i) ordering credit reports and (ii) contacting mortgagors, licensing authorities and Investors or Insurers.

Reasonable Assurances. If, at any time during the term of the --------------------- Agreement, Lender Bank has reason to believe that Company is not conducting its business in accordance with, or otherwise is not satisfying: (i) all applicable statutes, regulations, rules, and notices of federal, state, or local governmental agencies or instrumentalities, all applicable requirements of Investors and Insurers and prudent industry standards or (ii) all applicable requirements of LenderBank, as set forth in this Agreement, then, Lender Bank shall have the right to demand, pursuant to written notice from Lender Bank to Company specifying with particularity the alleged act, error or omission in question, reasonable assurances from Company that such a belief is in fact unfounded, and any failure of Company to provide to Lender Bank such reasonable assurances in form and substance reasonably satisfactory to LenderBank, within the time frame specified in such written notice, notice shall itself constitute an Event of Default hereunder. Company hereby authorizes Lender Bank to take such actions as may be necessary or appropriate to confirm the continued eligibility of Company for Advances hereunder, including without limitation (i) ordering credit reports and (ii) contacting mortgagors, licensing authorities and Investors or Insurers.