Representations by the Lender. With respect to any Eligible Loan that the Lender files for enrollment under this Agreement, the Lender makes the following representations and warranties as of the time of each filing:
Representations by the Lender. As of the Effective Date, the date each Eligible Loan is enrolled in the Program as an Enrolled Loan (including any subsequent permitted enrollment as a result of refinancing), and the date the Lender files any Claim hereunder, the Lender represents and warrants to the MSF:
Representations by the Lender. The Lender hereby represents and warrants to the Company as follows:
Representations by the Lender. With respect to any loan that the Lender files for enrollment under this Agreement:
Representations by the Lender. The Lender represents and warrants to Development that:
Representations by the Lender. The Lender represents and warrants to Development that: The Lender is a validly organized financial institution registered to do business in the State of Ohio with the power and authority to enter into and perform its obligations under this Enhancement Agreement; The execution and performance of this Enhancement Agreement by Lender has been duly authorized by proper action of Lender and will not violate or conflict with any agreement, instrument by which the Lender is bound. To the best of its knowledge, Lender is in compliance with all federal, state, and local laws, rules, and regulations to which Lender is subject and there are no regulatory, enforcement or other actions, suits or proceedings pending or threatened against Lender which, if adversely determined, would individually or in the aggregate impair the ability of Lender to participate in the Program or perform its obligations under this Enhancement Agreement. Each Loan submitted by Lender to Development for participation in the Collateral Enhancement Program shall be valid, binding and enforceable obligations of the Borrower. Lender shall document the Loan in a legally sound manner, which may include a loan agreement containing a confession of judgment, a promissory note containing a cognovit provision and confession of judgment, and security documents such as a mortgage or security agreement and properly filed Uniform Commercial Code financing statements, as the Lender deems appropriate and necessary to support the enforcement and collection of the loan obligation. The individual executing this Enhancement Agreement on behalf of Lender has been duly authorized and empowered to obligate Lender to the terms of this Enhancement Agreement. The certifications and representations made in the Lender Collateral Enhancement Program application remain true and correct.
Representations by the Lender. With respect to each loan that the Lender files for enrollment in the Program pursuant to Article IV (a “Filed Loan”), the Lender makes the following representations and warranties as of the time of such filing:
Representations by the Lender. The Lender represents and warrants to Development that: The Lender is a validly organized Financial Institution registered to do business in the State of Ohio with the power and authority to enter into and perform its obligations under this Deposit Agreement; The execution and performance of this Deposit Agreement by Lender has been duly authorized by proper action of Lender and will not violate or conflict with any agreement, instrument by which the Lender is bound. To the best of its knowledge, Lender is in material compliance with all federal, state, and local laws, rules, and regulations to which Lender is subject, and in compliance with all of the requirements necessary to participate in the Collateral Enhancement Program. Each Loan submitted by Lender to Development for participation in the Collateral Enhancement Program shall be valid, binding and enforceable obligation of the Borrower. Lender shall document the Loan in a legally sound manner, which may include a loan agreement containing a confession of judgment, a promissory note containing a cognovit provision and confession of judgment, and security documents such as a mortgage or security agreement and properly filed Uniform Commercial Code financing statements, as the Lender deems appropriate and necessary to support the enforcement and collection of the loan obligation. The individual executing this Deposit Agreement on behalf of Lender has been duly authorized and empowered to obligate Lender to the terms of this Deposit Agreement. The certifications and representations made in the Lender’s Collateral Enhancement Program Lender’s application remain true and correct.
Representations by the Lender. The Lender makes the following representations and warranties:
Representations by the Lender. With respect to any loan that the Lender files for enrollment hereunder, the Lender makes the following representations and warranties as of the time of each such filing: The Lender has obtained from the Borrower the following representations and warranties, and, based on knowledge that the Lender has after reasonable inquiry, the Lender has no substantial reason to believe that such representations and warranties are not true:
