Collateral verification definition

Collateral verification means the use of an agency, organization, or qualified individual who has knowledge of the requested eligibility information, and who the Department may use as a collateral contact when requested to do so or when documented verification is not available to the applicant.
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Examples of Collateral verification in a sentence

  • The Borrowers agree to reimburse the Administrative Agent for all reasonable audit and Collateral verification and examination expenses incurred by it with respect to each audit and Collateral verification of each Borrower conducted by the Administrative Agent no more than two (2) times annually unless an Event of Default has occurred.

  • The Borrower shall ------------------------------- cooperate with and assist the Lender and its agents in conducting a field examination, audit and appraisal of the Collateral once every quarter while any Obligations remain outstanding for the purpose of determining the value of the Collateral, verification of the Borrowing Base and Borrower's compliance with the Loan Documents.

  • The Borrower shall cooperate with and assist the Lender and its agents in conducting a field examination, audit and appraisal of the Collateral once every quarter while any Obligations remain outstanding for the purpose of determining the value of the Collateral, verification of the Borrowing Base and Borrower’s compliance with the Loan Documents.

  • The Borrowers agree to reimburse the Lender for all reasonable audit and Collateral verification and examination expenses incurred by it.

  • The Borrowers agree to reimburse the Lender for all reasonable audit and Collateral verification and examination expenses incurred by it for not more than one such examination per calendar year; provided the Borrowers agree to reimburse the Lender for all such expenses incurred by it if a Default or Event of Default has occurred or if such audit uncovers the occurrence of a Default or Event of Default.

  • The Borrower agrees to reimburse the Administrative Agent and each Lender for all audit and Collateral verification and examination expenses (which are documented by the Administrative Agent or such Lender in reasonable detail) incurred by it if and for so long as an Event of Default has occurred and is continuing.

  • The Borrowers agree to reimburse the Administrative Agent for all reasonable audit and Collateral verification and examination expenses incurred by it with respect to each audit and Collateral verification of each Borrower conducted by the Administrative Agent no more than once annually unless an Event of Default has occurred and is continuing.

  • The Borrower agrees to reimburse the Lender for all reasonable audit and Collateral verification and examination expenses incurred by it.

Related to Collateral verification

  • Busy Line Verification (BLV) means a service whereby an End User requests an operator to confirm the busy status of a line.

  • Verification Report As defined in Section 4.19.

  • Busy Line Verification (BLV) means a service whereby an End User requests an operator to confirm the busy status of a line.

  • Verification system means the system maintained by the department under section 19-24.1-31 for verification of registry identification cards.

  • Maintenance Inspection Report shall have the meaning set forth in Clause 15.2; “Maintenance Manual” shall have the meaning ascribed to it in Clause 10.7; “Maintenance Programme” shall have the meaning set forth in Clause 14.3; “Maintenance Period” shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause 14.2;