Common use of Submission of Information Clause in Contracts

Submission of Information. Submit to the Bank in a reasonable term defined by the Bank’s written request, in the form acceptable to the Bank, any document and/or information, which: Describes data on possible, potential and/or existing administrative, court (including arbitration court) and/or other similar disputes and/or legal proceedings, which may have significant impact on the Owner’s ability to fulfill obligations assumed under the Agreement which includes without limitations disputes or legal proceedings related to the Mortgaged Property and solvency/bankruptcy; Is necessary for the Bank to observe and fulfill requirements of the Legislation; Is reasonably required by the Bank (for the purpose of monitoring the fulfillment of obligations assumed by the Owner under the Agreement).

Submission of Information. Submit to the Bank in a reasonable term defined by the Bank’s written request, in the form acceptable to the Bank, any document and/or information, which: Describes data on possible, potential and/or existing administrative, court (including arbitration court) and/or other similar disputes and/or legal proceedings, which may have significant impact on the OwnerPledgor’s ability to fulfill obligations assumed under the Agreement which includes without limitations disputes or legal proceedings related to the Mortgaged Property Collateral and solvency/bankruptcy; Is necessary for the Bank to observe and fulfill requirements of the Legislation; Is reasonably required by the Bank (for the purpose of monitoring the fulfillment of obligations assumed by the Owner Pledgor under the Agreement).