Diligence Agent definition

Diligence Agent means Radian Real Estate Management, LLC, together with its successors in such capacity or such other entity as mutually agreed between Administrative Agent and Borrower Representative.

Diligence Agent means (i) Green River Capital, LLC or, (ii) an institution designated by Lender, or (iii) in the event of a material breach by Diligence Agent under this Loan Agreement or the Diligence Agent Agreement, an institution designated by Lender.

Diligence Agent means, as of any date of determination, collectively, Green River Capital, LLC, and/or one or more other Persons designated by the Administrative Agent by written notice to the Borrower Representative and the Lenders at such date to be a “Diligence Agent”, subject to the Majority Lenders’ right to object to such designation within five (5) Business Days after being notified thereof or such shorter period in which the Majority Lenders consent thereto. The Diligence Agent may be removed upon at least 30 days’ prior written notice (or such shorter period as shall be acceptable to the Diligence Agent) by the Administrative Agent or, if a Diligence Agent Removal Event has occurred, the Majority Lenders, delivered to the Diligence Agent, the Lenders and the Borrower Representative; provided, however, in each case, that such removal shall not be effective until a successor Diligence Agent acceptable to the Administrative Agent has been selected, subject to the consent of the Majority Lenders within five (5) Business Days after the Lenders are notified thereof (or such shorter period in which the Majority Lenders consent thereto).

Examples of Diligence Agent in a sentence

• Promptly upon request of the Administrative Agent, the Borrowers shall post to the Administrative Agent’s online data room receipts evidencing payment of all Taxes due in respect of such sample of Financed Properties (by number) as may be reasonably requested by the Administrative Agent, which receipts shall be reviewed by the Diligence Agent to confirm that such Taxes have been paid on a timely basis.

• The Borrowers will cooperate reasonably to enable the Diligence Agent to inspect such Financed Properties before they become occupied.

• The Administrative Agent or the Majority Lenders shall cause the Diligence Agent to inspect a sample of up to ten percent (10%) by number of each Sample Pool for purposes of verifying compliance with the Renovation Standards, such sample to be selected by the Diligence Agent.

• If no exceptions are identified in such Preliminary Report, and no modifications of such Initial Borrowing Request are requested by (x) the Diligence Agent to reflect the results of its diligence review or (y) the Administrative Agent, such Initial Borrowing Request shall constitute a Final Borrowing Request and such Preliminary Report shall constitute a Final Report.

• If any such sample shows that any of such sampled Financed Properties are not then in compliance with the Renovation Standards, the Administrative Agent or the Majority Lenders may cause the Diligence Agent to subsequently inspect all or a larger sample of the Financed Properties in the Sample Pool to confirm compliance for such Financed Properties with the Renovation Standards.

More Definitions of Diligence Agent

Diligence Agent means, as of any date of determination, collectively, Radian Real Estate Management, LLC (formerly known as Green River Capital, LLC), and/or one or more other Persons designated by the Administrative Agent by written notice to the Borrower Representative and the Lenders at such date to be a “Diligence Agent.” The Diligence Agent may be removed upon at least 30 days’ prior written notice (or such shorter period as shall be acceptable to the Diligence Agent) by the Administrative Agent or, if a Diligence Agent Removal Event has occurred, the Majority Lenders, delivered to the Diligence Agent, the Lenders and the Borrower Representative; provided, however, in each case, that such removal shall not be effective until a successor Diligence Agent acceptable to the Administrative Agent has been selected.

Diligence Agent. Radian Real Estate Management, LLC, together with its successors in such capacity.

Diligence Agent means such Person as may be appointed by Administrative Agent in its sole good faith discretion to perform certain diligence services described herein.

Diligence Agent means, as of any date of determination, collectively, Green River Capital, LLC, and/or one or more other Persons designated by the Administrative Agent by written notice to the Borrower Representative and the Lenders at such date to be a “Diligence Agent”. The Diligence Agent may be removed upon at least 30 days’ prior written notice (or such shorter period as shall be acceptable to the Diligence Agent) by the Administrative Agent or, if a Diligence Agent Removal Event has occurred, the Majority Lenders, delivered to the Diligence Agent, the Lenders and the Borrower Representative; provided, however, in each case, that such removal shall not be effective until a successor Diligence Agent acceptable to the Administrative Agent has been selected, subject to the consent of the Majority Lenders within five (5) Business Days after the Lenders are notified thereof (or such shorter period in which the Majority Lenders consent thereto).

Diligence Agent means Green River Capital, LLC or any successor thereto as mutually agreed upon by the Borrower and the Administrative Agent.

Diligence Agent. Green River Capital, LLC.

Diligence Agent means Green River Capital, LLC. “Eligible Property” means a Property for which the representations and warranties set forth in Sections 6.1.2, 6.1.3, 6.1.4, 6.1.8, and 6.1.9 are true and correct; provided, however that if such representations and warranties are not true and correct but Buyer is able to receive financing for such Property under its existing credit arrangements, then such Property shall be an Eligible Property, provided that Buyer shall use commercially reasonable efforts to obtain such financing. “Document Package” means, with respect to any Property, the following documents: (i) a vesting deed, which vesting deed shall be included in the Document Package or otherwise recorded in the appropriate local recorder’s office and (ii) for occupied or leased properties, a Lease.