Common use of Due Diligence Procedures Clause in Contracts

Due Diligence Procedures. The due diligence, collateral control and collection procedures used by Borrowers with respect to the Assigned Loans are no less stringent than Standard Industry Practices. All Borrower Due Diligence Reports have been prepared or reviewed by a Borrower. The factual information contained in the Borrower Due Diligence Reports, including without limitation, regarding title to and the condition of each Assigned Loan (but not including valuation amounts and cash flow projections) has not been intentionally misstated by Borrowers, and, with respect to the Asset Portfolios taken as a whole, the Borrower Due Diligence Reports accurately reflected the material facts concerning each of the Assigned Loans and Mortgaged Properties included in such Asset Portfolios at the time the Borrower Due Diligence Reports were prepared.

Due Diligence Procedures. The due diligence, collateral control and collection procedures used by Borrowers Borrower and Guarantors with respect to the Assigned Loans are no less stringent than Standard Industry Practices. All Borrower Due Diligence Reports have been prepared or reviewed by Borrower or a BorrowerGuarantor. The factual information contained in the Borrower Due Diligence Reports, including without limitation, regarding title to and the condition of each Assigned Borrowing Base Loan (but not including valuation amounts and cash flow projections) has not been intentionally misstated by BorrowersBorrower or any Guarantor, and, with respect to the Asset Portfolios taken as a whole, the Borrower Due Diligence Reports accurately reflected the material facts concerning each of the Assigned Borrowing Base Loans and Mortgaged Properties included in such Asset Portfolios at the time the Borrower Due Diligence Reports were prepared.