Common use of Report and Investigation Clause in Contracts

Report and Investigation. (1) Upon the Bank’s demand in light of the preservation of its rights, the Obligor shall forthwith submit to the Bank reports pertaining to his/her credit standing; and the Obligor shall also furnish assistance necessary for the investigation thereof. (2) In cases in which a material change has occurred or is likely to occur pertaining to the Obligor’s credit standing, the Obligor shall submit to the Bank a report thereof without delay even in the absence of the Bank’s demand.

Appears in 2 contracts

Sources: Customer Agreement, Customer Agreement