Appraisals of Collateral Sample Clauses

Appraisals of Collateral. While there is an Existing Default, at Reseller’s sole cost and expense, at any time, Administrative Agents or Persons authorized by and acting on behalf of Administrative Agents may perform or have performed on their behalf such appraisals of Reseller’s Inventory, equipment, and other assets by an appraiser satisfactory to Administrative Agents and prepared on a frequency satisfactory to Administrative Agents. While there is no Existing Default, at Reseller’s sole cost and expense, Administrative Agents or Persons authorized by and acting on behalf of Administrative Agents may perform or have performed on their behalf no more than one time per calendar year (and any such appraisals performed while there is an Existing Default shall not count towards the once per calendar limit described in this sentence) an appraisal of Reseller’s Inventory, equipment, and other assets by an appraiser satisfactory to Administrative Agents and prepared on a basis satisfactory to Administrative Agents. The cost for each appraisal shall not exceed the actual out-of-pocket expenditures of Administrative Agents. Each Covered Person shall cooperate with Administrative Agents and such Persons in the conduct of such appraisals and shall deliver to Administrative Agents or such Persons any documents or instruments necessary for Administrative Agents or such Person’s to perform such appraisals. Reseller shall reimburse Administrative Agents for all reasonable costs and reasonable expenses actually incurred by them in conducting or having conducted each such appraisal.
AutoNDA by SimpleDocs
Appraisals of Collateral. If at any time the Administrative ------------------------ Agent reasonably determines that it must have current appraisals of any of the Collateral to comply with any Law, upon request by the Administrative Agent (which request shall not be made more frequently than once every 12 months), the Borrower shall cooperate with the Administrative Agent to enable the Administrative Agent to obtain appraisals of the Collateral, the cost of which shall be paid by the Borrower.
Appraisals of Collateral. Upon Administrative Agent's request at any time if there is an Event of Default in existence, Borrower shall at its expense provide Administrative Agent with appraisals, prepared on a basis satisfactory to Administrative Agent and from appraisers acceptable to Administrative Agent, of any or all of the Collateral as Administrative Agent may reasonably specify.
Appraisals of Collateral. The lender shall ensure that the value of any collateral property or property to be purchased is determined by a qualified appraiser, including a certified appraiser when required by law or regulation.
Appraisals of Collateral. Whenever a Default or Event of Default exists, and at such other times as Lender requests, Borrower shall at its expense and upon Lender's request, provide Lender with appraisals or updates thereof of any or all of the Collateral from an appraiser acceptable to Lender, and prepared on a basis satisfactory to Lender.
Appraisals of Collateral. 77 ------------------------ 7.15 Hedging Obligation............................................... 77 ------------------
Appraisals of Collateral. Upon Agent's reasonable request at any time, Borrower shall at its expense provide Agent with appraisals, prepared on a basis satisfactory to Agent and from appraisers acceptable to Agent, of any or all of the Collateral as Agent may specify.
AutoNDA by SimpleDocs
Appraisals of Collateral. 77 13.27. Access to Officers and Auditors.............................77 13.28. Movement of Inventory.......................................78 13.29. Titled Assets...............................................78 13.30. Acquisition Documents.......................................78 13.31. Other Information...........................................78 13.32. Further Assurances..........................................78
Appraisals of Collateral. So long as an Event of Default has occurred and is continuing, Administrative Agent or Persons authorized by and acting on behalf of Administrative Agent may, at Borrower's sole cost and expense, as often as Administrative Agent deems desirable, perform or have performed on its behalf an appraisal of Borrower's Inventory, equipment, and other assets by an appraiser reasonably acceptable to Administrative Agent and prepared on a basis reasonably satisfactory to Administrative Agent. Each Covered Person shall cooperate with Administrative Agent and such Persons in the conduct of such appraisals and shall deliver to Administrative Agent or such Persons any documents or instruments necessary for Administrative Agent or such Person's to perform such appraisals. Borrower shall reimburse Administrative Agent for all reasonable costs and reasonable expenses actually incurred by it in conducting or having conducted each such appraisal plus Administrative Agent's other actual out-of-pocket costs and expenses.
Appraisals of Collateral. 38 12.24. Review of Accounts and Inventory............................38 12.25. Exams by Administrative Agent...............................38 12.26. Lockbox.....................................................39 12.27.
Time is Money Join Law Insider Premium to draft better contracts faster.