Audit and Appraisal Fees and Expenses Sample Clauses

Audit and Appraisal Fees and Expenses. Borrowers shall reimburse Agent for all reasonable costs and expenses incurred by Agent (including standard and actual fees charged by Agent’s internal appraisal department) in connection with (i) audits and reviews of any Obligor’s books and records and such other matters pertaining to any Obligor or any Collateral as Agent shall deem appropriate, and shall pay to Agent the standard amount charged by Agent per day ($850 per day as of the Closing Date) for each day that an employee or agent of Agent shall be engaged in an examination or review of any Obligor’s books and records, provided, that, unless a Default or Event of Default exists at the time any audit or review is initiated (in which event there shall be no limit on the number of examinations and reviews for which Borrowers shall be obligated to reimburse Agent), Borrowers shall not be obligated to reimburse Agent for the costs, expenses or charges associated with any audit or review initiated during a Loan Year (a) at a time when Aggregate Availability is at least $50,000,000 if Borrowers have previously reimbursed Agent for any other audits or reviews initiated during such Loan Year at a time when no Default or Event of Default existed, (b) at a time when Aggregate Availability is at least $25,000,000 but less than $50,000,000 if Borrowers have previously reimbursed Agent for more than one other audit or review initiated during such Loan Year at a time when no Default or Event of Default existed, or (c) at a time when Aggregate Availability is less that $25,000,000 if Borrowers have previously reimbursed Agent for more than two other audits or reviews initiated during such Loan Year at a time when no Default or Event of Default existed, and (ii) appraisals of Inventory no more frequently than one per Loan Year, unless a Default or Event of Default exists (in which event, there shall be no limit on the number of appraisals for which Borrowers shall be obligated to reimburse Agent). The foregoing shall not be construed to limit Agent’s right to conduct audits as provided in Section 10.1.1 or otherwise obtain appraisals of the Collateral at the expense of Agent and Lenders.
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Audit and Appraisal Fees and Expenses. Borrowers shall reimburse Administrative Agent for all reasonable out-of-pocket costs and expenses incurred by Administrative Agent in connection with examinations and reviews of any Obligor's books and records up to 2 times per Loan Year unless an Event of Default exists (in which event, there shall be no limit on the number of examinations and reviews for which Borrowers shall be obligated to reimburse Administrative Agent) and, in each case, shall pay to Administrative Agent the standard amount charged by Administrative Agent per day ($850 per day as of the Restatement Effective Date) for each day that an employee or agent of Administrative Agent shall be engaged in an examination or review of any Obligor's books and records. The foregoing shall not be construed to limit Administrative Agent's right to conduct audits as provided in SECTION 10.1.1.
Sample 1
Audit and Appraisal Fees and Expenses. Additionally, Borrower shall pay to Lender all reasonable out-of-pocket expenses from time to time incurred by Lender in connection with audits and appraisals of Borrower's books and records and of the Collateral and such other matters related thereto as Lender shall deem appropriate; provided, however, for so long as no Default or Event of Default exists, the maximum amount of such audit and appraisal expenses for which Borrower shall be obligated to pay Lender for any Loan Year shall not exceed the sum of $8,000.
Sample 1
Audit and Appraisal Fees and Expenses. Borrowers shall be jointly and severally obligated to reimburse Lender for all reasonable out-of-pocket costs and expenses incurred by Lender in connection with examinations and reviews of any Obligor’s books and records up to 2 times per Loan Year unless an Event of Default exists (in which event, there shall be no limit on the number of examinations and reviews for which Borrowers shall be obligated to reimburse Lender) and, in each case, shall pay to Lender the standard amount charged by Lender per day ($1,000 per day as of the Petition Date) for each day that an employee or agent of Lender shall be engaged in an examination or review of any Obligor’s books and records. The foregoing shall not be construed to limit Lender’s right to conduct audits as provided in Section 10.1.1.
Sample 1
Audit and Appraisal Fees and Expenses. Borrowers shall reimburse Agent for all reasonable costs and expenses incurred by Agent (including standard fees charged by Agent’s internal appraisal department) in connection with (i) examinations and reviews of any Obligor’s books and records and such other matters pertaining to any Obligor or any Collateral as Agent shall deem appropriate in the exercise of its reasonable credit judgment, up to three (3) times per Loan Year, unless a Default or Event of Default exists (in which event, there shall be no limit on the number of examinations and reviews for which Borrowers shall be obligated to reimburse Agent) and, in each case, shall pay to Agent the standard amount charged by Agent per day ($850 per day as of the Closing Date) for each day that an employee or agent of Agent shall be engaged in an examination or review of any Obligor’s books and records, (ii) appraisals of Equipment no more frequently than three (3) times per Loan Year (one of which may be a full physical appraisal and the other two of which shall be desktop appraisals performed by employees or agents of Agent), and (iii) appraisals of Eligible Real Estate no more frequently than one (1) time per Loan Year; provided, that, in the case of each of clauses (ii) and (iii), if a Default or Event of Default exists, there shall be no limit on the number or type of appraisals for which Borrowers shall be obligated to reimburse Agent.
Sample 1

Related to Audit and Appraisal Fees and Expenses

  • CONTRACT LIMIT AND FEES AND EXPENSES to change the not-to- exceed total amount of the Contract from SIX HUNDRED THOUSAND DOLLARS AND NO CENTS ($600,000.00) to ONE MILLION DOLLARS AND NO CENTS ($1,000,000.00) through the end of the first renewal term of the Contract, as approved by RRC Commissioners on September 18, 2018.

  • Legal Fees and Expenses The parties shall each bear their own expenses, legal fees and other fees incurred in connection with this Agreement.

  • CONTRACT LIMIT, FEES AND EXPENSES changing the not-to-exceed amount of the Contract from ONE MILLION SEVEN HUNDRED NINTY THOUSAND DOLLARS AND ZERO CENTS ($1,790,000.00) to TWO MILLION ONE HUNDRED THOUSAND DOLLARS AND ZERO CENTS ($2,100,000.00), as approved by the Executive Director on October 22, 2021.

  • Costs, Fees and Expenses Except as otherwise specifically provided herein, each party hereto agrees to pay all costs, fees and expenses which it has incurred in connection with or incidental to the matters contained in this Agreement, including without limitation any fees and disbursements to its accountants and counsel; provided, that the Assuming Institution shall pay all fees, costs and expenses (other than attorneys' fees incurred by the Receiver) incurred in connection with the transfer to it of any Assets or Liabilities Assumed hereunder or in accordance herewith.

  • Fees and Expenses Paid There shall have been paid to the Administrative Agent, for the accounts of the Agents and the other Lenders, as applicable, all fees due and payable on or before the Closing Date and all expenses due and payable on or before the Initial Funding Date, including, without limitation, reasonable attorneys’ fees and expenses, and other costs and expenses incurred in connection with the Loan Documents.

  • Interest Fees and Expenses 1. (a) Interest on the Revolving Loans shall be payable monthly as of the end of each month and shall be an amount equal to (a) the applicable Chase Bank Rate Margin plus the Chase Bank Rate, per annum, on the average of the net balances owing by the Company to CITBC in the Company's account at the close of each day during such month on balances other than Libor Loans and (b) the applicable Libor Margin plus the applicable Libor on each Libor Loan, on a per annum basis, on the average of the net balances owing by the Company to CITBC in the Company's account in respect of such Libor Loan at the close of each day during such month. In the event of any change in said Chase Bank Rate, the rate under clause (a) above shall change, as of the first of the month following any change, so as to remain equal to the new Chase Bank Rate plus the applicable Chase Bank Rate Margin. In addition, the rate applicable under clause (a) or (b) above shall change based upon any change of the applicable Chase Bank Rate Margin or the Libor Margin; provided that any such change in such a margin such be effective on the first Business Day of the month following the month in which the Company shall have delivered, at least five (5) Business Days before the end of the month, to CITBC the financial statements demonstrating the change in EBITDA giving rise to such change in the margin, and any change in the Libor Margin shall affect only Libor Loans not yet funded as of that date. The rate hereunder shall be calculated based on a 360-day year. CITBC shall be entitled to charge the Company's account at the rate provided for herein when due until all Obligations have been paid in full.

  • Certain Fees and Expenses (a) Provided that the Fund is not in material breach of its obligations under this Agreement, if the Merger is not consummated for failure of the condition to Closing contained in Section 7.1(f) to be satisfied and, as a result of such failure, CNLRP is obligated to pay the Company a break-up fee pursuant to the terms of the CNLRP Merger Agreement, the Company shall pay to the Fund as follows: (i) if the Fund has waived the condition to Closing contained in Section 7.1(f) and elected to proceed with the Merger, the Company shall pay to the Fund an amount equal to $8,000,000, multiplied by a fraction, the numerator of which shall be the value of the Merger Consideration and the denominator of which shall be the value of the Aggregate Merger Consideration; and (ii) if the Fund has not waived the condition to Closing contained in Section 7.1(f) and the Merger is not consummated, the Company shall pay to the Fund an amount equal to $5,000,000, multiplied by a fraction, the numerator of which shall be the value of the Merger Consideration and the denominator of which shall be the value of the Aggregate Merger Consideration.

  • Other Fees and Expenses Borrower shall pay to Agent, for its own account, all charges for returned items and all other bank charges incurred by Agent, as well as Agent's standard wire transfer charges for each wire transfer made under this Agreement.

  • PAYMENT AND EXPENSES 8.1 Each payment to be made by the Guarantor under this guarantee shall be made in pounds sterling, free and clear of all deductions or withholdings of any kind, except for those required by law, and if any deduction or withholding must be made by law, the Guarantor shall pay that additional amount which is necessary to ensure that the Authority receives a net amount equal to the full amount which it would have received if the payment had been made without the deduction or withholding.

  • Fees and Expenses of Arbiters The aggregate fees and expenses of the arbiters shall be borne equally by the parties. The parties shall pay the aggregate fees and expenses within thirty (30) days after receipt of the written decision of the arbiters (unless the arbiters agree in writing on some other payment schedule). Exhibit 1 Monthly Certificate SEE FOLLOWING PAGE PART 1 - CURRENT MONTH NET LOSS Specify loss type as Foreclosure, or Short-Sale.

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