Collateral Audit. The Agent shall have completed and shall be satisfied (in its sole discretion) with the results of an audit of the Accounts, Inventory, other Collateral, assets and liabilities and books and records of the Borrower and the Borrower shall have paid all fees and expenses payable in connection with such audit.
Appears in 2 contracts
Sources: Revolving Credit and Term Loan Agreement (Golden Books Family Entertainment Inc), Revolving Credit and Term Loan Agreement (Golden Books Family Entertainment Inc)
Collateral Audit. The Agent shall have completed and shall be satisfied (in its sole discretion) with the results of an audit of the Accounts, Inventory, machinery, equipment, other Collateral, assets and liabilities liabilities, and books and records of the Borrower and the Borrower shall have paid all fees and expenses payable in connection with such auditBorrowers.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (American Architectural Products Corp)