Common use of Collateral Audit Clause in Contracts

Collateral Audit. The Company shall permit ------------------ representatives of the Bank to undertake an annual audit of the Collateral, and the Company agrees to pay all reasonable expenses of the Bank incurred in connection therewith.

Appears in 2 contracts

Sources: Credit Agreement (Taylor Ann Stores Corp), Security Agreement (Taylor Ann Stores Corp)

Collateral Audit. The Company shall permit ------------------ representatives of the Bank to undertake an annual audit of the Collateral, and the Company agrees to pay all reasonable expenses of the Bank incurred in connection therewith.

Appears in 2 contracts

Sources: Credit Agreement (Cygne Designs Inc), Security Agreement (Cygne Designs Inc)