Common use of Collateral Audit Clause in Contracts

Collateral Audit. Bank shall have completed, at Borrower's cost, a collateral audit and examination from an auditor acceptable to Bank and in form, substance and reflecting collateral values satisfactory to Bank in its sole discretion.

Collateral Audit. Bank shall have completed, at Borrower's ’s cost, a collateral audit and examination from an auditor acceptable to Bank and in form, substance and reflecting collateral values satisfactory to Bank in its sole discretion.