Collateral Audits and Appraisals Sample Clauses

Collateral Audits and Appraisals. Agents shall have received (i) audits of the Inventory and Accounts of each Borrower and other Collateral designated by the Agents in form, scope and substance satisfactory to Agents, and (ii) appraisals, in form, scope and substance satisfactory to Agents, concerning (a) the value of any Real Property Assets constituting Closing Date Mortgaged Properties, and (b) the value of machinery and equipment of Borrowers and their Subsidiaries designated by Agent, in each case to the extent required by an Agent in its sole discretion.
Sample 1
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Collateral Audits and Appraisals. Administrative Agent shall have received audits of the Accounts of Company and its Subsidiaries in form, scope and substance satisfactory to Administrative Agent.
Sample 1
Collateral Audits and Appraisals. Agent shall have received (i) audits of the Inventory and Accounts of Borrower and its Subsidiaries in form, scope and substance satisfactory to Agent and the Lenders, and (ii) appraisals, in form, scope and substance satisfactory to Agent and satisfying the requirements of any applicable laws and regulations, concerning the value of any Real Property Assets constituting Closing Date Mortgaged Properties (in each case to the extent required under such laws and regulations as determined by Agent in its sole discretion) and the value of machinery and equipment, tools and Intellectual Property of Borrower and its Subsidiaries designated by Agent.
Sample 1
Collateral Audits and Appraisals. Agent shall have received (i) audits and appraisals of the Inventory and Accounts of Borrowers and their Restricted Subsidiaries in form, scope and substance satisfactory to Agents, (ii) appraisals, in form, scope and substance satisfactory to Agents concerning the value of PPE Collateral of Borrowers and their Restricted Subsidiaries designated by Agent, and (iii) such reviews and/or valuations of the business operations of Borrowers and their Subsidiaries to the extent required by Agents, such reviews and valuations to be in form, scope and substance satisfactory to Agents.
Sample 1
Collateral Audits and Appraisals. Borrowers shall (a) cooperate with Bank in order to enable Bank (or its designee) to conduct such audits of Borrowers’ books and records and the Collateral as Bank may reasonably request from time to time, and to obtain such appraisals of the Properties as Bank may reasonably request from time to time, (b) pay Bank a fee of $1,100 per day, per auditor, plus out-of-pocket expenses, for each such audit performed by personnel employed or contracted by Bank, and (c) reimburse Bank for its out of pocket costs incurred in connection with each such appraisal requested by Bank; provided, that, (i) there would be no more than four such reimbursable audits during any calendar year, (ii) there would be no more than one such reimbursable appraisal of each Property during any calendar year, (iii) any audit or appraisal that is initiated while a Default exists shall not count against such limitations, and (iv) nothing contained herein shall limit Bank’s right to conduct audits and obtain appraisals (at its own cost) on a more frequent basis. BANK EXPENSES. Borrowers shall reimburse Bank for all (a) costs and expenses (including taxes and insurance premiums) required to be paid by Borrowers under any of the Loan Documents that are paid or incurred by Bank, (b) reasonable fees and charges paid or incurred by Bank in connection with this Agreement, including fees and charges for filing and search fees, recording of Loan Documents, real estate title policies and endorsements, collateral audits and appraisals (subject to the limitations described above), real estate consultants engaged by Bank, and background investigations of Borrowers’ key management, (c) reasonable costs and expenses paid or incurred by Bank to correct any Default or enforce any provision of the Loan Documents, or in gaining possession of, maintaining, handling, preserving, selling, preparing for sale, or advertising to sell the Collateral, or any portion thereof, irrespective of whether a sale is consummated, (d) reasonable costs and expenses of third party claims or any other suit paid or incurred by Bank in enforcing or defending the Loan Documents or in connection with the transactions contemplated by the Loan Documents, (e) Bank's reasonable fees and expenses (including reasonable attorneys’ fees) incurred in structuring, drafting, administering, or amending the Loan Documents, and (f) Bank's reasonable fees and expenses (including reasonable attorneys’ fees) incurred in terminating, enforcing (inclu...
Sample 1
Collateral Audits and Appraisals. Agent shall have received audits of the Inventory and Accounts of Company and its Subsidiaries in form, scope and substance reasonably satisfactory to Agent and the Lenders.
Sample 1
Collateral Audits and Appraisals. Agent shall have received (i) a final collateral audit report of all Inventory and Accounts of the Borrowers and their Subsidiaries, including the accounts payable and management information systems of the Borrowers and their Subsidiaries, in form, scope and substance satisfactory to the Agent and performed by auditors satisfactory to the Agent and (ii) final appraisal reports concerning the Net Orderly Liquidation Value of the Inventory and of the Real Estate of the Borrowers and their Subsidiaries, in form, scope and substance satisfactory to the Agent and performed by appraisers satisfactory to the Agent.
Sample 1
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Collateral Audits and Appraisals. The Administrative Agent shall have received a borrowing base audit with respect to the relevant Collateral to be included in the Borrowing Base and the relevant accounting systems, policies and procedures of the Acquired Business by an auditing firm satisfactory to the Administrative Agent in form and substance satisfactory to the Administrative Agent, and a roll-forward of the borrowing base audits with respect to the relevant Collateral to be included in the Borrowing Base through the month ended February 28, 2010.
Sample 1

Related to Collateral Audits and Appraisals

  • Appraisals An appraisal of the related Mortgaged Property was conducted in connection with the origination of the Mortgage Loan, which appraisal is signed by an appraiser, who, to the Mortgage Loan Seller's knowledge, had no interest, direct or indirect, in the Mortgaged Property or the Borrower or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan; in connection with the origination of the Mortgage Loan, each appraiser has represented in such appraisal or in a supplemental letter that the appraisal satisfies the requirements of the "Uniform Standards of Professional Appraisal Practice" as adopted by the Appraisal Standards Board of the Appraisal Foundation.

  • Inspections; Appraisals (a) Permit Agent from time to time, subject (except when a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s or Subsidiary’s books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Borrower’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lenders may participate in any such visit or inspection, at their own expense. Neither Agent nor any Lender shall have any duty to any Borrower to make any inspection, nor to share any results of any inspection, appraisal or report with any Borrower. Borrowers acknowledge that all inspections, appraisals and reports are prepared by Agent and Lenders for their purposes, and Borrowers shall not be entitled to rely upon them.

  • Environmental Audits There are no environmental audits, evaluations, assessments, studies or tests relating to the Corporation except for ongoing assessments conducted by or on behalf of the Corporation in the ordinary course.

  • Environmental Audit Upon reasonable notice, Director shall have the right but not the obligation to conduct or cause to be conducted by a firm acceptable to Director, an environmental audit or any other appropriate investigation of the Premises for possible environmental contamination. Such investigation may include environmental sampling and equipment and facility testing, including the testing of secondary contamination. No such testing or investigation shall limit Tenant’s obligations hereunder or constitute a release of Tenant’s obligations therefor. Tenant shall pay all costs associated with said investigation in the event such investigation shall disclose any Hazardous Materials contamination as to which Tenant is liable hereunder.

  • Performance Appraisals 3201 The Employer shall complete a written appraisal of a nurse's performance at least bi-annually. Upon request, the nurse shall be given an exact copy of the appraisal. 3202 The nurse shall have an opportunity to read such document. 3203 The nurse's signature on such document merely signifies that the contents of the document have been read. 3204 If the nurse disputes the appraisal, she/he may file a reply to the document in accordance with Article 29, and/or she/he may file a grievance under Article 12 of this Agreement.

  • Collateral Examination Agent shall have completed Collateral examinations and received appraisals, the results of which shall be satisfactory in form and substance to Lenders, of the Receivables, Inventory, General Intangibles, and Equipment of each Borrower and all books and records in connection therewith;

  • Environmental Audits and Reports As soon as practicable following receipt thereof, copies of all material environmental audits, investigations, analyses and reports of any kind or character, whether prepared by personnel of Company or any of its Subsidiaries or by independent consultants, Government Authorities or any other Persons, with respect to significant environmental matters at any Facility that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect or with respect to any Environmental Claims that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect;

  • Field Examinations At the Administrative Agent’s sole option, the Administrative Agent shall have completed its field examinations of the Borrower’s books and records, assets, and operations which examinations will be satisfactory to the Administrative Agent in its sole and absolute discretion.

  • Financial Audits During the Audit Period, Service Provider shall provide to DIR Auditors access at reasonable hours to Service Provider Personnel and to Contract Records and other pertinent information to conduct financial audits necessary to verify the Charges or validate other Service Provider obligations under this Agreement (but not including Service Provider's internal costs or actual salary amounts of individual Service Provider Personnel unless such costs form the basis of a Pass Through Expense), including the audit work papers of Service Provider's auditor to the extent applicable to the Services and obtainable by Service Provider, all to the extent relevant to the performance of Service Provider's obligations under this Agreement). Such access shall be provided for the purpose of performing audits and inspections to (i) verify the accuracy and completeness of Contract Records, (ii) verify the accuracy and completeness of Charges and any Pass-Through Expenses and Out-of-Pocket Expenses, (iii) examine the financial controls, processes and procedures utilized by Service Provider in connection with the Services, (iv) examine Service Provider's performance of its other financial and accounting obligations to DIR under this Agreement, and (v) enable DIR and DIR Customers to meet applicable legal, regulatory and contractual requirements, in each case to the extent applicable to the Services and/or the Charges for such Services. Service Provider shall (1) provide any assistance reasonably requested by DIR Auditors in conducting any such audit, (2) make requested Service Provider Personnel, records and information available to DIR Auditors, and (3) in all cases, provide such assistance, personnel, records and information in an expeditious manner to facilitate the timely completion of such audit. If any such audit reveals an overcharge by Service Provider, and Service Provider does not successfully dispute the amount questioned by such audit in accordance with Article 19, Service Provider shall promptly pay to DIR the amount of such overcharge, together with interest at the rate specified by the Texas Comptroller of Public Accounts in accordance with Section 2251.025(b), Texas Government Code, from the date of receipt by Service Provider of the overcharged amount until the date of payment to DIR. In addition, if any such audit reveals an overcharge of more than five percent (5%) of the audited Charges in any Charges category, Service Provider shall, upon DIR's request, promptly reimburse DIR for reasonable auditors' fees provided that such reimbursement shall not exceed the amount of the overcharge uncovered during the audit.

  • Annual Collateral Verification Each year, at the time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(c), Company shall deliver to Collateral Agent a certificate of an Authorized Officer either (i) confirming that there has been no change in such information since the date of the Collateral Questionnaire delivered on the Closing Date or the date of the most recent certificate delivered pursuant to this Section 5.1(o) or (ii) identifying such changes;

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