Common use of Collateral Audits Clause in Contracts

Collateral Audits. Borrower will, and will cause each Collateral Subsidiary to, permit Agent by or through any of Agent’s representatives, third party inspectors, independent contractors, attorneys or accountants, at such intervals as may be required by Agent in its sole discretion, to conduct audits of and to verify, the Collateral. Collateral audits shall, prior to the occurrence of an Event of Default be at Agent’s expense, and thereafter shall be at Borrower’s expense.

Collateral Audits. Each Borrower will, and the Company will cause each Collateral Subsidiary to, permit the Agent by or through any of the Agent’s representatives, third party inspectors, independent contractors, attorneys or accountants, at such intervals as may be required by the Agent in its sole discretion, to conduct audits of and to verify, the Collateral. Collateral audits shall, prior to the occurrence of an Event of Default be at Agent’s expense, and thereafter shall be at Borrower’s expense.136 13483422v8