Common use of Collateral Inspections Clause in Contracts

Collateral Inspections. Collateral Agent and each Lender shall have the right (but not the obligation) to do a physical on-site examination of the Collateral. All costs and expenses associated therewith shall be included in Lender Expenses.

Appears in 2 contracts

Sources: Senior Secured Loan Agreement (Ugly Duckling Corp), Senior Secured Loan Agreement (Drivetime Automotive Group Inc)