Collateral Value Report. Upon the request of ----------------------- Agent, which may be made not more than once each year prior to an Event of Default and at any time (but not more often than quarterly) while and so long as an Event of Default shall be continuing, Borrowers will obtain and deliver to Agent a report of an independent collateral auditor reasonably satisfactory to Agent (which may be, or be affiliated with, a Lender) with respect to the accounts and inventory components included in the Borrowing Base, which report shall indicate whether or not the information set forth in the Borrowing Base Certificate most recently delivered is accurate and complete in all material respects based upon a review by such auditors of the accounts (including verification with respect to the amount, aging, identity and credit of the respective account debtors and the billing practices of Borrower) and inventory (including verification as to the value, location and respective types).
Collateral Value Report. Upon the request of Agent, which may be made at any time (but not more often than quarterly) while and so long as an Event of Default shall be continuing, Borrower will obtain and deliver to Agent a report of an independent collateral auditor satisfactory to Agent (which may be, or be affiliated with, a Lender) with respect to the accounts and inventory components included in the Borrowing Base, which report shall indicate whether or not the information set forth in the Borrowing Base Certificate most recently delivered is accurate and complete in all material respects based upon a review by such auditors of the accounts (including verification with respect to the amount, aging, identity and credit of the respective account debtors and the billing practices of Borrower) and inventory (including verification as to the value, location and respective types).
Collateral Value Report. Not more than once each Fiscal Year prior to an Event of Default, and at any time while and so long as an Event of Default shall have occurred and be continuing, Borrower will obtain and deliver to Agent a report of an independent collateral auditor satisfactory to Agent (which may be, or be affiliated with, a Lender) with respect to the Accounts and Inventory components included in the Borrowing Base, which report shall indicate whether or not the information set forth in the Borrowing Base Certificate most recently delivered is accurate and complete in all material respects based upon a review by such auditors of the Accounts (including verification with respect to the amount, aging, identity and credit of the respective account debtors and the billing practices of Borrower) and Inventory (including verification as to the value, location and respective types).
Collateral Value Report. Upon the election of Agent, which may be made not more than once each year and while and so long as an Event of Default shall be continuing, Agent may obtain, at Borrowers' reasonable expense, a report of a collateral auditor satisfactory to Agent (which may be, or be affiliated with, a Lender) with respect to Accounts and Inventory (including verification with respect to the amount, aging, identity and credit of the respective account debtors of Accounts and the billing practices of Borrowers and including verification as to the value, location and respective types of Inventory. The current charge for Agent's internal collateral auditors is $800 per auditor per day plus out of pocket costs and expenses.
Collateral Value Report. Not more than once every other calendar year prior to an Event of Default and at any time while and so long as an Event of Default shall have occurred and be continuing, the Borrower will upon the request of the Lender, at the Borrower's expense, obtain and deliver to the Lender a report of an independent collateral auditor satisfactory to the Lender with respect to the Accounts and Inventory which report shall include, with respect to Accounts, verification with respect to the amount, aging, identity and credit of the respective account debtors and the billing practices of the Borrower and with respect to Inventory, verification as to the value, location and respective types.
Collateral Value Report. Upon the election of Agent, which may be made not more than once each year prior to an Event of Default (and prior to an Event of Default, Borrowers shall not be liable for costs, fees and expenses incurred by Agent and Lenders in excess of the Dollar Equivalent of US$35,000 during any calendar year in connection with any collateral value report required pursuant to this SECTION 4.8(f)) and at any time while and so long as an Event of Default shall be continuing, Agent may obtain, at Borrowers' expense, a report of a collateral auditor satisfactory to Agent (which may be, or be affiliated with, a Lender) with respect to the Eligible Accounts and Eligible Inventory components included in either the US Borrowing Base or the European Borrowing Base, as applicable, which report shall indicate whether or not the information set forth in the US Borrowing Base Certificate or the European Borrowing Base Certificate, as applicable, most recently delivered is accurate and complete in all material respects based upon a review Annex A Page 62 by such auditor of the Eligible Accounts (including verification with respect to the amount, aging, identity and credit of the respective account debtors and the billing practices of Borrowers) and Eligible Inventory (including verification as to the value, location and respective types).
Collateral Value Report. At any time while and so long as an Event of Default shall have occurred and be continuing, and in the absence of an Event of Default at any time in which the outstanding amount of Revolving Loans is equal to or greater than the lesser of (x) $5,000,000 and (y) 33 percent of the then current Borrowing Base for ten consecutive days, Agent may obtain collateral value reports, at Borrower’s expense and in form and substance reasonably satisfactory to Agent, from an independent collateral auditor satisfactory to Agent (which may be, or be affiliated with, a Lender) with respect to the accounts and inventory components included in the Borrowing Base, which report shall indicate whether or not the information set forth in the Borrowing Base Certificate most recently delivered is accurate and complete in all material respects based upon a review by such auditors of the accounts (including verification with respect to the amount, aging, identity and credit of the respective account debtors and the billing practices of Borrower) and inventory (including verification as to the value, location and respective types); provided, however, that, absent an Event of Default, no such reports may be obtained within the one year period following the date of the last such report.
Collateral Value Report. 79 (H) Appraisals . . . . . . . . . . . . . . . . 80 (I) Projections. . . . . . . . . . . . . . . . 80 (J) SEC Filings and Press Releases . . . . . . 80 (K)
Collateral Value Report. Upon the election of Agent, which may be made not more than once each year prior to an Event of Default and at any time while and so long as an Event of Default shall be continuing, Agent may obtain, at Borrowers' reasonable expense, a report of a collateral auditor satisfactory to Agent (which may be, or be affiliated with, a Lender) with respect to the Eligible Accounts and Eligible Inventory components included in the Borrowing Base, which report shall indicate whether or not the information set forth in the Borrowing Base Certificate most recently delivered is accurate and complete in all material respects based upon a review by such auditor of the Eligible Accounts (including verification with respect to the amount, aging, identity and credit of the respective account debtors and the billing practices of Borrowers) and Eligible Inventory (including verification as to the value, location and respective types). The current charge for Agent's internal collateral auditors is $750 per auditor per day plus out of pocket costs and expenses.
Collateral Value Report. Upon the request of the Administrative Agent, which may be made not more than once each year prior to an Event of Default (and prior to an Event of Default, the Borrower shall not be liable for costs, fees and expenses incurred by the Administrative Agent and the Lenders in excess of $30,000 during any eighteen (18) month period in connection with any collateral value report required pursuant to this CLAUSE (g)) and at any time (but not more often than quarterly) while and so long as an Event of Default shall be continuing, the Borrower will obtain and deliver to the Administrative Agent a report of an independent collateral auditor satisfactory to the Administrative Agent (which may be, or be affiliated with, a Lender) with respect to the Eligible Accounts and Eligible Inventory components included in the Borrowing Base Amount, which report shall indicate whether or not the information set forth in the Borrowing Base Certificate most recently delivered is accurate and complete in all material respects based upon a review by such auditors of the Eligible Accounts (including verification with respect to the amount, aging, identity and credit of the respective account debtors and the billing practices of the Borrower) and Eligible Inventory (including verification as to the value, location and respective types).
