Exam Fees. The Borrower agrees to pay to the Bank: (a) monthly fees in connection with the Bank’s monitoring of the Collateral; and (b) all fees and costs incurred by the Bank in connection with periodic examinations of the Borrower’s books and records and inspections of the Collateral pursuant to Sections 4 and 6 (collectively, “Exam Fees”), which amounts shall, absent an Event of Default, be in the amounts set forth in Schedule 1.35.
Appears in 2 contracts
Sources: Loan and Security Agreement (Precision Aerospace Components, Inc.), Loan and Security Agreement (Precision Aerospace Components, Inc.)