Common use of Field Audits Clause in Contracts

Field Audits. Each Borrower shall permit Lender to inspect the Inventory, other tangible assets and/or other business operations of such Borrower, to perform appraisals of the Equipment of such Borrower, and to inspect, audit, check and make copies of, and extracts from, the books, records, computer data, computer programs, journals, orders, receipts, correspondence and other data relating to Inventory, Accounts and any other Collateral, the results of which must be satisfactory to Lender in Lender’s sole and absolute discretion. All such inspections or audits by Lender shall be conducted at such Borrower’s sole expense.

Field Audits. Each The Borrower shall permit Lender the Bank to inspect the Inventory, other tangible assets and/or other business operations of such the Borrower, to perform appraisals of the Equipment of such the Borrower, and to inspect, audit, check and make copies of, and extracts from, the books, records, . computer data, computer programs, journals, orders, receipts, correspondence and other data relating to Inventory, Accounts and any other Collateral, the results of which must be satisfactory to Lender the Bank in Lenderthe Bank’s sole and absolute discretion. All such inspections or audits by Lender the Bank shall be conducted at such the Borrower’s sole expense.

Field Audits. Each The Borrower shall permit Lender the Bank to inspect the Inventory, other tangible assets and/or other business operations of such the Borrower, to perform appraisals of the Equipment of such the Borrower, and to inspect, audit, check and make copies of, and extracts from, the books, records, computer data, computer programs, journals, orders, receipts, correspondence and other data relating to Inventory, Accounts and any other Collateral, the results of which must be satisfactory to Lender the Bank in Lenderthe Bank’s sole and absolute discretion. All such inspections or audits by Lender the Bank shall be conducted at such the Borrower’s sole expense. Unless an Event of Default has occurred or unless required by banking regulations, Borrower shall not be required to reimburse Bank for more than one inspection per annum in connection with such inspection.