Common use of Field Examination Fees Clause in Contracts

Field Examination Fees. The Borrower shall pay to the Lender a field examination fee (collectively, the "Field Examination Fees" and individually a "Field Examination Fee"), which Field Examination Fees shall be payable at the time of each field examination of the Borrowers' books and records in an amount prior to an Event of Default, not to exceed the Lender's actual costs of obtaining such field audit.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vse Corp)

AutoNDA by SimpleDocs

Field Examination Fees. The Borrower shall pay to the Lender Agent a field examination fee (collectively, the "Field Examination Fees" and individually a "Field Examination Fee"), which Field Examination Fees shall be payable at the time of each field examination of the each Borrowers' books and records in an amount prior to an Event of Default, not to exceed the Lender's Agent’s actual costs of obtaining such field auditexamination.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vse Corp)

Field Examination Fees. The Borrower Borrowers shall pay to the Lender a field examination fee (collectively, the "Field Examination Fees" and individually a "Field Examination Fee"), which Field Examination Fees shall be payable at the time of each field examination of the Borrowers' books and records in an amount prior equal to an Event the sum of Default, not to exceed a $300 administrative fee plus $850 per field examiner per day plus reimbursement of all out-of-pocket expenses and costs or in such other amounts as customarily charged by the Lender's actual costs Lender for the type of obtaining such field auditexamination conducted.

Appears in 1 contract

Samples: Financing and Security Agreement (Rand Worldwide Inc)

AutoNDA by SimpleDocs

Field Examination Fees. The Borrower shall pay to the Lender Agent a field examination fee (collectively, the "Field Examination Fees" and individually a "Field Examination Fee"), which Field Examination Fees shall be payable at the time of each field examination of the each Borrowers' books and records in an amount prior to an Event of Default, not to exceed the LenderAgent's actual costs of obtaining such field auditexamination.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vse Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.