Common use of Field Examination Clause in Contracts

Field Examination. The Lender shall have completed a field examination of each Borrower’s business, operations and income, the results of which field examination shall be in all respects acceptable to the Lender in its sole and absolute discretion and shall include reference discussions with key customers and vendors.

Appears in 3 contracts

Sources: Financing and Security Agreement (Tvi Corp), Financing and Security Agreement (Tvi Corp), Financing and Security Agreement (Versar Inc)

Field Examination. The Lender shall have completed a field examination and audit of each the Borrower’s 's business, operations and income, the results of which field examination and audit shall be in all respects acceptable to the Lender in its sole and absolute discretion and shall include reference discussions with key customers and vendors.

Appears in 2 contracts

Sources: Financing and Security Agreement (Sensys Technologies Inc), Financing and Security Agreement (Halifax Corp)

Field Examination. The Lender shall have completed a field examination of each Borrower’s the Borrowers' business, operations and income, the results of which field examination audit shall be in all respects acceptable to the Lender in its sole and absolute discretion and shall include reference discussions with key customers and vendorsdiscretion.

Appears in 2 contracts

Sources: Financing and Security Agreement (Dispatch Management Services Corp), Financing and Security Agreement (Clean Towel Service Inc)

Field Examination. The Lender shall have completed a field examination of each Borrower’s 's business, operations and income, the results of which field examination shall be in all respects acceptable to the Lender in its sole and absolute discretion and shall include reference discussions with key customers and vendorsdiscretion.

Appears in 2 contracts

Sources: Financing and Security Agreement (Spacehab Inc \Wa\), Financing and Security Agreement (Spacehab Inc \Wa\)

Field Examination. The Lender shall have completed a field examination of each the Borrower’s 's business, operations and income, the results of which field examination shall be in all respects acceptable to the Lender in its sole and absolute discretion and shall include reference discussions with key customers and vendors.

Appears in 1 contract

Sources: Financing and Security Agreement (Dcap Group Inc/)

Field Examination. The Lender Lender, at its option, shall have completed a field examination of each the Borrower’s business, operations and income, the results of which field examination and audit shall be in all respects acceptable to the Lender in its sole and absolute discretion and shall include reference discussions with key customers and vendors.

Appears in 1 contract

Sources: Financing and Security Agreement (ARGON ST, Inc.)

Field Examination. The Lender shall have completed a field examination and audit of each Borrower’s the Borrowers' business, operations and income, the results of which field examination and audit shall be in all respects acceptable to the Lender in its sole and absolute discretion and shall include reference discussions with key customers and vendors.

Appears in 1 contract

Sources: Financing and Security Agreement (Kimberton Enterprises Inc)

Field Examination. The Lender shall have completed a field examination of each Borrower’s 's and MXL's business, operations and income, the results of which field examination shall be in all respects acceptable to the Lender in its sole and absolute discretion and shall include reference discussions with key customers and vendors.

Appears in 1 contract

Sources: Financing and Security Agreement (Gp Strategies Corp)

Field Examination. The Lender Lender, at its option, shall have completed a field examination of each the Borrower’s 's business, operations and income, the results of which field examination and audit shall be in all respects acceptable to the Lender in its sole and absolute discretion and shall include reference discussions with key customers and vendors.

Appears in 1 contract

Sources: Financing and Security Agreement (Sensytech Inc)

Field Examination. The Lender shall have completed a field examination of each Borrower’s Borrowers’ business, operations and income, the results of which field examination shall be in all respects acceptable to the Lender in its sole and absolute discretion and shall include reference discussions with key customers and vendors.

Appears in 1 contract

Sources: Financing and Security Agreement (Gp Strategies Corp)

Field Examination. The Lender shall have completed a field examination and audit of each Borrowing Base Borrower’s 's business, operations and income, the results of which field examination and audit shall be in all respects acceptable to the Lender in its sole and absolute commercially reasonable discretion and shall include reference discussions with key customers and vendors.

Appears in 1 contract

Sources: Financing and Security Agreement (Flanders Corp)

Field Examination. The Lender shall have completed a field examination and audit of each the Borrower’s 's business, operations and income, the results of which field examination and audit shall be in all respects reasonably acceptable to the Lender in its sole and absolute but reasonable discretion and shall include reference discussions with key customers and vendors.

Appears in 1 contract

Sources: Financing and Security Agreement (Glasstech Inc)

Field Examination. The Lender shall have completed a field examination and audit of each the Borrower’s 's business, operations and income, the results of which field examination and audit shall be in all respects acceptable to the Lender in its sole and absolute reasonable discretion and shall include reference discussions with key customers and vendors.

Appears in 1 contract

Sources: Financing and Security Agreement (Weston Roy F Inc)