Common use of Prefund Examination Clause in Contracts

Prefund Examination. Agent shall have completed a prefunding examination of the Collateral, which examination shall be satisfactory to Agent in its sole discretion;

Appears in 2 contracts

Sources: Revolving Credit and Security Agreement (Englobal Corp), Revolving Credit and Security Agreement (Flotek Industries Inc/Cn/)

Prefund Examination. Agent shall have completed a prefunding examination of the Collateral, which examination shall include the verification and testing of Receivables and payables in respect of Mud Claims, the results of which shall be satisfactory to Agent in its sole discretion;

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (NYTEX Energy Holdings, Inc.)