Field Exam definition
Field Exam means any visit and inspection of the properties, assets and records of any Loan Party during the term of this Agreement, which shall include access to such properties, assets and records sufficient to permit the Administrative Agent or its representatives to examine, audit and make extracts from any Loan Party’s books and records, make examinations and audits of any Loan Party’s other financial matters and Collateral as Administrative Agent deems appropriate in its Credit Judgment, and discussions with its officers, employees, agents, advisors and independent accountants regarding such Loan Party’s business, financial condition, assets, prospects and results of operations.
Field Exam means any visit and inspection of the properties, assets and records of any Loan Party or Subsidiary thereof, which shall include access to such properties, assets and records sufficient to permit the Administrative Agent or its representatives to examine, audit and make extracts from any books and records of any Loan Party or Subsidiary thereof, make examinations and audits of any other financial matters and Collateral of any Loan Party or Subsidiary thereof as Administrative Agent deems appropriate in its Credit Judgment, and discussions with its officers, employees, agents, advisors and independent accountants regarding such Loan Party’s or Subsidiary’s business, financial condition, assets, prospects and results of operations.
Field Exam means a field inspection of the books, records and asset value of the Properties of the Borrower and its Subsidiaries, conducted by the Administrative Agent or any other Person selected by the Administrative Agent.
Examples of Field Exam in a sentence
The Administrative Agent shall promptly forward to each Lender, when complete, copies of any Field Exam or appraisal report prepared by or for the Administrative Agent with respect to any Borrower or Collateral (“Report”).
The Administrative Agent shall not have any duty to any Loan Party to share any results of any Field Exam with any Loan Party, but shall, in its reasonable discretion, share excerpts of such Field Exam with the Borrower Agent upon request.
The Administrative Agent shall not have any duty to any Loan Party to share any results of any Field Exam with any Loan Party.
Promptly following any request therefor, such additional reporting as requested by the Revolving Agent in its Permitted Discretion arising from its completion of a Field Exam; provided, however, that upon the delivery of such additional reporting, the Borrower shall continue to deliver such additional reporting concurrently with each delivery under this Agreement of a Borrowing Base Certificate.
More Definitions of Field Exam
Field Exam means any visit and inspection of the properties, assets and records of any Loan Party during normal business hours and during the term of this Agreement, which shall include access to such properties, assets and records sufficient to permit the Administrative Agent or its representatives to examine, audit and make extracts from any Loan Party’s books and records, make examinations and audits of any Loan Party’s other financial matters and Collateral as Administrative Agent deems appropriate in its Permitted Discretion, and discussions with its officers, employees, agents, advisors and independent accountants regarding such Loan Party’s business, financial condition, assets, prospects and results of operations.
Field Exam shall have the meaning set forth in Section 8.02(b).
Field Exam means any visit and inspection of the properties, assets and records of any Loan Party during the term of this Agreement, which shall include access to such properties, assets and records sufficient to permit the Collateral Agent or its representatives (or, during any period in which the Collateral Agent is not a Lender, the Administrative Agent or its representatives) to examine, audit and make extracts from any Loan Party’s books and records, make examinations and audits of any Loan Party’s other financial matters and Collateral as the Collateral Agent (or, during any period in which the Collateral Agent is not a Lender, the Administrative Agent) deems appropriate in its Credit Judgment, and discussions with its senior officers regarding such Loan Party’s business, financial condition, assets and results of operations.
Field Exam has the meaning set forth in Section 6.10(b).
Field Exam means an examination of the Borrower’s and each Guarantor’s assets, liabilities, books and records with the results of such Field Exam (including concurrence with the proposed advance rates and ineligibles) in form and substance acceptable to the Administrative Agent.
Field Exam shall have the meaning as assigned in Section 5.07(b).
Field Exam means any visit and inspection of the properties, assets and records of any Loan Party during the term of this Agreement, which shall include access to such properties, assets and records (including maintenance records of any Rolling Stock) sufficient to permit the Administrative Agent or its representatives to examine, audit and make extracts from any Loan Party’s books and records, make examinations and audits of any Loan Party’s other financial matters and Collateral as Administrative Agent deems appropriate in its Permitted Discretion, and discussions with its officers, employees, agents, advisors and independent accountants regarding such Loan Party’s business, financial condition, assets, prospects and results of operations.