Initial Audit is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books, with results satisfactory to Bank in its sole and absolute discretion.
Initial Audit is Bank’s inspection of the Collateral, and Borrower’s Books.
Initial Audit is defined in Section 6.2(d).
Examples of Initial Audit in a sentence
Donate the amount of the average cost of an audit to the CFSI Initial Audit Fund.
We also made a donation to the CFSI Initial Audit Fund to support smelter and refiner audits in the spring of 2016.
Participated on the CFSI’s Smelter Engagement and Due Diligence teams and we made a donation to the CFSI Initial Audit Fund.
Additional Considerations in Initial Audit EngagementsThe purpose and objective of planning the audit are the same whether the audit is an initial or recurring engagement.
More Definitions of Initial Audit
Initial Audit shall be the receipt by Bank of the results of a complete audit of Borrower’s Accounts, with results satisfactory to Bank in its sole and absolute discretion.
Initial Audit shall be the receipt by Bank of the results of a complete audit of Borrower's Accounts, with results satisfactory to Bank in its sole and absolute discretion.
Initial Audit shall be the receipt by ORIX of the results of a complete audit of Borrower’s Accounts, with results satisfactory to ORIX in its sole and absolute discretion.
Initial Audit is the Lenders’ inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books. The Initial Audit was completed by SVB on January 30, 2017.
Initial Audit means the audit conducted to ensure the overall competency of a laboratory to carry out testing of food items as per Food Safety and Standards Regulations, 2011 at the time of recognition;
Initial Audit is Bank’s initial inspection of the Collateral.
Initial Audit is defined in Section 6.2.