Common use of Audit and Collateral Monitoring Fees Clause in Contracts

Audit and Collateral Monitoring Fees. The Borrower acknowledges that pursuant to Section 7.01(f), representatives of the Agents may visit any Loan Party or conduct audits, inspections or field examinations of any Loan Party and valuations or appraisals of any or all of the Collateral or business or enterprise valuations of the Loan Parties at any time and from time to time in a manner so as to not unduly disrupt the business of such Loan Party. The Borrower agrees to pay (i) $1,000 per day per examiner plus the examiner’s out-of-pocket costs and reasonable expenses incurred in connection with all such visits, audits, inspections, valuations, and field examinations and (ii) the cost of all audits, appraisals and business valuations (including enterprise valuation appraisals) conducted by third party auditors or appraisers on behalf of the Agents.

Appears in 2 contracts

Samples: Financing Agreement (Metalico Inc), Financing Agreement (Magnetek Inc)

AutoNDA by SimpleDocs

Audit and Collateral Monitoring Fees. The Borrower acknowledges that pursuant to Section 7.01(f6.01 (f), representatives of the Agents may visit any or all of the Loan Party or Parties and/or conduct audits, inspections or inspections, appraisals, valuations and/or field examinations of any Loan Party and valuations or appraisals of any or all of the Collateral or business or enterprise valuations of the Loan Parties or the Collateral at any time and from time to time in a manner so as to not unduly disrupt the business of such the Loan PartyParties. The Borrower agrees to pay (i) $1,000 1,500 per day per examiner plus the examiner’s 's reasonable out-of-pocket costs and reasonable expenses incurred in connection with all such visits, audits, inspections, valuationsappraisals, valuations and field examinations and (ii) the actual reasonable out-of-pocket cost of all visits, audits, appraisals inspections, appraisals, valuations and business valuations (including enterprise valuation appraisals) field examinations conducted by a third party auditors or appraisers on behalf of the Agentsany Agent.

Appears in 2 contracts

Samples: Financing Agreement (Xanodyne Pharmaceuticals Inc), Financing Agreement (Xanodyne Pharmaceuticals Inc)

Audit and Collateral Monitoring Fees. The Borrower acknowledges Borrowers acknowledge that pursuant to Section 7.01(f), representatives of the Agents any Agent may visit any Loan Party or conduct audits, inspections or field examinations of any Loan Party and valuations or appraisals of any or all of the Collateral Loan Parties and/or conduct audits, inspections, valuations and/or field examinations of any or business or enterprise valuations all of the Loan Parties at any time and from time to time in a manner so as to not unduly disrupt the business of such the Loan PartyParties. The Borrower agrees Borrowers agree to pay (i) $1,000 per day per the Administrative Agent's prevailing daily rates for each such examiner plus the examiner’s 's reasonable out-of-pocket costs and reasonable expenses incurred in connection with all such visits, audits, inspections, valuations, valuations and field examinations and (ii) the reasonable cost of all visits, audits, appraisals inspections, valuations and business valuations (including enterprise valuation appraisals) field examinations conducted by a third party auditors or appraisers on behalf of the AgentsCollateral Agent.

Appears in 1 contract

Samples: Financing Agreement (Milacron Inc)

AutoNDA by SimpleDocs

Audit and Collateral Monitoring Fees. The Borrower acknowledges Borrowers acknowledge that pursuant to Section 7.01(f), representatives of the Agents Agent may visit any Loan Party or conduct audits, inspections or field examinations of any Loan Party and valuations or appraisals of any or all of the Collateral Loan Parties and/or conduct audits, inspections, valuations and/or field examinations of any or business or enterprise valuations all of the Loan Parties at any time and from time to time in a manner so as to not unduly disrupt the business of such the Loan PartyParties. The Borrower agrees Borrowers agree to pay (i) $1,000 per day per examiner plus the examiner’s 's reasonable out-of-pocket costs and reasonable expenses incurred in connection with all such visits, audits, inspections, valuations, valuations and field examinations and (ii) the reasonable cost of all visits, audits, appraisals inspections, valuations and business valuations (including enterprise valuation appraisals) field examinations conducted by a third party auditors or appraisers on behalf of the AgentsAgent.

Appears in 1 contract

Samples: Financing Agreement (Milacron Inc)

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