Common use of Audit and Collateral Monitoring Fees Clause in Contracts

Audit and Collateral Monitoring Fees. The Key Loan Parties acknowledge that representatives of the Agent may visit any or all of the Loan Parties and/or conduct audits, inspections and valuations of any or all of the Loan Parties in accordance with the terms and conditions set forth in Sections 7.02 and 7.09. The Borrower agrees to pay the costs and expenses of such visits, audits, inspections and valuations, whether conducted by the Agent itself or by third-party representatives of the Agent.

Appears in 3 contracts

Samples: Senior Convertible Loan Agreement (Value City Department Stores Inc /Oh), Senior Loan Agreement (DSW Inc.), Senior Loan Agreement (Retail Ventures Inc)

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Audit and Collateral Monitoring Fees. The Key Loan Parties Borrowers acknowledge that representatives of the Agent may visit any or all of the Loan Parties and/or conduct audits, inspections and valuations of any or all of the Loan Parties in accordance with the terms and conditions set forth in Sections 7.02 and 7.09. The Borrower agrees to pay the costs and expenses of such visits, audits, inspections and valuations, whether conducted by the Agent itself or by third-party representatives of the Agent.

Appears in 1 contract

Samples: Financing Agreement (Value City Department Stores Inc /Oh)

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