Collateral Exam Fees. The Borrower shall pay the Lender fees in connection with any collateral exams, audits or inspections conducted by or on behalf of the Lender of any Collateral or the Borrower’s operations or business at the rates established from time to time by the Lender as its collateral exam fees (which fees are currently $95 per hour per collateral examiner), together with all actual out-of-pocket costs and expenses incurred in conducting any such collateral examination or inspection.
Collateral Exam Fees. Company shall pay Xxxxx Fargo fees in connection with any collateral exams, audits or inspections conducted by or on behalf of Xxxxx Fargo at the current rates established from time to time by Xxxxx Fargo as its collateral exam fees (which fees are currently $125 per hour per collateral examiner), together with all actual out-of-pocket costs and expenses incurred in conducting any collateral examination or inspection.
Collateral Exam Fees. The Borrowers shall pay the Lender fees in connection with any collateral exams, audits or inspections conducted by or on behalf of the Lender of any Collateral or the Borrowers' operations or business at the rates established from time to time by the Lender as its collateral exam fees (which fees are currently $950 per day per collateral examiner), together with all actual out-of-pocket costs and expenses incurred in conducting any such collateral examination or inspection.
Collateral Exam Fees. Companies shall pay Xxxxx Fargo fees in connection with any collateral exams, audits or inspections conducted by or on behalf of Xxxxx Fargo at the current rates established from time to time by Xxxxx Fargo as its collateral exam fees (which fees are currently $105 per day per collateral examiner), together with all actual out-of-pocket costs and expenses incurred in conducting any collateral examination or inspection; but Companies shall not, with the exception of fees, costs, and expenses incurred during Default Periods, be required to reimburse Xxxxx Fargo to the extent that the fees, costs and expenses incurred after the date of this Agreement exceed (i) $20,000 during the one-year period after the date of this Agreement, or (ii) $15,000 during any one-year period after the first anniversary of this Agreement. So long as no Default Period has occurred, Xxxxx Fargo does not intend to conduct collateral examinations, audits, or inspections more frequently than once every 90 days; provided that after the first anniversary of this Agreement, Xxxxx Fargo does not intend to conduct collateral examinations, audits, or inspections more frequently than once every 120 days if the following conditions precedent are satisfied: (A) no Default Period is existing; (B) Companies are performing at a level that is equal to or better than the financial projections that are presented to Xxxxx Fargo by Companies prior to the initial Advance and on an annual basis thereafter; and (C) average daily Excess Availability measured on a rolling 90-day basis is greater than $2,000,000.
Collateral Exam Fees. The Borrower shall pay the Administrative Agent fees in connection with any collateral exams, audits or inspections conducted by or on behalf of the Administrative Agent of any Collateral or of the Borrower’s operations or business at the rates established from time to time by the Administrative Agent, together with any related out-of-pocket costs and expenses incurred by the Administrative Agent.
Collateral Exam Fees. The Borrower shall pay the Lender fees in connection with any collateral exams, audits or inspections conducted by or on behalf of the Lender of any Collateral or the Borrower’s operations or business at the rates established from time to time by the Lender (which fees are currently $125 per hour per collateral examiner), together with any related out-of-pocket costs and expenses incurred by the Lender. Notwithstanding the foregoing, unless an Event of Default shall have occurred, Lender shall not conduct more than one such collateral exam, audit or inspection quarterly.
Collateral Exam Fees. The Borrower shall pay the Lender fees in connection with any collateral exams, audits or inspections conducted by or on behalf of the Lender of any Collateral or the Borrower’s operations or business at the rates established from time to time by the Lender as its collateral exam fees (which fees are currently $100 per hour per collateral examiner), together with all actual out-of-pocket costs and expenses incurred in conducting any such collateral examination or inspection; provided, however, that except during Default Periods, the Borrower shall not have to reimburse the Lender for fees, costs and expenses for more than four audits per year.
Collateral Exam Fees. The Borrowers shall pay the Lender fees in connection with any collateral exams, audits or inspections conducted by or on behalf of the Lender of any Collateral or the Borrowers’ operations or business at the rates established from time to time by the Lender as its collateral exam fees (which fees are currently $750 per day per collateral examiner), together with all actual reasonable out-ofpocket costs and expenses incurred in conducting any such collateral examination or inspection. The Borrowers shall not be required to reimburse the Lender for more than four such exams per calendar year; provided, however, that any such exam which is conducted during a Default Period shall not count against such four-per-year limitation.
Collateral Exam Fees. (i) The Borrower shall pay the Lender fees in connection with any collateral exams, audits or inspections conducted by or on behalf of the Lender of any Collateral or the Borrower’s operations or business at the rates established from time to time by the Lender as its collateral exam fees (which fees are currently $950 per day per collateral examiner) together with all actual out-of-pocket costs and expenses incurred in conducting any such collateral examination or inspection; provided, however, that so long as no Default or Event of Default has occurred, the Borrower shall not be required to pay more than $35,000, plus actual out-of-pocket costs and expenses, for all such exams, audits or inspections during any fiscal year.
Collateral Exam Fees. Company shall pay Wxxxx Fargo fees in connection with any collateral exams, audits or inspections conducted by or on behalf of Wxxxx Fargo at the current rates established from time to time by Wxxxx Fargo as its collateral exam fees (which fees are currently $125 per hour per collateral examiner), together with all actual out-of-pocket costs and expenses incurred in conducting any collateral examination or inspection; but (i) Company shall not, with the exception of fees, costs, and expenses incurred during Default Periods, be required to reimburse Wxxxx Fargo for more than (A) one such exam per year as long as Liquidity at all times is equal to or exceeds $15,000,000, the unpaid principal amount of the Revolving Note is zero at all time since the previous collateral exam, audit and inspection and Company has not delivered to Wxxxx Fargo a request for an Advance within the preceding six month period and (B) two such exams per year at all other times and (ii) Company shall not, with the exception of fees, costs, and expenses incurred during Default Periods, be required to reimburse Wxxxx Fargo to the extent that the fees, costs and expenses for such exams, audits and inspections exceed $10,000 per year (excluding any collateral exams, audits and inspections conducted before the Execution Date).
