Appraisals and Collateral Examinations Sample Clauses

Appraisals and Collateral Examinations. TIMET hereby acknowledges and agrees that the Agent, upon reasonable prior notice to TIMET and at reasonable times, may conduct such examinations of the Collateral (including, but not limited to, collateral examinations and, after a request by TIMET pursuant to Section 7.5 of this Agreement, environmental surveys), as the Agent deems necessary or desirable in its reasonable discretion. TIMET is aware that, if TIMET is required to maintain a Borrowing Base in accordance with Section 2.5 of this Agreement, the Agent expects to conduct up to two collateral examinations (focused on Accounts and Inventory) each year. TIMET further acknowledges and agrees that TIMET shall pay the reasonable charges for any collateral examinations conducted in accordance with the preceding sentence, any environmental surveys conducted pursuant to Section 7.5 of this Agreement, and any other examinations or inspections of all or any portion of the Collateral required by applicable law or the Agent’s generally-applicable policies (which payment shall be due within 30 days of TIMET’s receipt of a xxxx for any such amount, or on the Maturity Date, whichever occurs sooner).
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Appraisals and Collateral Examinations. Mackie hereby acknowledges and agrees that U.S. Bank may order such appraisals and, upon reasonable prior notice to Mackie and at reasonable times, may conduct such examinations of the Collateral, as U.S. Bank reasonably deems necessary or desirable. Notwithstanding the foregoing, if no Event of Default exists, such appraisals and collateral examinations shall not be conducted more often than annually, unless U.S. Bank is required by applicable law or regulation to conduct such examinations or appraisals more frequently than annually. Mackie further acknowledges and agrees that Mackie shall pay the reasonable charges for any such appraisals and collateral examinations (which payment shall be due within 30 days of Mackie’s receipt of a xxxx for such appraisal or examination, provided that Mackie shall not make any such payment at any time that a Blockage Period or Triggering Event of Default exists). U.S. Bank shall make reasonable efforts to obtain information from CFC regarding CFC’s examinations and analysis of the Collateral in an effort to eliminate or minimize costs that would result from collateral examinations required by U.S. Bank. U.S. Bank shall release and hold harmless CFC from any obligations or liabilities with respect to any information provided to U.S. Bank by CFC regarding the Collateral or otherwise.
Sample 1
Appraisals and Collateral Examinations. Borrower and its Subsidiaries will fully cooperate with Lender and Xxxxxx’s representatives in conducting appraisals and collateral examinations of Borrower’s and its Subsidiaries’ Property and will reimburse Lender for the reasonable and documented cost of such appraisals and collateral examinations within ten (10) business days of Xxxxxx’s demand therefor.”
Sample 1
Appraisals and Collateral Examinations. SI hereby acknowledges and agrees that U.S. Bank may order such appraisals and conduct such examinations of the Collateral as U.S. Bank deems necessary or desirable in its reasonable discretion and that SI shall pay for such appraisals and collateral examinations (as specified in Section 7.1 of this Agreement). SI understands that U.S. Bank expects to conduct at least one collateral examination each calendar year.
Sample 1
Appraisals and Collateral Examinations. Lender shall require examinations of the Collateral annually. The examinations shall be conducted by a third-party examiner acceptable to Lender in its Permitted Discretion. Borrower hereby agrees to cooperate to facilitate such examinations of the Collateral. Borrower acknowledges and agrees that it shall pay for the reasonable cost of the annual examinations of the Collateral conducted on behalf of Lender, or any other inspection, examination, or appraisal of the Collateral obtained by Lender at any time that an Event of Default exists hereunder (which payments shall be made in accordance with Section 7.11 of this Agreement).
Sample 1

Related to Appraisals and Collateral Examinations

  • Collateral Examination Agent shall have completed Collateral examinations and received appraisals, the results of which shall be satisfactory in form and substance to Lenders, of the Receivables, Inventory, General Intangibles, and Equipment of each Borrower and all books and records in connection therewith;

  • Appraisals An appraisal of the related Mortgaged Property was conducted in connection with the origination of the Mortgage Loan, which appraisal is signed by an appraiser, who, to the Mortgage Loan Seller's knowledge, had no interest, direct or indirect, in the Mortgaged Property or the Borrower or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan; in connection with the origination of the Mortgage Loan, each appraiser has represented in such appraisal or in a supplemental letter that the appraisal satisfies the requirements of the "Uniform Standards of Professional Appraisal Practice" as adopted by the Appraisal Standards Board of the Appraisal Foundation.

  • Agreements Regarding Collateral and Field Examination Reports (ll) Lien Releases;

  • Field Examinations At the Administrative Agent’s sole option, the Administrative Agent shall have completed its field examinations of the Borrower’s books and records, assets, and operations which examinations will be satisfactory to the Administrative Agent in its sole and absolute discretion.

  • Inspections and Appraisals At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s Books and Records, including management letters prepared by the Accountants, and (c) discuss with each Company’s directors, principal officers, and independent accountants, each Company’s business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.

  • Site Visits and Inspections; Regulatory Examinations During the term of this Agreement, authorized representatives of the Fund may conduct periodic site visits of the Transfer Agent’s facilities and inspect the Transfer Agent’s records and procedures solely as they pertain to the Transfer Agent’s services for the Fund under or pursuant to this Agreement. Such inspections shall be conducted at the Fund’s expense (which shall include costs related to providing materials, copying, faxing, retrieving stored materials, and similar expenses) and shall occur during the Transfer Agent’s regular business hours and, except as otherwise agreed to by the parties, no more frequently than twice a year. In connection with such site visit and/or inspection, the Fund shall not attempt to access, nor will it review, the records of any other clients of the Transfer Agent and the Fund shall conduct the visit/inspection in a manner that will not interfere with the Transfer Agent’s normal and customary conduct of its business activities, including the provision of services to the Fund and to other clients. The Transfer Agent shall have the right to immediately require the removal of any Fund representatives from its premises in the event that their actions, in the reasonable opinion of the Transfer Agent, jeopardize the information security of its systems and/or other client data or otherwise are disruptive to the business of the Transfer Agent. The Transfer Agent may require any persons seeking access to its facilities to provide reasonable evidence of their authority. The Transfer Agent may also reasonably require any of the Fund’s representatives to execute a confidentiality agreement before granting such individuals access to its facilities. The Transfer Agent will also provide reasonable access to the Fund’s governmental regulators, at the Fund’s expense, solely to (i) the Fund’s records held by the Transfer Agent and (ii) the procedures of the Transfer Agent directly related to its provision of services to the Fund under the Agreement.

  • Collateral Audits Permit the Bank or its agents to perform audits of the Collateral. The Borrower shall compensate the Bank for such audits in accordance with the Bank's schedule of fees as amended from time to time.

  • Field Examination The Administrative Agent or its designee shall have conducted a field examination of the Loan Parties’ Accounts, Inventory and related working capital matters and of the Borrower’s related data processing and other systems, the results of which shall be satisfactory to the Administrative Agent in its sole discretion.

  • Inspections; Appraisals (a) Permit Agent from time to time, subject (except when a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s or Subsidiary’s books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Borrower’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lenders may participate in any such visit or inspection, at their own expense. Neither Agent nor any Lender shall have any duty to any Borrower to make any inspection, nor to share any results of any inspection, appraisal or report with any Borrower. Borrowers acknowledge that all inspections, appraisals and reports are prepared by Agent and Lenders for their purposes, and Borrowers shall not be entitled to rely upon them.

  • Corporate Examinations and Investigations Prior to the Closing Date, the parties acknowledge that they have been entitled, through their employees and representatives, to make such investigation of the assets, properties, business and operations, books, records and financial condition of the other as they each may reasonably require. No investigations, by a party hereto shall, however, diminish or waive any of the representations, warranties, covenants or agreements of the party under this Agreement.

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