Common use of Appraisals and Field Exams Clause in Contracts

Appraisals and Field Exams. The Arrangers shall have received and be reasonably satisfied with (i) appraisals of Inventory of the Loan Parties and (ii) field exams of the Accounts, Inventory and related data processing and other systems of the Loan Parties, in each case from appraisers reasonably satisfactory to the Arrangers.

Appears in 4 contracts

Samples: Credit Agreement (Nebraska Book Co), Credit Agreement (NBC Acquisition Corp), Credit Agreement (NBC Acquisition Corp)

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Appraisals and Field Exams. The Arrangers shall have received and be reasonably satisfied with (i) appraisals of Inventory of the Loan Parties and (ii) field exams of the Accounts, Inventory and related data processing and other systems of the Loan Parties, in each case from appraisers reasonably satisfactory to the ArrangersArrangers (it being understood that as of June [_____], such condition has been satisfied).

Appears in 1 contract

Samples: Secured Superpriority Debtor in Possession Credit Agreement (NBC Acquisition Corp)

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