Appraisals; Inspections. Within 60 days prior to June 30th of each year and December 31st of each year, Borrower Representative (or in the case of Canadian Borrower, Canadian Agent) shall deliver to Agent an Appraisal of Borrowers’ Inventory; provided, that the mid-year Appraisal shall be a desktop appraisal so long as no Event of Default has occurred and is continuing.
Appraisals; Inspections. (i) Each Credit Party, at its sole cost and expense, shall promptly deliver to Agent the results of each physical verification, if any, which such Credit Party may, in its discretion have made, or caused any other Person to have made on its behalf, of all or any portion of its Inventory.
Appraisals; Inspections. (i) At Borrowers’ expense, at any time while and so long as an Event of Default shall have occurred and be continuing, and in the absence of a Default or Event of Default not more than once during each calendar year, any Agent may obtain appraisal reports in form and substance and from appraisers reasonably satisfactory to such Agent stating the then current market values of all or any portion of the personal property owned by any of the Credit Parties.
Appraisals; Inspections. (i) From time to time, if Agent or any Lender determines that obtaining appraisals is necessary in order for Agent or such Lender to comply with applicable laws or regulations, Agent will, at Borrowers' expense, obtain appraisal reports in form and substance and from appraisers satisfactory to Agent stating the then current fair market values of all or any portion of the Real Estate owned by Credit Parties.
Appraisals; Inspections. (i) From time to time, if Agent or any Lender determines that obtaining appraisals is necessary in order for Agent or such Lender to comply with applicable laws or regulations, Agent will, at Borrower's expense, obtain appraisal reports in form and substance and from appraisers satisfactory to Agent stating the then current fair market values of all or any portion of the Real Estate owned by Credit Parties. In addition to the foregoing, at Borrower's expense, at any time while and so long as an Event of Default shall have occurred and be continuing, and in the absence of a Default or Event of Default not more than once during each calendar year, Agent may obtain appraisal reports in form and substance and from appraisers satisfactory to Agent stating the then current market values of all or any portion of the Real Estate and personal property owned by any of the Credit Parties.
Appraisals; Inspections. (i) From time to time, if Agent or any Lender reasonably determines that obtaining appraisals is necessary in order for Agent or such Lender to comply with applicable laws or regulations, Agent will, at Borrower’s expense, obtain appraisal reports in form and substance and from appraisers satisfactory to Agent stating the then current fair market values of all or any portion of the Real Estate owned by Credit Parties. In addition to the foregoing, at Borrower’s expense, at any time while and so long as an Event of Default shall have occurred and be continuing, and in the absence of an Event of Default at any time in which the outstanding amount of Revolving Loans is equal to or greater than the lesser of (x) $5,000,000 and (y) 33 percent of the then current Borrowing Base for ten consecutive days, Agent may obtain appraisal reports in form and substance and from appraisers reasonably satisfactory to Agent stating the then current market values of all or any portion of the Real Estate and personal property owned by any of the Credit Parties; provided, however, that, absent an Event of Default, no such appraisals may be obtained within the one year period following the date of the last such appraisal.
Appraisals; Inspections. (i) At Borrower's expense, at any time while and so long as an Event of Default shall have occurred and be continuing, and in the absence of a Default or Event of Default not more than twice during each calendar year, Agent shall be entitled to (x) conduct or cause to be conducted, an audit of the Collateral and (y) obtain appraisal reports in form and substance and from appraisers satisfactory to Agent stating the then current market values of all or any portion of the personal property owned by any of the Credit Parties; it being understood that Agent may, in its sole discretion; increase the frequency of the aforementioned audits of Collateral and appraisals of personal property to four times during each calendar year, but not more than once in each Fiscal Quarter.
Appraisals; Inspections. (i) On or prior to the date that is forty-five (45) days following the Closing Date, Borrower shall, at Borrower's expense, (x) obtain appraisal reports in form and substance and from appraisers reasonably satisfactory to Agent stating the then current fair market values or Net Orderly Liquidation Value, as applicable, of all or any portion of the Real Estate, M&E and Inventory owned by the Credit Parties, as applicable; (y) obtain from FIRREA certified appraisers, appraisals, in form and substance reasonably satisfactory to Agent and in compliance with FIRREA, of the fair market value of the owned Real Estate of the Credit Parties and (z) permit Agent to conduct a field examination performed by Agent or its representatives of the business, operations, financial condition and assets of the Credit Parties.
Appraisals; Inspections. (i) From time to time, if any Agent or any Lender determines that obtaining appraisals is necessary in order for such Agent or such Lender to comply with applicable laws or regulations, such Agent will, at Borrowers’ expense, obtain appraisal reports in form and substance and from appraisers reasonably satisfactory to such Agent stating the then current fair market values of all or any portion of the Real Estate owned by Credit Parties. In addition to the foregoing, at Borrowers’ expense, (i) at any time while and so long as an Event of Default shall have occurred and be continuing, and in the absence of an Event of Default and so long as Aggregate Borrowing Availability equals or is in excess of $30,000,000 not more than once during each calendar year, each Agent may obtain appraisal reports in form and substance and from appraisers satisfactory to such Agent stating the then current market values (or NOLV) of all or any portion of the Inventory and other personal property owned by any of the Credit Parties and (ii) once during each calendar year, each Agent may, in its sole discretion, obtain appraisal reports in form and substance and from appraisers satisfactory to such Agent stating the then current NOLV of all or any portion of the PPE owned by any of the Credit Parties.
Appraisals; Inspections. (i) The Borrower, at its own expense, shall, promptly upon the reasonable request by the Administrative Agent, deliver to the Administrative Agent the results of each physical verification, if any, that the Borrower or any of its Subsidiaries may in their discretion have made, or caused any other Person to have made on their behalf, of all or any portion of their Inventory (and, if a Default or an Event of Default has occurred and is continuing, the Borrower shall, upon the reasonable request of the Administrative Agent, conduct, and deliver the results of, such physical verifications as the Administrative Agent may reasonably require); and
