Common use of Appraisals; Inspections Clause in Contracts

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.

Appears in 3 contracts

Samples: Credit Agreement (Uap Holding Corp), Credit Agreement (Uap Holding Corp), Credit Agreement (Uap Holding Corp)

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Appraisals; Inspections. Within 60 days prior to June 30th 30/th/ of each year and December 31st 31/st/ 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.

Appears in 1 contract

Samples: Credit Agreement (Platte Chemical Co)

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