Common use of Appraisals of Collateral Clause in Contracts

Appraisals of Collateral. While there is an Existing Default, at Reseller’s sole cost and expense, at any time, Administrative Agents or Persons authorized by and acting on behalf of Administrative Agents may perform or have performed on their behalf such appraisals of Reseller’s Inventory, equipment, and other assets by an appraiser satisfactory to Administrative Agents and prepared on a frequency satisfactory to Administrative Agents. While there is no Existing Default, at Reseller’s sole cost and expense, Administrative Agents or Persons authorized by and acting on behalf of Administrative Agents may perform or have performed on their behalf no more than one time per calendar year (and any such appraisals performed while there is an Existing Default shall not count towards the once per calendar limit described in this sentence) an appraisal of Reseller’s Inventory, equipment, and other assets by an appraiser satisfactory to Administrative Agents and prepared on a basis satisfactory to Administrative Agents. The cost for each appraisal shall not exceed the actual out-of-pocket expenditures of Administrative Agents. Each Covered Person shall cooperate with Administrative Agents and such Persons in the conduct of such appraisals and shall deliver to Administrative Agents or such Persons any documents or instruments necessary for Administrative Agents or such Person’s to perform such appraisals. Reseller shall reimburse Administrative Agents for all reasonable costs and reasonable expenses actually incurred by them in conducting or having conducted each such appraisal.

Appraisals of Collateral. While there is an Existing Default, at Reseller’s At Borrower's sole cost and expense, at any time, Administrative Agents Agent or Persons authorized by and acting on behalf of Administrative Agents may Agent may, no more than one time per calendar year so long as there is no Existing Default, perform or have performed on their its behalf such appraisals an appraisal of Reseller’s Borrower's Inventory, equipment, and other assets by an appraiser satisfactory reasonably acceptable to Administrative Agents Agent and prepared on a frequency basis reasonably satisfactory to Administrative AgentsAgent. While So long as there is no an Existing Default, at Reseller’s sole cost and expense, Administrative Agents Agent or Persons authorized by and acting on behalf of Administrative Agents may Agent may, at Borrower's sole cost and expense, as often as Administrative Agent deems desirable, perform or have performed on their its behalf no more than one time per calendar year (and any such appraisals performed while there is an Existing Default shall not count towards the once per calendar limit described in this sentence) an appraisal of Reseller’s Borrower's Inventory, equipment, and other assets by an appraiser satisfactory reasonably acceptable to Administrative Agents Agent and prepared on a basis reasonably satisfactory to Administrative Agents. The cost for each appraisal shall not exceed the actual out-of-pocket expenditures of Administrative AgentsAgent. Each Covered Person shall cooperate with Administrative Agents Agent and such Persons in the conduct of such appraisals and shall deliver to Administrative Agents Agent or such Persons any documents or instruments necessary for Administrative Agents Agent or such Person’s 's to perform such appraisals. Reseller Borrower shall reimburse Administrative Agents Agent for all reasonable costs and reasonable expenses actually incurred by them it in conducting or having conducted each such appraisalappraisal plus Administrative Agent's other actual out-of-pocket costs and expenses.

Appraisals of Collateral. While there is an Existing Default, at Reseller’s sole cost and expense, at any time, Administrative Agents Agent or Persons authorized by and acting on behalf of Administrative Agents may Agent may, as often as Administrative Agent deems desirable, perform or have performed on their its behalf such appraisals an appraisal of ResellerBorrower’s Inventory, equipment, and other assets by an appraiser satisfactory reasonably acceptable to Administrative Agents and prepared on a frequency satisfactory to Administrative Agents. While there is no Existing Default, at Reseller’s sole cost and expense, Administrative Agents or Persons authorized by and acting on behalf of Administrative Agents may perform or have performed on their behalf no more than one time per calendar year (and any such appraisals performed while there is an Existing Default shall not count towards the once per calendar limit described in this sentence) an appraisal of Reseller’s Inventory, equipment, and other assets by an appraiser satisfactory to Administrative Agents Agent and prepared on a basis reasonably satisfactory to Administrative Agents. The cost for each appraisal shall not exceed the actual out-of-pocket expenditures of Administrative AgentsAgent. Each Covered Person shall cooperate with Administrative Agents Agent and such Persons in the conduct of such appraisals and shall deliver to Administrative Agents Agent or such Persons any documents or instruments necessary for Administrative Agents Agent or such Person’s to perform such appraisals. Reseller If there is an Existing Default at the time of any such appraisal, then Borrower shall reimburse Administrative Agents Agent for all reasonable costs and reasonable expenses actually incurred by them it in conducting or having conducted each such appraisal plus Administrative Agent’s other actual out-of-pocket costs and expenses, and if there is no Existing Default at the time of any such appraisal, Borrower shall not be obligated to reimburse Administrative Agent for its costs and expenses actually incurred by it in conducting or having conducted such appraisal including Administrative Agent’s other actual out-of-pocket costs and expenses.