Common use of Appraisals Clause in Contracts

Appraisals. Whenever a Default or Event of Default exists, and at such other times not more frequently than once every two years as the Agent requests, the Borrower shall, at its expense and upon the Agent's request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 4 contracts

Samples: Loan and Security Agreement (LDM Technologies Co), Loan and Security Agreement (LDM Technologies Inc), Term Loan and Security Agreement (LDM Technologies Inc)

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Appraisals. Whenever a Default or Event of Default exists, and at such other times not more frequently than once every two years a year as the Agent requests, the Borrower shall, at its expense and upon the Agent's request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, and prepared on a basis, reasonably satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 4 contracts

Samples: Loan and Security Agreement (Sweetheart Holdings Inc \De\), Loan and Security Agreement (Sweetheart Holdings Inc \De\), Loan and Security Agreement (Fruit of the Loom LTD)

Appraisals. Whenever a Default or Event of Default exists, and at such other times not more frequently than once every two years twice a year as the Agent requests, the Borrower shall, at its expense and upon the Agent's ’s request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the LendersAppraisal.

Appears in 3 contracts

Samples: Credit Agreement (Omnova Solutions Inc), Credit Agreement (Omnova Solutions Inc), Credit Agreement (Omnova Solutions Inc)

Appraisals. Whenever a Default or an Event of Default exists, and at such other times as the Agent may request, but not more frequently than once every two years as the Agent requestsa year, the Borrower shall, at its expense and upon the Agent's requestexpense, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, appraiser and prepared on a basis, in form in all respects satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 2 contracts

Samples: Financing and Security Agreement (Dcap Group Inc), Financing and Security Agreement (Dcap Group Inc)

Appraisals. Whenever a Default or Event of Default exists, and at such other times not more frequently than once every two years a year as the Agent requests, the Borrower shall, at its expense and upon the Agent's request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 2 contracts

Samples: Loan Agreement (United States Leather Inc /Wi/), Loan and Security Agreement (United States Leather Inc /Wi/)

Appraisals. Whenever a Default an Event or Event of Default exists, and at such other times not more frequently than once every two years a year as the Agent requests, the each Borrower shall, at its expense and upon the Agent's request, provide the Agent Lender with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral owned by such Borrower from an appraiser, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 2 contracts

Samples: Loan and Security Agreement (Trend Lines Inc), Loan and Security Agreement (Trend Lines Inc)

Appraisals. Whenever a Default or Event of Default exists, and at such other times not more frequently than once every two years a year as the Agent requests, the each Borrower shall, at its expense and upon the Agent's request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (W R Grace & Co)

Appraisals. Whenever a Default or Event of Default exists, and at such other times not more frequently than once every two years a year as the Agent requests, the Borrower shall, at its expense (subject to any applicable limitations set forth in Section 15.7 (Fees and Expenses)) and upon the Agent's request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Weirton Steel Corp)

Appraisals. Whenever a Default or an Event of Default exists, and at such other times not more frequently than once every two years a year as the Agent requests, the each Borrower shallshall (and shall cause each of its Subsidiaries to), at its expense and upon the Agent's request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor its Collateral from an appraiser, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Acme Metals Inc /De/)

Appraisals. Whenever a Default or an Event of Default exists, and at such other -------------- times not more frequently than once every two years a year as the Agent requests, the Borrower shall, at its expense and upon the Agent's request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, and prepared on a basis, reasonably satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Advanced Micro Devices Inc)

Appraisals. Whenever a Default or an Event of Default exists, and at such other times not more frequently than once every two years a year as the Agent requests, the Borrower shall, at its expense and upon the Agent's ’s request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, and prepared on a basis, reasonably satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Advanced Micro Devices Inc)

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Appraisals. Whenever At the Agent's request in its sole discretion whenever a Default or Event of Default exists, and at such other times not more frequently than once every two years a year as the Agent requestsBorrower desires, the Borrower shall, at its expense and upon the Agent's requestexpense, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral Included Revenue Equipment, from an a credentialed appraiser, and prepared on a basis, basis satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Consolidated Freightways Corp)

Appraisals. Whenever a Default an Event or Event of Default exists, and at such other times not more frequently than once every two years as the Agent requestsrequests (but not more often than quarterly), the Borrower shall, at its expense and upon the Agent's request, provide the Agent Lender with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral owned by Borrower from an appraiser, and prepared on a basis, satisfactory appraiser acceptable to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Woodworkers Warehouse Inc)

Appraisals. Whenever a Default or Event of Default exists, and at such other times not more frequently than once every two years a year as the Agent requests, the Borrower shall, at its expense and upon the Agent's ’s request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the LendersAppraisal.

Appears in 1 contract

Samples: Credit Agreement (Omnova Solutions Inc)

Appraisals. Whenever a Default or Event of Default exists, and at such other times not more frequently than once every two years a year as the Agent requests, the each Borrower shall, at its expense and upon the Agent's request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral with respect to such Borrower from an appraiser, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Laclede Steel Co /De/)

Appraisals. Whenever a Default or Event of Default exists, and at such other times not more frequently than once every two years a year as the Agent requests, the Borrower Borrowers shall, at its their expense and upon the Agent's ’s request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the LendersAppraisal.

Appears in 1 contract

Samples: Credit Agreement (Omnova Solutions Inc)

Appraisals. Whenever a Default or Event of Default exists, and at such other times not more frequently than once every two years one time per calendar year as the Agent requests, the Borrower Loan Parties shall, at its their expense and upon the Agent's request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Parker Drilling Co /De/)

Appraisals. Whenever a Default or Event of Default exists, and at such other times not more frequently than once every two years per month as the Agent requests, the Borrower shall, at its expense and upon the Agent's request, provide the Agent with appraisals or updates thereof of any or all of the Collateral or Guarantor Collateral from an appraiser, and prepared on a basis, reasonably satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulation and by the internal policies of the Lenders."

Appears in 1 contract

Samples: Loan and Security Agreement (Merisel Inc /De/)

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