Common use of Asset Appraisal Clause in Contracts

Asset Appraisal. Borrower shall have provided to FINOVA, at Borrower's sole cost and expense, an asset appraisal of all Borrower's fixed assets upon which FINOVA shall be granted a first priority lien and security interest, which appraisal must be acceptable to FINOVA in all respects.

Appears in 3 contracts

Samples: Loan and Security Agreement (1 800 Autotow Inc), Loan and Security Agreement (Revenge Marine Inc), Loan and Security Agreement (Medley Credit Acceptance Corp)

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Asset Appraisal. Borrower shall have provided to FINOVA, at Borrower's sole cost and expense, an asset appraisal of all Borrower's fixed assets upon which FINOVA shall be granted a first priority lien and security interest, which appraisal must be acceptable to FINOVA in all respects.;

Appears in 2 contracts

Samples: Loan and Security Agreement (Community Medical Transport Inc), Loan and Security Agreement (Community Medical Transport Inc)

Asset Appraisal. Borrower shall have provided to FINOVA, at --------------- Borrower's sole cost and expense, an asset appraisal of all Borrower's fixed assets upon which FINOVA shall be granted a first priority lien and security interest, which appraisal must be acceptable to FINOVA in all respects.

Appears in 1 contract

Samples: Finova Loan and Security Agreement (Utilx Corp)

Asset Appraisal. Borrower shall have provided to FINOVA, at Borrower's sole cost and expense, an asset appraisal of all Borrower's fixed assets assets, real estate and rolling stock upon which FINOVA shall be granted a first priority lien and security interest, which appraisal must be acceptable to FINOVA FINOVA, in its sole discretion, in all respects.

Appears in 1 contract

Samples: Loan and Security Agreement (Automotive One Parts Stores Inc)

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Asset Appraisal. Borrower shall have provided to FINOVA, at Borrower's sole cost and expense, an asset appraisal of all Borrower's fixed assets Equipment upon which FINOVA shall be granted a first priority lien and security interest, which appraisal must be acceptable to FINOVA in all respects.

Appears in 1 contract

Samples: Loan and Security Agreement (Organic Food Products Inc)

Asset Appraisal. Borrower shall have provided to FINOVA, at Borrower's sole cost and expense, an asset appraisal of all Borrower's fixed assets upon which FINOVA shall be granted a first priority lien and security interest, which appraisal must be acceptable to FINOVA in all respects.. ---------------

Appears in 1 contract

Samples: Finova Loan and Security Agreement (Play Co Toys & Entertainment Corp)

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