Audit and Appraisal Fees. Borrower shall reimburse Lender for all reasonable out-of-pocket costs and expenses incurred by Lender in connection with audits and appraisals of Borrower's books and records and such other matters as Lender shall deem appropriate. All such out-of-pocket expenses shall be payable on demand.
Audit and Appraisal Fees. Borrower shall be obligated to reimburse Lender for all reasonable costs and expenses incurred by Lender in connection with all appraisals of any Collateral and audits of any Obligor's books and records and such other matters pertaining to any Obligor or any Collateral as Lender shall deem appropriate.
Audit and Appraisal Fees. Borrowers shall pay to Agent (a) audit fees and expenses in connection with audits (including visits to the facilities of the Borrowers) of the books and records and the amount, value, location, and types of Collateral, which audit fees and expenses shall consist of an $1,000 per day per field examiner charge for employees of Agent plus all reasonable and documented out-of-pocket expenses incurred by Agent in connection with such audits, whether such audits are conducted by employees of Agent or by third parties hired by Agent, and (b) the actual charges paid or incurred by Agent if it elects to employ the services of one or more third persons to appraise the Collateral, or any portion thereof. Notwithstanding the foregoing, so long as no Default or Event of Default has occurred and is continuing, Borrowers' obligation to pay for (a) audits in any 12-month period shall be limited as follows (it being understood that Agent shall not be prohibited from conducting additional audits at its own expense): (i) so long as, as of any date of determination during such 12-month period, Availability remains greater than or equal to the greater of (A) an amount equal to 10% of the Line Cap as of such date and (B) $12,500,000, one audit, and (ii) otherwise, two audits; and (b) appraisals in any 12-month period shall be limited as follows (it being understood that Agent shall not be prohibited from conducting additional appraisals at its own expense): (i) so long as, as of any date of determination during such 12-month period, Availability remains greater than or equal to the greater of (A) an amount equal to 10% of the Line Cap as of such date and (B) $12,500,000, one appraisal, and (ii) otherwise, two appraisals.
Audit and Appraisal Fees. Borrowers shall be jointly and severally obligated to reimburse Agent and Lenders for all reasonable costs and expenses incurred by Agent and Lenders in connection with all audits and appraisals of any Obligor’s books and records and such other matters pertaining to any Obligor or any Collateral as Agent shall deem appropriate. Borrowers shall reimburse Agent and Lenders for all reasonable costs and expenses incurred by Agent or Lenders in connection with appraisals of any Collateral as Agent shall deem appropriate and shall pay to Agent $850.00 per day for each day that an employee or agent of Agent shall be engaged in a field examination or an audit or review of any Borrower’s books and records.
Audit and Appraisal Fees. 6 2.7 Overadvance Fee.......................................6 2.8
Audit and Appraisal Fees. Borrower shall pay to Agent audit fees in accordance with Agent’s current schedule of fees in effect from time to time in connection with audits of the books and records and Properties of Borrower and its Subsidiaries and such other matters as Agent shall deem appropriate in its reasonable credit judgment, plus all reasonable out-of-pocket expenses incurred by Agent in connection with such audits; provided, that so long as no Event of Default has occurred and is continuing, Borrower shall not be liable for such audit fees in excess of $40,000 in any fiscal year, whether such audits are conducted by employees of Agent or by third parties hired by Agent. Additionally, from time to time, Agent may, at Borrower’s expense, obtain appraisals from appraisers (who may be personnel of Agent), stating the then current fair market value of all or any portion of the real estate or personal Property of Borrower or any of its Subsidiaries, including without limitation the Inventory of Borrower and its Subsidiaries; provided, however, that so long as no Event of Default exists and is continuing, Borrower shall not be required to reimburse Agent for the costs of such appraisals in excess of $50,000 in any fiscal year. Such audit fees, appraisal fees and out-of-pocket expenses shall be payable on the first day of the month following the date of issuance by Agent of a request for payment thereof to Borrower. Agent may, in its discretion, provide for the payment of such amounts by making appropriate Revolving Credit Loans to Borrower and charging Borrower’s Loan Account therefor.
Audit and Appraisal Fees. Borrower shall reimburse Agent and Lenders for all reasonable costs and expenses incurred by Agent or Lenders in connection with appraisals and audits of any Collateral as Agent shall deem appropriate and shall pay to Agent its normal and customary fee per day (currently $850 per day per examiner) for each day that an employee or agent of Agent shall be engaged in an examination or review of Borrower's books and records; provided, however, if Availability is greater than or equal to $10,000,000 and no Event of Default exists, then Borrower shall not be obligated to reimburse Agent or its agents or designees for more than one appraisal of Borrower's Inventory more frequently than once every eighteen months; and provided, further, however, if Availability is less than $10,000,000 or an Event of Default exists, then Borrower shall be obligated to reimburse Agent for any and all appraisals of Borrower's Inventory conducted by Agent or its agents or designees. On the Closing Date, Borrower shall be obligated to pay to Agent all out-of-pocket expenses incurred by Agent in connection with the audit and appraisal of Borrower's business and Properties prior to the Closing Date.
Audit and Appraisal Fees. 13 2.9.1 Borrower shall pay to Lender all reasonable out- of-pocket costs and expenses incurred by Lender in connection with audits and appraisals of Borrower's books and records or the Collateral, plus all fees and expenses incurred by Lender in connection with any appraisals of the Collateral commissioned by Lender and performed by third party appraisers. All such fees, costs, and expenses shall be payable on the first day of the month following the date of issuance by Lender of a request for payment thereof to Borrower.
Audit and Appraisal Fees. Borrowers shall reimburse the applicable Agent for all reasonable costs and expenses incurred by such Agent in connection with (i) examinations and reviews of any Borrower’s or any Canadian Subsidiary Guarantor’s, as applicable, books and records and such other matters pertaining to such Borrower or Canadian Subsidiary Guarantor, as applicable, or any Collateral as Administrative Agent shall deem appropriate in the exercise of its reasonable Credit Judgment and, in each case, shall pay to the applicable Agent the standard amount charged by the applicable Agent ($850 per person per day as of the Closing Date) for each day that an employee or agent of such Agent shall be engaged in an examination or review of such Borrower’s or Canadian Subsidiary Guarantor’s books and records, and (ii) appraisals of Inventory, at such times as may be determined by Administrative Agent; provided, however, that Borrowers shall not be obligated to reimburse the applicable Agent for more than the number of all field examinations and all appraisals of Collateral specified to be paid by Borrowers conducted as provided in Section 10.1.1 and in connection with satisfying the Acquired Accounts Eligibility Requirement or the Acquired Inventory Eligibility Requirement.
Audit and Appraisal Fees. Borrower shall pay to Agent reasonable audit and appraisal fees in accordance with Agent’s current schedule of fees in effect from time to time (at Closing Date, $1,000 per day per person) in connection with audits and appraisals of Borrower’s books and records and such other matters as Agent shall deem reasonably appropriate, plus all out-of-pocket expenses incurred by Agent in connection with such audits and appraisals. Audit fees shall be payable on the first day of the month following the date of issuance by Agent of a request for payment thereof to Borrower.
