Common use of Audit and Appraisal Fees Clause in Contracts

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.