Common use of Audit and Appraisal Fees Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Integrated Electrical Services Inc), Loan and Security Agreement (Integrated Electrical Services Inc)

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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 '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 's books and records.

Appears in 1 contract

Samples: Loan and Security Agreement (Integrated Electrical Services Inc)

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Audit and Appraisal Fees. Borrowers Borrower shall be jointly and severally obligated to reimburse Agent and Lenders Lender for all reasonable costs and expenses incurred by Agent and Lenders Lender in connection with all audits and appraisals of any Obligor’s 's books and records and such other matters pertaining to any Obligor or any Collateral as Agent Lender shall deem appropriate. Borrowers Borrower shall reimburse Agent and Lenders Lender for all reasonable costs and expenses incurred by Agent or Lenders Lender in connection with appraisals of any Collateral as Agent Lender shall deem appropriate and shall pay to Agent Lender its standard per diem audit fee (currently $850.00 850 per day day) for each day that an employee or agent of Agent Lender shall be engaged in a field an examination or an audit or review of any Borrower’s 's books and records.

Appears in 1 contract

Samples: Loan and Security Agreement (Tropical Sportswear International Corp)

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