Common use of Audit and Appraisal Fees Clause in Contracts

Audit and Appraisal Fees. Borrowers shall pay to Lender audit and appraisal fees from time to time in connection with Lender's periodic audits and appraisals of Borrowers' books and records and such other matters as Lender shall deem appropriate, plus all out-of-pocket expenses incurred by Lender in connection with such audits and appraisals. Such audit and appraisal fees shall be calculated at the rate of $500.00 for each member of Lender's field examination staff engaged in any such audit and appraisal for each day during which such examination is being conducted and, absent the occurrence and continuance of an Event of Default, such audits and appraisals shall be conducted not more than three (3) times during each twelve (12) month period, commencing as of the Closing Date. Audit fees shall be payable on the first day of the month following the date of issuance by Lender of a request for payment thereof to Borrowers. Upon Borrowers' request, Lender shall provide to Borrowers in reasonable detail the back-up and support of any out-of-pocket expenses referred to herein.

Audit and Appraisal Fees. Borrowers Borrower shall pay to Lender audit and appraisal fees from time to time in connection with Lender's periodic audits and appraisals of Borrowers' Borrower's books and records and such other matters as Lender shall deem appropriate, plus all out-of-pocket expenses incurred by Lender in connection with such audits and appraisals. Such audit and appraisal fees shall be calculated at the rate of $500.00 500 for each member of Lender's field examination staff engaged in any such audit and appraisal for each day during which such examination is being conducted and, absent the occurrence and continuance of an Event of Default, such audits and appraisals shall be conducted not more than three (3) times during each twelve (12) month period, commencing as of the Closing Date. Audit fees shall be payable on the first day of the month following the date of issuance by Lender of a request for payment thereof to BorrowersBorrower. Upon Borrowers' Borrower's request, Lender shall provide to Borrowers Borrower in reasonable detail the back-up and support of any out-of-pocket expenses referred to herein.

Audit and Appraisal Fees. Borrowers Borrower shall pay to Lender audit and appraisal fees from time to time in connection with Lender's periodic audits and appraisals of Borrowers' Borrower's books and records and such other matters as Lender shall deem appropriate, plus all out-of---pocket expenses incurred by Lender in connection with such audits and appraisals. Such audit and appraisal fees shall be calculated at the rate of $500.00 500 for each member of Lender's field examination staff engaged in any such audit and appraisal for each day during which such examination is being conducted and, absent the occurrence and continuance of an Event of Default, such audits and appraisals shall be conducted not more than three (3) times during each twelve (12) month period, commencing as of the Closing Date. Audit fees shall be payable on the first day of the month following the date of issuance by Lender of a request for payment thereof to BorrowersBorrower. Upon Borrowers' Borrower's request, Lender shall provide to Borrowers Borrower in reasonable detail the back-up and support of any out-of-pocket expenses referred to herein.

Audit and Appraisal Fees. Borrowers Borrower shall pay to Lender audit and appraisal fees in accordance with Lender's current schedule of xxxx xn effect from time to time in connection with Lender's periodic audits and appraisals of Borrowers' Borrower's books and records and such other matters as Lender shall deem appropriate, plus all out-of-pocket expenses incurred by Lender in connection with such audits and appraisals. Such audit and appraisal Borrower shall also pay the Lender field examination fees shall be calculated at the rate of $500.00 for each member of Lender's 800 per person per man day, plus out-of-pocket expenses incurred by Lender in connection with field examination staff engaged in any such audit and appraisal for each day during which such examination is being conducted and, absent the occurrence and continuance of an examinations performed by Lender or its agents or representatives. Provided no Event of DefaultDefault has occurred, such audits and appraisals shall be conducted not Lender will, at its option, conduct no fewer than two (2) nor more than three four (34) times during each twelve (12) month period, commencing as of the Closing Datefield examinations per annum. Audit Such fees shall be payable on the first day of the month following the date of issuance by Lender of a request for payment thereof paymenx xxxreof to BorrowersBorrower. Upon Borrowers' requestAfter the occurrence of an Event of Default, such fees and the number of field examinations shall be subject to change as Lender shall provide to Borrowers in reasonable detail the back-up and support of any out-of-pocket expenses referred to hereindetermine.