Common use of Audit and Collateral Monitoring Fees Clause in Contracts

Audit and Collateral Monitoring Fees. The Borrower acknowledges that pursuant to Section 6.01 (f), representatives of the Agents may visit any or all of the Loan Parties and/or conduct audits, inspections, appraisals, valuations and/or field examinations of any or all of the Loan Parties or the Collateral at any time and from time to time in a manner so as to not unduly disrupt the business of the Loan Parties. The Borrower agrees to pay (i) $1,500 per day per examiner plus the examiner's reasonable out-of-pocket costs and reasonable expenses incurred in connection with all such visits, audits, inspections, appraisals, valuations and field examinations and (ii) the actual reasonable out-of-pocket cost of all visits, audits, inspections, appraisals, valuations and field examinations conducted by a third party on behalf of any Agent.

Appears in 2 contracts

Samples: Financing Agreement (Xanodyne Pharmaceuticals Inc), Financing Agreement (Xanodyne Pharmaceuticals Inc)

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Audit and Collateral Monitoring Fees. The Borrower acknowledges that pursuant to Section 6.01 (f7.01(f), representatives of the Agents may visit any Loan Party or all of the Loan Parties and/or conduct audits, inspections, appraisals, valuations and/or inspections or field examinations of any Loan Party and valuations or appraisals of any or all of the Collateral or business or enterprise valuations of the Loan Parties or the Collateral at any time and from time to time in a manner so as to not unduly disrupt the business of the such Loan PartiesParty. The Borrower agrees to pay (i) $1,500 1,000 per day per examiner plus the examiner's reasonable ’s out-of-pocket costs and reasonable expenses incurred in connection with all such visits, audits, inspections, appraisalsvaluations, valuations and field examinations and (ii) the actual reasonable out-of-pocket cost of all visits, audits, inspections, appraisals and business valuations (including enterprise valuation appraisals, valuations and field examinations ) conducted by a third party auditors or appraisers on behalf of any Agentthe Agents.

Appears in 2 contracts

Samples: Financing Agreement (Metalico Inc), Financing Agreement (Magnetek Inc)

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Audit and Collateral Monitoring Fees. (a) The Borrower acknowledges that pursuant to Section 6.01 (f7.01(f), representatives of the Agents Agent may visit any or all of the Loan Parties and/or conduct audits, inspections, appraisals, valuations and/or field examinations of any or all of the Loan Parties or the Collateral at any time and from time to time in a manner so as to not unduly disrupt the business of the Loan Parties. The Borrower agrees to pay (i) $1,500 per day per examiner plus the examiner's reasonable out-of-pocket costs and reasonable expenses incurred in connection with all such visits, audits, inspections, appraisals, valuations and field examinations and (ii) the actual reasonable out-of-pocket cost of all visits, audits, inspections, appraisals, valuations and field examinations conducted by a third party on behalf of any the Agent.

Appears in 1 contract

Samples: Financing Agreement (All Star Gas Corp)

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