Common use of Audit Expenses Clause in Contracts

Audit Expenses. Borrower will reimburse Lender at the rate of $800 per person per day, together with all out-of-pocket expenses incurred, for all audits conducted by Lender with respect to all or any portion of the Collateral and/or Borrower's financial and other records. Such audits may be conducted by Lender from time to time in its sole discretion and may be handled by Lender's own personnel and/or by outside auditors engaged by Lender (and in either such case shall be reimbursed as specified above).

Audit Expenses. Borrower will reimburse Lender at the rate of $800 per person per day, together with all out-of-pocket expenses incurred, for all audits conducted by Lender with respect to all or any portion of the Collateral and/or Borrower's the Credit Parties' financial and other records. Such audits may be conducted by Lender from time to time in its sole discretion and may be handled by Lender's own personnel and/or by outside auditors engaged by Lender (and in either such case shall be reimbursed as specified above).