Common use of Audit of Collateral Clause in Contracts

Audit of Collateral. In the case of any Advances under the Revolving Facility, at Bank’s election, the Bank shall have received and conducted an audit of the Collateral (including, without limitation, Borrower’s Accounts), the results of which shall be satisfactory to the Bank.

Audit of Collateral. In the case of any Advances under the Revolving Facility, at Bank’s election, the Bank shall have received and conducted an audit of the Collateral (including, as applicable, without limitation, the Accounts of each of Borrower’s Accounts, IL, NBIL, ORC and Chesapeake), the results of which shall be satisfactory to the Bank.

Audit of Collateral. In the case of any Advances under the Revolving Facility, at Bank’s election, the Bank shall have received and conducted an audit of the Collateral (including, without limitation, Borrower’s Accounts), the results of which shall be satisfactory to the Bank; provided, that prior to the occurrence of an Event of Default, the Bank’s right to conduct an audit shall be limited to once per fiscal year.

Audit of Collateral. In At the case of any Advances under the Revolving Facility, at Bank’s election, the Bank shall have received and conducted an audit of the Collateral collateral securing the Loans (including, without limitation, Borrower’s Inventory and Accounts), the results of which shall be satisfactory to the Bank.