Audits and Appraisals. (i) The Administrative Agent or its Affiliates shall have conducted a field examination of the Borrowers’ assets, liabilities, cash management systems, reporting and books and records, and the results of such field examination shall be reasonably satisfactory to the Administrative Agent in all respects; and
Audits and Appraisals. Article 36 The audits and appraisals on Newco include the internal audits and appraisals conducted by the Acquirer and any external audits or appraisals performed by an independent third party.
Audits and Appraisals. Section 2.2.4 is amended in its entirety to read as follows:
Audits and Appraisals. Upon the request of Administrative Agent, each Borrower shall, and shall cause each of its Subsidiaries to, permit any authorized representatives designated by Administrative Agent to conduct one or more audits of all Accounts and Inventory of Loan Parties and one or more appraisals of all Equipment, Real Property Assets and Intellectual Property of Loan Parties, in each case during each twelve-month period after the Second Amendment Effective Date (exclusive of any audits or appraisals required under subsection 6.12(ii) (the "BASE AUDITS AND APPRAISALS")), or upon the occurrence and during the continuation of an Event of Default, such additional audits of Accounts and Inventory and appraisals of Equipment, Real Property Assets and Intellectual Property as Administrative Agent may require, each such audit and/or appraisal to be substantially similar in scope and substance to the Base Audits and Appraisals, all upon reasonable notice and at such reasonable times during normal business hours and as often as may be reasonably requested.
Audits and Appraisals. (a) So long as no Event of Default has occurred and is continuing, the Administrative Agent may, from time to time, conduct commercial finance audits of the Borrowers’ books and records (in each event, at the Administrative Agent’s expense), such exams to be conducted not more than once during any one (1) consecutive twelve (12) month period. After the occurrence of an Event of Default which is continuing, the Administrative Agent may, from time to time, conduct commercial finance audits of the Borrowers’ books and records (in each event, at the Borrowers’ expense, but not to exceed $5,000.00 per exam).
Audits and Appraisals. The Agents may, after the occurrence of a Collateral Provision Event, from time to time conduct commercial finance audits of the Borrower's books and records (in each event, at the Borrowers' expense, but not to exceed $5,000.00 per exam), such exams to be conducted (i) quarterly, or (ii) at the discretion of the Agents at any time while an Event of Default is existing.
Audits and Appraisals. (a) At reasonable times, on two (2) Business Day’s notice (provided that no notice is required if an Event of Default has occurred and is continuing), the Administrative Agent, or its agents, shall have the right to inspect the Collateral and the right to audit and copy any and all of any Loan Party’s books and records including ledgers, federal, state and provincial tax returns, records regarding assets or liabilities, the Collateral, business operations or financial condition, and all computer programs or storage or any equipment containing such information. The foregoing inspections and audits shall be at the Borrowers’ expense, and the charge therefor shall be $850 per person per day (or such higher amount as shall represent the Administrative Agent’s then-current standard charge for the same), plus reasonable out-of-pocket expenses. Such inspections and audits shall not be undertaken more frequently than twice per year, unless an Event of Default has occurred and is continuing.
Audits and Appraisals. Upon the request of Administrative Agent, each Borrower shall, and shall cause each of its Subsidiaries to, permit any authorized representatives designated by Administrative Agent to conduct one or more audits of all Accounts and Inventory of Loan Parties and one or more appraisals of all Equipment and Real Property Assets, in each case during each twelve-month period after the Effective Date (exclusive of any audits or appraisals required under subsections 4.1K and 4.1L (the "BASE AUDITS AND APPRAISALS")), or upon the occurrence and during the continuation of an Event of Default, such additional audits of Accounts and Inventory and appraisals of Equipment and Real Property Assets as Administrative Agent may require, each such audit and/or appraisal to be substantially similar in scope and substance to the Base Audits and Appraisals, all upon reasonable notice and at such reasonable times during normal business hours and as often as may be reasonably requested.
Audits and Appraisals. 50 7-7. Consolidated EBIT to Consolidated Interest Expense............... 50 7-8. Consolidated Total Net Worth..................................... 50 7-9. Leverage Ratio................................................... 50 7-10. Net Profit....................................................... 50
Audits and Appraisals. (a) The Lender may from time to time conduct commercial finance audits of the Borrower's books and records (in each event, at the Borrowers' expense estimated at $650.00 per day per person plus all out of pocket expenses). (b)(i) The Lender, at the expense of the Borrowers, may participate in and/or observe each physical count and/or inventory of so much of the Collateral as consists of Inventory which is undertaken on behalf of the Borrowers. (ii) Upon the Lender's request from time to time, each Borrower shall obtain, or shall permit the Lender to obtain (in all events, at the Borrowers' expense) physical counts and/or inventories of the Collateral in form and substance and by such inventory takers as are satisfactory to the Lender, each of which physical counts/inventories shall be observed by the Borrowers' accountants. (iii) Upon the Lender's request from time to time, the Borrower's shall permit the Lender to obtain appraisals of the Borrowers' assets (in all events, at the Borrowers' expense) conducted by such appraisers as are satisfactory to the Lender.
