Common use of Collateral Appraisals Clause in Contracts

Collateral Appraisals. Xxxxx Fargo may also obtain, from time to time, but no more than two times per calendar year so long as no Event of Default is existing, at Company’s expense, an appraisal of all or any portion of the Collateral, by an appraiser acceptable to Xxxxx Fargo in its sole discretion.

Appears in 2 contracts

Samples: Credit and Security Agreement (Tandy Brands Accessories Inc), Credit and Security Agreement (Tandy Brands Accessories Inc)

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Collateral Appraisals. Xxxxx Wxxxx Fargo may also obtain, from time to time, but no more than two 4 times per each calendar year so long as no Event of Default is existingyear, at Company’s expense, an appraisal of all or any portion of the Company’s Collateral, by an appraiser acceptable to Xxxxx Wxxxx Fargo in its sole discretion.

Appears in 1 contract

Samples: Credit and Security Agreement (Merrimac Industries Inc)

Collateral Appraisals. Xxxxx Fargo may also obtain, from time to time, but no more than two times per one time each calendar year so long as no Event of except during a Default is existingPeriod, at Company’s expense, an appraisal of all or any portion of Company’s Inventory and the Real Property Collateral, by an appraiser acceptable to Xxxxx Fargo in its sole discretion.

Appears in 1 contract

Samples: Credit and Security Agreement

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Collateral Appraisals. Xxxxx Fargo may also obtain, from time to time, but no more less than two times per one time each calendar year so long as no Event of Default is existingyear, at Company’s expense, an appraisal of all or any portion of the Collateral, a Collateral Appraisal by an appraiser acceptable to Xxxxx Fargo in its sole discretion.

Appears in 1 contract

Samples: Credit and Security Agreement (Gvi Security Solutions Inc)

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