Common use of Collateral Audit Clause in Contracts

Collateral Audit. The Company shall permit representatives of the Bank to undertake an annual audit of the Collateral, and the Company agrees to pay all reasonable expenses of the Bank incurred in connection therewith.

Appears in 2 contracts

Samples: Credit Agreement (Cygne Designs Inc), Security Agreement (Cygne Designs Inc)

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Collateral Audit. The Company shall permit ------------------ representatives of the Bank to undertake an annual audit of the Collateral, and the Company agrees to pay all reasonable expenses of the Bank incurred in connection therewith.

Appears in 2 contracts

Samples: Credit Agreement (Taylor Ann Stores Corp), Security Agreement (Taylor Ann Stores Corp)

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