Collateral Audits; Appraisals. The Administrative Agent and Collateral Agent shall have received the results of the appraisals and field examination of all Inventory and Accounts Receivable of the Borrowers and their Subsidiaries, in each case in form, scope and substance satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 4 contracts
Samples: Security Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.)