Common use of Collateral Audits Clause in Contracts

Collateral Audits. Permit the Bank to conduct audits of all collateral pledged to the Bank by the Borrower at such intervals as the Bank may reasonably required. The audits may be performed by employees of the Bank or independent contractors retained by the Bank.

Collateral Audits. Permit the Bank to conduct audits of all collateral pledged to the Bank by the Borrower at such intervals as the Bank may reasonably requiredrequire, but not in excess of two times each calendar year. The audits may be performed by employees of the Bank or independent contractors retained by the Bank.

Collateral Audits. Permit the Bank to conduct audits of all collateral pledged to the Bank by the Borrower at such intervals as the Bank may reasonably requiredrequire but not in excess of one time per calendar year. The audits may be performed by employees of the Bank or independent contractors retained by the Bank.

Collateral Audits. Permit the Bank to conduct audits of all collateral pledged to the Bank by the Borrower at such intervals as the Bank may reasonably requiredrequire, but not in excess of one time each calendar year. In the event the Borrower is in default, collateral audits may be performed more frequently than once per calendar year. The audits may be performed by employees of the Bank or independent contractors retained by the Bank.

Collateral Audits. Permit the Bank to conduct audits of all collateral pledged to the Bank by the Borrower at such intervals as the Bank may reasonably requiredrequire, but not in excess of 2 times each calendar year. The audits may be performed by employees of the Bank or independent contractors retained by the Bank.