Common use of Collateral Examination Clause in Contracts

Collateral Examination. Agent shall have completed prefund Collateral examinations and received final appraisals as required by Agent in its sole discretion, the results of which shall be reasonably satisfactory in form and substance to Agent, of the Receivables, Inventory, General Intangibles, each of the Xxxxxxx Property and Lucerne Property (which shall be prepared by an MAI appraiser engaged by the Agent and which shall state a fair market value), Leasehold Interests and Equipment of each Borrower and all books and records in connection therewith;

Collateral Examination. Agent shall have completed prefund Collateral examinations and received final appraisals as required by Agent in its sole discretion, the results of which shall be reasonably satisfactory in form and substance to Agent, of the Receivables, Inventory, General Intangibles, each of the Xxxxxxx Andrews Property and Lucerne Property (which shall be prepared by an MAI appraiser engaged by the Agent and which shall state a fair market value), Leasehold Interests and Equipment of each Borrower and all books and records in connection therewith;