Collateral Exams and Inspections. Company shall permit Xxxxx Fargo’s employees, accountants, attorneys or other Persons acting as its agent, to examine and inspect any Collateral or any other property of Company at any time during ordinary business hours.
Collateral Exams and Inspections. Company shall permit, and shall cause each Subsidiary to permit, Xxxxx Fargo’s employees, accountants, attorneys or other Persons acting as its agent, to examine and inspect any Collateral or any other property or assets of Company or any Subsidiary at any time during ordinary business hours; provided, however, so long as (i) no Event of Default exists, (ii) the sum of outstanding Advances and the L/C Amount have been less than $3,000,000 at all times, and (iii) the sum of Cash-on-Hand and the Excess Borrowing Base Availability has been $8,000,000 or more at all times, then collateral exams may be performed on a semi-annual basis.
Collateral Exams and Inspections. Company shall permit Xxxxx Fargo’s employees, accountants, attorneys or other Persons acting as its agent, to examine and inspect any Collateral or any other property of Company at any time during ordinary business hours. Collateral examinations may be conducted annually so long as no Event of Default has occurred and no Advances have been made (not including outstanding Letters of Credit). If an Event of Default has occurred or any Advance has been made (other than outstanding Letters of Credit), collateral examinations may be performed quarterly.
Collateral Exams and Inspections. Company shall permit, and shall cause each Subsidiary to permit, Wxxxx Fargo’s employees, accountants, attorneys or other Persons acting as its agent, to examine and inspect any Collateral or any other property or assets of Company or any Subsidiary at any time during ordinary business hours; provided, however, so long as: (i) (A) no Event of Default exists, (B) the sum of outstanding Advances and the L/C Amount have been less than $3,000,000 in the aggregate at all times, and (C) the sum of Cash-on-Hand and the Excess Borrowing Base Availability has been $6,000,000 in the aggregate or more at all times, then collateral exams may be performed on an annual basis; or (ii) (A) no Event of Default exists and (B) the sum of Cash-on-Hand and the Excess Borrowing Base Availability has been $4,000,000 in the aggregate or more at all times, then collateral exams may be performed on a semi-annual basis.
Collateral Exams and Inspections. Company shall permit Xxxxx Fargo’s employees, accountants, attorneys or other Persons acting as its agent, to examine and inspect any Collateral or any other property of Company at any time during ordinary business hours; provided, however, that so long as (i) Company’s Monthly Average Excess Availability is at least $750,000 and (ii) no Event of Default has occurred and is continuing, then the parties contemplate that such examinations will take place no more frequently than three times in any calendar year.
Collateral Exams and Inspections. Company shall permit Xxxxx Fargo’s employees, accountants, attorneys or other Persons acting as its agent, to examine and inspect any Collateral or any other property of Company at any time during ordinary business hours, but generally once each quarter and no less than three times each calendar year. If Company maintains an average excess Borrowing Base availability of at least $3,000,000 over the applicable prior three-month period and Company is in compliance with all covenants and terms of the Loan Documents, then Xxxxx Fargo, in its sole discretion, may waive the next scheduled Collateral exam.
Collateral Exams and Inspections. Each of the Parent and the Debtor shall permit the Secured Party or its designee(s), from time to time in the Secured Party’s sole discretion and expense, to conduct an audit and examination of the Collateral or any other property of the Debtor.
Collateral Exams and Inspections. Borrower shall permit Xxxxx Fargo’s employees, accountants, attorneys or other Persons acting as its agent, upon reasonable notice, to examine and inspect any Collateral or any other property of Borrower at any time on Premises of Borrower during ordinary business hours subject to Section 1.6(c).
Collateral Exams and Inspections. Borrower shall permit Lender or its designee(s), from time to time in Lender’s sole discretion, and at Borrower's sole expense, to conduct an audit and field examination of the Collateral or any other property of Borrower.
Collateral Exams and Inspections. Each Company shall permit Xxxxx Fargo’s employees, accountants, attorneys or other Persons acting as its agent, to examine and inspect any Collateral or any other property of such Company no more than one time each calendar year during business hours (so long as no FC Trigger Threshold Event has occurred and continuing for a full calendar month and subject to Section 3.2 or any Event of Default has occurred and is continuing, in which case Xxxxx Fargo may in its sole discretion conduct additional examinations and inspections at any time during ordinary business hours).
