Equipment Appraisals. (i) Borrowers shall cooperate fully with the Administrative Agent and its agents during all Equipment Appraisals, which shall be conducted at the discretion of the Administrative Agent. Costs and expenses in connection with Equipment Appraisals shall be borne by the Borrowers in accordance with Section 6.10(b).
Equipment Appraisals. Banks shall engage appraisals of all equipment of the Borrowers located in Cincinnati, Ohio, by one or more appraisers who are acceptable to the Banks. The Borrowers shall cooperate fully with such appraisers so that such appraisals can be promptly performed. If, in the reasonable judgment of the Banks, Term Loan A will not be paid in full on or before December 31, 2004, the Banks may engage appraisals of the balance of the Borrower’s equipment, wherever located, by one or more appraisers who are acceptable to the Banks. The Borrowers shall cooperate fully with such appraisers so that such appraisals can be promptly performed. All of the foregoing appraisals shall be paid for by the Borrowers.
Equipment Appraisals. The Borrower shall allow the Lender to obtain updated appraisals of Borrower's Equipment, the results of which must be satisfactory to the Lender in the Lender's Permitted Discretion. All such appraisals by the Lender shall be at Borrower's sole expense, provided, however, that so long as no Event of Default exists, the Borrower shall not be required to reimburse Lender for such appraisals more frequently than one (1) time each fiscal year.
Equipment Appraisals. Without limitation of any other rights of the Agent or any Lender under the Loan and Security Agreement to obtain or request appraisals at the expense of the Borrower, in the event that by March 31, 2004 the Loan and Security Agreement is not terminated and all Obligations are not paid in full, then the Agent may, at the expense of the Borrower, engage an appraiser to conduct and deliver to the Agent updated appraisals of all of the Equipment of the Borrower constituting Collateral which is located in Conyers, Georgia or otherwise in which the Agent has a first priority Lien, such appraisals to be in form and scope and by an appraiser satisfactory to the Agent and using a methodology requested by the Agent. The foregoing shall not be applicable to Equipment of the Borrower located in Conyers, Georgia if prior to March 31, 2004 the Agent has received the New Conyers, Georgia Equipment Appraisal (as defined in Section 2.25 above).
Equipment Appraisals. The Agent shall have received and approved appraisals of the Equipment prepared by each of the appraisers listed on Schedule 1.1(G) to the Credit Agreement.
Equipment Appraisals. The Borrower shall engage Hilco Appraisal Services, LLC or another nationally recognized appraisal company reasonably acceptable to the Administrative Agent to update or render a semi-annual Equipment Appraisal Report to take place in the months of April and October of each Fiscal Period. Based on evaluation of the Equipment Appraisal Report, the Administrative Agent shall determine whether an Equipment Appraisal Shortfall exists, and shall so notify the Borrower in writing (an "EQUIPMENT APPRAISAL SHORTFALL NOTICE").
Equipment Appraisals. Upon Lender's request, each Borrower shall, at its expense, no more than once in any twelve (12) month period, but at any time or times as Lender may request on or after an Event of Default, deliver or cause to be delivered to Lender written reports or appraisals as to the Eligible Existing Equipment or Eligible New Equipment in form, scope and methodology acceptable to Lender and by an appraiser acceptable to Lender, addressed to Lender, and upon which Lender is expressly permitted to rely.
Equipment Appraisals. Section 7.4(a) of the Loan Agreement is amended by adding the following to the end of such section: "Notwithstanding anything to the contrary contained in this Section 7.4, so long as the calculation of the Borrowing Base does not include any Equipment Availability of Borrowers and/or as no Event of Default or act, condition or event which with notice or passage of time would constitute an Event of Default shall exist or have occurred, Borrowers shall not be required at their expense to obtain an appraisal with respect to the Equipment as otherwise required under this Section 7.4(a)."
Equipment Appraisals. The Borrower shall, from time to time at the request of the Lender, deliver equipment appraisals to the Lender prepared by an appraiser acceptable to the Lender reflecting an orderly liquidation value of the Equipment in an amount acceptable to the Lender, together with such documents as may be necessary to permit the Lender to rely thereon.
Equipment Appraisals. Borrower shall permit Lender to engage an independent appraiser satisfactory to Lender in its Permitted Discretion to conduct periodic appraisals of Borrower’s Equipment. Each such appraisal shall be at Borrower’s expense. Unless a Default Period is then in effect, Lender will conduct no more than two (2) appraisals of Borrowers’ Equipment in any year of the term of this Agreement.
