Common use of Field Audits Clause in Contracts

Field Audits. The Borrower shall permit the Bank to inspect the Inventory, other tangible assets and/or other business operations of the Borrower, to perform appraisals of the Equipment of the Borrower, and to inspect, audit, check and make copies of, and extracts from, the books, records. computer data, computer programs, journals, orders, receipts, correspondence and other data relating to Inventory, Accounts and any other Collateral, the results of which must be satisfactory to the Bank in the Bank’s sole and absolute discretion. All such inspections or audits by the Bank shall be at the Borrower’s sole expense.

Field Audits. The Each Borrower shall permit the Bank Lender to inspect the Inventory, other tangible assets and/or other business operations of the such Borrower, to perform appraisals of the Equipment of the such Borrower, and to inspect, audit, check and make copies of, and extracts from, the books, records. , computer data, computer programs, journals, orders, receipts, correspondence and other data relating to Inventory, Accounts and any other Collateral, the results of which must be satisfactory to the Bank Lender in the BankLender’s sole and absolute discretion. All such inspections or audits by the Bank Lender shall be conducted at the such Borrower’s sole expense.

Field Audits. The Borrower shall permit the Bank to inspect the Inventory, other tangible assets and/or other business operations of the Borrower, to perform appraisals of the Equipment of the Borrower, and to inspect, audit, check and make copies of, and extracts from, the books, records. , computer data, computer programs, journals, orders, receipts, correspondence and other data relating to Inventory, Accounts and any other Collateral, the results of which must be satisfactory to the Bank in the Bank’s sole and absolute discretion. All such inspections or audits by the Bank shall be at the Borrower’s sole expense. Unless an Event of Default has occurred or unless required by banking regulations, Borrower shall not be required to reimburse Bank for more than one inspection per annum in connection with such inspection.