Field Audits. Lender may conduct annual field audits of Borrower’s businesses. If an Event of Default exists, field audits shall be at Lender’s discretion and Borrower shall be responsible for payment of the costs to Lender of the first such audit and each annual audit as long as the Event of Default exists.
Appears in 4 contracts
Samples: Loan and Security Agreement (Mammoth Energy Partners LP), Loan and Security Agreement (Mammoth Energy Partners LP), Loan and Security Agreement (Mammoth Energy Partners LP)
Field Audits. Lender may conduct annual field audits of Borrower’s Borrowers’ businesses. If an Event of Default exists, field audits shall be at Lender’s discretion and Borrower Borrowers shall be responsible for payment of the costs to Lender of the first such audit and each annual audit as long as the no Event of Default exists.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (New Source Energy Partners L.P.)