Field Exam. The Borrower shall, and shall cause its Subsidiaries to, permit the Administrative Agent to, at any reasonable time and upon reasonable prior notice, and from time to time upon request by the Administrative Agent with reasonable notice, perform a field inspection of the books, records and asset value of the accounts receivable and inventory of the Borrower and its Subsidiaries, including an audit, verification and inspection of the accounts receivable and inventory of the applicable Borrower and its Subsidiaries and, in any event, conducted by the Administrative Agent or any other Person selected by the Administrative Agent; provided that, unless an Event of Default has occurred and is continuing, the Borrower shall bear the cost of only two such field exams per fiscal year.
Field Exam. Lender shall have completed a Field Exam to its satisfaction.
Field Exam. Notwithstanding anything in the Loan Agreement to the contrary, the Borrower and the Guarantor each hereby agrees that it shall cooperate with, and shall cause its respective Subsidiaries and Affiliates to cooperate with, the Lender and its retained professionals, if any, in connection with conducting a field exam of any and all Property held or owned by the Borrower and the Guarantor or in which the Borrower or Guarantor may have an interest. In addition, the Borrower and Guarantor hereby agrees that the Lender and its retained professionals, if any, may visit, inspect and audit such Property, make extracts from any books and records or discuss with Borrower's and Guarantor's officers, employees and independent accountants, the business, assets, liabilities, financial condition, business prospects and results of operations of the Borrower and Guarantor.
Field Exam. Each Borrower shall, and shall cause each of its Subsidiaries to, permit the applicable Administrative Agent to, at any reasonable time and upon reasonable prior notice, and from time to time upon request by the applicable Administrative Agent with reasonable notice, perform a field inspection of the books, records and asset value of the accounts receivable and inventory of the applicable Borrower and its Subsidiaries, including an audit, verification and inspection of the accounts receivable and inventory of the applicable Borrower and its Subsidiaries and, in any event, conducted by the applicable Administrative Agent or any other Person selected by the applicable Administrative Agent; provided that, (i) such request by the applicable Administrative Agent may be made only if an Event of Default has occurred and is continuing or the Leverage Ratio as of the end of any fiscal quarter is greater than 2.00 to 1.00, and (ii) unless a Specified Event of Default has occurred and is continuing, and subject to clause (c) below, only one such field exam may be performed per fiscal year.
Field Exam. On or before the Closing Date and on or before the yearly anniversary of the Closing Date, the results of a field audit examination (hereinafter referred to as "Audit") conducted on behalf of the Bank with respect to the Borrower's Accounts Receivable and Inventory; such examination to be conducted by an independent certified public accountant acceptable to the Bank.
Field Exam. Administrative Agent shall have completed a field exam of the Borrower’s business conducted by third parties acceptable to Administrative Agent and with results satisfactory to Administrative Agent.
Field Exam. Borrower agrees to field exam at Lender’s discretion, performed by the Lender at the Borrower’s expense. All financial reports required to be provided under this Agreement shall be prepared in accordance with GAAP, applied on a consistent basis, and certified by Borrower as being true and correct.
Field Exam. The Domestic Agent shall have received the results of a field exam conducted by Interface (at its sole expense) on the Eligible Domestic Accounts and Eligible Domestic Inventory of the Borrowers, in form and substance satisfactory to the Domestic Agent in its sole discretion.
Field Exam. Borrower shall, and shall cause each Restricted Subsidiary of Parent to, permit Administrative Agent to, at any reasonable time and upon reasonable prior notice, and from time to time upon request by Administrative Agent with reasonable notice, perform a field inspection of the books, records and asset value of the accounts receivable of Parent and its Restricted Subsidiaries, including an audit, verification and inspection of the accounts receivable of Parent and its Restricted Subsidiaries and, in any event, conducted by Administrative Agent or any other Person selected by Administrative Agent; provided that, unless an Event of Default has occurred and is continuing, Borrower shall bear the cost of only one such field exam per fiscal year (or two such field exams per fiscal year in any year in which an Increased Reporting Event occurs), excluding the initial field exam completed in connection with this Agreement.
Field Exam. The Lender shall have received the results of a field examination of Borrower’s Accounts in form, content and amount acceptable to Lender.
