Common use of Field Examination Fees Clause in Contracts

Field Examination Fees. The Borrower shall pay to the Agent a field examination fee (collectively, the "Field Examination Fees" and individually a "Field Examination Fee"), which Field Examination Fees shall be payable at the time of each field examination of each Borrowers' books and records in an amount prior to an Event of Default, not to exceed the Agent's actual costs of obtaining such field examination.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vse Corp)

AutoNDA by SimpleDocs

Field Examination Fees. The Borrower shall pay to the Agent a field examination fee (collectively, the "Field Examination Fees" and individually a "Field Examination Fee"), which Field Examination Fees shall be payable at the time of each field examination of each Borrowers' books and records in an amount prior to an Event of Default, not to exceed the Agent's ’s actual costs of obtaining such field examination.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vse Corp)

Field Examination Fees. The Borrower Borrowers jointly and severally shall pay to the Agent Lender a field examination fee (collectively, the "Field Examination Fees" and individually a "Field Examination Fee"), which Field Examination Fees shall be payable ) at the time of each field examination or audit of each any of the Borrowers' books and records . Each Field Examination Fee shall be in an amount prior equal to an Event the sum of Default, not to exceed the Agent's actual costs of obtaining Six Hundred Dollars ($600) per day per person conducting such field examination.

Appears in 1 contract

Samples: Financing and Security Agreement (Flanders Corp)

Field Examination Fees. The Borrower Borrowers shall pay to the Agent Lender a field examination fee (collectively, the "Field Examination Fees" and individually a "Field Examination Fee"), which Field Examination Fees shall be payable at the time of each field examination of each Borrowers' books and records in an amount prior equal to an Event the sum of Default, not to exceed a $300 administrative fee plus $850 per field examiner per day plus reimbursement of all out-of-pocket expenses and costs or in such other amounts as customarily charged by the Agent's actual costs Lender for the type of obtaining such field examinationexamination conducted.

Appears in 1 contract

Samples: Financing and Security Agreement (Rand Worldwide Inc)

AutoNDA by SimpleDocs

Field Examination Fees. The Borrower Borrowers shall pay to the Agent Lender a field examination fee (collectively, the "Field Examination Fees" and individually a "Field Examination Fee"), which Field Examination Fees shall be payable at ) in the time amount of $5,000 for each field examination of each Borrowers' books and records in an amount the Lender provided that, prior to an Event of Default, Default the Field Examination Fees (a) shall not exceed $15,000 in any fiscal year and (b) shall be used by the Lender to exceed the Agent's actual costs of obtaining such cover its expenses with respect to field examinationexaminations except as expressly permitted by Section 6.1.3(c).

Appears in 1 contract

Samples: Financing and Security Agreement (Kimberton Enterprises Inc)

Field Examination Fees. The Borrower shall pay to the Agent Lender a field examination fee (collectively, the "Field Examination Fees" and individually a "Field Examination Fee"), which Field Examination Fees shall be payable at the time of each field examination of each the Borrowers' books and records in an amount prior to an Event of Default, not to exceed the AgentLender's actual costs of obtaining such field examinationaudit.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vse Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!