Common use of Field Exams Clause in Contracts

Field Exams. At any time an Applicable Agent requests, the Borrowers will provide such Agent, at the sole expense of the Borrowers, reports of a collateral field examiner approved by the requesting Agent (which may be the Administrative Agent or an affiliate thereof) with respect to all of the components of the Canadian Borrowing Base, the UK Borrowing Base, the UAE Borrowing Base, the Singapore Borrowing Base and the US Borrowing Base and such other matters regarding the Loan Parties or the Collateral as such Agent shall reasonably require. Without limiting the foregoing right of the Applicable Agents to require a field examination/borrowing base audit at any time, as of the date of this Agreement it is anticipated that two field examination/borrowing base audit per fiscal year will be conducted with respect to each Borrower and its Eligible Subsidiary. The Borrowers shall pay all costs for each examination required pursuant to this Section 5.11 (including, without limitation, all reasonable travel and out of pocket costs) in accordance with the Applicable Agent’s, such Affiliates’ or any such third party’s fee schedule in effect from time to time.