Inspection and Appraisal Sample Clauses

Inspection and Appraisal. At all reasonable times while the Borrowing Base Requirement is in effect, upon the reasonable request of the Administrative Agent and subject to Section 10.11, the Borrower shall, and shall cause each other Loan Party to, upon reasonable notice, allow Administrative Agent and Lenders and their authorized agents to inspect any of their properties, to review and make excerpts of reports, files, and other records maintained in the ordinary course of business, and to discuss the affairs, finances and accounts of the Loan Parties with their respective officers from time to time, during reasonable business hours. Without limiting the foregoing, the Borrower shall permit the Administrative Agent and the Lenders and their authorized agents to enter upon the Inventory during normal working hours and as often as they desire, for the purpose of inspecting or appraising the Loan Inventory or the construction of the Dwelling Units. Notwithstanding anything to the contrary in Section 10.6 below, (i) as long as no Default exists, the Borrower shall not be required to reimburse the Administrative Agent for the expenses of any such inspections and appraisal and (ii) the Borrower shall not be required to reimburse any Lender that is not the Administrative Agent for the expenses of any such inspections or appraisals.
AutoNDA by SimpleDocs
Inspection and Appraisal. The Borrower shall permit the Administrative Agent and the Banks and their authorized agents to enter upon the Inventory during normal working hours and as often as they desire, for the purpose of inspecting or appraising the Loan Inventory or the construction of the Dwellings.
Inspection and Appraisal. The Bank and its agents and representatives (including without limitation appraisers, engineers, and other professionals) shall, upon reasonable advance notice, have access to the Borrower's premises for the purpose of inspecting and appraising the Collateral and/or performing environmental site assessments. AU fees and expenses incurred by the Bank in connection with such inspections, appraisals and site assessments shall be payable by the Borrower to the Bank upon demand, and until paid in full, shall be secured by the Bank's security interests.
Inspection and Appraisal. Upon the reasonable request of Administrative Agent and subject to Section 10.12, Borrower shall, and shall cause each of its Restricted Subsidiaries to, upon reasonable notice, allow Administrative Agent and Lenders and their authorized agents to inspect any of their properties, to review reports, files, and other records maintained in the ordinary course of business, from time to time, during reasonable business hours; provided that unless an Event of Default has 50 occurred and is continuing, (a) there shall not be more than four (4) such inspections in any calendar year, (b) each such inspection shall not exceed two (2) Business Days in length, and (c) such inspections shall be at each Lender’s sole cost and expense. Without limiting the foregoing, Borrower shall permit Administrative Agent and Lenders and their authorized agents to enter upon the Inventory during normal working hours and as often as they desire, for the purpose of inspecting or appraising the Loan Inventory or the construction of the Dwellings.
Inspection and Appraisal. Upon the reasonable request of Administrative Agent and subject to Section 10.12, Borrower shall, and shall cause each of its Restricted Subsidiaries to, upon reasonable notice, allow Administrative Agent and Lenders and their authorized agents to inspect any of their properties, to review reports, files, and other records maintained in the ordinary course of business, from time to time, during reasonable business hours; provided that unless an Event of Default has occurred and is continuing, (a) there shall not be more than four (4) such inspections in any calendar year, Amended and Restated Revolving Credit Agreement
Inspection and Appraisal. (i) Borrower will grant Lender access to all of its books and records, and allow inspection and copying of same by Lender or its designated representatives at any time during normal business hours or such other time as Lender may reasonably request, and (ii) at Lender’s request, Borrower will furnish to Lender an appraisal or updated appraisal of all or a portion of the collateral as specified by Lender, prepared by an appraiser acceptable to Lender, in each case at Borrower’s expense.
Inspection and Appraisal. The Bank and its agents and representatives (including without limitation appraisers, engineers, and other professionals) shall, upon reasonable advance notice, have access to the Borrower’s premises for the purpose of inspecting and appraising the Collateral and/or performing environmental site assessments. If an event of default has occurred and is continuing, all fees and expenses incurred by the Bank in connection with such inspections, appraisals and site assessments shall be payable by the Borrower to the Bank upon demand, and until paid in full, shall be secured by the Bank’s security interests.
AutoNDA by SimpleDocs
Inspection and Appraisal. Borrowers shall permit Bank and its authorized agents to enter upon the Property during normal working hours and as often as it desires, for the purpose of inspecting or appraising the Improvements.
Inspection and Appraisal. Borrower shall, at least one time per year (and at any reasonable time if an Event of Default has occurred and is continuing) permit Lender or any representative of Lender to examine and make copies of and abstracts from the records and books of account of, and visit and inspect the properties and assets of, Borrower, and to discuss the affairs, finances, and accounts of Borrower with any of Borrower's executive officers and with Borrower's independent accountants. At any time, if an Event of Default has occurred and is continuing, Lender may have an appraisal of all assets of Borrower done at Borrower's expense.
Inspection and Appraisal. Lender or its agent may make reasonable entries upon and inspections of the Property and the Borrower shall pay all reasonable costs and charges related thereto. Lender shall give Borrower no- xxxx at the time of or prior to an inspection specifying reasonable cause for the inspection. Lender may from time to time require of the Borrower an ap- praisal from an appraiser designated by the Lender and the Borrower shall bear the cost of any such appraisal and shall pay therefore at the time of the appraisal.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!