Common use of Internal Audit Site Visits to Collateral Agent’s Offices Clause in Contracts

Internal Audit Site Visits to Collateral Agent’s Offices. The Borrower agrees, upon the consent of the Collateral Agent’s office housing the Pledged Collateral, to allow RUS to observe the Borrower’s internal audit site visits to the Collateral Agent’s office in order to discuss and review physical security and processes relating to Pledged Collateral handling and inventory of the Pledged Collateral.

Appears in 7 contracts

Samples: Pledge Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Pledge Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Pledge Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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