Common use of Loan Monitoring Clause in Contracts

Loan Monitoring. At reasonable times and upon reasonable advance notice to Borrower, PFG shall have the right to visit personally with Borrower up to four times per calendar year at its principal place of business or such other location as the parties may mutually agree, for the purpose of meeting with Borrower’s management in order to remain as up-to-date with Borrower’s business as is practicable and to maintain best practices in terms of lender loan monitoring and diligence. Reasonable out-of-pocket costs, including travel and lodging for up to two PFG staff for two of the four visits shall be at Borrower’s expense and reimbursed in the same manner as other PFG expenses under this Agreement.

Loan Monitoring. At reasonable times and upon reasonable advance notice to Borrower, PFG shall have the right to visit personally with Borrower up to four two times per calendar year at its principal place of business or such other location as the parties may mutually agree, for the purpose of meeting with Borrower’s management in order to remain as up-to-date with Borrower’s business as is practicable and to maintain best practices in terms of lender loan monitoring and diligence. Reasonable out-of-pocket costsLender Expenses incurred for travel, including travel lodging and lodging similar expenses for up to two three PFG staff for two of the four such visits shall be at Borrower’s expense and reimbursed in the same manner as other PFG expenses under this Agreement.

Loan Monitoring. At reasonable times and upon reasonable advance notice to Borrower, PFG shall have the right to visit personally with Borrower up to four two times per calendar year at its principal place of business or such other location as the parties may mutually agree, for the purpose of meeting with Borrower’s management in order to remain as up-to-date with Borrower’s business as is practicable and to maintain best practices in terms of lender loan monitoring and diligence. Reasonable out-of-pocket costsLender Expenses incurred for reasonable travel, including travel lodging and lodging similar expenses for up to two three PFG staff for two of the four such visits shall be at Borrower’s expense and reimbursed in the same manner as other PFG expenses under this Agreement.

Loan Monitoring. At reasonable rea­sonable times and upon reasonable advance notice to Borrower, PFG shall have the right to visit personally with Borrower up to four two times per calendar year at its principal place of business or such other location as the parties may mutually agree, for the purpose of meeting with Borrower’s management in order to remain as up-to-date with Borrower’s business as is practicable and to maintain best practices in terms of lender loan monitoring and diligence. Reasonable out-of-pocket costs, including travel and lodging for up to two PFG staff for two one of the four two visits shall be at Borrower’s expense and reimbursed in the same manner as other PFG expenses under this Agreement.

Loan Monitoring. At reasonable times and upon reasonable advance notice to Borrower, PFG shall have the right to Partners for Growth Loan and Security Agreement visit personally with Borrower up to four two times per calendar year at its principal place of business or such other location as the parties may mutually agree, for the purpose of meeting with Borrower’s management in order to remain as up-to-date with Borrower’s business as is practicable and to maintain best practices in terms of lender loan monitoring and diligence. Reasonable out-of-pocket costsLender Expenses incurred for reasonable travel, including travel lodging and lodging similar expenses for up to two three PFG staff for two of the four such visits shall be at Borrower’s expense and reimbursed in the same manner as other PFG expenses under this Agreement.

Loan Monitoring. At reasonable times and upon reasonable advance notice to Borrower, PFG shall have the right to visit personally with Borrower up to four two times per calendar year at its principal place of business or such other location as the parties may mutually agree, for the purpose of meeting with Borrower’s management in order to remain as up-to-date with Borrower’s business as is practicable and to maintain best practices in terms of lender loan monitoring and diligence. Reasonable out-of-pocket costsLender Expenses incurred for reasonable travel, including travel lodging and lodging similar expenses for up to two PFG staff for two of the four such visits shall be at Borrower’s expense and reimbursed in the same manner as other PFG expenses under this Agreement.

Loan Monitoring. At reasonable rea-sonable times and upon reasonable advance notice to Borrower, PFG shall have the right to visit personally with Borrower up to four two times per calendar year at its principal place of business or such other location as the parties may mutually agree, for the purpose of meeting with Borrower’s 's management in order to remain as up-to-date with Borrower’s 's business as is practicable and to maintain best practices in terms of lender loan monitoring and diligence. Reasonable out-of-pocket costsLender Expenses incurred for travel, including travel lodging and lodging similar expenses for up to two three PFG staff for two of the four such visits shall be at Borrower’s 's expense and reimbursed in the same manner as other PFG expenses under this Agreement.