Common use of REIMBURSEMENT COST Clause in Contracts

REIMBURSEMENT COST. (a) The Borrower agrees to immediately repay the Bank for expenses that include, but are not limited to, filing, recording and search fees, appraisal fees, title report fees. (b) The Borrower agrees to reimburse the Bank for any expenses it incurs in the preparation of this Agreement and any agreement or instrument required by this Agreement Expenses include, but are not limited to, reasonable attorneys' fees. (c) The Borrower agrees to reimburse the Bank for the cost of periodic audits and appraisals of the real or personal property collateral securing this Agreement, at such intervals as the Bank may reasonably require but not to exceed annual except if an Event of Default has occurred and is continuing. The audits and appraisals may be performed by employees of the Bank or by independent appraisers.

Appears in 1 contract

Samples: America Business Loan Agreement (Travis International Inc)

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REIMBURSEMENT COST. (a) The Borrower agrees to immediately repay the Bank for expenses that include, but are not limited to, filing, recording and search fees, appraisal fees, title report fees. (b) The Borrower agrees to reimburse the Bank for any expenses it incurs in the preparation of this Agreement and any agreement or instrument required by this Agreement Agreement. Expenses include, but are not limited to, reasonable attorneys' fees. (c) The Borrower agrees to reimburse the Bank for the cost of periodic audits and appraisals of the real or personal property collateral securing this Agreement, at such intervals as the Bank may reasonably require but not to exceed annual except if an Event of Default has occurred and is continuing. The audits and appraisals may be performed by employees of the Bank or by independent appraisers.

Appears in 1 contract

Samples: Travis International Inc

REIMBURSEMENT COST. (a) The Borrower agrees to immediately repay the Bank for expenses that include, but are not limited to, filing, recording and search fees, appraisal fees, and title report fees. (b) The Borrower agrees to reimburse the Bank for any expenses it incurs in the preparation of this Agreement and any agreement or instrument required by this Agreement Agreement. Expenses include, but are not limited to, reasonable attorneys' fees. (c) The Borrower agrees to reimburse the Bank for the cost of periodic audits and appraisals of the real or personal property collateral securing this Agreement, at such intervals as the Bank may reasonably require but not to exceed annual except if an any Event of Default has occurred and is continuing. The audits and appraisals may be performed by employees of the Bank or by independent appraisers.

Appears in 1 contract

Samples: America Business Loan Agreement (Travis International Inc)

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REIMBURSEMENT COST. (a) The Borrower agrees to immediately repay the Bank for expenses that include, but are not limited to, filing, recording and search fees, appraisal fees, and title report fees. (b) The Borrower agrees to reimburse the Bank for any expenses it incurs in the preparation of this Agreement and any agreement or instrument required by this Agreement Agreement. Expenses include, but are not limited to, reasonable attorneys' fees. (c) The Borrower agrees to reimburse the Bank for the cost of periodic audits and appraisals of the real or personal property collateral securing this Agreement, at such intervals as the Bank may reasonably require but not to exceed annual except if an Event of Default has occurred and is continuingcontinuing although Bank may require semi-annual audits at Bank's cost without event of default. The audits and appraisals may be performed by employees of the Bank or by independent appraisers.

Appears in 1 contract

Samples: Business Loan Agreement (Travis International Inc)

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