Field Exams definition
Field Exams has the meaning set forth in Section 5.09(b).
Field Exams. The Bank shall be permitted to perform field examinations of the Borrower, at the Borrower’s sole cost and expense, but no more than one time during each year in the absence of default.
Field Exams as defined in Section 10.1.1(b). Financial Support Direction: a financial support direction issued by the Pensions Regulator under Section 43 of the Pensions ▇▇▇ ▇▇▇▇ (UK).
Examples of Field Exams in a sentence
The Loan Parties acknowledge that all Field Exams, appraisals and reports are prepared by or for the Administrative Agent and Lenders for their purposes, and Loan Parties shall not be entitled to rely upon them.
For the avoidance of doubt, the reimbursement limitations set forth in this clause (b)(ii) shall not apply to Field Exams conducted in connection with a Permitted Acquisition (provided, that unless agreed otherwise with the Borrower, there shall not be more than one such exam per Permitted Acquisition).
More Definitions of Field Exams
Field Exams is defined in Section 1.6(c).
Field Exams as defined in Section 10.1.1(b). Financial Support Direction: a financial support direction issued by the Pensions Regulator under Section 43 of the Pensions ▇▇▇ ▇▇▇▇ (UK). Fiscal Quarter: each period of three months, commencing on the first day of a Fiscal Year. Fiscal Year: the fiscal year of Borrowers and Subsidiaries for accounting and tax purposes, ending on December 31 of each year.