Field Survey and Audit definition

Field Survey and Audit means a field survey and audit of the Loan Parties and an appraisal of the Collateral performed by auditors, examiners and/or appraisers selected by the Collateral Agent, at the sole cost and expense of the Borrowers.
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Field Survey and Audit means a field survey and audit of the Loan Parties and an appraisal of the Collateral performed by auditors, examiners and/or appraisers selected by the Agents.
Sample 1Sample 2Sample 3
Field Survey and Audit means a field survey and audit of the Loan Parties and an appraisal of the Collateral performed by auditors, examiners, or appraisers selected by the Administrative Agent, at the sole cost and expense of the Borrower.
Sample 1Sample 2

Examples of Field Survey and Audit in a sentence

  • Without limiting the foregoing, the Agent shall have received a Field Survey and Audit, dated not earlier than 30 days prior to the Effective Date, and such Field Survey and Audit and the results thereof shall be acceptable to the Agent, in its sole and absolute discretion.

  • The Borrowers agree to pay (i) $1,300 per day per examiner plus the examiner's reasonable and documented out-of-pocket costs and reasonable expenses incurred in connection with all such visits, inspections, audits, valuations, appraisals and/or examinations and (ii) the reasonable cost of any Field Survey and Audit and any other visits, inspections, audits, valuations, appraisals and/or examinations conducted by a third party on behalf of the Agents.

  • Notwithstanding anything to the contrary contained in the Financing Agreement, Accounts Receivable acquired by Borrowers in connection with the Vertex Acquisition may, to the extent such Accounts Receivable otherwise meet all of the eligibility criteria set forth in the definition of Eligible Accounts Receivable, constitute Eligible Accounts Receivable prior to the Administrative Agent completing a Field Survey and Audit with respect to such assets.

  • In the event that a new Loan Party is added as a party to this Agreement under any circumstance, no such Inventory belonging to such new Loan Party shall, unless otherwise approved by the Administrative Agent, be deemed Eligible Inventory until the Administrative Agent shall have completed a Field Survey and Audit with respect to such assets/new Loan Party, such Field Survey and Audit to be completed as promptly as is commercially reasonable.

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  • Without limiting the foregoing, the Collateral Agent shall have received a Field Survey and Audit, dated not earlier than 30 days prior to the Effective Date, and such Field Survey and Audit and the results thereof shall be acceptable to the Collateral Agent, in its sole and absolute discretion.

  • The Agent shall have received the results of ------------------ a field survey, audit and appraisal by auditors, examiners and/or appraisers selected by the Agent (the "Field Survey and Audit"), the results of which shall ---------------------- be acceptable to the Agent, in its reasonable -41- business judgment based upon the lending practices of the Agent, consistent with criteria customary in the commercial finance industry generally.

  • The Administrative Agent shall have received a Field Survey and Audit, dated not earlier than 30 days prior to the Effective Date, and such Field Survey and Audit and the results thereof shall be acceptable to the Administrative Agent, in its sole and absolute discretion.

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More Definitions of Field Survey and Audit

Field Survey and Audit means a field survey and audit of the Loan Parties and an appraisal of the Collateral performed by auditors, examiners and/or appraisers selected by the Administrative Agent in consultation with the Administrative Borrower, at the sole cost and expense of the Borrowers (provided that so long as no Event of Default shall have occurred and be continuing, such costs and expenses payable by the Borrowers shall not exceed
Sample 1
Field Survey and Audit has the meaning specified therefor in Section ---------------------- 5.02(e).
Sample 1

Related to Field Survey and Audit

  • Engineer’s Representative means the official in the civil/ electrical engineering department who is authorized to be in-charge of the work to which these presents relate. It shall include any other official nominated to attend to the supervision of day to day execution of the work to which this CONTRACT relates.

  • Title Review Period shall have the meaning set forth in Section 4.3.

  • Flood Boundary and Floodway Map (FBFM means an official map of a community, issued by the FEMA, on which the Special Flood Hazard Areas and the floodways are delineated. This official map is a supplement to and shall be used in conjunction with the Flood Insurance Rate Map (FIRM).

  • Inspection Period means the period beginning on the Effective Date and expiring at 5:00 p.m. eastern time on the forty-fifth day after the Effective Date.

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • Sellers’ Representative has the meaning set forth in the Preamble.

  • Objections Statement has the meaning set forth in Section 1.02(d).

  • Survey Report means a report of the results of a Survey, containing the information set out in clause 12.4 and Schedule 6.

  • Seller's Closing Certificate means the certificate of Seller in the form of Exhibit C attached hereto.

  • Environmental Audit means, with respect to each Property, a Phase One environmental site assessment (the scope and performance of which meets or exceeds the then most current ASTM Standard Practice E1527 for Environmental Site Assessments: Phase One Environmental Site Assessment Process) of such Property.

  • Professional land surveyor means a professional land surveyor licensed under ch. 443.

  • Seller’s Representatives means Seller’s accountants, employees, counsel, environmental consultants, financial advisors, and other representatives.

  • Approved Auditor means a person who is:

  • Land surveyor means the land surveyor appointed by the Seller, to act as such from time to time in respect of the Development or a member of a firm so appointed.

  • Seller’s Counsel has the meaning set forth in Section 10.13(a).

  • Review Period has the meaning set forth in Section 2.04(c)(i).

  • Engineer-in-charge representative means any officer of the Authority nominated by the Engineer-in-charge for day to day supervision, checking, taking measurement, checking bills, ensuring quality control, inspecting works and other related works for completion of the project.

  • Survey means a survey of the Property prepared by a surveyor licensed in the State and satisfactory to Lender and the company or companies issuing the Title Insurance Policy, and containing a certification of such surveyor satisfactory to Lender.

  • Existing Survey means the existing ALTA survey of the Property.

  • Title Report has the meaning set forth in Section 5.4(b).

  • Title Objections has the meaning ascribed to such term in Section 6.2(a).

  • Survey Area means the area of land or waters the subject of a Survey, or proposed to be the subject of a Survey.

  • Statement of Objections has the meaning set forth in Section 2.04(c)(ii).

  • Initial Audit is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books, with results satisfactory to Bank in its sole and absolute discretion.

  • qualified auditor means a person who is qualified to be appointed as an auditor under section 198;

  • Independent Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.