Common use of Collateral Audits Clause in Contracts

Collateral Audits. Permit Bank to audit all Borrower’s collateral required hereunder, with such audits to be performed from time to time at Bank’s option by collateral examiners acceptable to Bank and in scope and content satisfactory to Bank, and with all Bank’s costs and expenses of each audit to be reimbursed in full by Borrower. Bank shall not be required to share the results of the audit(s) with Borrower or any third party.

Appears in 4 contracts

Sources: Credit Agreement (Barrett Business Services Inc), Credit Agreement (Barrett Business Services Inc), Credit Agreement (Sigmatron International Inc)

Collateral Audits. Permit Bank to audit all Borrower’s 's collateral required hereunder, with such audits to be performed from time to time at Bank’s option by collateral examiners acceptable to Bank and in scope and content satisfactory to Bank, and with all Bank’s 's costs and expenses of each audit to be reimbursed in full by Borrower. Bank shall not be required to share the results of the audit(s) with Borrower or any third party.

Appears in 1 contract

Sources: Credit Agreement (Barrett Business Services Inc)

Collateral Audits. Permit Bank to audit all Borrower’s 's collateral required hereunder, with such audits to be performed from time to time at Bank’s option by collateral examiners acceptable to Bank and in scope and content satisfactory to Bank, and with all Bank’s 's costs and expenses of each audit to be reimbursed in full by Borrower. Bank shall not be required to share the results of the audit(s) with Borrower Borrower, any Guarantor or any other third party.

Appears in 1 contract

Sources: Credit Agreement (Englobal Corp)

Collateral Audits. Permit Bank to audit all Borrower’s collateral required hereunder, with such audits to be performed from time to time at Bank’s option by collateral examiners acceptable to Bank and in scope and content satisfactory to Bank, and with all Bank’s costs and expenses of each audit to be reimbursed in full by Borrower. Bank shall not be required to share the results of the audit(s) with Borrower or any third party.” 8. Section 5.3 of the Credit Agreement is hereby deleted in its entirety, and the following substituted therefor:

Appears in 1 contract

Sources: Credit Agreement (Barrett Business Services Inc)

Collateral Audits. Permit Bank to audit all Borrower’s 's collateral required hereunder, with such audits to be performed from time to time at Bank’s 's option by collateral examiners acceptable to Bank and in scope and content satisfactory to Bank, . and with all Bank’s 's costs and expenses of each audit to be reimbursed in full by Borrower. Bank shall not be required to share the results of the audit(s) with Borrower or any third party.

Appears in 1 contract

Sources: Credit Agreement (Advanced Energy Industries Inc)

Collateral Audits. Permit Bank to audit all Borrower’s 's collateral required hereunder, with such audits to be performed from time to time at Bank’s 's option by collateral examiners acceptable to Bank and in scope and content satisfactory to Bank, and with all Bank’s 's costs and expenses of each audit to be reimbursed in full by Borrower. Bank shall not be required to share the results of the audit(s) with Borrower or any third party.

Appears in 1 contract

Sources: Credit Agreement (Sigmatron International Inc)

Collateral Audits. Permit Bank to audit all Borrower’s 's collateral required hereunder, with such audits to be performed from time to time at Bank’s option on semi-annual basis by collateral examiners acceptable to Bank and in scope and content satisfactory to Bank, and with all Bank’s 's costs and expenses of each audit to be reimbursed in full by Borrower▇▇▇▇▇▇▇▇. Bank shall not be required to share the results of the audit(s) with Borrower or any third party.

Appears in 1 contract

Sources: Credit Agreement (Natural Alternatives International Inc)