Access to Records; Discussions with Officers. The Issuer shall, upon the request of the Trustee, a Noteholder, a Beneficial Owner, the Supervisory Servicer or the Rating Agency, permit the Trustee, the Noteholders, the Beneficial Owners, the Supervisory Servicer, the Rating Agency or their designees or authorized agents: (a) to inspect the books and records of the Issuer as they may relate to the Notes, the Loans and the obligations of the Issuer under the Transaction Documents; and (b) to discuss the affairs, finances and accounts of the Issuer with the General Partner. Such inspections and discussions shall be conducted during normal business hours and shall not unreasonably disrupt the business of the Issuer, PMCT or PMC. Such inspections shall be at the expense of the inspecting party, or the party requesting the Trustee to conduct such inspection, unless an Event of Default shall have occurred and then be continuing in which case, any such inspection shall be at the expense of the Issuer. The books and records of the Issuer will be maintained at the address of the Issuer designated herein for receipt of notices, unless the Issuer shall otherwise advise the Trustee and the Noteholders in writing.
Appears in 2 contracts
Samples: Trust Indenture (PMC Capital Inc), Trust Indenture (PMC Commercial Trust /Tx)
Access to Records; Discussions with Officers. The Issuer shall, upon the request of the Trustee, a any Noteholder, a Beneficial Owner, the Supervisory Servicer or the Rating Agency, permit the Trustee, the Noteholders, the Beneficial Owners, the Supervisory Servicer, the Rating Agency or their designees or authorized agents:
(a) to inspect the books and records of the Issuer as they may relate to the Notes, the Loans and the obligations of the Issuer under the Transaction Documents; and
(b) to discuss the affairs, finances and accounts of the Issuer with the General Partner. Such inspections and discussions shall be conducted during normal business hours and shall not unreasonably disrupt the business of the Issuer, PMCT or PMC. Such inspections shall be at the expense of the inspecting party, or the party requesting the Trustee to conduct such inspection, unless an Event of Default shall have occurred and then be continuing in which case, any such inspection shall be at the expense of the Issuer. The books and records of the Issuer will be maintained at the address of the Issuer designated herein for receipt of notices, unless the Issuer shall otherwise advise the Trustee and the Noteholders in writing.
Appears in 1 contract
Samples: Trust Indenture (PMC Capital Inc)
Access to Records; Discussions with Officers. The Issuer shall, upon the request of the Trustee, a Noteholder, a Beneficial Owner, the Supervisory Servicer or the Rating Agency, permit the Trustee, the Noteholders, the Beneficial Owners, the Supervisory Servicer, the Rating Agency or their designees or authorized agents:
(a) to inspect the books and records of the Issuer as they may relate to the Notes, the Loans and the obligations of the Issuer under the Transaction Documents; and
(b) to discuss the affairs, finances and accounts of the Issuer with the General Partner. Such inspections and discussions shall be conducted during normal business hours and shall not unreasonably disrupt the business of the Issuer, PMCT or PMC. Such inspections shall be at the expense of the inspecting party, or the party requesting the Trustee to conduct such inspection, unless an Event of Default shall have occurred and then be continuing in which case, any such inspection shall be at the expense of the Issuer. The books and records of the Issuer will be maintained at the address of the Issuer designated herein for receipt of notices, unless the Issuer shall otherwise advise the Trustee and the Noteholders in writing.
Appears in 1 contract
Samples: Trust Indenture (PMC Capital Inc)