Common use of Accounts and Records; Inspections Clause in Contracts

Accounts and Records; Inspections. (a) MSMI shall keep true records and books of account in which full, true and correct entries will be made of all dealings or transactions in relation to the business and affairs of MSMI and its subsidiaries in accordance with generally accepted accounting principles applied on a consistent basis. (b) MSMI shall permit each holder of any Securities or any of such holder’s officers, employees or representatives during regular business hours of MSMI, upon reasonable notice and as often as such holder may reasonably request, to visit and inspect the offices and properties of MSMI and its subsidiaries and to make extracts or copies of the books, accounts and records of MSMI or its subsidiaries at such holder’s expense. (c) Nothing contained in this Section 7.10 shall be construed to limit any rights which a holder of any Securities may otherwise have with respect to the books and records of MSMI and its subsidiaries, to inspect its properties or to discuss its affairs, finances and accounts.

Appears in 4 contracts

Samples: Guarantee Fee, Reimbursement and Indemnification Agreement, Guarantee Fee, Reimbursement and Indemnification Agreement (Vicis Capital, LLC), Guarantee Fee, Reimbursement and Indemnification Agreement (Medical Solutions Management Inc.)

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