Common use of Audits and Visits Clause in Contracts

Audits and Visits. It will, at any time and from time to time during regular business hours as requested by the Lender, permit the Lender, or its agents or representatives (including the Program Manager), upon reasonable notice and without interfering with the Borrowers’ businesses or operations and subject to compliance with applicable law in the case of review of plan participant/patient/customer information, or its agents or representatives (including the Master Sevicer), (i) on a confidential basis, to examine and make copies of and abstracts from all books, records and documents (including, without limitation, computer tapes and disks) in its possession or under its control relating to Receivables including, without limitation, the related contracts, and (ii) to visit its offices and properties for the purpose of examining and auditing such materials described in clause (i) above, and to discuss matters relating to Receivables or its performance hereunder or under the contracts with any of its officers or employees having knowledge of such matters. It shall permit the Program Manager to have at least one agent or representative physically present in its administrative office during normal business hours to assist it in performing its obligations under the Agreement, including its obligations with respect to the collection of Receivables pursuant to Article I of the Agreement. Notwithstanding the foregoing, and provided that no Event of Default or event which, with the giving of notice or lapse of time, or both, would constitute an Event of Default shall have occurred and be continuing, all visits and examinations shall be scheduled at mutually convenient times.

Appears in 2 contracts

Samples: Loan and Security Agreement (BioScrip, Inc.), Loan and Security Agreement (BioScrip, Inc.)

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Audits and Visits. It will, at any time and from time to time during regular business hours as requested by the LenderProgram Manager and upon reasonable advance notice (unless an Event of Termination has occurred and is continuing, in which case no notice is required), permit the Lender, or its agents or representatives (including the Program Manager), upon reasonable notice and without interfering with the Borrowers’ businesses or operations and subject to compliance with applicable law in the case of review of plan participant/patient/customer informationPurchaser, or its agents or representatives (including the Master SevicerServicer), (i) on a confidential basis, to examine examine, audit and make copies of and abstracts from all books, records and documents (including, without limitation, computer tapes and disks) in its possession or under its control relating to Batch Receivables including, without limitation, the related contracts, and ; (ii) to visit its offices and properties for the purpose of examining and auditing such materials described in clause (i) above, provided that, absent the occurrence of an Event of Termination, the examination and audit in clauses (i) and (ii) above shall not occur more frequently than once every twelve months; and (iii) to discuss matters relating to Batch Receivables or its performance hereunder or under the contracts with any of its officers or employees having knowledge of such matters. It shall permit the Program Manager Master Servicer to have at least one agent or representative physically present in its administrative office during normal business hours to assist it in performing its obligations under the Agreement, including its obligations with respect to the collection of Batch Receivables pursuant to Article I of the Agreement. Notwithstanding the foregoing, and provided that no Event of Default or event which, with the giving of notice or lapse of time, or both, would constitute an Event of Default shall have occurred and be continuing, all visits and examinations shall be scheduled at mutually convenient times.

Appears in 2 contracts

Samples: Healthcare Receivables Purchase and Transfer Agreement (Physicians Clinical Laboratory Inc), Healthcare Receivables Purchase and Transfer Agreement (Nu Tech Bio Med Inc)

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Audits and Visits. It The Borrower will, at any time and from time to time during regular business hours as requested by the Lender, permit the Lender, or its agents or representatives (including the Program Manager), Lender upon reasonable notice and notice, without interfering with the Borrowers’ Borrower's or the Providers' businesses or operations and subject to compliance with applicable law in the case of review of plan participant/patient/customer information, or its agents or representatives (including the Master SevicerServicer), (i) on a confidential basis, to examine and make copies of and abstracts from all books, records and documents (including, without limitation, computer tapes and disks) in its the possession or under its the control of the Borrower relating to Receivables including, without limitation, the related contracts, and (ii) to visit its the offices and properties of the Borrower for the purpose of examining and auditing such materials described in clause (i) above, and to discuss matters relating to Receivables or its the Borrower's performance hereunder or under the contracts with any of its the officers or employees of the Borrower having knowledge of such matters. It The Borrower shall permit the Program Manager Master Servicer to have at least one agent of its agents or representative representatives physically present in its the Borrower's administrative office during normal business hours to assist it the Borrower in performing its obligations under the Agreement, including its obligations with respect to the collection of Receivables pursuant to Article I of the Agreement. Notwithstanding the foregoing, and provided that no Event of Default or event which, with the giving of notice or lapse of time, or both, would constitute an Event of Default shall have occurred and be continuing, all visits and examinations shall be scheduled at mutually convenient timesReceivables.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mim Corp), Loan and Security Agreement (National Medical Health Card Systems Inc)

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