Common use of Audits and Visits Clause in Contracts

Audits and Visits. Each of Seller and Servicer will, at any time and from time to time during regular business hours as requested by any Purchaser, permit each Purchaser, or its agents or representatives, upon reasonable notice, (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 Purchased Receivables owed by Account Debtor 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 Purchased Receivables owed by Account Debtor or Seller’s performance hereunder or under the related Contracts with any of its officers or employees having knowledge of such matters (hereinafter, an “Audit”), provided that, unless a breach or default of Seller’s or Servicer’s obligations hereunder occurs and is continuing, only two such Audits by each Purchaser (but, collectively, not more than three such Audits; provided that the Purchasers shall use commercially reasonable efforts to coordinate in an effort to, if reasonably practical for each such Purchaser, conduct their audits on the same date) in any calendar year shall be at Seller’s expense. Subject to Section 15(d) and Section 15(e), upon reasonable notice, the Seller will provide any Purchaser with any invoice requested with respect to one or more Purchased Receivables.

Audits and Visits. Each of Seller and Servicer will, at any time and from time to time during regular business hours as requested by any Purchaser, permit each Purchaser, or its agents or representatives, upon reasonable notice, (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 Purchased Receivables owed by Account Debtor 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 Purchased Receivables owed by Account Debtor or Seller’s performance hereunder or under the related Contracts with any of its officers or employees having knowledge of such matters (hereinafter, an “Audit”), provided that, unless a breach or default of Seller’s or Servicer’s obligations hereunder occurs and is continuing, only two such Audits by each Purchaser (but, collectively, not more than three such Audits; provided that the Purchasers shall use commercially reasonable efforts to coordinate in an effort to, if reasonably practical for each such Purchaser, conduct their audits on the same date) in any calendar year shall be at Seller’s expense. Subject to Section 15(d) and Section 15(e), upon reasonable notice, the Seller will provide any the Purchaser with any invoice requested with respect to one or more Purchased Receivables.