Common use of Audits; Books and Records Clause in Contracts

Audits; Books and Records. To maintain adequate books and records and to allow Lender and its agents to inspect Borrower’s properties and examine, audit and make copies of books and records at any reasonable time with at least 24 hours advance notice. If any of Borrower’s properties, books or records are in the possession of a third party, Borrower hereby authorizes that third party to permit Lender or its agents to have access to perform inspections or audits and to respond to Lender’s requests for information concerning such properties, books and records. Lender has no duty to inspect Borrower’s properties or to examine, audit, or copy books and records and Lender shall not incur any obligation or liability by reason of not making any such inspection or inquiry. In the event that Lender inspects Borrower’s properties or examines, audits, or copies books and records, Lender will be acting solely for the purposes of protecting Lender’s security and preserving Lender’s rights under this Agreement. Neither Borrower nor any other party is entitled to rely on any inspection or other inquiry by Lender. Lender owes no duty of care to protect Borrower or any other party against, or to inform Borrower or any other party of, any adverse condition that may be observed as affecting Borrower’s properties or premises, or Borrower’s business. Lender may in its discretion disclose to Borrower or any other party any findings made as a result of, or in connection with, any inspection of Borrower’s properties.

Audits; Books and Records. To Borrower and Guarantor shall maintain adequate books and records and to allow Lender and its agents to inspect Borrower’s 's and/or Guarantor's properties and examine, audit and make copies of books and records at any reasonable time with at least 24 hours advance noticetime. If any of Borrower’s 's and/or Guarantor's properties, books or records are in the possession of a third party, Borrower hereby authorizes that third party to permit Lender or its agents to have access to perform inspections or audits and to respond to Lender’s 's requests for information concerning such properties, books and records. Lender has no duty to inspect Borrower’s 's and/or Guarantor's properties or to examine, audit, or copy books and records and Lender shall not incur any obligation or liability by reason of not making any such inspection or inquiry. In the event that Lender inspects Borrower’s 's and/or Guarantor's properties or examines, audits, or copies books and records, Lender will be acting solely for the purposes of protecting Lender’s 's security and preserving Lender’s 's rights under this Agreement. Neither Borrower nor any other party is entitled to rely on any inspection or other inquiry by Lender. Lender owes no duty of care to protect Borrower or any other party against, or to inform Borrower or any other party of, any adverse condition that may be observed as affecting Borrower’s 's properties or premises, or Borrower’s 's business. Lender may in its discretion disclose to Borrower or any other party any findings made as a result of, or in connection with, any inspection of Borrower’s 's and/or Guarantor's properties.

Audits; Books and Records. To maintain adequate books and records and to allow Lender and its agents to inspect Borrower’s 's properties and examine, audit and make copies of books and records at any reasonable time with at least 24 hours advance noticetime. If any of Borrower’s 's properties, books or records are is in the possession of a third party, Borrower hereby authorizes that third party to permit Lender or its agents to have access to perform inspections or audits and to respond to Lender’s 's requests for information concerning such properties, books and records. Lender has no duty to inspect Borrower’s 's properties or to examine, audit, or copy books and records and Lender shall not incur any obligation or liability by reason of not making any such inspection or inquiry. In the event that Lender inspects Borrower’s 's properties or examines, audits, or copies books and records, Lender will be acting solely for the purposes of protecting Lender’s 's security and preserving Lender’s 's rights under this Loan Agreement. Neither Borrower nor any other party is entitled to rely on any inspection or other inquiry by Lender. Lender owes no duty of care to protect Borrower or any other party against, or to inform Borrower or any other party of, any adverse condition that may be observed as affecting Borrower’s 's properties or premises, or Borrower’s 's business. Lender may in its discretion disclose to Borrower or any other party any findings made as a result of, or in connection with, any inspection of Borrower’s 's properties.