Common use of Audits of Inventory and Accounts Receivable Clause in Contracts

Audits of Inventory and Accounts Receivable. Borrower shall, and shall cause each of its Subsidiaries to, permit any authorized representatives designated by Administrative Agent to conduct one audit of all Inventory and accounts receivable of Loan Parties during each twelve-month period after the Closing Date, all upon reasonable notice and at such reasonable times during normal business hours as may reasonably be requested; PROVIDED that upon the occurrence and during the continuation of an Event of Default or a Potential Event of Default, authorized representatives designated by Administrative Agent shall be permitted to conduct additional audits of all such Inventory and accounts receivable.

Audits of Inventory and Accounts Receivable. Borrower shall, and shall cause each of its Subsidiaries to, permit any authorized representatives designated by Administrative Agent to conduct one audit up to two audits of all Inventory and accounts receivable of Loan Parties during each twelve-month period after the Closing Date, all upon reasonable notice and at such reasonable times during normal business hours as may reasonably be requested; PROVIDED provided that upon the occurrence and during the continuation of an Event of Default or a Potential Event of Default, authorized representatives designated by Administrative Agent shall be permitted to conduct additional audits of all such Inventory and accounts receivable.

Audits of Inventory and Accounts Receivable. Borrower shall, and shall cause each of its Subsidiaries to, permit any authorized representatives designated by Administrative Agent to conduct one audit of all Inventory and accounts receivable of Loan Parties during each twelve-month period after the Closing Effective Date, all upon reasonable notice and at such reasonable times during normal business hours as may reasonably be requested; PROVIDED provided that upon the occurrence and during the continuation of an Event of Default or a Potential Event of Default, authorized representatives designated by Administrative Agent shall be permitted to conduct additional audits of all such Inventory and accounts receivable.