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

Audits of Inventory and Accounts Receivable. Holdings 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, each such audit to be in scope and substance reasonably satisfactory to Syndication Agent and Administrative Agent, all upon reasonable notice and at such reasonable times during normal business hours as may reasonably be requested.

Appears in 2 contracts

Samples: Credit Agreement (Sealy Corp), Credit Agreement (Sealy Corp)

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Audits of Inventory and Accounts Receivable. Holdings Company 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, each such audit to be in scope and substance reasonably satisfactory to Syndication Agent and Administrative Agent, all upon reasonable notice and at such reasonable times during normal business hours as may reasonably be requested.

Appears in 1 contract

Samples: Credit Agreement (Arterial Vascular Engineering Inc)

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Audits of Inventory and Accounts Receivable. Holdings 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, each such audit to be in scope and substance reasonably satisfactory to Syndication Agent and Administrative Agent, all upon reasonable notice and at such reasonable times during normal business hours as may reasonably be requested.

Appears in 1 contract

Samples: Credit Agreement (Sealy Corp)

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