Common use of Books and Records; Collateral Examination, Inspection and Appraisals Clause in Contracts

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the Borrower, and to discuss the Borrower’s affairs with any of its Directors, Officers, employees or agents.

Appears in 10 contracts

Samples: Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (Provena Foods Inc)

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Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the Borrower, and to discuss the Borrower’s affairs with any of its Directors, Officers, employees or agents.

Appears in 2 contracts

Samples: Credit and Security Agreement (Hei Inc), Credit and Security Agreement (Hei Inc)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the Borrower, and to discuss the Borrower’s affairs with any of its Directors, Officers, employees or agents.

Appears in 2 contracts

Samples: Credit and Security Agreement (Waters Instruments Inc), Credit and Security Agreement (Exabyte Corp /De/)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s business and financial condition and such other matters as the Lender may from time to time reasonably request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the Borrower, and to discuss the Borrower’s affairs with any of its Directors, Officers, employees or agents.

Appears in 2 contracts

Samples: Credit and Security Agreement (CPS Technologies Corp/De/), Credit and Security Agreement by And (CPS Technologies Corp/De/)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Each Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s Borrowers' business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s 's request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower Borrowers at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the BorrowerBorrowers, and to discuss the Borrower’s Borrowers' affairs with any of its their Directors, Officers, employees or agents.

Appears in 2 contracts

Samples: Credit and Security Agreement (Misonix Inc), Credit and Security Agreement (Misonix Inc)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s 's business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s 's request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the Borrower, and to discuss the Borrower’s 's affairs with any of its Directors, Officers, employees or agents.

Appears in 2 contracts

Samples: Credit and Security Agreement (Interpharm Holdings Inc), Credit and Security Agreement (Seaway Valley Capital Corp)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Each Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the such Borrower’s business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the such Borrower at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the Borrower, Borrower and to discuss the such Borrower’s affairs with any of its Directors, Officers, employees or agents.

Appears in 2 contracts

Samples: Credit and Security Agreement (Global Employment Holdings, Inc.), Credit and Security Agreement (Global Employment Holdings, Inc.)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the Borrower, and to discuss the Borrower’s affairs with any of its Directors, Officers, employees or agentssenior offices and independent accountants.

Appears in 2 contracts

Samples: Credit and Security Agreement (Christopher & Banks Corp), Credit and Security Agreement (Christopher & Banks Corp)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower Borrowers will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s Borrowers' business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s 's request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower Borrowers at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the BorrowerBorrowers, and to discuss the Borrower’s Borrowers' affairs with any of its their Directors, Officers, employees or agents.

Appears in 1 contract

Samples: Credit and Security Agreement (Emrise CORP)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Each Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower Borrowers at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the BorrowerBorrowers, and to discuss the Borrower’s Borrowers’ affairs with any of its Directors, Officers, employees or agents.

Appears in 1 contract

Samples: Loan and Security Agreement (Vein Associates of America Inc)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower Borrowers will keep accurate books of record and account for itself themselves pertaining to the Collateral and pertaining to the Borrower’s Borrowers’ business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower Borrowers at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the BorrowerBorrowers, and to discuss the Borrower’s Borrowers’ affairs with any of its Directors, Officers, employees or agents.

Appears in 1 contract

Samples: Credit and Security Agreement (Pacific Cma Inc)

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Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower Borrowers will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s Borrowers’ business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower Borrowers at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the BorrowerBorrowers, and to discuss the Borrower’s Borrowers’ affairs with any of its Directors, Officers, employees or agents.

Appears in 1 contract

Samples: Credit and Security Agreement   by And (Miscor Group, Ltd.)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s its business and financial condition and such other matters as the Lender Agent may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the LenderAgent’s requestrequest and at the Agent’s expense, will permit any officer, employee, attorney, accountant or other agent of the Lender Agent to audit, review, make extracts from or copy any and all company Books and financial books and records Records of the Borrower at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the Borrower, and to discuss the Borrower’s affairs with any of its Directors, directors or Executive Officers, employees or agents.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Biovest International Inc)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Each Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the such Borrower’s business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the such Borrower at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the such Borrower, and to discuss the such Borrower’s affairs with any of its Directors, Officers, employees or agents.

Appears in 1 contract

Samples: Credit and Security Agreement (Orion Energy Systems, Inc.)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s 's business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s 's request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the Borrower, and to discuss the Borrower’s 's affairs with any of its Directors, Officers, employees or agents.

Appears in 1 contract

Samples: Credit and Security Agreement (Tradestar Services, Inc.)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower’s business and financial condition and such other matters as the Lender may from time to time reasonably request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s reasonable request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower at all times during ordinary business hours, and, as part of any collateral examination, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the Borrower, and to discuss the Borrower’s affairs with any of its Directors, Officers, employees or agents.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

Books and Records; Collateral Examination, Inspection and Appraisals. (a) The Borrower Borrowers will keep accurate books of record and account for itself themselves pertaining to the Collateral and pertaining to the each Borrower’s 's business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender’s 's request, will permit any officer, employee, attorney, accountant or other agent of the Lender to audit, review, make extracts from or copy any and all company and financial books and records of the Borrower Borrowers at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the either Borrower, and to discuss the each Borrower’s 's affairs with any of its Directors, Officers, employees or agents.

Appears in 1 contract

Samples: Credit and Security Agreement (Netlist Inc)

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