Common use of Books and Records; Inspection; Audits Clause in Contracts

Books and Records; Inspection; Audits. (a) The Borrower shall, and shall cause each Obligor to, maintain proper books and records with respect to the operation of its business in accordance with GAAP consistently applied; the Borrower shall, and shall cause each Obligor to, permit authorized representatives of the Administrative Agent to visit and inspect from time to time upon reasonable written notice during business hours (or at any time after the occurrence and during the continuance of an Event of Default hereunder) any of the offices and other facilities of the Borrower or such other Obligor to examine the books and records of the Borrower or such Obligor and make copies or extracts therefrom, to examine the inventory and other assets of the Borrower or such other Obligor to conduct field examinations and collateral audits with respect to the assets of the Borrower or such other Obligor, and to discuss the affairs, inventory and accounts of the Borrower or such other Obligor with its officers and accountants; provided that such inspections, field examinations or audits shall not unreasonably interfere with business operations. (b) With respect to each Funded Project, the Borrower and the applicable Project Company shall, at the Borrower’s expense, permit the Independent Engineer to, not more than once each calendar quarter (unless an Event of Default shall have occurred and be continuing), visit the applicable Site and, prior to Substantial Completion of each such Funded Project, provide a report on the status of construction.

Books and Records; Inspection; Audits. (a) The Borrower shallshall maintain, and shall cause each Obligor toof its Domestic Subsidiaries to maintain, maintain proper books and records with respect to the operation of its business in accordance with GAAP consistently applied; the Borrower shallshall permit, and shall cause each Obligor toof its Domestic Subsidiaries to permit, permit authorized representatives of the Administrative Agent Bank to visit and inspect from time to time upon reasonable written notice during business hours (or at any time after the occurrence and during the continuance of an Event of Default hereunder) any of the offices offices, inventory locations and other facilities of the Borrower or such other Obligor Subsidiary, to examine the books and records of the Borrower or such Obligor Subsidiary and make copies or extracts therefrom, to examine the inventory and other assets Inventory of the Borrower or such other Obligor Subsidiary, to conduct field examinations and collateral audits with respect to the assets of the Borrower or such other Obligorand its Domestic Subsidiaries, to verify the eligibility of the Inventory and Accounts of the Borrower and its Domestic Subsidiaries for inclusion in the Borrowing Base, and to discuss the affairs, inventory and accounts of the Borrower or such other Obligor and its Domestic Subsidiaries with its officers and accountants; provided that such inspections. The Borrower shall permit, and shall cause each of its Domestic Subsidiaries to permit, the Bank to conduct field examinations thereof every 90 days, or audits shall not unreasonably interfere with business operationssuch greater frequency as the Bank may require. (b) With respect to each Funded Project, the Borrower and the applicable Project Company shall, at the Borrower’s expense, permit the Independent Engineer to, not more than once each calendar quarter (unless an Event of Default shall have occurred and be continuing), visit the applicable Site and, prior to Substantial Completion of each such Funded Project, provide a report on the status of construction.

Books and Records; Inspection; Audits. (a) The Borrower shall, and shall cause each Obligor and other Project Company to, maintain proper books and records with respect to the operation of its business in accordance with GAAP consistently applied; the Borrower shall, and shall cause each Obligor and other Project Company to, permit authorized representatives of the Administrative Agent to visit and inspect from time to time upon reasonable written notice during business hours (or at any time after the occurrence and during the continuance of an Event of Default hereunder) any of the offices and other facilities of the Borrower or such Obligor or other Obligor Project Company to examine the books and records of the Borrower or such Obligor or other Project Company and make copies or extracts therefrom, to examine the inventory and other assets of the Borrower or such Obligor or other Obligor Project Company, to conduct field examinations and collateral audits with respect to the assets of the Borrower or such Obligor or other ObligorProject Company, and to discuss the affairs, inventory and accounts of the Borrower or such Obligor or other Obligor Project Company with its officers and accountants; provided that such inspections, field examinations or audits shall not unreasonably interfere with business operations. (b) With respect to each Funded Project, the Borrower and the applicable Project Company shall, at the Borrower’s expense, permit the Independent Engineer to, not more than once each calendar quarter (unless an Event of Default shall have occurred and be continuing), visit the applicable Site and, prior to Substantial Completion of each such Funded Project, provide a report on the status of construction.