Common use of Books of Account; Statements Clause in Contracts

Books of Account; Statements. The Administrative Agent shall maintain books of account on a cash basis and record therein all deposits into and transfers to, from and between the Accounts and all investment transactions effected by the Administrative Agent, pursuant to Article V hereof. The Administrative Agent shall make such books of account available during normal business hours for inspection and audit by the Borrower and the Secured Parties and their respective representatives upon reasonable prior notice.

Appears in 2 contracts

Samples: Credit Agreement (Orion Power Holdings Inc), Credit Agreement (Orion Power Holdings Inc)

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Books of Account; Statements. The Administrative Agent shall maintain books of account on a cash basis and record therein all deposits into and transfers to, to and from and between the Accounts and all investment transactions effected by the Administrative Agent, Agent pursuant to Article V hereof. The Administrative Agent Section 8.27 and any such recordation shall make such books constitute PRIMA FACIE evidence of account available during normal business hours for inspection and audit by the Borrower and the Secured Parties and their respective representatives upon reasonable prior noticeinformation recorded.

Appears in 2 contracts

Samples: Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Flag Telecom Holdings LTD)

Books of Account; Statements. The Administrative Agent shall maintain books of account on a cash basis and record therein all deposits into and transfers to, to and from and between the Accounts and all investment transactions effected by the Administrative Agent, Agent pursuant to Article V hereofSection 8.27 and any such recordation shall constitute prima facie evidence of the information recorded. The Administrative Agent shall make such books of account available during normal business hours for inspection and audit by the Borrower and the Secured Parties and their respective representatives upon reasonable prior notice.120 129

Appears in 1 contract

Samples: Credit Agreement (Global Telesystems Group Inc)

Books of Account; Statements. The Administrative Agent shall maintain books of account on a cash basis and record therein all deposits into and transfers to, to and from and between the Accounts and all investment transactions effected by the Administrative Agent, Agent pursuant to Article V hereof. The Administrative Agent Section 8.26 and any such recordation shall make such books constitute PRIMA FACIE evidence of account available during normal business hours for inspection and audit by the Borrower and the Secured Parties and their respective representatives upon reasonable prior noticeinformation recorded.

Appears in 1 contract

Samples: Credit Agreement (Flag Telecom Holdings LTD)

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Books of Account; Statements. The Administrative Agent shall maintain books of account on a cash basis and record therein all deposits into and transfers to, from and between the Accounts and all investment transactions effected by the Administrative Agent, pursuant to Article V hereof. The Administrative Agent shall make such books of account available during normal business hours for inspection and audit by the Borrower and the Secured Parties and their respective representatives upon reasonable prior notice.. ARTICLE V

Appears in 1 contract

Samples: Credit Agreement (Orion Power Holdings Inc)

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