Books of record and account; separate accounts. (i) Each of the Borrower and the Guarantors shall keep separate and proper books of record and account in which full and materially correct entries shall be made of all financial transactions and the assets and business of each of the Borrower and the Guarantors in accordance with IFRS, and the Agent shall have the right to examine the books and records of each of the Borrower and the Guarantors wherever the same may be kept from time to time as it sees fit, in its sole reasonable discretion, or to cause an examination to be made by a firm of accountants selected by it, provided that any examination shall be done without undue interference with the day to day business operations of the Borrower or the Guarantors, as the case may be.
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Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Books of record and account; separate accounts. (i) Each of the Borrower Borrowers and the Guarantors shall keep separate and proper books of record and account in which full and materially correct entries shall be made of all financial transactions and the assets and business of each of the Borrower Borrowers and the Guarantors in accordance with IFRSGAAP, and the Agent shall have the right to examine the books and records of each of the Borrower Borrowers and the Guarantors wherever the same may be kept from time to time as it sees fit, in its sole reasonable discretion, or to cause an examination to be made by a firm of accountants selected by it, provided that any examination shall be done without undue interference with the day to day business operations of the Borrower Borrowers or the Guarantors, as the case may be.
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Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)
Books of record and account; separate accounts. (i) Each of the Borrower Borrowers and the Guarantors Guarantor shall keep separate and proper books of record and account in which full and materially correct entries shall be made of all financial transactions and the assets and business of each of the Borrower Borrowers and the Guarantors Guarantor in accordance with IFRS, and the Agent shall have the right to examine the books and records of each of the Borrower Borrowers and the Guarantors Guarantor wherever the same may be kept from time to time as it sees fit, in its sole reasonable discretion, or to cause an examination to be made by a firm of accountants selected by it, provided that any examination shall be done without undue interference with the day to day business operations of the Borrower Borrowers or the GuarantorsGuarantor, as the case may be.
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Books of record and account; separate accounts. (i) Each of the Borrower and the Guarantors shall keep separate and proper books of record and account in which full and materially correct entries shall be made of all financial transactions and the assets and business of each of the Borrower and the Guarantors in accordance with IFRSGAAP, and the Agent shall have the right to examine the books and records of each of the Borrower and the Guarantors wherever the same may be kept from time to time as it sees fit, in its sole reasonable discretion, or to cause an examination to be made by a firm of accountants selected by it, provided that any examination shall be done without undue interference with the day to day business operations of the Borrower or the Guarantors, as the case may be.
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Books of record and account; separate accounts. (i) Each of the Borrower Guarantor and the Guarantors Borrowers shall keep separate and proper books of record and account in which full and materially correct entries shall be made of all financial transactions and the assets and business of each of the Borrower Guarantor and the Guarantors Borrowers in accordance with IFRS, and the Agent shall have the right to examine the books and records of each of the Borrower Guarantor and the Guarantors Borrowers wherever the same may be kept from time to time as it sees fit, in its sole reasonable discretion, or to cause an examination to be made by a firm of accountants selected by it, provided that any examination shall be done without undue interference with the day to day business operations of the Borrower Guarantor or the GuarantorsBorrowers, as the case may be.
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Books of record and account; separate accounts. (i) Each of the Borrower and the Guarantors shall keep separate and proper books of record and account in which full and materially correct entries shall be made of all financial transactions and the assets and business of each of the Borrower and the Guarantors in accordance with IFRSGAAP, and the Agent shall have the right to examine the books and records of each of the Borrower and the Guarantors wherever the same may be kept from time to time as it sees fitfollowing the written direction of the Majority Lenders, in its their sole reasonable discretion, or to cause an examination to be made by a firm of accountants selected by itthe Majority Lenders, provided that any examination shall be done without undue interference with the day to day business operations of the Borrower or the Guarantors, as the case may be.
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Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)
Books of record and account; separate accounts. (i) Each of the Borrower Borrowers and the Guarantors Guarantor shall keep separate and proper books of record and account in which full and materially correct entries shall be made of all financial transactions and the assets and business of each of the Borrower Borrowers and the Guarantors Guarantor in accordance with IFRSGAAP, and the Agent shall have the right to examine the books and records of each of the Borrower Borrowers and the Guarantors Guarantor wherever the same may be kept from time to time as it sees fit, in its sole reasonable discretion, or to cause an examination to be made by a firm of accountants selected by it, provided that any examination shall be done without undue interference with the day to day business operations of the Borrower Borrowers or the GuarantorsGuarantor, as the case may be.. 0103218-0000004 NY:20884372.11 58
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