Common use of Books of Record and Account Clause in Contracts

Books of Record and Account. Each of the Borrower and the Guarantor shall keep 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 Guarantor in accordance with IFRS, and the Agent shall have the right to examine the books and records of each of the Borrower and the 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 of the Borrower or the Guarantor, as the case may be.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

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Books of Record and Account. Each The Borrower and each of the Borrower and the Guarantor Guarantors shall keep 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 Guarantor in accordance with IFRSUS GAAP, and the Agent shall have the right to examine the books and records of the Borrower and each of the Borrower and the Guarantor 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 of the Borrower or any of the GuarantorGuarantors, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Scorpio Bulkers Inc.)

Books of Record and Account. Each The Borrower and each of the Borrower and the Guarantor Guarantors shall keep 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 Guarantor Guarantors in accordance with IFRSUS GAAP, and the Agent shall have the right to examine the books and records of the Borrower and each of the Borrower and the Guarantor 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 of the Borrower or any of the GuarantorGuarantors, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Scorpio Bulkers Inc.)

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Books of Record and Account. Each of the Borrower Borrowers and the Guarantor shall keep 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 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 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 of the Borrower Borrowers or the Guarantor, as the case may be.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

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