Common use of Books, Records and Access Clause in Contracts

Books, Records and Access. The Borrower shall maintain complete and accurate books and records in which full and correct entries in conformity with GAAP shall be made of all transactions in relation to its business and activities; upon reasonable notice, the Borrower shall at the expense of the Banks prior to Default or at the expense of the Borrower after Default permit access by the Banks to its books and records during normal business hours and permit the Banks to make copies of such books and records; provided, that the Banks agree that Borrower shall not be required to provide the Banks with access to such of its books and records that are subject to confidentiality agreements which prohibit such access or which are proprietary in nature.

Books, Records and Access. The Borrower shall maintain complete and accurate books and records in which full and correct entries in conformity with GAAP shall be made of all transactions in relation to its business and activities; upon reasonable notice, the Borrower shall at the expense of the Banks prior to Default or at the expense of the Borrower after Default permit access by the Banks to its books and records during normal business hours and permit the Banks to make copies of such books and records; provided, provided that the Banks agree that Borrower shall not be required to provide the Banks with access to such of its books and records that are subject to confidentiality agreements which prohibit such access or which are proprietary in nature.