Common use of Books, Records and Inspections; Annual Meetings Clause in Contracts

Books, Records and Inspections; Annual Meetings. (a) The Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries in conformity with GAAP and all requirements of law shall be made of all dealings and transactions in relation to its business and activities. The Borrower will, and will cause each of its Subsidiaries to, permit officers and designated representatives of any Agent or any Lender to visit and inspect, under guidance of officers of the Borrower or such Subsidiary, any of the properties of the Borrower or such Subsidiary, and to examine the books of account of the Borrower or such Subsidiary and discuss the affairs, finances and accounts of the Borrower or such Subsidiary with, and be advised as to the same by, its and their officers and independent accountants, all upon reasonable prior notice and at such reasonable times and intervals and to such reasonable extent as any such Agent or any such Lender may reasonably request; provided, however, so long as no Default or Event of Default has occurred and is continuing, neither any Agent nor any Lender may exercise its rights under this Section 9.02(a) more than once per calendar year.

Appears in 2 contracts

Samples: Credit Agreement (Lee Enterprises, Inc), Credit Agreement (Lee Enterprises Inc)

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Books, Records and Inspections; Annual Meetings. (a) The Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries in conformity with GAAP and all requirements require-ments of law shall be made of all dealings and transactions in relation to its business and activities. The Borrower will, and will cause each of its Subsidiaries to, permit officers and designated representatives representa-tives of any the Administrative Agent or any Lender to visit and inspect, under guidance of officers of the Borrower or such Subsidiary, any of the properties of the Borrower or such Subsidiary, and to examine the books of account of the Borrower or such Subsidiary and discuss the affairs, finances and accounts of the Borrower or such Subsidiary with, and be advised as to the same by, its and their officers and independent accountants, all upon reasonable prior notice and at such reasonable times and intervals inter-vals and to such reasonable extent as any such the Administrative Agent or any such Lender may reasonably request; provided, however, so long as no Default or provided that unless an Event of Default has shall have occurred and is be continuing, neither any Agent nor such visit and inspection by any Lender may exercise its rights under this Section 9.02(a) shall occur no more than once one time per calendar year.

Appears in 1 contract

Samples: Credit Agreement (RCN Corp /De/)

Books, Records and Inspections; Annual Meetings. (a) The Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries in conformity with GAAP and all requirements of law shall be made of all dealings and transactions in relation to its business and activities. The Borrower will, and will cause each of its Subsidiaries to, permit officers and designated representatives of any the Administrative Agent or any Lender to visit and inspect, under guidance of officers of the Borrower or such Subsidiary, any of the properties of the Borrower or such Subsidiary, and to examine the books of account of the Borrower or such Subsidiary and discuss the affairs, finances and accounts of the Borrower or such Subsidiary with, and be advised as to the same by, its and their officers and independent accountants, all upon reasonable prior notice and at such reasonable times and intervals and to such reasonable extent as any such the Administrative Agent or any such Lender may reasonably request; provided, however, so long as no Default or provided that unless an Event of Default has shall have occurred and is be continuing, neither any Agent nor such visit and inspection by any Lender may exercise its rights under this Section 9.02(a) shall occur no more than once one time per calendar year.

Appears in 1 contract

Samples: Credit Agreement (RCN Corp /De/)

Books, Records and Inspections; Annual Meetings. (a) The Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries in conformity with GAAP generally accepted accounting principles and all requirements of law shall be made of all dealings and transactions in relation to its business and activities. The Borrower will, and will cause each of its Subsidiaries to, permit officers and designated representatives of any the Administrative Agent or any Lender to visit and inspect, under guidance of officers of the Borrower or such Subsidiary, any of the properties of the Borrower or such Subsidiary, and to examine the books of account of the Borrower or such Subsidiary and discuss the affairs, finances and accounts of the Borrower or such Subsidiary with, and be advised as to the same by, its and their officers and independent accountants, all upon reasonable prior notice and at such reasonable times and intervals and to such reasonable extent as any such the Administrative Agent or any such Lender may reasonably request; provided, however, so long as no Default or that unless an Event of Default has shall have occurred and is be continuing, neither any Agent nor such visit and inspection by any Lender may exercise its rights under this Section 9.02(a) shall occur no more than once one time per calendar year.

Appears in 1 contract

Samples: Credit Agreement (RCN Corp /De/)

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Books, Records and Inspections; Annual Meetings. (a) The Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries in conformity with GAAP generally accepted accounting principles and all requirements of law shall be made of all dealings and transactions in relation to its business and activities. The Borrower will, and will cause each of its Subsidiaries to, permit officers and designated representatives of any Agent or any Lender the Required Lenders to visit and inspect, under guidance of officers of the Borrower or such Subsidiary, any of the properties of the Borrower or such Subsidiary, and to examine the books of account of the Borrower or such Subsidiary and discuss the affairs, finances and accounts of the Borrower or such Subsidiary with, and be advised as to the same by, its and their officers and independent accountants, (x) at any time a Default or Event of Default is in existence, upon prior notice and at such times and intervals and to such extent as such Agent or the Required Lenders may request and (y) at all other times, upon reasonable prior notice and at such reasonable times and intervals (not to exceed one time per calendar year), and to such reasonable extent as any such Agent or any such Lender the Required Lenders may reasonably request; provided, however, so long as no Default or Event of Default has occurred and is continuing, neither any Agent nor any Lender may exercise its rights under this Section 9.02(a) more than once per calendar year.

Appears in 1 contract

Samples: Credit Agreement (Nash Finch Co)

Books, Records and Inspections; Annual Meetings. (a) The Borrower Holdings ----------------------------------------------- will, and will cause each of its Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries in conformity in all material respects with GAAP generally accepted accounting principles and all requirements of law shall be made of all dealings and transactions in relation to its business and activities. The Borrower Holdings will, and will cause each of its Subsidiaries to, permit officers and designated representatives of any the Administrative Agent or any Lender to visit and inspect, under guidance of officers of the Borrower Holdings or such Subsidiary, any of the properties of the Borrower Holdings or such Subsidiary, and to examine the books of account of the Borrower Holdings or such Subsidiary and discuss the affairs, finances and accounts of the Borrower Holdings or such Subsidiary with, and be advised as to the same by, its and their officers and independent accountants, all upon reasonable prior notice and at such reasonable times and intervals and to such reasonable extent as any such the Administrative Agent or any such Lender may reasonably request; provided, however, provided that (x) so -------- long as no Default or Event of Default has shall have occurred and is be continuing, neither any Agent nor any no Lender may exercise its such inspection rights under this Section 9.02(a) more than once per calendar yearfiscal quarter of Holdings and (y) with respect to any discussions with Holdings' or any of its Subsidiaries' independent accountants, the Administrative Agent or any such Lender shall give Holdings or such Subsidiary an opportunity to participate in such discussions.

Appears in 1 contract

Samples: Credit Agreement (Nm Licensing LLC)

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