Common use of Books; Records; Inspections Clause in Contracts

Books; Records; Inspections. Keep, and cause each other Loan Party to keep, its books and records in accordance with sound business practices sufficient to allow the preparation of financial statements in accordance with IFRS; permit, and cause each other Loan Party to permit, Agent (accompanied by the Lender) or any representative thereof to inspect, at any reasonable time and with reasonable notice (or at any time without notice if an Event of Default exists), the properties and operations of Borrower or such other Loan Party; and permit, and cause each other Loan Party to permit, at any reasonable time and with reasonable notice (or at any time without notice if an Event of Default exists), Agent (accompanied by the Lender) or any representative thereof to visit any or all of its offices, to discuss its financial matters with its directors or officers and its independent auditors (and Borrower hereby authorizes such independent auditors to discuss such financial matters with the Lender or Agent or any representative thereof), and to examine (and, at the expense of Borrower or the applicable Loan Party, photocopy extracts from) any of its books or other records; and permit, and cause each other Loan Party to permit, Agent and its representatives to inspect, at any reasonable time and with reasonable notice (or at any time without notice if an Event of Default exists), the Collateral and other tangible assets of Borrower or such Loan Party, to perform appraisals of the equipment of Borrower or such Party, and to inspect, audit, check and make copies of and extracts from the books, records, computer data, computer programs, journals, orders, receipts, correspondence and other data relating to any Collateral.

Appears in 5 contracts

Samples: Credit Agreement (Merus Labs International Inc.), Credit Agreement (PDL Biopharma, Inc.), Credit Agreement (Merus Labs International Inc.)

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Books; Records; Inspections. Keep, and cause each other Loan Party to keep, its books and records in accordance with sound business practices sufficient to allow the preparation of financial statements in accordance with IFRSGAAP; permit, and cause each other Loan Party to permit, Agent permit (accompanied by the Lender) or any representative thereof to inspect, at any reasonable time and with reasonable notice (notice), Agent or at any time without notice if representative thereof to, no more often than once on an annual basis prior to the occurrence and during the continuation of an Event of Default exists)Default, inspect the properties and operations of Borrower or such any other Loan Party; and permit, and cause each other Loan Party to permit, at any reasonable time and with reasonable prior written notice (or at any time without notice if an Event of Default exists), Agent (accompanied by the any Lender) or any representative thereof to visit any or all of its offices, to discuss its financial matters with its directors or officers and its independent auditors (and Borrower hereby authorizes such independent auditors to discuss such financial matters with the any Lender or Agent or any representative thereof), and to examine (and, at the expense of Borrower or the applicable Loan Party, and photocopy extracts from) any of its books or other recordsrecords related to the financial condition of the Loan Parties or their compliance with the provision of the Loan Documents; and permit, and cause each other Loan Party to permit, Agent and its representatives to inspect, (at any reasonable time and with reasonable notice (or at any time without notice if an Event of Default exists), notice) Agent and its representatives to inspect the Collateral and other tangible assets of Borrower or such Loan Party, to perform appraisals of the equipment of Borrower or such Loan Party, and to inspect, audit, check and make copies of and extracts from the books, records, computer data, computer programs, journals, orders, receipts, correspondence and other data relating to any Collateral.

Appears in 3 contracts

Samples: Credit Agreement (Acer Therapeutics Inc.), Credit Agreement (Acer Therapeutics Inc.), Credit Agreement (Acer Therapeutics Inc.)

Books; Records; Inspections. Keep, and cause each other Loan Party to keep, its books and records in accordance with sound business practices sufficient to allow the preparation of financial statements in accordance with IFRSGAAP; permit, and cause each other Loan Party to permit, Agent permit (accompanied by the Lender) or any representative thereof to inspect, at any reasonable time and with reasonable notice (notice), Agent or at any time without notice if representative thereof to, no more often than once on an annual basis prior to the occurrence of an Event of Default exists)Default, inspect the properties and operations of Borrower or such any other Loan Party; and permit, and cause each other Loan Party to permit, at any reasonable time and with reasonable notice (or at any time without notice if an Event of Default exists), Agent (accompanied by the any Lender) or any representative thereof to visit any or all of its offices, to discuss its financial matters with its directors or officers and its independent auditors (and Borrower hereby authorizes such independent auditors to discuss such financial matters with the any Lender or Agent or any representative thereof), and to examine (and, at the expense of Borrower or the applicable Loan Party, photocopy extracts from) any of its books or other records; and permit, and cause each other Loan Party to permit, Agent and its representatives to inspect, (at any reasonable time and with reasonable notice (or at any time without notice if an Event of Default exists), notice) Agent and its representatives to inspect the Collateral and other tangible assets of Borrower or such Loan Party, solely as related to the FC2 Product to perform appraisals of the equipment of Borrower or such Loan Party, and to inspect, audit, check and make copies of and extracts from the books, records, computer data, computer programs, journals, orders, receipts, correspondence and other data relating to any Collateral.

Appears in 1 contract

Samples: Credit Agreement (Veru Inc.)

Books; Records; Inspections. Keep, and cause each other Loan Party to keep, its books and records in accordance with sound business practices sufficient to allow the preparation of financial statements in accordance with IFRSGAAP; permit, and cause each other Loan Party to permit, Agent permit (accompanied by the Lender) or any representative thereof to inspect, at any reasonable time and with reasonable notice (notice), Agent or at any time without notice if representative thereof to, no more often than once on an annual basis prior to the occurrence of an Event of Default exists)Default, inspect the properties and operations of Borrower or such any other Loan Party; and permit, and cause each other Loan Party to permit, at any reasonable time and with reasonable notice (or at any time without notice if an Event of Default exists), Agent (accompanied by the any Lender) or any representative thereof to visit any or all of its offices, to discuss its financial matters with its directors or officers and its independent auditors (and Borrower hereby authorizes such independent auditors to discuss such financial matters with the any Lender or Agent or any representative thereof), and to examine (and, at the expense of Borrower or the applicable Loan Party, and photocopy extracts from) any of its books or other records; and permit, and cause each other Loan Party to permit, Agent and its representatives to inspect, (at any reasonable time and with reasonable notice (or at any time without notice if an Event of Default exists), notice) Agent and its representatives to inspect the Collateral and other tangible assets of Borrower or such Loan Party, to perform appraisals of the equipment of Borrower or such Loan Party, and to inspect, audit, check and make copies of and extracts from the books, records, computer data, computer programs, journals, orders, receipts, correspondence and other data relating to any Collateral.

Appears in 1 contract

Samples: Credit Agreement (Biotricity Inc.)

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Books; Records; Inspections. Keep, and cause each other Loan Party to keep, its books and records in accordance with sound business practices sufficient to allow the preparation of financial statements in accordance with IFRSGAAP; permit, and cause each other Loan Party to permitpermit (but no more than once per year unless an Event of Default has occurred and is continuing), the Agent (accompanied by the Lender) or any representative thereof of the Agent to inspect, at any reasonable time and with reasonable notice (or at any time without notice if an Event of Default exists), the properties and operations of Borrower or such other Loan Party; and permitpermit (but no more than once per year unless an Event of Default has occurred and is continuing), and cause each other Loan Party to permit, at any reasonable time and with reasonable notice (or at any time without notice if an Event of Default exists), the Agent (accompanied by the Lender) or any representative thereof of the Agent to visit any or all of its offices, to discuss its financial matters with its directors or officers and its independent auditors auditors, if any (and Borrower Parent hereby authorizes such independent auditors auditors, if any, to discuss such financial matters with the Lender or the Agent or any representative thereof), and to examine (and, at the expense of Borrower the Borrowers or the applicable Loan Party, photocopy extracts from) any of its books or other records; and permit, and cause each other Loan Party to permit, the Agent and its representatives to inspectinspect (but no more than once per year unless an Event of Default has occurred and is continuing), at any reasonable time and with reasonable notice (or at any time without notice if an Event of Default exists), the Collateral and other tangible assets of Borrower or such Loan Party, to perform appraisals of the equipment of Borrower or such Loan Party, and to inspect, audit, check and make copies of and extracts from the books, records, computer data, computer programs, journals, orders, receipts, correspondence and other data relating to any Collateral, for purposes of or otherwise in connection with conducting a review, audit or appraisal of such books and records.

Appears in 1 contract

Samples: Credit Agreement (Durata Therapeutics, Inc.)

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