Common use of Due Diligence Inspection Clause in Contracts

Due Diligence Inspection. During the seven (7) day period after execution of this Agreement, IFT and its representatives shall have the right to inspect all plant, equipment and operations of TNCI, its premises and its financial and other records at reasonable times. IFT shall also have the right to discuss the affairs of TNCI with the managers, customers, prospective customers, employees, suppliers, advertisers, retailers, banking and other financial institutions, lessors and such other parties as IFT deems appropriate, upon reasonable notice of the proposed times and dates thereof. IFT shall complete its due diligence, provided it has received the cooperation of TNCI contemplated in this Paragraph, no later than seven (7) days following the execution and delivery of this Agreement by the parties. TNCI shall likewise have the right, upon the execution of this Agreement, to inspect IFT, its financial and other records and to discuss the affairs of IFT with appropriate parties under the same terms and conditions and upon the same schedule as IFT shall have to complete its preliminary due diligence. IFT and TNCI will cooperate with all reasonable requests by the other party for information and will use their best efforts to secure the cooperation of the foregoing third parties who may reasonably be requested to furnish information to each other.

Due Diligence Inspection. During the seven (7) day period after execution of this Agreementfrom the date hereof until and through May 14, 1999, IFT and its representatives shall have the right to inspect all plant, equipment and operations of TNCI, its premises and its financial and other records at reasonable times. IFT shall also have the right to discuss the affairs of TNCI with the managers, customers, prospective customers, employees, suppliers, advertisers, retailers, banking and other financial institutions, lessors and such other parties as IFT deems appropriate, upon reasonable notice of the proposed times and dates thereof. IFT shall complete its due diligence, provided it has received the cooperation of TNCI contemplated in this Paragraph, no later than seven (7) days following the execution and delivery of this Agreement by the partiesMay 14, 1999. TNCI shall likewise have the right, upon the execution of this Agreement, to inspect IFT, its financial and other records and to discuss the affairs of IFT with appropriate parties under the same terms and conditions and upon the same schedule as IFT shall have to complete its preliminary due diligence. IFT and TNCI will cooperate with all reasonable requests by the other party for information and will use their best efforts to secure the cooperation of the foregoing third parties who may reasonably be requested to furnish information to each other.