Common use of Field Examination Clause in Contracts

Field Examination. Bank or any of its agents or representatives may from time to time, during normal business hours, inspect, check, make copies of or extracts from the books, records and files of Borrower, and visit and inspect Borrower’s offices and any of the Collateral wherever located. Borrower shall make same available at any time for such purposes, and shall pay all expenses related to such inspections. Unless an Event of Default has occurred and is continuing, such examinations will not be conducted more frequently than semi-annually.

Appears in 2 contracts

Samples: Loan and Security Agreement (Halifax Corp), Loan and Security Agreement (Halifax Corp)

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Field Examination. Bank or any of its agents or representatives may from time to time, during normal business hours, inspect, check, make copies of or extracts from the books, records and files of Borrower, and visit and inspect Borrower’s 's offices and any of the Collateral wherever located. Borrower shall make same available at any time for such purposes, and shall pay all expenses related to such inspections. Unless an Event of Default has occurred and is continuing, such examinations will not be conducted more frequently than semi-annually.

Appears in 1 contract

Samples: Loan and Security Agreement (Halifax Corp)

Field Examination. Bank or any of its agents or representatives may from time to time, during normal business hours, inspect, check, make copies of or extracts from the books, records and files of Borrower, and visit and inspect Borrower’s offices and any of the Collateral wherever located. Borrower shall make same available at any time for such purposes, and shall pay all expenses related to such inspections. Unless an Event of Default has occurred and is continuing, such examinations will not be conducted more frequently than semi-annually.

Appears in 1 contract

Samples: Loan and Security Agreement (Halifax Corp)

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Field Examination. Bank or any of its agents or representatives may from time to time, during normal business hours, inspect, check, make copies of or extracts from the books, records and files of Borrower, and visit and inspect Borrower’s offices and any of the Collateral wherever located. Borrower shall make the same available at any time for such purposes, and shall pay all expenses related to such inspections. Unless an Event of Default has occurred and is continuing, such examinations the Borrower will not be conducted charged for no more frequently than semi-annuallyone field examination during each six month period commencing on February 1, 2008.

Appears in 1 contract

Samples: Loan and Security Agreement (Halifax Corp of Virginia)

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