{"component": "clause", "props": {"groups": [{"size": 4, "samples": [{"hash": "5eIFGZAHJXk", "uri": "/contracts/5eIFGZAHJXk#field-exams", "label": "Loan and Security Agreement (NTN Buzztime Inc)", "score": 27.1984939575, "published": true}, {"hash": "bbj8m5EDZCf", "uri": "/contracts/bbj8m5EDZCf#field-exams", "label": "Loan and Security Agreement (NTN Buzztime Inc)", "score": 27.1902809143, "published": true}, {"hash": "7kRgq9lnDvl", "uri": "/contracts/7kRgq9lnDvl#field-exams", "label": "Loan and Security Agreement (NTN Buzztime Inc)", "score": 26.2867889404, "published": true}], "snippet_links": [{"key": "usual-business-hours", "type": "definition", "offset": [82, 102]}, {"key": "initial-field", "type": "definition", "offset": [133, 146]}, {"key": "the-collateral", "type": "definition", "offset": [183, 197]}, {"key": "the-right", "type": "clause", "offset": [279, 288]}, {"key": "upon-reasonable", "type": "clause", "offset": [290, 305]}, {"key": "prior-notice", "type": "definition", "offset": [306, 318]}, {"key": "an-event-of-default", "type": "clause", "offset": [352, 371]}, {"key": "field-examinations", "type": "definition", "offset": [493, 511]}, {"key": "cost-of", "type": "definition", "offset": [556, 563]}, {"key": "per-day", "type": "definition", "offset": [601, 608]}], "snippet": "Bank (through its officers, employees or agents) shall conduct, during Borrower\u2019s usual business hours and at Borrower\u2019s expense, an initial field examination of Borrower\u2019s Books and the Collateral. Thereafter, Bank (through any of its officers, employees, or agents) shall have the right, upon reasonable prior notice, annually (or more frequently if an Event of Default has occurred and is continuing), during Borrower\u2019s usual business hours and at Borrower\u2019s expense, to conduct additional field examinations of Borrower\u2019s Books and the Collateral. The cost of each field examination shall be $850 per day, per examiner, plus expenses.", "hash": "9eb2855d4342fe85f9be08d942c3e4ae", "id": 4}, {"size": 5, "samples": [{"hash": "dIrxht3DLOL", "uri": "/contracts/dIrxht3DLOL#field-exams", "label": "Credit Agreement (Edgen Group Inc.)", "score": 23.1820678711, "published": true}, {"hash": "7EGhZCYa9Rf", "uri": "/contracts/7EGhZCYa9Rf#field-exams", "label": "Credit Agreement (Edgen Group Inc.)", "score": 23.1026687622, "published": true}, {"hash": "t37NvBmYUe", "uri": "/contracts/t37NvBmYUe#field-exams", "label": "Credit Agreement (Edgen Group Inc.)", "score": 22.9904174805, "published": true}], "snippet_links": [{"key": "the-administrative-agent", "type": "definition", "offset": [0, 24]}, {"key": "field-examination", "type": "clause", "offset": [77, 94]}, {"key": "the-accounts-receivable", "type": "clause", "offset": [98, 121]}, {"key": "working-capital-matters", "type": "clause", "offset": [145, 168]}, {"key": "information-of-the-borrowers", "type": "clause", "offset": [183, 211]}, {"key": "em-llc", "type": "definition", "offset": [216, 222]}, {"key": "petro-acquisition", "type": "definition", "offset": [281, 298]}, {"key": "data-processing", "type": "clause", "offset": [319, 334]}, {"key": "other-systems", "type": "definition", "offset": [339, 352]}], "snippet": "The Administrative Agent or its designee shall have conducted a satisfactory field examination of the accounts receivable, inventory and related working capital matters and financial information of the Borrowers and EM LLC (its Property being that which is acquired as part of the Petro Acquisition) and of the related data processing and other systems.", "hash": "db819a22ecb4f284862ff33268d7c8bd", "id": 2}, {"size": 5, "samples": [{"hash": "dIrxht3DLOL", "uri": "/contracts/dIrxht3DLOL#field-exams", "label": "Credit Agreement (Edgen Group Inc.)", "score": 23.1820678711, "published": true}, {"hash": "7EGhZCYa9Rf", "uri": "/contracts/7EGhZCYa9Rf#field-exams", "label": "Credit Agreement (Edgen Group Inc.)", "score": 23.1026687622, "published": true}, {"hash": "t37NvBmYUe", "uri": "/contracts/t37NvBmYUe#field-exams", "label": "Credit Agreement (Edgen Group Inc.)", "score": 22.9904174805, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [0, 11]}, {"key": "applicable-agent", "type": "definition", "offset": [15, 31]}, {"key": "the-borrowers", "type": "clause", "offset": [42, 55]}, {"key": "will-provide", "type": "clause", "offset": [56, 68]}, {"key": "sole-expense", "type": "definition", "offset": [88, 100]}, {"key": "reports-of", "type": "clause", "offset": [119, 129]}, {"key": "a-collateral", "type": "clause", "offset": [130, 142]}, {"key": "approved-by", "type": "definition", "offset": [158, 169]}, {"key": "the-requesting", "type": "clause", "offset": [170, 184]}, {"key": "the-administrative-agent", "type": "definition", "offset": [205, 229]}, {"key": "an-affiliate", "type": "clause", "offset": [233, 245]}, {"key": "with-respect-to", "type": "clause", "offset": [255, 270]}, {"key": "canadian-borrowing-base", "type": "clause", "offset": [300, 323]}, {"key": "uk-borrowing-base", "type": "clause", "offset": [329, 346]}, {"key": "uae-borrowing-base", "type": "definition", "offset": [352, 370]}, {"key": "singapore-borrowing-base", "type": "definition", "offset": [376, 400]}, {"key": "us-borrowing", "type": "definition", "offset": [409, 421]}, {"key": "matters-regarding", "type": "clause", "offset": [442, 459]}, {"key": "the-loan-parties", "type": "definition", "offset": [460, 476]}, {"key": "the-collateral", "type": "definition", "offset": [480, 494]}, {"key": "agent-shall", "type": "definition", "offset": [503, 514]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [535, 565]}, {"key": "the-applicable", "type": "clause", "offset": [575, 589]}, {"key": "field-examination", "type": "clause", "offset": [610, 627]}, {"key": "borrowing-base-audit", "type": "clause", "offset": [628, 648]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [672, 694]}, {"key": "per-fiscal-year", "type": "clause", "offset": [761, 776]}, {"key": "each-borrower", "type": "clause", "offset": [811, 824]}, {"key": "eligible-subsidiary", "type": "definition", "offset": [833, 852]}, {"key": "all-costs", "type": "definition", "offset": [878, 887]}, {"key": "examination-required", "type": "clause", "offset": [897, 917]}, {"key": "pursuant-to", "type": "definition", "offset": [918, 929]}, {"key": "without-limitation", "type": "clause", "offset": [960, 978]}, {"key": "travel-and", "type": "clause", "offset": [995, 1005]}, {"key": "out-of-pocket-costs", "type": "clause", "offset": [1006, 1025]}, {"key": "in-accordance-with", "type": "definition", "offset": [1027, 1045]}, {"key": "third-party", "type": "definition", "offset": [1099, 1110]}, {"key": "fee-schedule", "type": "definition", "offset": [1113, 1125]}, {"key": "in-effect", "type": "definition", "offset": [1126, 1135]}, {"key": "from-time-to-time", "type": "clause", "offset": [1136, 1153]}], "snippet": "At any time an Applicable Agent requests, the Borrowers will provide such Agent, at the sole expense of the Borrowers, reports of a collateral field examiner approved by the requesting Agent (which may be the Administrative Agent or an affiliate thereof) with respect to all of the components of the Canadian Borrowing Base, the UK Borrowing Base, the UAE Borrowing Base, the Singapore Borrowing Base and the US Borrowing Base and such other matters regarding the Loan Parties or the Collateral as such Agent shall reasonably require. Without limiting the foregoing right of the Applicable Agents to require a field examination/borrowing base audit at any time, as of the date of this Agreement it is anticipated that two field examination/borrowing base audit per fiscal year will be conducted with respect to each Borrower and its Eligible Subsidiary. The Borrowers shall pay all costs for each examination required pursuant to this Section 5.11 (including, without limitation, all reasonable travel and out of pocket costs) in accordance with the Applicable Agent\u2019s, such Affiliates\u2019 or any such third party\u2019s fee schedule in effect from time to time.", "hash": "58ec717476296accdc101fea9a48c585", "id": 1}, {"size": 5, "samples": [{"hash": "akoUwftuzLz", "uri": "/contracts/akoUwftuzLz#field-exams", "label": "Credit Agreement (Steel Partners Holdings L.P.)", "score": 34.4839134216, "published": true}, {"hash": "9wL6HMdrgIX", "uri": "/contracts/9wL6HMdrgIX#field-exams", "label": "Revolving Credit Agreement (Steel Partners Holdings L.P.)", "score": 32.9917869568, "published": true}, {"hash": "gCavOpP6ZfE", "uri": "/contracts/gCavOpP6ZfE#field-exams", "label": "Credit Agreement (Steel Partners Holdings L.P.)", "score": 28.8740596771, "published": true}], "snippet_links": [{"key": "requested-by", "type": "definition", "offset": [3, 15]}, {"key": "the-administrative-agent", "type": "definition", "offset": [16, 40]}, {"key": "per-fiscal-year", "type": "clause", "offset": [47, 62]}, {"key": "the-borrowers", "type": "clause", "offset": [66, 79]}, {"key": "at-any-time", "type": "clause", "offset": [80, 91]}, {"key": "the-loan-parties", "type": "definition", "offset": [135, 151]}, {"key": "an-event-of-default", "type": "clause", "offset": [317, 336]}, {"key": "prior-notice", "type": "definition", "offset": [382, 394]}, {"key": "normal-business-hours", "type": "clause", "offset": [406, 427]}, {"key": "field-examinations", "type": "definition", "offset": [440, 458]}, {"key": "to-ensure", "type": "clause", "offset": [478, 487]}, {"key": "the-collateral", "type": "definition", "offset": [504, 518]}, {"key": "control-systems", "type": "clause", "offset": [557, 572]}, {"key": "provided-that", "type": "definition", "offset": [574, 587]}, {"key": "calendar-year", "type": "clause", "offset": [654, 667]}, {"key": "no-limitation", "type": "clause", "offset": [683, 696]}, {"key": "frequency-of", "type": "clause", "offset": [718, 730]}, {"key": "sole-expense", "type": "definition", "offset": [829, 841]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [860, 888]}, {"key": "it-is-understood-and-agreed-that", "type": "definition", "offset": [897, 929]}, {"key": "consist-of", "type": "clause", "offset": [961, 971]}, {"key": "relevant-sites", "type": "definition", "offset": [1007, 1021]}, {"key": "relevant-loan", "type": "definition", "offset": [1046, 1059]}], "snippet": "If requested by the Administrative Agent, once per fiscal year of the Borrowers at any time as determined by the Administrative Agent, the Loan Parties will permit the Administrative Agent or professionals (including consultants, accountants, lawyers and appraisers) retained by the Administrative Agent, and, unless an Event of Default then exists and is continuing, on reasonable prior notice and during normal business hours, to conduct field examinations or updates thereof to ensure the adequacy of the Collateral included in the related reporting and control systems; provided that, if an Event of Default has occurred and is continuing during any calendar year there shall be no limitation as to the number and frequency of such field examinations during such calendar year and all such field examinations shall be at the sole expense of the Borrowers. For purposes of this Section 8.1.14, it is understood and agreed that a single field examination may consist of examinations conducted at multiple relevant sites and involve one or more relevant Loan Parties and their assets.", "hash": "3d03cdf770f77488d68c8a9d6dc25ecf", "id": 3}, {"size": 3, "samples": [{"hash": "e1GXEWt0s8I", "uri": "/contracts/e1GXEWt0s8I#field-exams", "label": "Loan and Security Agreement (Daegis Inc.)", "score": 22.5852165222, "published": true}, {"hash": "7gHs6lmzjvw", "uri": "/contracts/7gHs6lmzjvw#field-exams", "label": "Loan and Security Agreement (Unify Corp)", "score": 22.295003891, "published": true}, {"hash": "iXV5Xo0vdAE", "uri": "/contracts/iXV5Xo0vdAE#field-exams", "label": "Loan and Security Agreement (Unify Corp)", "score": 21.4955501556, "published": true}], "snippet_links": [{"key": "of-lender", "type": "clause", "offset": [73, 82]}, {"key": "without-limitation", "type": "clause", "offset": [95, 113]}, {"key": "professional-advisors", "type": "definition", "offset": [146, 167]}, {"key": "field-examinations", "type": "definition", "offset": [180, 198]}, {"key": "the-collateral", "type": "definition", "offset": [202, 216]}, {"key": "cost-of", "type": "definition", "offset": [230, 237]}, {"key": "borrower-and-guarantors", "type": "clause", "offset": [238, 261]}, {"key": "lender-may", "type": "definition", "offset": [308, 318]}, {"key": "reasonably-request", "type": "definition", "offset": [319, 337]}, {"key": "default-shall", "type": "definition", "offset": [358, 371]}, {"key": "no-notice", "type": "definition", "offset": [420, 429]}, {"key": "and-lender", "type": "clause", "offset": [448, 458]}, {"key": "all-times", "type": "definition", "offset": [488, 497]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [531, 561]}, {"key": "fiscal-quarter", "type": "clause", "offset": [658, 672]}, {"key": "no-event-of-default", "type": "clause", "offset": [733, 752]}, {"key": "to-reimburse", "type": "definition", "offset": [830, 842]}, {"key": "in-the-aggregate", "type": "definition", "offset": [893, 909]}, {"key": "fiscal-year", "type": "clause", "offset": [917, 928]}, {"key": "with-respect-to", "type": "clause", "offset": [930, 945]}], "snippet": "Borrower and each Guarantor shall permit Lender or any agent or designee of Lender, including, without limitation, its attorneys, accountants and professional advisors, to conduct field examinations of the Collateral, at the sole cost of Borrower and Guarantors and at such reasonable times and intervals as Lender may reasonably request (unless an Event of Default shall have occurred and be continuing, in which event no notice shall be required and Lender shall have access at any and all times during the continuance thereof). Without limiting the foregoing, Borrower and each Guarantor agrees that Lender may conduct such field exams at least once each fiscal quarter of Borrower at Borrower and Guarantors\u2019 expense. So long as no Event of Default has occurred and is continuing, Borrower and Guarantor shall not be required to reimburse amounts over $10,000 per quarter (or over $40,000 in the aggregate in any fiscal year) with respect to such field examinations.", "hash": "5f6844fb61b16270d48d76db338da188", "id": 5}, {"size": 2, "samples": [{"hash": "g449Cb5rUZx", "uri": "/contracts/g449Cb5rUZx#field-exams", "label": "Credit and Security Agreement (Bell Microproducts Inc)", "score": 21.0, "published": true}, {"hash": "1uN7mWQOJk0", "uri": "/contracts/1uN7mWQOJk0#field-exams", "label": "Credit and Security Agreement (Bell Microproducts Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "loan-party", "type": "definition", "offset": [5, 15]}, {"key": "the-lender-group", "type": "clause", "offset": [46, 62]}, {"key": "from-time-to-time", "type": "clause", "offset": [70, 87]}, {"key": "such-information", "type": "definition", "offset": [88, 104]}, {"key": "with-respect-to", "type": "clause", "offset": [105, 120]}, {"key": "the-receivables", "type": "clause", "offset": [128, 143]}, {"key": "lender-group-agent", "type": "definition", "offset": [164, 182]}, {"key": "reasonably-request", "type": "definition", "offset": [187, 205]}, {"key": "regular-business-hours", "type": "clause", "offset": [254, 276]}, {"key": "by-the-agent", "type": "clause", "offset": [290, 302]}, {"key": "upon-reasonable-notice", "type": "clause", "offset": [329, 351]}, {"key": "cost-of", "type": "definition", "offset": [368, 375]}, {"key": "each-lender", "type": "clause", "offset": [414, 425]}, {"key": "the-originator", "type": "clause", "offset": [489, 503]}, {"key": "agent-and-lender", "type": "clause", "offset": [518, 534]}, {"key": "copies-of", "type": "definition", "offset": [607, 616]}, {"key": "all-records", "type": "clause", "offset": [636, 647]}, {"key": "control-of", "type": "definition", "offset": [679, 689]}, {"key": "relating-to", "type": "definition", "offset": [702, 713]}, {"key": "the-collateral", "type": "definition", "offset": [714, 728]}, {"key": "without-limitation", "type": "clause", "offset": [741, 759]}, {"key": "related-contracts", "type": "definition", "offset": [765, 782]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [844, 862]}, {"key": "in-clause", "type": "clause", "offset": [898, 907]}, {"key": "to-discuss", "type": "definition", "offset": [923, 933]}, {"key": "financial-condition", "type": "clause", "offset": [968, 987]}, {"key": "any-person", "type": "definition", "offset": [1009, 1019]}, {"key": "performance-under", "type": "clause", "offset": [1022, 1039]}, {"key": "the-transaction-documents", "type": "clause", "offset": [1047, 1072]}, {"key": "the-contracts", "type": "clause", "offset": [1107, 1120]}, {"key": "each-case", "type": "definition", "offset": [1129, 1138]}, {"key": "employees-of", "type": "clause", "offset": [1168, 1180]}, {"key": "the-servicer", "type": "definition", "offset": [1193, 1205]}, {"key": "knowledge-of", "type": "clause", "offset": [1213, 1225]}, {"key": "the-foregoing", "type": "definition", "offset": [1248, 1261]}, {"key": "no-amortization-event", "type": "clause", "offset": [1336, 1357]}, {"key": "the-loan-parties", "type": "definition", "offset": [1394, 1410]}, {"key": "responsible-for", "type": "clause", "offset": [1425, 1440]}, {"key": "expenses-of", "type": "clause", "offset": [1455, 1466]}, {"key": "calendar-year", "type": "clause", "offset": [1496, 1509]}, {"key": "prior-consultation", "type": "definition", "offset": [1691, 1709]}, {"key": "and-agreement", "type": "clause", "offset": [1710, 1723]}], "snippet": "Such Loan Party will furnish to the Agent and the Lender Group Agents from time to time such information with respect to it and the Receivables as the Agent or any Lender Group Agent may reasonably request. Such Loan Party will, from time to time during regular business hours as requested by the Agent or any Lender Group Agent upon reasonable notice and at the sole cost of such Loan Party, permit the Agent and each Lender Group Agent, or its agents or representatives (and shall cause the Originator to permit the Agent and Lender Group Agents or its agents or representatives): (i) to examine and make copies of and abstracts from all Records in the possession or under the control of such Person relating to the Collateral, including, without limitation, the related Contracts, and (ii) to visit the offices and properties of such Person for the purpose of examining such materials described in clause (i) above, and to discuss matters relating to such Person\u2019s financial condition or the Collateral or any Person\u2019s performance under any of the Transaction Documents or any Person\u2019s performance under the Contracts and, in each case, with any of the officers or employees of Borrower or the Servicer having knowledge of such matters (each of the foregoing examinations and visits, a \u201cReview\u201d); provided, however, that, so long as no Amortization Event has occurred and is continuing, (A) the Loan Parties shall only be responsible for the costs and expenses of three (3) Reviews in any one calendar year, and (B) the Agent and the Lender Group Agents will not request more than four (4) Reviews in any one calendar year (each Lender Group Agent hereby agrees that it will not, without prior consultation and agreement with the Agent, request any such Review).", "hash": "6bee3c571c13bd8bbc6d21f6017ffdfd", "id": 6}, {"size": 2, "samples": [{"hash": "a381iOFwXue", "uri": "/contracts/a381iOFwXue#field-exams", "label": "Loan and Security Agreement (Lounsberry Holdings Ii Inc)", "score": 18.0, "published": true}, {"hash": "8aHeXSgsIJS", "uri": "/contracts/8aHeXSgsIJS#field-exams", "label": "Loan and Security Agreement (Techprecision Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "lender-may", "type": "definition", "offset": [0, 10]}, {"key": "field-examinations", "type": "definition", "offset": [36, 54]}, {"key": "to-be-completed", "type": "clause", "offset": [55, 70]}, {"key": "cost-and-expense", "type": "clause", "offset": [105, 121]}], "snippet": "Lender may cause commercial finance field examinations to be completed semi-annually, at Borrower's sole cost and expense.", "hash": "bee0188c8c4f93f234fd9e5f1f4e296b", "id": 7}, {"size": 2, "samples": [{"hash": "eX9ngwGnRdp", "uri": "/contracts/eX9ngwGnRdp#field-exams", "label": "Second Amended and Restated Credit Agreement", "score": 31.3408622742, "published": true}, {"hash": "cQmbcmIEvEK", "uri": "/contracts/cQmbcmIEvEK#field-exams", "label": "Second Amended and Restated Credit Agreement (Forum Energy Technologies, Inc.)", "score": 25.9486656189, "published": true}], "snippet_links": [{"key": "credit-party", "type": "definition", "offset": [5, 17]}, {"key": "the-administrative-agent", "type": "definition", "offset": [31, 55]}, {"key": "reasonable-time", "type": "clause", "offset": [67, 82]}, {"key": "upon-reasonable", "type": "clause", "offset": [87, 102]}, {"key": "prior-notice", "type": "definition", "offset": [103, 115]}, {"key": "from-time-to-time", "type": "clause", "offset": [121, 138]}, {"key": "upon-request", "type": "definition", "offset": [139, 151]}, {"key": "with-reasonable-notice", "type": "clause", "offset": [180, 202]}, {"key": "field-exam", "type": "clause", "offset": [214, 224]}, {"key": "provisions-of", "type": "clause", "offset": [257, 270]}, {"key": "section-98", "type": "clause", "offset": [271, 282]}, {"key": "provided-that", "type": "definition", "offset": [284, 297]}, {"key": "an-event-of-default", "type": "clause", "offset": [306, 325]}, {"key": "the-borrower-shall", "type": "clause", "offset": [358, 376]}, {"key": "cost-of", "type": "definition", "offset": [386, 393]}, {"key": "per-fiscal-year", "type": "clause", "offset": [441, 456]}], "snippet": "Each Credit Party shall permit the Administrative Agent to, at any reasonable time and upon reasonable prior notice, and from time to time upon request by the Administrative Agent with reasonable notice, perform a Field Exam, subject to the confidentiality provisions of Section 9.8; provided that, unless an Event of Default has occurred and is continuing, the Borrower shall bear the cost of only one such Field Exam for each Credit Party per fiscal year.", "hash": "6d5356f6d44c07211273ce78ee9f28f6", "id": 8}, {"size": 2, "samples": [{"hash": "k7yX7k8ZQ7m", "uri": "/contracts/k7yX7k8ZQ7m#field-exams", "label": "Credit Agreement (Edgen Group Inc.)", "score": 22.9904174805, "published": true}, {"hash": "5xV6bOx5ifp", "uri": "/contracts/5xV6bOx5ifp#field-exams", "label": "Credit Agreement (Edgen Murray II, L.P.)", "score": 22.6810398102, "published": true}], "snippet_links": [{"key": "the-administrative-agent", "type": "definition", "offset": [0, 24]}, {"key": "field-examination", "type": "clause", "offset": [84, 101]}, {"key": "the-accounts-receivable", "type": "clause", "offset": [105, 128]}, {"key": "working-capital-matters", "type": "clause", "offset": [152, 175]}, {"key": "information-of-the-borrowers", "type": "clause", "offset": [190, 218]}, {"key": "canadian-loan-parties", "type": "clause", "offset": [233, 254]}, {"key": "uk-loan-parties", "type": "definition", "offset": [256, 271]}, {"key": "us-loan-parties", "type": "clause", "offset": [276, 291]}, {"key": "data-processing", "type": "clause", "offset": [311, 326]}, {"key": "other-systems", "type": "definition", "offset": [331, 344]}], "snippet": "The Administrative Agent or its designee shall have conducted a recent satisfactory field examination of the accounts receivable, inventory and related working capital matters and financial information of the Borrowers and the other Canadian Loan Parties, UK Loan Parties and US Loan Parties and of the related data processing and other systems.", "hash": "368a8644ff84557ce8ef44fc4109c0e5", "id": 9}, {"size": 2, "samples": [{"hash": "662tDC246Xe", "uri": "/contracts/662tDC246Xe#field-exams", "label": "Credit Agreement (Tempus AI, Inc.)", "score": 36.5017127991, "published": true}, {"hash": "5UexEpXXYgy", "uri": "/contracts/5UexEpXXYgy#field-exams", "label": "Credit Agreement (Tempus AI, Inc.)", "score": 36.0910339355, "published": true}], "snippet_links": [{"key": "each-loan-party", "type": "definition", "offset": [0, 15]}, {"key": "revolving-agent", "type": "definition", "offset": [97, 112]}, {"key": "examinations-and-audits", "type": "clause", "offset": [130, 153]}, {"key": "of-accounts", "type": "clause", "offset": [154, 165]}, {"key": "the-loan-parties", "type": "definition", "offset": [169, 185]}, {"key": "the-accounts", "type": "clause", "offset": [267, 279]}, {"key": "to-verify", "type": "definition", "offset": [363, 372]}, {"key": "account-debtors", "type": "definition", "offset": [451, 466]}, {"key": "billing-practices", "type": "definition", "offset": [485, 502]}, {"key": "normal-business-hours", "type": "clause", "offset": [603, 624]}, {"key": "an-event-of-default-is", "type": "clause", "offset": [636, 658]}, {"key": "upon-reasonable", "type": "clause", "offset": [671, 686]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [695, 717]}, {"key": "default-shall", "type": "definition", "offset": [761, 774]}, {"key": "borrower-shall", "type": "clause", "offset": [808, 822]}, {"key": "to-reimburse", "type": "definition", "offset": [840, 852]}, {"key": "twelve-month-period", "type": "clause", "offset": [909, 928]}, {"key": "additional-field", "type": "definition", "offset": [949, 965]}, {"key": "required-by", "type": "definition", "offset": [972, 983]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1259, 1285]}, {"key": "reimbursement-limitations", "type": "clause", "offset": [1291, 1316]}, {"key": "in-this-clause", "type": "clause", "offset": [1327, 1341]}, {"key": "in-connection-with", "type": "clause", "offset": [1391, 1409]}, {"key": "permitted-acquisition", "type": "definition", "offset": [1412, 1433]}, {"key": "unless-agreed-otherwise", "type": "clause", "offset": [1450, 1473]}], "snippet": "Each Loan Party will, and will permit each of its Subsidiaries to, permit representatives of the Revolving Agent to conduct field examinations and audits of Accounts of the Loan Parties and their Subsidiaries (including to evaluate and make physical verifications of the Accounts in any manner and through any medium that the Revolving Agent considers advisable, to verify the amount and age of the Accounts, the identity and credit of the respective Account Debtors and to review the billing practices of the Loan Parties) (collectively, \u201cField Exams\u201d), which shall, be at such reasonable times during normal business hours and unless an Event of Default is continuing, upon reasonable advance notice to the Borrower; provided, that for so long as no Event of Default shall have occurred and be continuing, Borrower shall not be obligated to reimburse Revolving Agent for more than one (1) Field Exam in any twelve month period; provided, that any additional Field Exams required by the Revolving Agent in any given 12-month period shall be performed at the expense of the Revolving Agent; provided, further, that if an Event of Default shall have occurred and be continuing, the Revolving Agent may conduct additional Field Exams at the Borrower\u2019s expense. For the avoidance of doubt, the reimbursement limitations set forth in this clause (b)(ii) shall not apply to Field Exams conducted in connection with a Permitted Acquisition (provided, that unless agreed otherwise with the Borrower, there shall not be more than one such exam per Permitted Acquisition).", "hash": "b017fb3f65fe8b69f8c7d3641213a50c", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRmaWVsZC1leGFtcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 55, "title": "Field Exams", "children": [["field-exams", "Field Exams"], ["default", "Default"]], "parents": [["affirmative-covenants", "AFFIRMATIVE COVENANTS"], ["covenants", "COVENANTS"], ["effective-date", "Effective Date"], ["conditions", "CONDITIONS"], ["creation-of-security-interest", "Creation of Security Interest"]], "id": "field-exams", "related": [["field-examinations", "Field Examinations", "Field Examinations"], ["field-examination", "Field Examination", "Field Examination"], ["collateral-examination", "Collateral Examination", "Collateral Examination"], ["field-audits", "Field Audits", "Field Audits"], ["eye-exams", "Eye Exams", "Eye Exams"]], "related_snippets": [], "updated": "2026-04-01T05:53:38+00:00", "also_ask": [], "drafting_tip": "Specify the frequency and scope of field exams to set clear expectations; require advance notice to respect operational needs; define examiner access rights to protect sensitive information.", "explanation": "The Field Exams clause grants a party, typically a lender or regulatory authority, the right to conduct on-site inspections or audits of a borrower's premises, records, or collateral. In practice, this may involve scheduled or unscheduled visits to review inventory, financial documents, or operational processes to ensure compliance with loan agreements or regulatory requirements. The core function of this clause is to provide oversight and verify the accuracy of information provided by the borrower, thereby reducing risk and ensuring transparency for the party conducting the examination."}, "json": true, "cursor": ""}}