Common use of Financial Books; Lender Right of Inspection Clause in Contracts

Financial Books; Lender Right of Inspection. Guarantor and its subsidiaries will at all times keep, and safely preserve, proper books, records and accounts in which full and true entries will be made of all of the dealings, business and affairs of the Guarantor, in accordance with methods of accounting prescribed by the state regulatory body having jurisdiction over the Guarantor, or in the absence of such regulatory body or such prescription, in accordance with generally accepted accounting principles. The Lender, through its representatives, shall at all times during reasonable business hours have access to, and the right to inspect and make copies of, any or all books, records and accounts, and any or all invoices, contracts, leases, payrolls, canceled checks, statements and other documents and papers of every kind belonging to or in possession of the Guarantor and its subsidiaries and pertaining to the Guarantor's and its subsidiaries' property or business.

Appears in 4 contracts

Samples: Horizon Personal Communications Inc, Horizon PCS Inc, Horizon PCS Inc

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.