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

Financial Books; Lender Right of Inspection. 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 Borrower, in accordance with methods of accounting prescribed by the state regulatory body having jurisdiction over the Borrower, or in the absence of such regulatory body or such prescription, by the FCC or in accordance with generally accepted accounting principles. Upon reasonable notice to the Borrower, 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 Borrower and its Subsidiaries and pertaining to the Borrower's and its Subsidiaries' property or business, for the sole purpose of determining compliance by the Borrower of its obligations under this Agreement.

Appears in 3 contracts

Samples: Loan Agreement (Horizon Personal Communications Inc), Loan Agreement (Horizon PCS Inc), Loan Agreement (Horizon PCS Inc)

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Financial Books; Lender Right of Inspection. 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 Borrower, in accordance with methods of accounting prescribed by the state regulatory body having jurisdiction over the Borrower, or in the absence of such regulatory body or such prescription, by the FCC or in accordance with generally accepted accounting principles. Upon reasonable notice to the Borrower, 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 Borrower and its Subsidiaries and pertaining to the Borrower's and its Subsidiaries' property or business, for the sole purpose of determining compliance by the Borrower of its obligations under this Agreementagreement.

Appears in 1 contract

Samples: Loan Agreement (Horizon Personal Communications Inc)

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