Common use of Financial Records; Inspection Clause in Contracts

Financial Records; Inspection. Each Credit Party (other than any Individual Guarantor) will: (i) maintain at its principal place of business complete and accurate books and records, and maintain all of its financial records in a manner consistent with the financial statements heretofore furnished to MLC, or prepared on such other basis as may be approved in writing by MLC or as required by law; and (ii) permit MLC or its duly authorized representatives, upon reasonable notice and at reasonable times, to inspect its properties (both real and personal), operations, books and records, provided that absent the occurrence and continuance of an Event of Default, MLC shall not conduct more than one inspection in any 12 month period.