Common use of Inspection and Disclosure Clause in Contracts

Inspection and Disclosure. Borrower will allow Lender or its agents to enter any of the Borrower’s premises during mutually agreed upon times, to do the following: (1) inspect, audit, review and obtain copies from Xxxxxxxx’s books, records, orders, receipts and other business related data; (2) discuss Xxxxxxxx’s finances and business with anyone who claims to be Xxxxxxxx’s creditor; (3) inspect Borrower’s Property, audit for the use and disposition of the Property’s proceeds; or do whatever Xxxxxx decides is necessary to preserve and protect the Property and Xxxxxx’s interest in the Property. As long as this Agreement is in effect, Xxxxxxxx will direct all of Xxxxxxxx’s accountants and auditors to permit Xxxxxx to examine and make copies of Xxxxxxxx’s records in their possession, and to disclose to Lender any other information that they know about Xxxxxxxx’s financial condition and business operations. Lender may provide Lender’s regulator with required information about Borrower’s financial condition, operation and business or that of Borrower’s parent, subsidiaries or affiliates.

Appears in 1 contract

Samples: Commercial Loan Agreement (Husker Ag LLC)

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Inspection and Disclosure. Borrower will allow Lender or its agents to enter any of the BorrowerXxxxxxxx’s premises during mutually agreed upon times, to do the following: (1) inspect, audit, review and obtain copies from Xxxxxxxx’s books, records, orders, receipts receipts, and other business related data; (2) discuss Xxxxxxxx’s finances and business with anyone who claims to be Xxxxxxxx’s creditor; (3) inspect Borrower’s Property, audit for the use and disposition of the Property’s proceeds; or do whatever Xxxxxx decides is necessary to preserve and protect the Property and Xxxxxx’s interest in the Property. As long as this Agreement is in effect, Xxxxxxxx will direct all of Xxxxxxxx’s accountants and auditors to permit Xxxxxx to examine and make copies of Xxxxxxxx’s records in their possession, and to disclose to Lender any other information that they know about Xxxxxxxx’s financial condition and business operations. Lender may provide Lender’s regulator with required information about Borrower’s financial condition, operation and business or that of Borrower’s parent, subsidiaries or affiliates.

Appears in 1 contract

Samples: Commercial Loan Agreement (Broadwind Energy, Inc.)

Inspection and Disclosure. Borrower will allow Lender Leader or its agents to enter any of the BorrowerXxxxxxxx’s premises during mutually agreed upon times, to do the following: (1) inspect, audit, review and obtain copies from Xxxxxxxx’s books, records, orders, receipts receipts, and other business related data; (2) discuss Xxxxxxxx’s finances and and. business with anyone who claims to be Xxxxxxxx’s creditor; (3) inspect Borrower’s Property, audit for the use and disposition of the Property’s proceeds; , or do whatever Xxxxxx decides is necessary to preserve and protect the Property and Xxxxxx’s interest in the Property. , As long as this Agreement is in effect, Xxxxxxxx Borrower will direct all of XxxxxxxxBorrower’s accountants and auditors to permit Xxxxxx to examine and make copies of XxxxxxxxBorrower’s records in their possession, and to disclose to Lender any other information that they know about Xxxxxxxx’s financial condition and business operations. Lender may provide Lender’s regulator with required information about Borrower’s financial condition, operation and business or that of Borrower’s parent, subsidiaries or affiliates.

Appears in 1 contract

Samples: Commercial Loan Agreement (Suncoast Holdings, Inc)

Inspection and Disclosure. Borrower will allow Lender or its agents to enter any of the Borrower’s premises during mutually agreed upon times, to do the following: (1) inspect, audit, review and obtain copies from XxxxxxxxBorrower’s books, records, orders, receipts receipts, and other business related data; (2) discuss XxxxxxxxBorrower’s finances and business with anyone who claims to be XxxxxxxxBorrower’s creditor; (3) inspect Borrower’s Property, audit for the use and disposition of the Property’s proceeds; or do whatever Xxxxxx Lender decides is necessary to preserve and protect the Property and XxxxxxLender’s interest in the Property. As long as this Agreement is in effect, Xxxxxxxx Borrower will direct all of XxxxxxxxBorrower’s accountants and auditors to permit Xxxxxx Lender to examine and make copies of XxxxxxxxBorrower’s records in their possession, and to disclose to Lender any other information that they know about XxxxxxxxBorrower’s financial condition and business operations. Lender may provide Lender’s regulator with required information about Borrower’s financial condition, operation and business or that of Borrower’s parent, subsidiaries or affiliates.

Appears in 1 contract

Samples: Commercial Loan Agreement (Hei Inc)

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Inspection and Disclosure. Borrower will allow Lender or its agents to enter any of the Borrower’s premises during mutually agreed upon times, to do the following: (1) inspect, audit, review and obtain copies from XxxxxxxxBorrower’s books, records, orders, receipts receipts, and other business related data; (2) discuss Xxxxxxxx’s finances and business with anyone who claims to be Xxxxxxxx’s creditor; (3) inspect Borrower’s Property, audit for the use and disposition of the Property’s proceeds; or do whatever Xxxxxx decides is necessary to preserve and protect the Property and Xxxxxx’s interest in the Property. As long as this Agreement is in effect, Xxxxxxxx will direct all of Xxxxxxxx’s accountants and auditors to permit Xxxxxx to examine and make copies of Xxxxxxxx’s records in their possession, and to disclose to Lender any other information that they know about Xxxxxxxx’s financial condition and business operations. Lender may provide Lender’s regulator with required information about Borrower’s financial condition, operation and business or that of Borrower’s parent, subsidiaries or affiliates.

Appears in 1 contract

Samples: Commercial Loan Agreement (Broadwind Energy, Inc.)

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