Common use of Inspection and Reporting Clause in Contracts

Inspection and Reporting. Each Grantor shall permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate, not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from such Grantor's records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of such Grantor from time to time, (iii) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of such Grantor. Each Grantor shall also permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate to discuss such Grantor's affairs, finances and accounts with any of its officers subject to the execution by the Buyer or its designee(s) of a mutually agreeable confidentiality agreement.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Vringo Inc), Merger Agreement (Vringo Inc)

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Inspection and Reporting. Each Grantor shall permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate, not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from such any Grantor's records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of such any Grantor from time to time, (iii) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of such any Grantor. Each Grantor shall also permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate to discuss such any Grantor's affairs, finances and accounts with any of its officers subject to the execution by the Buyer directors, officers, managerial employees, independent accountants or any of its designee(s) of a mutually agreeable confidentiality agreementother representatives.

Appears in 2 contracts

Samples: Security Agreement (Driftwood Ventures, Inc.), Security Agreement (MFC Development Corp)

Inspection and Reporting. Each Grantor shall permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate, not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from such any Grantor's records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of such any Grantor from time to time, and (iiiiv) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of such any Grantor. Each Grantor shall also permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate to discuss such any Grantor's affairs, finances and accounts with any of its officers subject to the execution by the Buyer directors, officers, managerial employees, independent accountants or any of its designee(s) of a mutually agreeable confidentiality agreementother representatives.

Appears in 2 contracts

Samples: Security Agreement (MDwerks, Inc.), Security Agreement (Catuity Inc)

Inspection and Reporting. Each Grantor shall permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate, not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from such any Grantor's ’s records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of such any Grantor from time to time, and (iiiiv) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of such any Grantor. Each Grantor shall also permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate to discuss such any Grantor's ’s affairs, finances and accounts with any of its officers subject to the execution by the Buyer directors, officers, managerial employees, independent accountants or any of its designee(s) of a mutually agreeable confidentiality agreementother representatives.

Appears in 1 contract

Samples: Security Agreement (Kentucky USA Energy, Inc.)

Inspection and Reporting. Each Grantor shall permit the BuyerTrustee and the Holders, or any agent agents or representatives thereof or such professionals or other Persons as the Buyer Trustee or the Holders may designatedesignate at any time and from time to time during normal business hours, not more than once a year in at the absence expense of an Event of Defaultthe Borrower, (i) to examine and make copies of and abstracts from such Grantor's records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instrumentsnotes, Accounts, Inventory and other assets of such Grantor from time to time, (iii) to conduct audits, physical counts, appraisals and/or valuations, Phase I and Phase II Environmental Site Assessments or examinations at the locations of such Grantor. Each Grantor shall also permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate and (iv) to discuss such Grantor's affairs, finances and accounts with any of its officers subject to directors, officers, managerial employees, independent accountants or any of its other representatives, in each case as provided in the execution by the Buyer or its designee(s) of a mutually agreeable confidentiality agreementIndenture.

Appears in 1 contract

Samples: Security Agreement (Goodman Conveyor Co)

Inspection and Reporting. Each Grantor shall permit the BuyerSecured Parties, or any agent agents or representatives thereof or such professionals or other Persons as the Buyer Secured Parties may designatedesignate at any time and from time to time, not more than once a year in at the absence expense of an Event of Defaultthe Borrowers during normal business hours and upon reasonable advance notice to the Grantors, (i) to examine and make copies of and abstracts from such Grantor's ’s records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accountsnotes, Inventory and other assets of such Grantor from time to time, (iiiiv) to conduct audits, physical counts, appraisals and/or valuations, Phase I and Phase II Environmental Site Assessments or examinations at the locations of such Grantor. Each Grantor shall also permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate and (v) to discuss such Grantor's ’s affairs, finances and accounts with any of its officers subject to directors, officers, managerial employees, independent accountants or any of its other representatives, in each case as provided in the execution by the Buyer or its designee(s) of a mutually agreeable confidentiality agreementLoan Agreement.

Appears in 1 contract

Samples: Security Agreement (Hemiwedge Industries, Inc)

Inspection and Reporting. Each Grantor and each other Borrower shall permit the BuyerAgent, or any agent agents or representatives thereof or such professionals or other Persons as the Buyer Agent may designate, not more than once a year in the absence of an Event of Default, designate (i) to examine examine, inspect and make copies of and abstracts from such Grantor's ’s and any other Borrower’s records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instrumentsnotes, Accounts, Inventory and other assets of such Grantor or such other Borrower from time to time, (iii) to conduct audits, physical counts, appraisals and/or valuations, examinations valuations at the locations of such Grantor. Each Grantor shall also permit , in each case as provided in the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate Financing Agreement and (iv) to discuss such Grantor's the affairs, finances and accounts of the Grantor or such other Borrower with any of its officers subject to the execution by the Buyer directors, officers, managerial employees, independent accountants or any of its designee(s) of a mutually agreeable confidentiality agreementother representatives.

Appears in 1 contract

Samples: Security Agreement (Frederick's of Hollywood Group Inc /Ny/)

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Inspection and Reporting. Each Grantor shall permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate, not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from such any Grantor's ’s records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of such any Grantor from time to time, (iii) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of such any Grantor. Each Grantor shall also permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate to discuss such discuss, with notice and at reasonable and convenient times, any Grantor's ’s affairs, finances and accounts with any of its officers subject to the execution by the Buyer directors, officers, managerial employees, independent accountants or any of its designee(s) of a mutually agreeable confidentiality agreementother representatives.

Appears in 1 contract

Samples: Security Agreement (Vcampus Corp)

Inspection and Reporting. Each Grantor shall permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate, not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from such Grantor's ’s records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of such Grantor from time to time, (iiiiv) to conduct audits, physical counts, appraisals and/or valuations, and examinations at the locations of such Grantor. Each Grantor shall also permit the Buyer, or any agent or representatives thereof or such professionals or other Persons as the Buyer may designate to discuss such Grantor's ’s affairs, finances and accounts with any of its officers subject to the execution by the Buyer directors, officers, managerial employees, independent accountants or any of its designee(s) of a mutually agreeable confidentiality agreementother representatives.

Appears in 1 contract

Samples: Pledge and Security Agreement (Cheetah Oil & Gas Ltd.)

Inspection and Reporting. Each Grantor shall permit the BuyerCollateral Agent, or any agent or representatives thereof or such professionals or other Persons as the Buyer Collateral Agent may designate, not more than once a year in the absence of an Event of Default, designate (at Grantors' sole cost and expense) (i) to examine and make copies of and abstracts from such any Grantor's records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of such any Grantor from time to time, (iii) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of such any Grantor. Each Grantor shall also permit the BuyerCollateral Agent, or any agent or representatives thereof or such professionals or other Persons as the Buyer Collateral Agent may designate to discuss such Grantor's affairs, finances and accounts with any of its officers subject to the execution by the Buyer directors, officers, managerial employees, independent accountants or any of its designee(s) of a mutually agreeable confidentiality agreementother representatives.

Appears in 1 contract

Samples: Security Agreement (Socket Mobile, Inc.)

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