Common use of Inspection and Verification Rights Clause in Contracts

Inspection and Verification Rights. Debtor will keep accurate records and documents relating to the Collateral at its principal business office. Secured Party will have the unconditional right at all reasonable times and upon reasonable prior notice to Debtor to; a. Inspect the Collateral, including the records and documents related thereto; b. Make copies of the records and documents; c. After notice to Debtor (unless it is in default), verify orally and in writing directly with third parties, including Account Debtor, the accuracy of any information provided by Debtor with respect to the Collateral; d. Determine through employees, agents, or independent contractors the value of the Collateral at the expense of Debtor no more than once per calendar year and at any time reasonably prudent when Debtor is in default; e. Enter upon any premises owned, leased, or otherwise controlled by Debtor for the foregoing purposes; f. Debtor promises and agrees to provide to Secured Party access to the Collateral and to provide any office space (including computer hardware, operating systems, and software and access to safes and other areas of safekeeping) that is reasonably necessary for the exercise of the foregoing rights. Debtor grants to Secured Party an easement over all premises owned, leased, or otherwise controlled by Debtor for the purpose of inspecting and valuing the Collateral and, following any default, repossessing, storing, preparing for disposition, and disposing of the Collateral. Debtor authorizes and instructs all third parties who have information relating to the Collateral (such as customers, Account Debtor, obligors, government agencies, employees, and outside accountants) to provide any and all information, records, and documents relating to the Collateral to Secured Party upon its written request provided that Secured Party has given Debtor prior notice in writing of its intention to ask for such information.

Inspection and Verification Rights. Debtor will keep accurate records and documents relating to the Collateral at its principal business office. Secured Party will have the unconditional right at all reasonable times and upon reasonable prior notice to Debtor to;: a. Inspect the Collateral, including the records and documents related thereto; b. Make copies of the records and documents; c. After notice to Debtor (unless it is in default), verify orally and in writing directly with third parties, including Account Debtor, the accuracy of any information provided by Debtor with respect to the Collateral; d. Determine through employees, agents, or independent contractors the value of the Collateral at the expense of Debtor no more than once per calendar year and at any time reasonably prudent when Debtor is in default; e. Enter upon any premises owned, leased, or otherwise controlled by Debtor for the foregoing purposes;. f. Debtor promises and agrees to provide to Secured Party access to the Collateral and to provide any office space (including computer hardware, operating systems, and software and access to safes and other areas of safekeeping) that is reasonably necessary for the exercise of the foregoing rights. Debtor grants to Secured Party an easement over all premises owned, leased, or otherwise controlled by Debtor for the purpose of inspecting and valuing the Collateral and, following any default, repossessing, storing, preparing for disposition, and disposing of the Collateral. Debtor authorizes and instructs all third parties who have information relating to the Collateral (such as customers, Account Debtor, obligors, government agencies, employees, and outside accountants) to provide any and all information, records, and documents relating to the Collateral to Secured Party upon its written request provided that Secured Party has given Debtor prior notice in writing of its intention to ask for such information.

Inspection and Verification Rights. Debtor will keep accurate records and documents relating to the Collateral at its principal business office. Secured Party will have the unconditional right at all reasonable times and upon reasonable prior notice to Debtor to; a. Inspect the Collateral, including the records and documents related thereto; b. Make copies of the records and documents; c. After notice to Debtor (unless it is in default), verify orally and in writing directly with third parties, including Account Debtor, the accuracy of any information provided by Debtor with respect to the Collateral; d. Determine through employees, agents, or independent contractors the value of the Collateral at the expense of Debtor no more than once per calendar year and at any time reasonably prudent when Debtor is in default; e. Enter upon any premises owned, leased, or otherwise controlled by Debtor for the foregoing purposes;; and f. Debtor promises and agrees to provide to Secured Party access to the Collateral and to provide any office space (including computer hardware, operating systems, and software and access to safes and other areas of safekeeping) that is reasonably necessary for the exercise of the foregoing rights. Debtor grants to Secured Party an easement over all premises owned, leased, or otherwise controlled by Debtor for the purpose of inspecting and valuing the Collateral and, following any default, repossessing, storing, preparing for disposition, and disposing of the Collateral. Debtor authorizes and instructs all third parties who have information relating to the Collateral (such as customers, Account Debtor, obligors, government agencies, employees, and outside accountants) to provide any and all information, records, and documents relating to the Collateral to Secured Party upon its written request provided that Secured Party has given Debtor prior notice in writing of its intention to ask for such information.

Inspection and Verification Rights. Each Debtor will keep accurate records and documents (as defined in the Loan Agreement) relating to the Collateral at its principal business officeoffice and at the chief executive offices in Portland, Oregon. Secured Party The Agent will have the unconditional right at all reasonable times and upon reasonable prior notice to Debtor the Debtors to;: a. (a) Inspect the Collateral, including the records and documents related thereto; b. (b) Make copies of the records and documents; c. (c) After notice to Debtor the Debtors (unless it is they are in default), verify orally and in writing directly with third parties, including Account Debtoraccount debtors, the accuracy of any information provided by either Debtor with respect to the Collateral; d. Determine (d) If the Debtors are in default, determine through employees, agents, or independent contractors the value of the Collateral at the expense of Debtor the Debtors no more than once per calendar year and as reasonably prudent at any time reasonably prudent when Debtor is in after an event of default and before any cure of such default; e. (e) Enter upon any premises owned, leased, or otherwise controlled by either Debtor for the foregoing purposes;. f. (f) Each Debtor promises and agrees to provide to Secured Party the Agent access to the Collateral and to provide any office space (including computer hardware, operating systems, and software and access to safes and other areas of safekeeping) that is reasonably necessary for the exercise of the foregoing rights. Each Debtor grants to Secured Party the Agent an easement over all premises owned, leased, or otherwise controlled by such Debtor for the purpose of inspecting and valuing the Collateral and, following any default, repossessing, storing, preparing for disposition, and disposing of the Collateral. Each Debtor authorizes and instructs all third parties who have information relating to the Collateral (such as customers, Account Debtoraccount debtors, obligors, government agencies, employees, and outside accountants) to provide any and all information, records, information and documents relating to the Collateral to Secured Party the Agent upon its the Agent's written request provided that Secured Party the Agent has given Debtor the Debtors prior notice in writing of its intention to ask for such information.