Common use of Inspection and Verification Clause in Contracts

Inspection and Verification. Secured Party and such Persons as Secured Party may designate shall have the right, as reasonably required and upon reasonable notice, at Pledgor's own cost and expense, to inspect the Collateral, all records related thereto (and to make extracts and copies from such records) and the premises upon which any of the Collateral is located, to discuss Pledgor's affairs with the officers of Pledgor and its independent accountants and to verify the validity, amount, quality, quantity, value, condition and status of, or any other matter relating to, the Collateral, including by contacting account debtors or others obligated with respect to Collateral and, in the case of Collateral in the possession of any third person, the third Person possessing such Collateral.

Inspection and Verification. The Secured Party and such Persons as the Secured Party may designate shall have the right, as reasonably required and upon reasonable notice, at Pledgor's the Grantors’ own cost and expense, to inspect the Collateral, all records related thereto (and to make extracts and copies from such records) and the premises upon which any of the Collateral is located, to discuss Pledgor's the Grantors’ affairs with the officers of Pledgor the Grantors and its independent accountants and to verify the validity, amount, quality, quantity, value, condition and status of, or any other matter relating to, the Collateral, including by contacting account debtors or others obligated with respect to Collateral and, in the case of Collateral in the possession of any third personPerson, the third Person possessing such Collateral, as provided in the Credit Agreement.