Common use of Inspection and Verification Clause in Contracts

Inspection and Verification. The Agent and such Persons as the Agent may designate shall have the right, at each Grantor’s own cost and expense, to inspect the Collateral of such Grantor, all records related thereto (and to make extracts and copies from such records) and the premises upon which any of the Collateral of such Grantor is located, to discuss such Grantor’s affairs with the officers of such Grantor (i) in the absence of an Event of Default, upon reasonable prior notice and during regular operating hours for such Grantor and (ii) otherwise, at any time as the Agent shall decide in its sole discretion.

Inspection and Verification. The Agent and such Persons as the Agent may designate shall have the right, at each Grantor’s own cost and expense, to inspect the Collateral of such Grantor, all records related thereto (and to make extracts and copies from such recordsrecords for purposes of conducting an audit) and the premises upon which any of the Collateral of such Grantor is located, and to discuss such Grantor’s affairs with the directors or officers and independent auditor, if any, of such Grantor Grantor, (i) in the absence of an Event of Default, upon reasonable prior notice and at reasonable times during regular operating business hours for of such Grantor and (ii) otherwise, at any time as the Agent shall decide in its sole discretion, in all respects in accordance with Section 6.2(b) of the Credit Agreement.