Common use of Inspection and Verification Clause in Contracts

Inspection and Verification. The Lender and such persons as the Lender may designate shall have the right, at any reasonable time or times, and upon reasonable notice (which may be telephonic), to inspect the Collateral owned by the Grantor, all records related thereto (and to make extracts and copies from such records), and the premises upon which any such Collateral is located, to discuss the Grantor's affairs with the officers of the Grantor and its independent accountants and to verify under reasonable procedures the validity, amount, quality, quantity, value, and condition of or any other matter relating to, such Collateral, including, in the case of Receivables or Collateral in the possession of a third person, contacting account debtors or a third person possessing such Collateral for the purpose of making such a verification. The provisions of this Section 4 shall not be deemed to limit the Lender's rights under the Credit Agreement.

Appears in 4 contracts

Samples: Security Agreement (Greenshift Corp), Security Agreement (GS Cleantech Corp), Security Agreement (GS Energy CORP)

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Inspection and Verification. The Lender and such persons as the Lender may designate shall have the right, at any reasonable time or times, and upon reasonable notice (which may be telephonic), to inspect the Collateral owned by the GrantorBorrower, all records related thereto (and to make extracts and copies from such records), and the premises upon which any such Collateral is located, to discuss the Grantor's Borrower’s affairs with the officers of the Grantor Borrower and its independent accountants and to verify under reasonable procedures the validity, amount, quality, quantity, value, and condition of or any other matter relating to, such Collateral, including, in the case of Receivables or Collateral in the possession of a third person, contacting account debtors or a third person possessing such Collateral for the purpose of making such a verification. The provisions of this Section 4 shall not be deemed to limit the Lender's ’s rights under the Credit AgreementDebenture.

Appears in 3 contracts

Samples: Security Agreement (Mexoro Minerals LTD), Security Agreement (Mexoro Minerals LTD), Security Agreement (Paramount Gold & Silver Corp.)

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Inspection and Verification. The Lender Lenders and such persons as the Lender Lenders’ Agent may designate shall have the right, at any reasonable time or times, and upon reasonable notice (which may be telephonic), to inspect the Collateral owned by the GrantorBorrower, all records related thereto (and to make extracts and copies from such records), and the premises upon which any such Collateral is located, to discuss the Grantor's Borrower’s affairs with the officers of the Grantor Borrower and its independent accountants and to verify under reasonable procedures the validity, amount, quality, quantity, value, and condition of or any other matter relating to, such Collateral, including, in the case of Receivables or Collateral in the possession of a third person, contacting account debtors or a third person possessing such Collateral for the purpose of making such a verification. The provisions of this Section 4 shall not be deemed to limit the Lender's Lenders’ rights under the Credit AgreementNotes.

Appears in 3 contracts

Samples: Security Agreement (Tapimmune Inc), Security Agreement (Tapimmune Inc), Security Agreement (Op Tech Environmental Services Inc)

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