Common use of Inspection; Books and Records Clause in Contracts

Inspection; Books and Records. Debtor will at all times keep accurate and complete records covering each item of Collateral, including the proceeds therefrom. Secured Party, or any of its agents, shall have the right, at intervals not more frequent than every one hundred eighty (180) days and without hindrance or delay, at Debtor’s expense in accordance with the terms of the Loan Agreement, to inspect, audit, and examine the Collateral and to make copies of and extracts from the books, records, journals, orders, receipts, correspondence and other data relating to Collateral, Debtor’s business or any other transaction between the parties hereto. Debtor will at its expense furnish Secured Party copies thereof upon request. For the further security of Secured Party, it is agreed that Secured Party has and is hereby granted a security interest in all books and records of Debtor pertaining to the Collateral.

Appears in 2 contracts

Samples: Loan Agreement (Jerrick Media Holdings, Inc.), Security Agreement (Jerrick Media Holdings, Inc.)

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Inspection; Books and Records. Debtor Debtors will at all times keep accurate and complete records covering each item of Collateral, including the proceeds therefrom. Secured Party, or any of its agents, shall have the right, at intervals not more frequent than every one hundred eighty (180) days to be determined by Secured Party and without hindrance or delay, at Debtor’s expense in accordance with the terms of the Loan AgreementDebtors’ expense, to inspect, audit, and examine the Collateral and to make copies of and extracts from the books, records, journals, orders, receipts, correspondence and other data relating to Collateral, Debtor’s Debtors’ business or any other transaction between the parties hereto. Debtor Debtors will at its their expense furnish Secured Party copies thereof upon request. For the further security of Secured Party, it is agreed that Secured Party has and is hereby granted a security interest in all books and records of Debtor Debtors pertaining to the Collateral.

Appears in 1 contract

Samples: Security Agreement (Mecklermedia Corp)

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Inspection; Books and Records. Debtor will at all times keep accurate and complete records covering each item of Collateral, including the proceeds therefrom. Each Secured Party, or any of its his agents, shall have the right, at intervals not more frequent than every one hundred eighty (180) days and without hindrance or delay, at Debtor’s expense in accordance with the terms of the Loan Agreement, to inspect, audit, and examine the Collateral and to make copies of and extracts from the books, records, journals, orders, receipts, correspondence and other data relating to Collateral, Debtor’s business or any other transaction between the parties hereto. Debtor will at its expense furnish Secured Party Parties copies thereof upon request. For the further security of the Secured PartyParties, it is agreed that the Secured Party has Parties have and is are hereby granted a security interest in all books and records of Debtor pertaining to the Collateral.

Appears in 1 contract

Samples: Loan Agreement (Jerrick Media Holdings, Inc.)

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