Inspection by the Agent. Each of the Borrowers shall permit the Banks, through the Agent or the Agent's designee, at any reasonable time and from time to time, to (a) visit and inspect the properties (including the Real Properties) of such Borrower and/or conduct a field examination, audit (other than environmental audit) or other on-site examination of the Borrower's operations, books, records and property, provided that prior to the occurrence of an Event of Default, the number of audits of the Borrowers' books and records that the Agent or its designee may conduct in each fiscal year at the Borrowers' sole cost and expense shall be limited to 4 (it being understood that there shall be no limit on the number of audits that may be conducted by the Agent or its designee at the expense of the Agent or the Banks, or at the Borrowers' sole expense after the occurrence of and during the continuation of an Event of Default); (b) after the occurrence and during the continuation of a Default or an Event of Default, conduct one or more environmental audits of the Real Properties or of any real property hereafter acquired or leased by either of the Borrowers, and of the Borrowers' operations, books and records; (c) appraise the value of any of the Collateral, provided that prior to the occurrence of an Event of Default, the Agent or its designee may conduct in each fiscal year only one appraisal at the sole expense of the Borrowers (it being understood that there shall be no limit on the number of appraisals that may be conducted at the expense of the Agent or the Banks, or by the Agent or its designee at the Borrowers' sole expense after the occurrence and during the continuation of an Event of Default); (d) examine and make copies of and take abstracts from the books and records of any of the Borrowers, and (e) discuss the affairs, finances and accounts of any of the Borrowers with its appropriate officers, employees and accountants. In handling such information the Agent and the Banks shall exercise the same degree of care that each exercises with respect to its own proprietary information of the same types to maintain the confidentiality of any non-public information thereby received, except that disclosure of such information may be made (i) to the subsidiaries or affiliates of the Agent or any Bank in connection with their present or prospective business relations with the Borrower, (ii) to prospective transferees or purchasers of an interest in the Revolving Loans, (iii) as required...
Inspection by the Agent. The Borrowers will permit the Agent or its designees, at any reasonable time during normal business hours and from time to time, to visit and inspect the properties of the Borrowers and their Subsidiaries, if any, to examine and make copies of and take abstracts from the books and records of the Borrowers and any Subsidiaries and to discuss the affairs, finances and accounts of the Borrowers and any Subsidiaries with appropriate officers. Without in any way limiting the foregoing, the Borrowers understand that the Agent intends to conduct field audits of the Borrowers at least three (3) times per year. The Borrowers shall also permit the Agent to arrange for verification of Accounts Receivable, under reasonable procedures, directly with account debtors or by other methods.
Inspection by the Agent. Each member of the Borrower Affiliated Group shall permit the Banks, through the Agent or the Agent's designee, at any reasonable time and from time to time, to (i) visit and inspect the properties (including the Real Properties) of each member of the Borrower Affiliated Group, (ii) conduct commercial finance examinations of each member of the Borrower Affiliated Group, (iii) examine and make copies of and take abstracts from the books and records of each member of the Borrower Affiliated Group, and (iv) discuss the affairs, finances and accounts of each member of the Borrower Affiliated Group with its appropriate officers, employees and accountants. In handling such information the Agent and the Banks shall exercise the same degree of care that each exercises with respect to its own proprietary information of the same types so as to maintain the confidentiality of any non-public information thereby received, except that disclosure of such information may be made (i) to the subsidiaries or affiliates of the Agent or any Bank in connection with their present or prospective business relations with any member of the Borrower Affiliated Group, (ii) to prospective transferees or purchasers of an interest in the Loans, (iii) as required by law, regulation, rule or order, subpoena, judicial order or similar order, (iv) as may be required in connection with the examination, audit or similar investigation of the Agent or any Bank and (v) to legal counsel to the Agent and the Banks in connection with their representation of the Agent and the Banks under the Security Documents and the transactions contemplated thereby.
Inspection by the Agent. The Borrowers will permit the Agent or its designees, to visit and inspect the properties of the Borrowers and their Subsidiaries, to examine and make copies of and take abstracts from the books and records of the Borrowers and any Subsidiaries, at Borrowers' expense, and to discuss the affairs, finances, assets, eligible collateral and accounts of the Borrowers and any Subsidiaries with appropriate officers, all as determined by Agent in its sole discretion. The Borrowers shall also permit the Agent to arrange for verification of Accounts Receivable, under reasonable procedures, directly with account debtors or by other methods."
Inspection by the Agent. The Agent shall have the right, but not the obligation, to enter the premises on which the Collateral is located for the purpose of inspecting the Collateral at any reasonable times and intervals.
Inspection by the Agent. Each Borrower will permit representatives of the Agent, at the request of any Bank to inspect the property and books and records of such Borrower and to make extracts therefrom and to discuss the affairs of each Borrower with its officers, directors, employees and accountants at all reasonable times during normal business hours and, except after the occurrence of an Event of Default, upon reasonable prior notice from the Agent. After the occurrence and during the continuance of an Event of Default, the Borrowers agree to reimburse the Agent for all reasonable out-of-pocket costs and expenses incurred in connection with any such inspection.
