Common use of Inspection; Keeping of Books and Records Clause in Contracts

Inspection; Keeping of Books and Records. Each Borrower will, and will cause each of its Subsidiaries to, permit the Agent and the Lenders, by their respective representatives and agents, to inspect any of the Property, books and financial records of such Borrower and each of its Subsidiaries, to examine and make copies of the books of accounts and other financial records of such Borrower and each of its Subsidiaries, and to discuss the affairs, finances and accounts of such Borrower and each of its Subsidiaries with, and to be advised as to the same by, their respective officers at such reasonable times and intervals as the Agent or any Lender may designate. Each Borrower shall keep and maintain, and cause each of its Subsidiaries to keep and maintain, in all material respects, proper books of record and account in which entries in conformity with Agreement Accounting Principles shall be made of all dealings and transactions in relation to their respective businesses and activities. If a Default with respect to a Borrower has occurred and is continuing, such Borrower, upon the Agent’s request, shall turn over copies of any such records to the Agent or its representatives.

Appears in 8 contracts

Samples: Credit Agreement (Ameren Energy Generating Co), Credit Agreement (Central Illinois Public Service Co), Credit Agreement (Amerenenergy Generating Co)

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Inspection; Keeping of Books and Records. Each The Borrower will, and ---------------------------------------- will cause each of its Subsidiaries Significant Subsidiary to, permit the Agent Agents and the Lenders, by their respective representatives and agents, to inspect any of the Property, books and financial records of such the Borrower and each of its SubsidiariesSubsidiary, to examine and make copies of the books of accounts and other financial records of such the Borrower and each of its SubsidiariesSignificant Subsidiary, and to discuss the affairs, finances and accounts of such the Borrower and each of its Subsidiaries Significant Subsidiary with, and to be advised as to the same by, their respective officers at such reasonable times and intervals as the any Agent or any Lender may designate. Each The Borrower shall keep and maintain, and cause each of its Significant Subsidiaries to keep and maintain, in all material respects, proper books of record and account in which entries in conformity with Agreement Accounting Principles shall be made of all dealings and transactions in relation to their respective businesses and activities. If a Default with respect to a Borrower has occurred and is continuing, such the Borrower, upon the Administrative Agent’s 's request, shall turn over copies of any such records to the Administrative Agent or its representatives.

Appears in 1 contract

Samples: Day Credit Agreement (Mead Corp)

Inspection; Keeping of Books and Records. Each The Borrower will, and will cause each of its Subsidiaries Subsidiary to, permit the Administrative Agent and the Lenders, by their respective representatives and agents, to inspect any of the Property, including, without limitation, the Collateral, books and financial records of such the Borrower and each of its SubsidiariesSubsidiary, to examine and make copies of the books of accounts and other financial records of such the Borrower and each of its SubsidiariesSubsidiary, and to discuss the affairs, finances and accounts of such the Borrower and each of its Subsidiaries Subsidiary with, and to be advised as to the same by, their respective officers at such reasonable times and intervals as the Administrative Agent or any Lender may designate. Each The Borrower shall keep and maintain, and cause each of its Subsidiaries to keep and maintain, in all material respects, proper books of record and account in which entries in conformity with Agreement Accounting Principles shall be made of all dealings and transactions in relation to their respective businesses and activities. If a Default with respect to a Borrower has occurred and is continuing, such the Borrower, upon the Administrative Agent’s request, shall turn over copies of any such records to the Administrative Agent or its representatives.

Appears in 1 contract

Samples: Credit Agreement (Abx Air Inc)

Inspection; Keeping of Books and Records. Each The Borrower will, and will ---------------------------------------- cause each of its Subsidiaries Significant Subsidiary to, permit the Agent Agents and the Lenders, by their respective representatives and agents, to inspect any of the Property, books and financial records of such the Borrower and each of its SubsidiariesSubsidiary, to examine and make copies of the books of accounts and other financial records of such the Borrower and each of its SubsidiariesSignificant Subsidiary, and to discuss the affairs, finances and accounts of such the Borrower and each of its Subsidiaries Significant Subsidiary with, and to be advised as to the same by, their respective officers at such reasonable times and intervals as the any Agent or any Lender may designate. Each The Borrower shall keep and maintain, and cause each of its Significant Subsidiaries to keep and maintain, in all material respects, proper books of record and account in which entries in conformity with Agreement Accounting Principles shall be made of all dealings and transactions in relation to their respective businesses and activities. If a Default with respect to a Borrower has occurred and is continuing, such the Borrower, upon the Administrative Agent’s 's request, shall turn over copies of any such records to the Administrative Agent or its representatives.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mead Corp)

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Inspection; Keeping of Books and Records. Each The Borrower will, and will cause each of its Subsidiaries Subsidiary to, permit the Agent and the LendersAgent, by their its respective representatives and agents, to inspect any of the Property, books and financial records of such the Borrower and each of its SubsidiariesSubsidiary (including all insurance policies), including, without limitation, at least one field exam per calendar year, to examine and make copies of the books of accounts and other financial records of such the Borrower and each of its SubsidiariesSubsidiary, and to discuss the affairs, finances and accounts of such the Borrower and each of its Subsidiaries Subsidiary with, and to be advised as to the same by, their respective officers at such reasonable times and intervals as the Agent or any Lender may designate. Each The Borrower shall keep and maintain, and cause each of its Subsidiaries to keep and maintain, in all material respects, proper books of record and account in which entries in conformity with Agreement Accounting Principles shall be made of all dealings and transactions in relation to their respective businesses and activities. If a Default with respect to a Borrower has occurred and is continuing, such the Borrower, upon the Agent’s request, shall turn over copies of any such records to the Agent or its representativesrepresentatives as the Agent shall reasonably request. The Agent agrees that it shall conduct any such inspection or examination in reasonable accordance with the Borrower’s and its Subsidiaries’ safety policies and procedures and shall not materially interfere with or impair the Borrower’s or its Subsidiaries’ operations.

Appears in 1 contract

Samples: Credit Agreement (Tesoro Corp /New/)

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