Common use of Inspection; Lender Meeting Clause in Contracts

Inspection; Lender Meeting. So long as an Event of Default has occurred and is continuing, each Credit Party shall permit any authorized representatives of Agent to visit, audit and inspect any of the properties of such Credit Party and its Subsidiaries, including its and their financial and accounting records, and to make copies and take extracts therefrom, and to discuss its and their affairs, finances and business with its and their officers and certified public accountants, at such reasonable times during normal business hours; provided, Agent shall not conduct more than one collateral audit per year. Representatives of each Lender will be permitted to accompany representatives of Agent during each visit, inspection and discussion referred to in the immediately preceding sentence. Without in any way limiting the foregoing, each Credit Party will participate and will cause key management personnel of the Credit Parties to participate in a meeting with Agent and Lenders at least once during each year, which meeting shall be held at such time and such place as may be reasonably requested by Agent and reasonably agreed to by Credit Parties.

Appears in 2 contracts

Samples: Credit Agreement (Atlantis Plastics Inc), Second Lien Credit Agreement (Atlantis Plastics Inc)

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Inspection; Lender Meeting. So long as an Event of Default has occurred and is continuing, each Each Credit Party shall permit any authorized representatives of Agent to visit, audit and inspect any of the properties of such Credit Party and its Subsidiaries, including its and their financial and accounting records, and to make copies and take extracts therefrom, and to discuss its and their affairs, finances and business with its and their officers and certified public accountants, at such reasonable times during normal business hours; provided, Agent shall not conduct hours and as often as may be reasonably requested (but in no event more than one collateral audit once per yearFiscal Quarter if no Default or Event of Default has occurred and is continuing). Representatives of each Lender will be permitted to accompany representatives of Agent during each visit, inspection and discussion referred to in the immediately preceding sentence. Without in any way limiting the foregoing, each Credit Party will participate and will cause key management personnel of the each Credit Parties Party and its Subsidiaries to participate in a meeting with Agent and Lenders at least once during each year, which meeting shall be held at such time and such place as may be reasonably requested by Agent, provided that Agent and reasonably agreed shall in good faith endeavor to by select times that do not unreasonably interfere with the conduct of business of the Credit Parties.

Appears in 2 contracts

Samples: Credit Agreement (Osullivan Industries Inc), Credit Agreement (Osullivan Industries Holdings Inc)

Inspection; Lender Meeting. So long as an Event of Default has occurred and is continuing, each Each Credit Party shall permit any authorized representatives of Agent to visit, audit and inspect any of the properties of such Credit Party and its SubsidiariesParty, including its and their financial and accounting records, and to make copies and take extracts therefrom, and to discuss its and their affairs, finances and business with its and their officers and certified public accountantsofficers, at such reasonable times during normal business hours; provided, Agent which visits, audits and inspections, unless an Event of Default has occurred and is continuing, shall be made upon reasonable prior notice to such Credit Party and which shall not conduct be conducted more than one collateral audit per yeartwice during any twelve consecutive month period. Representatives of each Lender will be permitted to accompany representatives of Agent during each visit, inspection and discussion referred to in the immediately preceding sentence. Without in any way limiting the foregoing, each Credit Party will participate and will cause key management personnel of the each Credit Parties Party to participate in a meeting with Agent and Lenders at least once during each year, which meeting shall be held at such time and such place as may be reasonably requested by Agent and reasonably agreed to approved by Credit Partiesthe Borrower, which approval shall not be unreasonably withheld, conditioned or delayed by Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Playtex Products Inc), Credit Agreement (Playtex Products Inc)

Inspection; Lender Meeting. So long as an Event of Default has occurred and is continuing, each Each Credit Party shall permit any authorized representatives of Agent to visit, audit and inspect any of the properties of such Credit Party and its Subsidiaries, including its and their financial and accounting records, and to make copies and take extracts therefrom, and to discuss its and their affairs, finances and business with its and their officers and certified public accountants, at such reasonable times during normal business hourshours and as often as may be reasonably requested; provided, that so long as no Event of Default has occurred and is continuing, Agent shall not conduct more than one collateral audit per year. Representatives of each Lender will be permitted to accompany representatives of Agent during each visit, inspection and discussion referred to in the immediately preceding sentence. Without in any way limiting the foregoing, each Credit Party will participate and will cause key management personnel of the Credit Parties to participate in a meeting with Agent and Lenders at least once during each year, which meeting shall be held at such time and such place as may be reasonably requested by Agent and reasonably agreed to by Credit Parties.

Appears in 1 contract

Samples: Credit Agreement (Atlantis Plastics Inc)

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Inspection; Lender Meeting. So long as an Event of Default has occurred and is continuing, each Credit Party Each Borrower shall permit any -------------------------- authorized representatives of Agent to visit, audit visit and inspect any of the properties of such Credit Party and Borrower or any of its Subsidiaries, including its and their financial and accounting records, and to make copies and take extracts therefrom, and to discuss its and their affairs, finances and business with its and their officers and certified public accountants, at such reasonable times during normal business hours; provided, Agent shall not conduct more than one collateral audit per yearas often as may be reasonably requested and, provided no Default or Event of Default has occurred and is continuing, upon reasonable prior notice. Representatives of each Lender will be permitted to accompany representatives of Agent during each visit, inspection and discussion referred to in the immediately preceding sentence. Without in any way limiting the foregoing, each Credit Party Borrower will participate and will cause its key management personnel of the Credit Parties to participate in a meeting with Agent and Lenders at least once during each year, which meeting shall be held at such time and such place as may be reasonably requested by Agent and reasonably agreed to by Credit PartiesAgent.

Appears in 1 contract

Samples: Credit Agreement (Opinion Research Corp)

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