Common use of Inspection of Collateral and Records Clause in Contracts

Inspection of Collateral and Records. During usual business hours, Lender may inspect and examine the Collateral and check and test the same as to quality, quantity, value and condition and Borrower shall reimburse Lender for its reasonable costs and expenses in so doing. Lender also has the right at any time or times hereafter, during usual business hours to inspect and verify Borrower's Books in order to verify the amount or condition of, or any other matter relating to, the Collateral and Borrower's financial condition and to copy and make extracts therefrom. Borrower waives the right to assert a confidential relationship, if any, it may have with any accounting firm or service bureau in connection with any information requested by Lender pursuant to this Agreement. Lender may directly contact any such accounting firm or service bureau in order to obtain such information.

Appears in 6 contracts

Samples: Loan and Security Agreement (Physician Health Corp), Loan and Security Agreement (Physician Health Corp), Loan and Security Agreement (Physician Health Corp)

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