Common use of Inspection of Collateral and Records Clause in Contracts

Inspection of Collateral and Records. Borrower shall permit any person(s) from time to time designated in writing by Lender, at Lender's expense (or at Borrower's expense if a Default exists at the time), to visit and inspect any of the Collateral and Borrower's (or any Permitted Lessee's) records with respect to the Collateral, at such times as Lender reasonably requests, and to discuss Borrower's affairs, finances, and accounts with Borrower's officers. No such inspection shall unreasonably interfere with Borrower's (or any Permitted Lessee's) operations or maintenance. Lender shall have no duty to make any such inspection and shall not incur any liability or obligation by reason of not making any such inspection. Upon Lender's request, Borrower shall promptly notify Lender of the maintenance operations then scheduled on the Aircraft for the six-month period following such request.

Appears in 3 contracts

Samples: Credit Agreement (Asa Holdings Inc), Credit Agreement (Asa Holdings Inc), Credit Agreement (Asa Holdings Inc)

AutoNDA by SimpleDocs

Inspection of Collateral and Records. Borrower shall permit any person(s) from time to time designated in writing by LenderAgent, at Lender's the Lenders' expense (or at Borrower's expense if a Default exists at the time), to visit and inspect any of the Collateral and Borrower's (or any Permitted Lessee's) records with respect to the Collateral, at such times as Lender Agent reasonably requests, and to discuss Borrower's affairs, finances, and accounts with Borrower's officers. No such inspection shall unreasonably interfere with Borrower's (or any Permitted Lessee's) operations or maintenance. Lender Neither the Lenders nor Agent shall have no any duty to make any such inspection inspection, and the Lenders and Agent shall not incur any liability or obligation by reason of not making any such inspection. Upon LenderAgent's request, Borrower shall promptly notify Lender Agent of the maintenance operations then scheduled on the Aircraft for the six-month period following such request.

Appears in 1 contract

Samples: Credit Agreement (Asa Holdings Inc)

AutoNDA by SimpleDocs

Inspection of Collateral and Records. Borrower shall permit any person(s) from time to time designated in writing by LenderAgent, at Lender's the Lenders' expense (or at Borrower's expense if a Default exists at the time), to visit and inspect any of the Collateral and Borrower's (or any Permitted Lessee's) records with respect to the Collateral, at such times as Lender Agent reasonably requests, and to discuss Borrower's affairs, finances, and accounts with Borrower's officers. No such inspection shall unreasonably interfere with Borrower's (or any Permitted Lessee's) operations or maintenance. Lender The Lenders and Agent shall have no duty to make any such inspection and shall not incur any liability or obligation by reason of not making any such inspection. Upon LenderAgent's request, Borrower shall promptly notify Lender Agent of the maintenance operations then scheduled on the Aircraft for the six-month period following such request.

Appears in 1 contract

Samples: Credit Agreement (Asa Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.