Common use of Inspection of Collateral and Records Clause in Contracts

Inspection of Collateral and Records. During Borrower’s usual business hours, the Bank may inspect and examine the Collateral and check and test the same as to quality, quantity, value, and condition. The Bank shall also have the right at any time or times hereafter, during Borrower’s usual business hours or during the usual business hours of any third party having control over the records of the Borrower, to inspect Borrower’s books and records 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 from such books and records. Borrower waives the right to assert a confidential relationship, if any, it may have with any accounting firm in connection with any information requested by the Bank pursuant to this Security Agreement and agrees that the Bank may directly contact any such accounting firm in order to obtain such information.

Appears in 2 contracts

Samples: General Security Agreement (Bioanalytical Systems Inc), General Security Agreement (Bioanalytical Systems Inc)

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Inspection of Collateral and Records. During Borrower’s 's usual business hours, the Bank may inspect and examine the Collateral and check and test the same as to quality, quantity, value, and condition. The Bank shall also have the right at any time or times hereafter, during Borrower’s 's usual business hours or during the usual business hours of any third party having control over the records of the Borrower, to inspect Borrower’s 's books and records in order to verify the amount or condition of, or any other matter relating to, the Collateral and Borrower’s 's financial condition and to copy and make extracts from such books and records. Borrower waives the right to assert a confidential relationship, if any, it may have with any accounting firm in connection with any information requested by the Bank pursuant to this Security Agreement and agrees that the Bank may directly contact any such accounting firm in order to obtain such information.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Enterprises Inc)

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Inspection of Collateral and Records. During Borrower’s 's usual business hourshours with prior reasonable notice, the Bank may inspect and examine the Collateral and check and test the same as to quality, quantity, value, and condition. The Bank shall also have the right at any time or times hereafter, during Borrower’s 's usual business hours or during the usual business hours of any third party having control over the records of the BorrowerBorrower with prior reasonable notice, to inspect Borrower’s 's books and records in order to verify the amount or condition of, or any other matter relating to, the Collateral and Borrower’s 's financial condition and to copy and make extracts from such books and records. Borrower waives the right to assert a confidential relationship, if any, it may have with any accounting firm in connection with any information requested by the Bank pursuant to this Security Agreement and agrees that the Bank may directly contact any such accounting firm in order to obtain such information.

Appears in 1 contract

Samples: General Security Agreement (Amcast Industrial Corp)

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