Common use of Inspection of Premises; Appraisals Clause in Contracts

Inspection of Premises; Appraisals. At all reasonable times and upon prior notice to the applicable Grantor if no Event of Default has occurred and is continuing, Agent and each Lender (at such Lender’s sole expense) shall have full access to and the right to audit, check, inspect and make abstracts and copies from each Grantor’s books, records, audits, correspondence and all other papers relating to the Collateral and the operation of such Grantor’s business. Agent, any Lender (at such Lender’s sole expense) and their agents may enter upon any premises of any Grantor at any time during business hours and at any other reasonable time, and from time to time, for the purpose of inspecting the Collateral and any and all records pertaining thereto and the operation of any Grantor’s business. Further, at such times as Agent deems advisable or necessary, Agent shall cause to be conducted an appraisal of the Inventory of any Grantor and/or a field examination of any Grantor; provided that the Grantors shall be responsible for the expense of any such appraisal and/or field examination no more than (i) one (1) time per year with respect to the Grantors’ Inventory, and (ii) one (1) time per year with respect to field examinations, unless in any case an Event of Default has occurred and is continuing, in which event no such frequency limitation shall apply and the Grantors shall be responsible for any expenses associated with any and all appraisals and field examinations conducted pursuant to this Section 4.10.

Inspection of Premises; Appraisals. At all reasonable times and upon prior notice to the applicable Grantor Borrower if no Event of Default has occurred and is continuing, Agent and each Lender (at such Lender’s 's sole expense) shall have full access to and the right to audit, check, inspect and make abstracts and copies from each Grantor’s the Borrower's books, records, audits, correspondence and all other papers relating to the Collateral and the operation of such Grantor’s the Borrower's business. Agent, any Lender (at such Lender’s 's sole expense) and their agents may enter upon any premises of any Grantor the Borrower at any time during business hours and at any other reasonable time, and from time to time, for the purpose of inspecting the Collateral and any and all records pertaining thereto and the operation of any Grantor’s the Borrower's business. Further, at such times as Agent deems advisable or necessary, Agent shall cause to be conducted an appraisal of the Inventory of any Grantor the Borrower and/or a field examination of any Grantorthe Borrower; provided that the Grantors Borrower shall be responsible for the expense of any such appraisal and/or field examination no more than (i) one (1) time per year with respect to the Grantors’ Borrower's Inventory, and (ii) one (1) time per year with respect to field examinations, unless in any case an Event of Default has occurred and is continuing, in which event no such frequency limitation shall apply and the Grantors Borrower shall be responsible for any expenses associated with any and all appraisals and field examinations conducted pursuant to this Section 4.10.