Common use of Inspection of Properties and Books Etc Clause in Contracts

Inspection of Properties and Books Etc. The Borrower shall permit the Lenders, through the Administrative Agent or any of the Lenders’ other designated representatives, no more frequently than once each calendar year, or more frequently as determined by the Lenders upon the occurrence and during the continuance of an Event of Default, to visit and inspect any of the properties of the Borrower or any of its Subsidiaries, and each such inspection, if no Event of Default has occurred and is continuing, shall be at the Lenders’ expense. The Borrower shall also permit the Lenders, through the Administrative Agent or any of the Lenders’ other designated representatives, to examine the books of account of the Borrower and its Subsidiaries (and to make copies thereof and extracts therefrom), and to discuss the affairs, finances and accounts of the Borrower and its Subsidiaries with, and to be advised as to the same by, its and their officers, all at such reasonable times and intervals as the Administrative Agent or any Lender may reasonably request. The Borrower authorizes the Administrative Agent and, if accompanied by the Administrative Agent, the Lenders to communicate directly with the Borrower’s independent certified public accountants and authorizes such accountants to disclose to the Administrative Agent and the Lenders any and all financial statements and other supporting financial documents and schedules with respect to the business, financial condition and other affairs of the Borrower or any of its Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Staples Inc), Revolving Credit Agreement (Staples Inc), Credit Agreement (Staples Inc)

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Inspection of Properties and Books Etc. The Borrower shall permit the LendersBanks, through the Administrative Agent or any of the Lenders’ Banks' other designated representatives, no more frequently than once each calendar year, or more frequently as determined by the Lenders Banks upon the occurrence and during the continuance of an Event of Default, to visit and inspect any of the properties of the Borrower or any of its Subsidiaries, and each such inspection, if no Event of Default has occurred and is continuing, shall be at the Lenders’ Banks' expense. The Borrower shall also permit the LendersBanks, through the Administrative Agent or any of the Lenders’ Banks' other designated representatives, to examine the books of account of the Borrower and its Subsidiaries (and to make copies thereof and extracts therefrom), and to discuss the affairs, finances and accounts of the Borrower and its Subsidiaries with, and to be advised as to the same by, its and their officers, all at such reasonable times and intervals as the Administrative Agent or any Lender Bank may reasonably request. The Borrower authorizes the Administrative Agent and, if accompanied by the Administrative Agent, the Lenders Banks to communicate directly with the Borrower’s 's independent certified public accountants and authorizes such accountants to disclose to the Administrative Agent and the Lenders Banks any and all financial statements and other supporting financial documents and schedules with respect to the business, financial condition and other affairs of the Borrower or any of its Subsidiaries.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Staples Inc), Revolving Credit Agreement (Staples Inc), Revolving Credit Agreement (Staples Inc)

Inspection of Properties and Books Etc. The Borrower shall permit the Lenders, through the Administrative Agent or any of the Lenders' other designated representatives, no more frequently than once each calendar year, or more frequently as determined by the Lenders upon the occurrence and during the continuance of an Event of Default, to visit and inspect any of the properties of the Borrower or any of its Subsidiaries, and each such inspection, if no Event of Default has occurred and is continuing, shall be at the Lenders' expense. The Borrower shall also permit the Lenders, through the Administrative Agent or any of the Lenders' other designated representatives, to examine the books of account of the Borrower and its Subsidiaries (and to make copies thereof and extracts therefrom), and to discuss the affairs, finances and accounts of the Borrower and its Subsidiaries with, and to be advised as to the same by, its and their officers, all at such reasonable times and intervals as the Administrative Agent or any Lender may reasonably request. The Borrower authorizes the Administrative Agent and, if accompanied by the Administrative Agent, the Lenders to communicate directly with the Borrower’s 's independent certified public accountants and authorizes such accountants to disclose to the Administrative Agent and the Lenders any and all financial statements and other supporting financial documents and schedules with respect to the business, financial condition and other affairs of the Borrower or any of its Subsidiaries.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Staples Inc), Day Term Loan Agreement (Staples Inc)

Inspection of Properties and Books Etc. The Borrower shall permit the Lenders, through the Administrative Agent or any of the Lenders’ other designated representatives, no more frequently than once each calendar year, or more frequently as determined by the Administrative Agent and the Lenders upon the occurrence and during the continuance of an Event of Default, to visit and inspect any of the properties of the Borrower or any of its Subsidiaries, and each such inspection, if no Event of Default has occurred and is continuing, shall be at the Lenders’ expense. The Borrower shall also permit the Lenders, 47438543.7 through the Administrative Agent or any of the Lenders’ other designated representatives, to examine the books of account of the Borrower and its Subsidiaries (and to make copies thereof and extracts therefrom), and to discuss the affairs, finances and accounts of the Borrower and its Subsidiaries with, and to be advised as to the same by, its and their officers, all at such reasonable times and intervals no more frequently than once each calendar year, or more frequently as determined by the Administrative Agent or any Lender may reasonably requestand the Lenders upon the occurrence and during the continuance of an Event of Default. The Borrower authorizes (a) the Administrative Agent and, if accompanied by the Administrative Agent, the Lenders Lenders, in each case with reasonable prior notice to the Borrower, to communicate directly with the Borrower’s independent certified public accountants accountants, provided that the Borrower may participate in such communications at its request, and authorizes (b) such accountants to disclose to the Administrative Agent and the Lenders any and all financial statements and other supporting financial documents and schedules with respect to the business, financial condition and other affairs of the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Staples Inc)

Inspection of Properties and Books Etc. The Borrower shall permit the Lenders, through the Administrative Agent or any of the Lenders’ other designated representatives, no more frequently than once each calendar year, or more frequently as determined by the Lenders upon the occurrence and during the continuance of an Event of Default, to visit and inspect any of the properties of the Borrower or any of its Subsidiaries, and each such inspection, if no Event of Default has occurred and is continuing, shall be at the Lenders’ expense. The Borrower shall also permit the Lenders, through the Administrative Agent or any of the Lenders’ other designated representatives, to examine the books of account of the Borrower and its Subsidiaries (and to make copies thereof and extracts therefrom), and to discuss the affairs, finances and accounts of the Borrower and its Subsidiaries with, and to be advised as to the same by, its and their officers, all at such reasonable times and intervals as the Administrative Agent or any Lender may reasonably request. The Borrower authorizes (a) the Administrative Agent and, if accompanied by the Administrative Agent, the Lenders Lenders, in each case with reasonable prior notice to the Borrower, to communicate directly with the Borrower’s independent certified public accountants accountants, provided that the Borrower may participate in such communications at its request, and authorizes (b) such accountants to disclose to the Administrative Agent and the Lenders any and all financial statements and other supporting financial documents and schedules with respect to the business, financial condition and other affairs of the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Staples Inc)

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Inspection of Properties and Books Etc. Senior Lender and its representatives (including any appraisers, counsel, auditors and accountants selected by Senior Lender) shall at all times have, upon five (5) days' prior notice (unless an Event of Default has occurred and is continuing in which case no notice shall be required), full and free access during normal business hours to, and the right to make inspections of, all facilities of any Borrower and any Subsidiary or Affiliate and to all Books and Records of all such Persons. The Borrower Borrowers shall permit not be required to reimburse the LendersSenior Lender for more than $10,000 per year for fees and expenses related to such inspections, through the Administrative Agent or any of the Lenders’ other designated representatives, and Senior Lender agrees to conduct no more frequently than once each four (4) inspections during any calendar year, or more frequently each so long as determined by the Lenders upon the occurrence and during the continuance of an Event of Default, to visit and inspect any of the properties of the Borrower or any of its Subsidiaries, and each such inspection, if no Event of Default has occurred and is continuing. Senior Lender and its representatives may examine the same, shall be take extracts therefrom and make photocopies and abstracts thereof, and Borrowers agree to render to Senior Lender or its representatives, at the Lenders’ expensecost and expense of Borrowers, such clerical and other assistance as may be reasonably requested with regard thereto. The Borrower Borrowers and any Affiliate shall also permit Senior Lender or its representatives to discuss matters relating to the LendersReceivables, through the Administrative Agent any other item of Collateral or Borrowers' performance hereunder or under any relevant contracts or Requirements of Law with any of the Lenders’ other designated representatives, to examine the books of account of the Borrower and its Subsidiaries (and to make copies thereof and extracts therefrom), and to discuss the affairs, finances and accounts of the Borrower and its Subsidiaries with, and to be advised as to the same by, its and or their officers, all at employees, agents and independent accountants having knowledge of such reasonable times and intervals as the Administrative Agent or any Lender may reasonably requestmatters. The Borrower authorizes the Administrative Agent andBorrowers also hereby grant Senior Lender, if accompanied by the Administrative Agent, the Lenders to communicate directly with the Borrower’s independent certified public accountants and authorizes such accountants to disclose to the Administrative Agent and the Lenders any and fullest extent permitted by applicable Requirements of Law, access to all financial statements and other supporting financial documents and schedules records with respect to such Borrower and any Affiliate of such Borrower and the businessCollateral maintained by any Governmental Authority, financial condition including the right to meet with representatives of such Governmental Authorities and other affairs to inspect and make copies or abstracts of the Borrower or any of its Subsidiariessuch records.

Appears in 1 contract

Samples: Loan and Security Agreement (LHC Group, Inc)

Inspection of Properties and Books Etc. The Borrower shall permit the Lenders, through the Administrative Agent or any of the Lenders’ other designated representatives, no more frequently than once each calendar year, or more frequently as determined by the Administrative Agent and the Lenders upon the occurrence and during the continuance of an Event of Default, to visit and inspect any of the properties of the Borrower or any of its Subsidiaries, and each such inspection, if no Event of Default has occurred and is continuing, shall be at the Lenders’ expense. The Borrower shall also permit the Lenders, through the Administrative Agent or any of the Lenders’ other designated representatives, to examine the books of account of the Borrower and its Subsidiaries (and to make copies thereof and extracts therefrom), and to discuss the affairs, finances and accounts of the Borrower and its Subsidiaries with, and to be advised as to the same by, its and their officers, all at such reasonable times and intervals no more frequently than once each calendar year, or more frequently as determined by the Administrative Agent or any Lender may reasonably requestand the Lenders upon the occurrence and during the continuance of an Event of Default. The Borrower authorizes (a) the Administrative Agent and, if accompanied by the Administrative Agent, the Lenders Lenders, in each case with reasonable prior notice to the Borrower, to communicate directly with the Borrower’s independent certified public accountants accountants, provided that the Borrower may participate in such communications at its request, and authorizes (b) such accountants to disclose to the Administrative Agent and the Lenders any and all financial statements and other supporting financial documents and schedules with respect to the business, financial condition and other affairs of the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Staples Inc)

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