Common use of Inspection of Properties and Books Clause in Contracts

Inspection of Properties and Books. Permit the Lenders, through the Administrative Agent or any representative designated by the Administrative Agent, at Borrower’s expense, to visit and inspect any of the properties of the Loan Parties or any of their respective Subsidiaries (subject to the rights of any tenants), to examine the books of account of the Loan Parties and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Loan Parties and their respective Subsidiaries with, and to be advised as to the same by, their Senior Officers, all at such reasonable times (during normal business hours) and intervals as the Administrative Agent or any Lender may reasonably request upon reasonable notice; provided, however, that inspections made at Borrower’s expense shall be limited to once per year, unless an Event of Default shall have occurred and be continuing. The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the interference with and disruption to the Loan Parties’ or such Subsidiaries’ normal business operations.

Appears in 6 contracts

Samples: Unsecured Credit Agreement (BioMed Realty L P), Unsecured Credit Agreement (BioMed Realty Trust Inc), Secured Acquisition and Construction Loan Agreement (BioMed Realty Trust Inc)

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Inspection of Properties and Books. Permit the LendersBanks, through the Administrative Agent or any representative designated by the Administrative Agent, at Borrower’s the Borrowers' expense, to visit and inspect any of the properties of the Loan Parties Borrowers or any of their respective Subsidiaries (subject to the rights of any tenants), to examine the books of account of the Loan Parties Borrowers and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Loan Parties Borrowers and their respective Subsidiaries with, and to be advised as to the same by, their Senior Officers, all at such reasonable times (during normal business hours) and intervals as the Administrative Agent or any Lender Bank may reasonably request upon reasonable notice; provided, however, that inspections made at Borrower’s the Borrowers' expense shall be limited to once per year, unless an Event of Default shall have occurred and be continuing. The Lenders Banks shall use good faith efforts to coordinate such visits and inspections so as to minimize the interference with and disruption to the Loan Parties’ Borrowers' or such Subsidiaries' normal business operations.

Appears in 1 contract

Samples: Revolving Loan Agreement (BioMed Realty Trust Inc)

Inspection of Properties and Books. Permit the Lenders, through the Administrative Agent or any representative designated by the Administrative Agent, at Borrower’s 's expense, to visit and inspect any of the properties of the Loan Parties or any of their respective Subsidiaries (subject to the rights of any tenants), to examine the books of account of the Loan Parties and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Loan Parties and their respective Subsidiaries with, and to be advised as to the same by, their Senior Officers, all at such reasonable times (during normal business hours) and intervals as the Administrative Agent or any Lender may reasonably request upon reasonable notice; provided, however, that inspections made at Borrower’s 's expense shall be limited to once per year, unless an Event of Default shall have occurred and be continuing. The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the interference with and disruption to the Loan Parties' or such Subsidiaries' normal business operations.

Appears in 1 contract

Samples: Secured Term Loan Agreement (BioMed Realty Trust Inc)

Inspection of Properties and Books. Permit the LendersBanks, through the Administrative Agent or any representative designated by the Administrative Agent, at Borrower’s 's expense, to visit and inspect any of the properties of the Loan Parties or any of their respective Subsidiaries (subject to the rights of any tenants), to examine the books of account of the Loan Parties and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Loan Parties and their respective Subsidiaries with, and to be advised as to the same by, their Senior Officers, all at such reasonable times (during normal business hours) and intervals as the Administrative Agent or any Lender Bank may reasonably request upon reasonable notice; provided, however, that inspections made at Borrower’s 's expense shall be limited to once per year, unless an Event of Default shall have occurred and be continuing. The Lenders Banks shall use good faith efforts to coordinate such visits and inspections so as to minimize the interference with and disruption to the Loan Parties' or such Subsidiaries' normal business operations.

Appears in 1 contract

Samples: Unsecured Credit Agreement (BioMed Realty Trust Inc)

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Inspection of Properties and Books. Permit the LendersBanks, through the Administrative Agent or any representative designated by the Administrative Agent, at Borrower’s expense, to visit and inspect any of the properties of the Loan Parties or any of their respective Subsidiaries (subject to the rights of any tenants), to examine the books of account of the Loan Parties and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Loan Parties and their respective Subsidiaries with, and to be advised as to the same by, their Senior Officers, all at such reasonable times (during normal business hours) and intervals as the Administrative Agent or any Lender Bank may reasonably request upon reasonable notice; provided, however, that inspections made at Borrower’s expense shall be limited to once per year, unless an Event of Default shall have occurred and be continuing. The Lenders Banks shall use good faith efforts to coordinate such visits and inspections so as to minimize the interference with and disruption to the Loan Parties’ or such Subsidiaries’ normal business operations.

Appears in 1 contract

Samples: Unsecured Credit Agreement (BioMed Realty Trust Inc)

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