Common use of Inspection of Property and Books and Records Clause in Contracts

Inspection of Property and Books and Records. The Borrower shall maintain, and shall cause each of its Subsidiaries to maintain, proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower and such Subsidiary. The Borrower shall permit, and shall cause each of its Subsidiaries to permit, representatives and independent contractors of any Agents or any Bank to visit and inspect any of their respective properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at the expense of the Agent or Bank causing such inspection and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Borrower; provided, however, that when an Event of Default exists either of the Agents or any Bank may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice.

Appears in 3 contracts

Samples: Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp)

AutoNDA by SimpleDocs

Inspection of Property and Books and Records. The Borrower Company shall maintain, and shall cause each of its Subsidiaries to maintain, proper books of record and account, in which full, true and correct entries in conformity with GAAP the generally accepted principles of accounting applicable to the Company or such Subsidiary consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Company and such SubsidiarySubsidiaries. The Borrower shall Company will permit, and shall will cause each of its Subsidiaries to permit, representatives and independent contractors of any Agents the Agent or any Bank to visit and inspect any of their respective propertiesfacilities or properties which any of them may own, lease, manage or control, to examine their respective corporate, financial and operating records, records and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, employees and independent public accountants, all at the reasonable expense of the Agent or Bank causing such inspection Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; provided, however, that when after the occurrence and during the continuation of an Event of Default exists either of Default, the Agents Agent or any Bank may do any of the foregoing visit and inspect at the expense of the Borrower Company such properties at any time during normal business hours and without advance notice.

Appears in 3 contracts

Samples: Master Pledge Agreement (Willbros Group Inc), Assignment and Assumption Agreement (Willbros Group Inc), Credit Agreement (Willbros Group Inc)

Inspection of Property and Books and Records. The Borrower shall maintainCompany and each Guarantor shall, and shall cause each of its respective Subsidiaries to maintainto, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Company and such SubsidiarySubsidiaries. The Borrower shall permitCompany and each Guarantor shall, and shall cause each of its respective Subsidiaries to permitto, permit representatives and independent contractors of any Agents the Administrative Agent or any Bank Lender to visit and inspect any of their respective propertiesProperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Agent or Bank causing such inspection Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; provided, however, that when an Event of Default exists either of the Agents Administrative Agent or any Bank Lender may do any of the foregoing at the expense of the Borrower Company at any time during normal business hours and without advance notice.

Appears in 3 contracts

Samples: Term Loan Agreement (Venoco, Inc.), Term Loan Agreement (Venoco, Inc.), Credit Agreement (Venoco, Inc.)

Inspection of Property and Books and Records. The Borrower Company shall maintain, maintain and shall cause each of its Subsidiaries Subsidiary to maintain, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Company and such Subsidiary. The Borrower Company shall permit, and shall cause each of its Subsidiaries Subsidiary to permit, representatives and independent contractors of any Agents or any the Bank to visit and inspect any of their respective properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officersResponsible Officers, and independent public accountantsaccountants (at which discussions the Company's representatives may be present unless a Default has occurred and is continuing), all at the expense of the Agent or Bank causing such inspection and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; provided, however, that when an Event of a Default exists either of the Agents or any Bank may do any of the foregoing at the expense of the Borrower Company at any time during normal business hours and without advance notice.

Appears in 2 contracts

Samples: Credit Agreement (Zenith National Insurance Corp), Credit Agreement (Zenith National Insurance Corp)

Inspection of Property and Books and Records. The Borrower Company shall maintain, maintain and shall cause each of its Subsidiaries Subsidiary to maintain, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Company and such Subsidiary. The Borrower Company shall permit, and shall cause each of its Subsidiaries Subsidiary to permit, representatives and independent contractors of any Agents the Administrative Agent or any Bank Lender at the expense of the Administrative Agent or Lender, as the case may be, to visit and inspect any of their respective properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at the expense of the Agent or Bank causing such inspection and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; provided, however, that when an Event of Default exists either of the Agents Administrative Agent or any Bank Lender may do any of the foregoing at the expense of the Borrower Company at any time during normal business hours and without advance notice, otherwise the expenses of only one field audit by the Administrative Agent per year shall be paid by the Company.

Appears in 2 contracts

Samples: Credit Agreement (Nebco Evans Holding Co), Credit Agreement (Ameriserve Transportation Inc)

Inspection of Property and Books and Records. The Borrower shall maintain, maintain and shall cause each of its Subsidiaries to maintain, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP (or statutory accounting principles which are converted to GAAP) consistently applied shall be made of all financial transactions and matters involving the respective assets and business of the Borrower and such SubsidiarySubsidiaries. The Borrower shall permit, and shall cause each of its Subsidiaries to permit, representatives and independent contractors of any Agents the Administrative Agent or any Bank Lender to visit and inspect any of their respective propertiesProperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at the expense of the Agent or Bank causing such inspection and accountants at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Borrower; provided, however, that when a Default or an Event of Default exists either of the Agents Administrative Agent or any Bank Lender may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice.

Appears in 2 contracts

Samples: Credit Agreement (Healthcare Compare Corp/De/), Credit Agreement (Healthcare Compare Corp/De/)

Inspection of Property and Books and Records. The Borrower Company shall maintain, maintain and shall cause each of its Restricted Subsidiaries to maintain, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Company and such SubsidiaryRestricted Subsidiaries. The Borrower Company shall permit, and shall cause each of its Restricted Subsidiaries to permit, representatives and independent contractors of any Agents the Administrative Agent or any Bank to visit and inspect any of their respective propertiesProperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at the expense of the Agent or Bank causing such inspection and accountants at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; provided, however, that when an Event of Default exists either of has occurred and is continuing the Agents Administrative Agent or any Bank may do any of the foregoing at the expense of the Borrower Company at any time during normal business hours and without advance notice.

Appears in 2 contracts

Samples: Reducing Revolving Credit Agreement (Cinemark Usa Inc /Tx), Reducing Revolving Credit Agreement (Cinemark Usa Inc /Tx)

Inspection of Property and Books and Records. The Borrower Company shall maintain, maintain and shall cause each of its Subsidiaries Subsidiary to maintain, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Company and such Subsidiary. The Borrower Company shall permit, and shall cause each of its Subsidiaries Subsidiary to permit, representatives and independent contractors of any Agents the Agent or any Bank to visit and inspect any of their respective properties, to examine and audit their respective corporate, financial and operating recordsrecords (including, without limitation, any information relating to calculations in any Borrowing Base Certificate), and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at the expense of the Agent or Bank causing such inspection Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; provided, however, that when an Event of Default exists either of the Agents Agent or any Bank may do any of the foregoing at the expense of the Borrower Company at any time during normal business hours and without advance notice.

Appears in 1 contract

Samples: Security Agreement (California Microwave Inc)

Inspection of Property and Books and Records. The Borrower Company shall maintain, maintain and shall cause each of its Subsidiaries Subsidiary to maintain, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP GAAP, or applicable accounting procedures related to foreign Material Subsidiaries, consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Company and such Subsidiary. The Borrower Company shall permit, and shall cause each of its Subsidiaries Subsidiary to permit, representatives and independent contractors of any Agents or the Agent and representatives of any Bank to visit and inspect any of their respective properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and and, in the presence of the Company if the Company shall so request, independent public accountants, all at the expense of the Agent or Bank causing such inspection Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; provided, however, that when an Event of Default exists either of the Agents Agent or any Bank may do any of the foregoing at the expense of the Borrower Company at any time during normal business hours and without advance notice.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Briggs & Stratton Corp)

Inspection of Property and Books and Records. The Borrower Parent shall maintain, and shall cause each of its Subsidiaries to maintain, proper books of record and account, in which full, true and correct entries in conformity with GAAP or SAP, as applicable, consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Parent and each such Subsidiary. The Borrower Parent shall permit, and shall cause each of its Subsidiaries to permit, representatives and independent contractors of any Agents the Administrative Agent or any Bank to visit and inspect any of their respective properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at the expense of the Agent applicable Person if a Default or Bank causing such inspection Event of Default has occurred and is continuing and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Borrowerapplicable Person; provided, however, that when an Event of Default or Default exists either of the Agents Administrative Agent or any Bank may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice.

Appears in 1 contract

Samples: Credit Agreement (Phoenix Companies Inc/De)

AutoNDA by SimpleDocs

Inspection of Property and Books and Records. The Borrower Company shall maintain, maintain and shall cause each of its Subsidiaries Subsidiary to maintain, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP GAAP, or applicable accounting procedures related to foreign Material Subsidiaries, consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Company and such Subsidiary. The Borrower Company shall permit, and shall cause each of its Subsidiaries Subsidiary to permit, representatives and independent contractors of any Agents or the Administrative Agent and representatives of any Bank to visit and inspect any of their respective properties, to examine their respective corporateorganizational, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and and, in the presence of the Company if the Company shall so request, independent public accountants, all at the expense of the Agent or Bank causing such inspection Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; provided, however, that when an Event of Default exists either of the Agents Administrative Agent or any Bank may do any of the foregoing at the expense of the Borrower Company at any time during normal business hours and without advance notice.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Briggs & Stratton Corp)

Inspection of Property and Books and Records. The Borrower shall maintainCompany shall, and shall cause each of its Subsidiaries to maintainto, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Company and such SubsidiaryGuarantor. The Borrower shall permitCompany and each Guarantor shall, and shall cause each of its their Subsidiaries to to, permit, representatives and independent contractors of any Agents the Administrative Agent or any Bank to visit and inspect any of their respective properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at the expense of the Agent or Bank causing such inspection Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; provided, however, that when an Event of Default exists either of the Agents Administrative Agent or any Bank may do any of the foregoing at the expense of the Borrower Company at any time during normal business hours and without advance notice.

Appears in 1 contract

Samples: Credit Agreement (Giant Industries Inc)

Inspection of Property and Books and Records. The Borrower Guarantor and the Company shall maintain, and shall cause each of its their respective Subsidiaries to maintain, proper books of record and account, in which full, true and correct entries in conformity with GAAP or SAP, as applicable, consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Guarantor, the Company and such Subsidiary. The Borrower Guarantor and the Company shall permit, and shall cause each of its their respective Subsidiaries to permit, representatives and independent contractors of any Agents the Administrative Agent or any Bank to visit and inspect any of their respective properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at the expense of the Agent or Bank causing such inspection Guarantor and the Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; provided, however, that when an Event of Default or Default exists either of the Agents Administrative Agent or any Bank may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice.

Appears in 1 contract

Samples: Credit Agreement (Phoenix Companies Inc/De)

Inspection of Property and Books and Records. The Borrower Company shall maintain, maintain and shall cause each of its Subsidiaries consolidated Subsidiary to maintain, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP or SAP, as applicable, consistently applied (except for changes in which the Independent Auditor concurs) shall be made of all financial transactions and matters involving the assets and business of the Borrower Company and such consolidated Subsidiary. The Borrower Company shall permit, and shall cause each of its Subsidiaries Insurance Subsidiary to permit, representatives and independent contractors of any Agents the Agent or any Bank to visit and inspect any of their respective properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at the expense of the Agent or Bank causing such inspection Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; provided, however, that when an Event of Default exists either of the Agents Agent or any Bank may do any of the foregoing at the expense of the Borrower Company at any time during normal business hours and without advance notice.

Appears in 1 contract

Samples: Credit Agreement (Berkley W R Corp)

Inspection of Property and Books and Records. The Borrower Company shall maintain, maintain and shall cause each of its Subsidiaries Subsidiary to maintain, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Company and such Subsidiary. The Borrower Company shall permit, and shall cause Mexican Borrower, Canadian Borrower and each of its Subsidiaries other Subsidiary to permit, representatives and independent contractors of any Agents the Agent or any Bank Lender to visit and inspect any of their respective properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at the expense of the Agent or Bank causing such inspection Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; providedPROVIDED, howeverHOWEVER, that when an Event of Default exists either of exists, the Agents Agent or any Bank Lender may do any of the foregoing at the expense of the Borrower Company at any time during normal business hours and without advance notice; PROVIDED, FURTHER, that neither the Agent nor any Lender shall conduct any environmental testing of any owned or leased facility of the Company or any Subsidiary without the prior written consent of the Company, which shall not unreasonably be withheld.

Appears in 1 contract

Samples: Credit Agreement (Abc Rail Products Corp)

Inspection of Property and Books and Records. The Borrower shall maintainCompany and each Guarantor shall, and shall cause each of its their respective Restricted Subsidiaries to maintainto, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower Company and such SubsidiarySubsidiaries. The Borrower shall permitCompany and each Guarantor shall, and shall cause each of its their respective Restricted Subsidiaries to permitto, permit representatives and independent contractors of any Agents the Administrative Agent or any Bank Lender to visit and inspect any of their respective propertiesProperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective the Company’s affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Agent or Bank causing such inspection Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerCompany; provided, however, that when an Event of Default exists either of the Agents Administrative Agent or any Bank Lender may do any of the foregoing at the expense of the Borrower Company at any time during normal business hours and without advance notice.

Appears in 1 contract

Samples: Credit Agreement (Venoco, Inc.)

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