Common use of Inspection of Property; Field Examinations and Audits Clause in Contracts

Inspection of Property; Field Examinations and Audits. Each Credit Party shall, and shall cause each of its Subsidiaries to, with respect to each owned, leased, or controlled property, (a) provide access to such property to Agent as frequently as Agent determines to be appropriate; and (b) permit Agent to conduct field examinations, audit, inspect and make extracts and copies from all of such Credit Party’s books and records, including invoices from and payments to the Credit Parties’ vendors, and evaluate and make verifications of the Eligible Capital Expenditures and any Collateral in any manner and through any medium that Agent considers advisable, in each instance, at the Credit Parties’ expense; provided the Credit Parties shall only be obligated to reimburse Agent for the expenses for one (1) such field examination, audit and inspection per year or at any time if an Event of Default has occurred and is continuing or Agent reasonably suspects fraudulent activity in connection with the Eligible Capital Expenditures.

Inspection of Property; Field Examinations and Audits. Each Credit Party shall, and shall cause each of its Subsidiaries to, with respect to each owned, leased, or controlled property, (a) provide access to such property to Agent as frequently as Agent determines to be appropriate; and (b) permit Agent to conduct field examinations, audit, inspect and make extracts and copies from all of such Credit Party’s books and records, including invoices from and payments to the Credit Parties’ vendors, and evaluate and make verifications of the Eligible Capital Expenditures and any Collateral in any manner and through any medium that Agent considers advisable, in each instance, at the Credit Parties’ expense; provided the Credit Parties shall only be obligated to reimburse Agent for the expenses for one (1) such field examination, audit and inspection per year or at any time if an Event of Default has occurred and is continuing or Agent reasonably suspects fraudulent activity in connection with the Eligible Capital Expenditures.. 4.2