Common use of Inspection of Tangible Assets/Right of Audit Clause in Contracts

Inspection of Tangible Assets/Right of Audit. Permit any authorized representative of Administrative Agent to visit and inspect (at the risk of Administrative Agent) the Borrowing Base Oil and Gas Properties, and/or to audit the books and records of Borrowers or any other Loan Party related to the Borrowing Base Oil and Gas Properties during normal business hours, at the expense of Administrative Agent and during normal business hours following reasonable advance notice.

Appears in 2 contracts

Samples: Credit Agreement (EnerJex Resources, Inc.), Credit Agreement (EnerJex Resources, Inc.)

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Inspection of Tangible Assets/Right of Audit. Permit any authorized representative of the Administrative Agent to visit and inspect (at the risk of the Administrative AgentAgent and/or such representative) any tangible asset of the Borrowing Base Oil and Gas PropertiesBorrower, and/or to audit the books and records of Borrowers or any other Loan Party related to the Borrowing Base Oil and Gas Properties Borrower during normal business hours, at the expense of the Administrative Agent and during normal business hours following reasonable advance notice.

Appears in 1 contract

Samples: Term and Revolving Credit Agreement (Continental Resources Inc)

Inspection of Tangible Assets/Right of Audit. Permit any authorized representative of Administrative Agent to visit and inspect (at the risk of Administrative Agent) the Borrowing Base Borrower Oil and Gas Properties, and/or to audit the books and records of Borrowers or any other Loan Party related to the Borrowing Base Borrower Oil and Gas Properties during normal business hours, at the expense of Administrative Agent and during normal business hours following reasonable advance notice.

Appears in 1 contract

Samples: Credit Agreement (EnerJex Resources, Inc.)

Inspection of Tangible Assets/Right of Audit. Permit any authorized representative of the Administrative Agent or any Lender to visit and inspect (at the risk of the Administrative Agent, such Lender and/or such representative) the Borrowing Base Oil and Gas Properties, and/or to audit the books and records of Borrowers or any other Loan Party the Borrower related to the Borrowing Base Oil and Gas Properties during normal business hours, at the expense of the Administrative Agent or such Lender and during normal business hours following reasonable advance notice; provided, that any actions shall not unreasonably interfere with the business or operations of Borrower.

Appears in 1 contract

Samples: Secured Reducing Credit Agreement (Gulfport Energy Corp)

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Inspection of Tangible Assets/Right of Audit. Permit any authorized representative of Administrative the Agent or any Lender to visit and inspect (at the risk of Administrative the Agent, such Lender and/or such representative) the Borrowing Base Oil and Gas Properties, and/or to audit the books and records of Borrowers or any other Loan Party the Borrower related to the Borrowing Base Oil and Gas Properties during normal business hours, at the expense of Administrative the Agent or such Lender and during normal business hours following reasonable advance notice; provided, that any actions shall not unreasonably interfere with the business or operations of Borrower.

Appears in 1 contract

Samples: Credit Agreement (Gulfport Energy Corp)

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