Common use of Inspection; Period Audits Clause in Contracts

Inspection; Period Audits. Each Borrower shall permit the representatives of Lender, at the expense of such Borrower, from time to time during normal business hours, upon reasonable notice but not more than four times in any calendar year (provided that upon the occurrence and during the continuance of an Event of Default, there shall be no restrictions on the number of times that Lender may perform the activities described in this Section 6.7 nor shall Lender be required to give prior notice to Borrower), to (i) visit and inspect any of its offices or properties or any other place where Collateral is located to inspect the Collateral and/or to examine or audit all of such Borrower’s books of account, records, reports and other papers, (ii) make copies and extracts therefrom, and (iii) discuss such Borrower’s business, operations, prospects, properties, assets, liabilities, condition and/or Accounts with such Borrower’s officers and independent public accountants (and by this provision such officers and accountants are authorized to discuss the foregoing).

Inspection; Period Audits. Each Borrower shall permit the representatives of Lender, at the expense of such Borrower, from time to time during normal business hours, upon reasonable notice but not more than four two times in any calendar year (provided that upon the occurrence and during the continuance of an Event of Default, there shall be no restrictions on the number of times that Lender may perform the activities described in this Section 6.7 nor shall Lender be required to give prior notice to Borrower), to (i) visit and inspect any of its offices or properties or any other place where Collateral is located to inspect the Collateral and/or to examine or audit all of such Borrower’s books of account, records, reports and other papers, (ii) make copies and extracts therefrom, and (iii) discuss such Borrower’s business, operations, prospects, properties, assets, liabilities, condition and/or Accounts with such Borrower’s officers and independent public accountants (and by this provision such officers and accountants are authorized to discuss the foregoing).

Inspection; Period Audits. Each Borrower Borrowers shall permit the representatives of Lender, at the expense of such BorrowerBorrowers, from time to time during normal business hours, upon reasonable notice but not more than four three times in any calendar year (provided that upon the occurrence and during the continuance of an Event of Default, there shall be no restrictions on the number of times that Lender may perform the activities described in this Section 6.7 nor shall Lender be required to give prior notice to any Borrower), to (i) visit and inspect any of its their offices or properties or any other place where Collateral is located to inspect the Collateral and/or to examine or audit all of such Borrower’s Borrowers’ books of account, records, reports and other papers, (ii) make copies and extracts therefrom, and (iii) discuss such Borrower’s Borrowers’ business, operations, prospects, properties, assets, liabilities, condition and/or Accounts with such Borrower’s Borrowers’ officers and independent public accountants (and by this provision such officers and accountants are authorized to discuss the foregoing).

Inspection; Period Audits. Each Borrower shall permit the representatives of Lender, at the expense of such Borrower, from time to time during normal business hours, upon reasonable notice but not more than four two times in any calendar year (provided that upon the occurrence and during the continuance of an Event of Default, there shall be no restrictions on the number of times that Lender may perform the activities described in this Section 6.7 nor shall Lender be required to give prior notice to Borrower), to (i) visit and inspect any of its offices or properties or any other place where Collateral is located to inspect the Collateral and/or to examine or audit all of such Borrower’s books of account, records, reports and other papers, (ii) make copies and extracts therefrom, and (iii) discuss such Borrower’s business, operations, prospects, properties, assets, liabilities, condition and/or Accounts with such Borrower’s officers and independent public accountants (and by this provision such officers and accountants are authorized to discuss the foregoing).