Inspection Rights; Field Audits. (a) Permit representatives and independent contractors of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, all at the expense of the Borrower 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, the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice; and (b) Obtain and deliver field audit and inventory valuations at the expense of the Borrower in accordance with Section 6.02(h); and when an Event of Default exists hereunder, permit the Administrative Agent or any authorized representative or agent thereof to conduct such field audit and inventory valuation at the expense of the Borrower at any time during normal business hours and without advance notice.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Western Refining, Inc.), L/C Credit Agreement (Western Refining, Inc.)
Inspection Rights; Field Audits. (a) Permit representatives and independent contractors of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, all at the expense of the Borrower 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, the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice; and
(b) Obtain and deliver field audit and inventory valuations at the expense of the Borrower in accordance with Section 6.02(h); , and when an Event of Default exists hereunder, permit the Administrative Agent or any authorized representative or agent thereof to conduct such field audit and inventory valuation at the expense of the Borrower at any time during normal business hours and without advance notice.
Appears in 1 contract
Samples: Revolving Credit Agreement (Western Refining, Inc.)
Inspection Rights; Field Audits. (a) Permit representatives and independent contractors of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, all at the expense of the Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the BorrowerBorrowers; provided, however, that when an Event of Default exists, the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the joint and several expense of the Borrower Borrowers at any time during normal business hours and without advance notice; and
(b) Obtain and deliver field audit and inventory valuations at the joint and several expense of the Borrower Borrowers in accordance with Section 6.02(h); , and when an Event of Default exists hereunder, permit the Administrative Agent or any authorized representative or agent thereof to conduct such field audit and inventory valuation at the joint and several expense of the Borrower Borrowers at any time during normal business hours and without advance notice.
Appears in 1 contract
Samples: Revolving Credit Agreement (Western Refining, Inc.)