Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s Books and Records, including management letters prepared by the Accountants, and (c) discuss with each Company’s directors, principal officers, and independent accountants, each Company’s business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.
Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of the Company's properties and the Collateral, (b) inspect, audit and copy and make extracts from the Company's Books and Records, including management letters prepared by independent accountants, and (c) discuss with the Company's principal officers, and independent accountants, the Company's business, assets, liabilities, financial condition, results of operations and business prospects. The Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for the Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.
Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each of Company's and each Eligible Subsidiary's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from Company's and each Eligible Subsidiary's Books and Records, including management letters prepared by independent accountants, and (c) discuss with Company's and each Eligible Subsidiary's principal officers, and independent accountants, Company's and each Eligible Subsidiary's business, assets, liabilities, financial condition, results of operations and business prospects. Each of Company and each Eligible Subsidiary will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for Company and such Eligible Subsidiary. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.
Inspections and Appraisals. (a) Each Credit Party shall, and shall cause each of its Subsidiaries to, permit any authorized representatives designated by any Agent and the Lenders to visit and inspect any of the properties of any Credit Party and any of its respective Subsidiaries, to inspect and copy its and their financial and accounting records, and to discuss its and their affairs, finances and accounts with its and their officers and independent public accountants (at Parent Borrower’s sole cost and expense) (provided that, an Authorized Officer of Parent Borrower shall be afforded an opportunity to be present), all upon reasonable prior notice and at such reasonable times during normal business hours; provided, however, that unless an Event of Default shall have occurred and be continuing, Agent and Lenders shall only conduct one (1) such visit and inspection during any fiscal year.
(b) Each Credit Party permits the Administrative Agent to commission, at any time while an Event of Default shall have occurred and be continuing, a Valuation Report (at Parent Borrower’s sole cost and expense) and each Credit Party permits, and shall cause each of its Subsidiaries to permit, any authorized representative designated by the Agent and the Lenders to visit and inspect any of the properties of any Credit Party and any of its respective Subsidiaries and to inspect and copy its and their financial and accounting records in connection with, and for the purposes of, the foregoing.
Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s Books and Records, including management letters prepared by the Accountants, and (c) discuss with each Company’s directors, principal officers, and independent accountants, each Company’s business, assets, liabilities, financial condition, results of operations and business prospects., provided, however, such visits inspections, etc. shall not occur more than one every three (3) months. The limitation set forth in the immediately preceding proviso shall not apply following the occurrence and during the continuation of an Event of Default. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.
Inspections and Appraisals. At all times during normal business hours, but not more often than once per fiscal quarter of the Parent to the extent no Event of Default has occurred, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company's properties and the Collateral, (b) inspect, audit and copy and make extracts from each Company's Books and Records, including management letters prepared by independent certified public accountants of recognized standing selected by the Parent and acceptable to Laurus (the "Accountants"), and (c) discuss with each Company's directors, principal officers, and independent accountants, each Company's business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same. Notwithstanding the foregoing, neither it nor any of its Subsidiaries shall be required to provide to Laurus any material, non-public information relating to it or any of its Subsidiaries unless the Parent and Laurus have entered into a confidentiality agreement sufficient in scope to permit the Parent to maintain its compliance with Regulation FD.
Inspections and Appraisals. At all times during normal business hours, and on at least twenty-four hours prior notice (which notice shall only be necessary so long as no Event of Default has occurred and is continuing), Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company's Books and Records, including management letters prepared by the Accountants, and (c) discuss with each Company's directors, principal officers, and independent accountants, each Company's business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.
Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right at the Company's expense and accompanied by a representative of the Company to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of the Company's and the Eligible Subsidiaries' properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from the Company's and the Eligible Subsidiaries' Books and Records, including management letters prepared by the Accountants, and (c) discuss with the Company's and the Eligible Subsidiaries' directors, principal officers, and independent accountants, the Company's business, assets, liabilities, financial condition, results of operations and business prospects. The Company and the Eligible Subsidiaries will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for the Company and the Eligible Subsidiaries. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.
Inspections and Appraisals. At all times during normal business hours, and upon two (2) Business Days' prior notice to the Company or any Eligible Subsidiary, as applicable, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each of Company's and each Eligible Subsidiary's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from Company's and each Eligible Subsidiary's Books and Records, including management letters prepared by independent accountants, and (c) discuss with Company's and each Eligible Subsidiary's principal officers, and independent accountants, Company's and each Eligible Subsidiary's business, assets, liabilities, financial condition, results of operations and business prospects. Each of Company and each Eligible Subsidiary will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for Company and such Eligible Subsidiary. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same. Notwithstanding the foregoing, neither the Company nor any of its subsidiaries will provide any material, non-public information to Laurus unless Laurus signs a confidentiality agreement and otherwise complies with Regulation FD, under the federal securities laws.
Inspections and Appraisals. It shall permit (and arrange for all access required to permit) the Agent and its duly authorized representatives and agents to visit and inspect any of the properties, corporate books and financial records of the Obligors, to examine and make copies of the books of accounts and other financial records of the Obligors, and to discuss the affairs, finances and accounts of the Obligors with, and to be advised as to the same by, their officers, employees and independent chartered accountants (and by this provision the Obligors authorize such accountants to discuss with the Agent the finances and affairs of each Obligor) at all reasonable times and reasonable intervals as the Agent may designate in the absence of any Default or Event of Default, and otherwise, at all times and intervals as the Agent may designate. The Obligors shall permit (and arrange for all access required to permit) the Agent and its duly authorized representatives and agents to conduct a field examination of the Obligors' properties three times per Fiscal Year in the absence of any Default or Event of Default or, at such other times as is designated by the Agent if a Default or Event of Default has occurred and is occurring, provided however that, in the absence of any Default or Event of Default, if the average Excess Availability in respect of Facility A and Facility B exceeds, and has exceeded at all times during the applicable Fiscal Year, US$15,000,000, the Obligors shall be required to permit (and arrange for all access required to permit) the Agent and its duly authorized representatives and agents to conduct no more than one field examination of the Obligor's properties in such Fiscal Year. The Agent may obtain (or direct the Borrowers to obtain and provide to the Agent and the Lenders) updated appraisals of the Obligors' Inventory, or any portion thereof, two times per Fiscal Year as the Agent may designate in the absence of a Default or an Event of Default, or at such other times designated by the Agent if a Default or an Event of Default has occurred and is continuing, provided however that, in the absence of any Default or Event of Default, if the average Excess Availability in respect of Facility A and Facility B exceeds, and has exceeded at all times during the applicable Fiscal Year, US$15,000,000, the Agent may obtain (or direct the Borrower to obtain and provide to the Agent and the Lenders) no more than one updated appraisal of the Obligors' Inventory in such Fiscal Year...
