Common use of Inspections and Verifications Clause in Contracts

Inspections and Verifications. Borrower shall permit Agent, or any Persons designated by Agent, to call at Borrower’s places of business at any reasonable times, and, without hindrance or delay, to inspect the Collateral and to inspect, audit, check and make extracts from Borrower’s books, records, journals, orders, receipts and any correspondence and other data relating to Borrower’s business, the Collateral or any transactions between the parties hereto, and shall have the right to make such verification concerning Borrower’s business as Agent may consider reasonable under the circumstances. Agent, at its discretion, will perform field audits and inventory appraisals on an annual basis, or more frequently as determined by Agent. Borrower shall furnish to Agent such information relevant to Agent’s and Lenders’ rights under this Loan Agreement as Agent shall at any time and from time to time request. Agent, through its officers, employees or agents shall have the right, at any time and from time to time, in Agent’s name, to verify the validity, amount or any other matter relating to any of Borrower’s Accounts, by mail, telephone, telegraph or otherwise. Borrower authorizes Agent to discuss the affairs, finances and business of Borrower with any officers, employees or directors of Borrower or with its Parent or any Affiliate or the officers, employees or directors of its Parent or any Affiliate, and to discuss the financial condition of Borrower with Borrower’s independent public accountants. Borrower further authorizes Agent to disclose any information received pursuant to this Section to Lenders. Any such discussions shall be without liability to Agent or Lenders or to Borrower’s independent public accountants. Borrower shall pay to Agent all fees and all costs and out-of-pocket expenses incurred by Agent in the exercise of its rights hereunder, and all such fees, costs and expenses shall constitute Liabilities hereunder, shall be payable on demand and, until paid, shall bear interest at the Default Rate.

Inspections and Verifications. Borrower Borrowers shall permit AgentLender, or any Persons designated by AgentLender, to call at each Borrower’s places of business at any reasonable times, upon not less than one (1) Business Day’s prior written or oral notice, and, without hindrance or delay, to inspect the Collateral and to inspect, audit, check and make extracts from each Borrower’s books, records, journals, orders, receipts and any correspondence and other data relating to each Borrower’s business, the Collateral or any transactions between the parties hereto, and shall have the right to make such verification concerning each Borrower’s business as Agent Lender may consider reasonable under the circumstances. AgentLender, at its discretion, will perform field audits and inventory appraisals on an annual basistwice per calendar year, or more frequently as determined by AgentLender. Borrower Borrowers shall furnish to Agent Lender such information relevant to AgentLender’s and Lenders’ rights under this Loan Agreement as Agent Lender shall at any time and from time to time request. AgentLender, through its officers, employees or agents shall have the right, at any time and from time to time, in AgentLender’s name, to verify the validity, amount or any other matter relating to any of each Borrower’s Accounts, by mail, telephone, telegraph or otherwise; provided, however, if no Unmatured Event of Default or Event of Default then exists, such verifications shall not occur more frequently than twice during any 12 month period. Each Borrower authorizes Agent Lender to discuss the affairs, finances and business of Borrower Borrowers with any officers, employees or directors of any Borrower or with its Parent or any Affiliate or the officers, employees or directors of its Parent or any Affiliate, and to discuss the financial condition of Borrower Borrowers with Borrower’s Borrowers’ independent public accountants. Borrower further authorizes Agent to disclose any information received pursuant to this Section to Lenders. Any such discussions shall be without liability to Agent or Lenders Lender or to Borrower’s Borrowers’ independent public accountants. Borrower Borrowers shall pay to Agent Lender all fees and all costs and out-of-pocket expenses incurred by Agent Lender in the exercise of its rights hereunder, and all of such fees, costs and expenses shall constitute Liabilities hereunder, shall be payable on demand and, until paid, shall bear interest at the Default Rate.”

Inspections and Verifications. Borrower shall permit AgentLender, or any Persons designated by AgentLender, to call at Borrower’s places of business at any reasonable timestimes and upon reasonable advance written notice to Borrower, and, without hindrance or delay, to inspect the Collateral and to inspect, audit, check and make extracts from Borrower’s books, records, journals, orders, receipts and any correspondence and other data relating to Borrower’s business, the Collateral or any transactions between the parties hereto, and shall have the right to make such verification concerning Borrower’s business as Agent Lender may reasonably consider reasonable necessary or advisable under the circumstances. AgentLender, at its discretion, will may perform field audits from time to time and inventory appraisals on an annual basis, or more frequently as determined by AgentBorrower shall fully cooperate and assist Lender in the performance of all such field audits. Borrower shall furnish to Agent Lender such information relevant to AgentLender’s and Lenders’ rights under this Loan Agreement as Agent Lender shall at any time and from time to time reasonably request. AgentLender, through its officers, employees or agents shall have the right, at any time and from time to time, in AgentLender’s name, to verify the validity, amount or any other matter relating to any of Borrower’s Accounts, by mail, telephone, telegraph or otherwise. Borrower authorizes Agent Lender to discuss the affairs, finances and business of Borrower with any officers, employees or directors of Borrower or with its Parent or any Affiliate or the officers, employees or directors of its Parent or any Affiliate, and to discuss the financial condition of Borrower with Borrower’s independent public accountants. Borrower further authorizes Agent to disclose any information received pursuant to this Section to Lenders. Any such discussions shall be without liability to Agent or Lenders Lender or to Borrower’s independent public accountants. Borrower shall pay to Agent Lender all fees and all costs and out-of-pocket expenses reasonably incurred by Agent Lender in the exercise of its rights hereunder, and all . All such fees, costs and expenses shall constitute Liabilities hereunder, shall be payable on demand and, until paid, shall bear interest at the Default Rate; provided, however, if no Event of Default exists, Borrower shall not be required to pay for more than two (2) field audits each Fiscal Year.

Inspections and Verifications. Borrower Borrowers shall permit AgentLender, or any Persons designated by AgentLender, to call at each Borrower’s places of business at any reasonable times, upon not less than one (1) Business Day’s prior written or oral notice, and, without hindrance or delay, to inspect the Collateral and to inspect, audit, check and make extracts from each Borrower’s books, records, journals, orders, receipts and any correspondence and other data relating to each Borrower’s business, the Collateral or any transactions between the parties hereto, and shall have the right to make such verification concerning each Borrower’s business as Agent Lender may consider reasonable under the circumstances. AgentLender, at its discretion, will perform field audits and inventory appraisals on an annual basistwice per calendar year, or more frequently as determined by AgentLender. Borrower Borrowers shall furnish to Agent Lender such information relevant to AgentLender’s and Lenders’ rights under this Loan Agreement as Agent Lender shall at any time and from time to time request. AgentLender, through its officers, employees or agents shall have the right, at any time and from time to time, in AgentLender’s name, to verify the validity, amount or any other matter relating to any of each Borrower’s Accounts, by mail, telephone, telegraph or otherwise. Each Borrower authorizes Agent Lender to discuss the affairs, finances and business of Borrower Borrowers with any officers, employees or directors of any Borrower or with its Parent or any Affiliate or the officers, employees or directors of its Parent or any Affiliate, and to discuss the financial condition of Borrower Borrowers with Borrower’s Borrowers’ independent public accountants. Borrower further authorizes Agent to disclose any information received pursuant to this Section to Lenders. Any such discussions shall be without liability to Agent or Lenders Lender or to Borrower’s Borrowers’ independent public accountants. Borrower Borrowers shall pay to Agent Lender all fees and all costs and out-of-pocket expenses incurred by Agent Lender in the exercise of its rights hereunder, and all of such fees, costs and expenses shall constitute Liabilities hereunder, shall be payable on demand and, until paid, shall bear interest at the Default Rate.”

Inspections and Verifications. Borrower shall permit AgentLender, or any Persons designated by AgentLender, to call at Borrower’s places of business at any reasonable times, and, without hindrance or delay, to inspect the Collateral and to inspect, audit, check and make extracts from Borrower’s books, records, journals, orders, receipts and any correspondence and other data relating to Borrower’s business, the Collateral or any transactions between the parties hereto, and shall have the right to make such verification concerning Borrower’s business as Agent Lender may consider reasonable under the circumstances. AgentLender, at its discretionPermitted Discretion, will may perform field audits and inventory appraisals on an annual basis, or more frequently as determined by AgentLender, and Borrower shall fully cooperate and assist Lender in the performance of all such field audits. Borrower shall furnish to Agent Lender such information relevant to AgentLender’s and Lenders’ rights under this Loan Agreement as Agent Lender shall at any time and from time to time request. AgentLender, through its officers, employees or agents shall have the right, at any time and from time to time, in AgentLender’s name, to verify the validity, amount or any other matter relating to any of Borrower’s Accounts, by mail, telephone, telegraph or otherwise. Borrower authorizes Agent Lender to discuss the affairs, finances and business of Borrower with any officers, employees or directors of Borrower or with its Parent or any Affiliate or the officers, employees or directors of its Parent or any Affiliate, and to discuss the financial condition of Borrower with Borrower’s independent public accountants. Borrower further authorizes Agent to disclose any information received pursuant to this Section to Lenders. Any such discussions shall be without liability to Agent or Lenders Lender or to Borrower’s independent public accountants. Borrower shall pay to Agent Lender all fees and all costs and out-of-pocket expenses incurred by Agent Lender in the exercise of its rights hereunder, and all . All such fees, costs and expenses shall constitute Liabilities hereunder, shall be payable on demand and, until paid, shall bear interest at the Default Rate; provided, however, if no Event of Default exists, Borrower shall not be required to pay or reimburse Lender for more than one (1) field examination in any calendar year.

Inspections and Verifications. Borrower shall permit AgentLender, or any Persons designated by AgentLender, to call at Borrower’s places of business at any reasonable times, and, without hindrance or delay, to inspect the Collateral and to inspect, audit, check and make extracts from Borrower’s books, records, journals, orders, receipts and any correspondence and other data relating to Borrower’s business, the Collateral or any transactions between the parties hereto, and shall have the right to make such verification concerning Borrower’s business as Agent Lender may consider reasonable under the circumstances. AgentLender, at its discretion, will perform field audits annually and inventory appraisals on an annual basis, or more frequently at such other times as determined by Agentit shall deem advisable. Borrower shall furnish to Agent Lender such information relevant to AgentLender’s and Lenders’ rights under this Loan Agreement as Agent Lender shall at any time and from time to time request. AgentLender, through its officers, employees or agents shall have the right, at any time and from time to time, in AgentLender’s name, to verify the validity, amount or any other matter relating to any of Borrower’s Accounts, by mail, telephone, telegraph or otherwise. Borrower authorizes Agent Lender to discuss the affairs, finances and business of Borrower with any officers, employees or directors of Borrower or with its Parent or any Affiliate or the officers, employees or directors of its Parent or any Affiliate, and to discuss the financial condition of Borrower with Borrower’s independent public accountants. Borrower further authorizes Agent to disclose any information received pursuant to this Section to Lenders. Any such discussions shall be without liability to Agent or Lenders Lender or to Borrower’s independent public accountants. Borrower shall pay to Agent Lender all fees and all costs and out-of-pocket expenses incurred by Agent Lender in the exercise of its rights hereunder, and all such fees, costs and expenses shall constitute Liabilities hereunder, shall be payable on demand and, until paid, shall bear interest at the Default Rate.

Inspections and Verifications. Borrower Borrowers shall permit AgentLender, or any Persons designated by AgentLender, to call at each Borrower’s 's places of business at any reasonable times, upon not less than one (1) Business Day's prior written or oral notice, and, without hindrance or delay, to inspect the Collateral and to inspect, audit, check and make extracts from each Borrower’s 's books, records, journals, orders, receipts and any correspondence and other data relating to each Borrower’s 's business, the Collateral or any transactions between the parties hereto, and shall have the right to make such verification concerning each Borrower’s 's business as Agent Lender may consider reasonable under the circumstances. AgentLender, at its discretion, will perform field audits and inventory appraisals on an annual basis, or more frequently as determined by AgentLender. Borrower Borrowers shall furnish to Agent Lender such information relevant to Agent’s and Lenders’ Lender's rights under this Loan Agreement as Agent Lender shall at any time and from time to time request. AgentLender, through its officers, employees or agents shall have the right, at any time and from time to time, in Agent’s Lender's name, to verify the validity, amount or any other matter relating to any of each Borrower’s 's Accounts, by mail, telephone, telegraph or otherwise; provided, however, if no Unmatured Event of Default or Event of Default then exists, such verifications shall not occur more frequently than twice during any 12 month period. Each Borrower authorizes Agent Lender to discuss the affairs, finances and business of Borrower Borrowers with any officers, employees or directors of any Borrower or with its Parent or any Affiliate or the officers, employees or directors of its Parent or any Affiliate, and to discuss the financial condition of Borrower Borrowers with Borrower’s Borrowers' independent public accountants. Borrower further authorizes Agent to disclose any information received pursuant to this Section to Lenders. Any such discussions shall be without liability to Agent or Lenders Lender or to Borrower’s Borrowers' independent public accountants. Borrower Borrowers shall pay to Agent Lender all fees and all costs and out-of-pocket expenses incurred by Agent Lender in the exercise of its rights hereunder, and all of such fees, costs and expenses shall constitute Liabilities hereunder, shall be payable on demand and, until paid, shall bear interest at the Default Rate.