Common use of Inspections; Appraisals Clause in Contracts

Inspections; Appraisals. (a) Permit Lender from time to time, subject (unless a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s or Subsidiary’s books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Borrower’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lender shall have no duty to any Obligor to make any inspection, nor to share any results of any inspection, appraisal or report with any Obligor. Borrowers acknowledge that all inspections, appraisals and reports are prepared by Lender for its purposes, and Borrowers shall not be entitled to rely upon them.

Appears in 4 contracts

Samples: Loan and Security Agreement (Orion Energy Systems, Inc.), Loan and Security Agreement (Orion Energy Systems, Inc.), Loan and Security Agreement (Orion Energy Systems, Inc.)

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Inspections; Appraisals. (a) Permit Lender from time to time, subject (unless except when a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s 's or Subsidiary’s 's books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Borrower’s 's or Subsidiary’s 's business, financial condition, assets, prospects and results of operations. Lender shall not have no any duty to any Obligor Borrower to make any inspection, nor to share any results of any inspection, appraisal or report with any ObligorBorrower. Borrowers acknowledge that all inspections, appraisals and reports are prepared by Lender for its purposes, and Borrowers shall not be entitled to rely upon them.

Appears in 2 contracts

Samples: Loan and Security Agreement (LIVE VENTURES Inc), Loan and Security Agreement (LIVE VENTURES Inc)

Inspections; Appraisals. (a) Permit Lender from time to time, subject to reasonable notice (unless a Default or except when an Event of Default exists) to reasonable notice and during normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s or Subsidiary’s its Subsidiaries’ books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Borrower’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lender shall not have no any duty to any Obligor Borrower to make any inspection, nor or to share any results of any inspection, appraisal or report with any ObligorBorrower. Borrowers acknowledge Borrower acknowledges that all inspections, appraisals and reports are prepared by Lender for its purposes, and Borrowers Borrower shall not be entitled to rely upon them.

Appears in 2 contracts

Samples: Loan and Security Agreement (Select Interior Concepts, Inc.), Loan and Security Agreement (Select Interior Concepts, Inc.)

Inspections; Appraisals. (ae) Permit Lender from time to time, subject (unless a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s or Subsidiary’s books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Borrower’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lender shall have no duty to any Obligor to make any inspection, nor to share any results of any inspection, appraisal or report with any Obligor. Borrowers acknowledge that all inspections, appraisals and reports are prepared by Lender for its purposes, and Borrowers shall not be entitled to rely upon them.

Appears in 1 contract

Samples: Loan and Security Agreement (Blyth Inc)

Inspections; Appraisals. (a) Permit Lender from time to time, subject (unless except when a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s 's or Subsidiary’s 's books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Borrower’s 's or Subsidiary’s 's business, financial condition, assets, prospects and results of operations. Lender shall not have no any duty to any Obligor Borrower to make any inspection, nor to share any results of any inspection, appraisal or report with any ObligorBorrower. Borrowers acknowledge Borrower acknowledges that all inspections, appraisals and reports are prepared by Lender for its purposes, and Borrowers Borrower shall not be entitled to rely upon them.

Appears in 1 contract

Samples: Loan and Security Agreement (Lapolla Industries Inc)

Inspections; Appraisals. (a) Permit Lender from time to time, subject (unless except when a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s or Subsidiary’s books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Borrower’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lender shall not have no any duty to any Obligor Borrower to make any inspection, nor to share any results of any inspection, appraisal or report with any ObligorBorrower. Borrowers acknowledge that all inspections, appraisals and reports are prepared by Lender for its purposes, and Borrowers shall not be entitled to rely upon them.

Appears in 1 contract

Samples: Loan and Security Agreement (Radiant Logistics, Inc)

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Inspections; Appraisals. (a) Permit Lender from time to time, subject (unless except when a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s 's or Subsidiary’s 's books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Borrower’s 's or Subsidiary’s 's business, financial condition, assets, prospects and results of operations. Lender shall not have no any duty to any Obligor Borrower to make any inspection, nor to share any results of any inspection, appraisal or report with any ObligorBorrower. Borrowers acknowledge Borrower acknowledges that all inspections, appraisals and reports are prepared by Lender for its purposes, and Borrowers Borrower shall not be entitled to rely upon them.. LOAN AND SECURITY AGREEMENT -

Appears in 1 contract

Samples: Loan and Security Agreement (Lapolla Industries Inc)

Inspections; Appraisals. (a) Permit Lender from time to time, subject (unless except when a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower or Subsidiary, inspect, audit and make extracts from any Borrower’s or Subsidiary’s books and records, and discuss on a confidential basis with its officers, employees, agents, advisors and independent accountants such Borrower’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lender shall not have no any duty to any Obligor Borrower to make any inspection, nor to share any results of any inspection, appraisal or report with any ObligorBorrower. Borrowers acknowledge that all inspections, appraisals and reports are prepared by Lender for its purposes, and Borrowers shall not be entitled to rely upon them.

Appears in 1 contract

Samples: Loan and Security Agreement (Ashworth Inc)

Inspections; Appraisals. (a) Permit Lender from time to time, subject (unless except when a Default or Event of Default exists) to reasonable notice and normal business hours, to visit and inspect the Properties of any Borrower Obligor or Subsidiary, inspect, audit and make extracts from any BorrowerObligor’s or Subsidiary’s books and records, and discuss with its officers, employees, agents, advisors and independent accountants such BorrowerObligor’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lender shall not have no any duty to any Obligor to make any inspection, nor to share any results of any inspection, appraisal or report with any Obligor. Borrowers Obligors acknowledge that all inspections, appraisals and reports are prepared by Lender for its purposes, and Borrowers Obligors shall not be entitled to rely upon them.

Appears in 1 contract

Samples: Loan and Security Agreement (Revolution Lighting Technologies, Inc.)

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