Inspections; Compliance Audits; Regulatory Review. (a) Company will permit or cause to be permitted, as applicable, any authorized representatives designated by any Agent or any Lender to visit and inspect any of the properties of Company or Holdings, at any time, and from time to time upon reasonable advance notice and during normal working hours, to (i) inspect, copy and take extracts from its financial and accounting records, and to discuss its affairs, finances and accounts with any Person, including, without limitation, employees of Company or Holdings and independent public accountants and (ii) verify the compliance by Company or Holdings with the Credit Agreement, the other Credit Documents and/or the Underwriting Policies, as applicable. Company agrees to pay Agents’ then customary charge for field examinations and audits and the preparation of reports thereof performed or prepared (A) at any time during the existence of a Default or an Event of Default and (B) otherwise up to three (3) times in any calendar year, provided Company shall not be obligated to pay more than $150,000 in the aggregate during any twelve-month period in connection with any examination or audit described in this Section 5.5(a)(ii)(B). If any Agent engages any independent certified public accountants or other third-party provider to prepare any such report, such Agent shall make such report available to any Class A Manager or Lender, upon request, provided, that delivery of any such report may be conditioned on prior receipt by such independent certified public accountants or other third party provider of the acknowledgements and agreements that such independent certified public accountants or third party provider customarily requires of recipients of reports of that kind.
Inspections; Compliance Audits; Regulatory Review. (a) The Credit Parties and the Company (on behalf of itself and each other Company Party) will permit any authorized representatives designated by the Administrative Agent to visit and inspect any of the properties of the Credit Parties and Company Parties at any time, and from time to time upon reasonable advance notice and during normal working hours, to (i) inspect, copy and take extracts from its books, records, financial statements, credit and collection policies, legal and regulatory compliance, operating and reporting procedures and information systems and to discuss its affairs, finances and accounts with any employees of the Credit Parties and Company Parties and (ii) verify the compliance by the Credit Parties and Company Parties with this Agreement, the other Credit Documents and the Credit Policies, as applicable; provided that (a) unless an Event of Default exists Administrative Agent and the Lenders will not make the inspections or verifications more than two (2) times per year without the prior consent of the Borrower and (b) neither the Credit Parties nor the Company Parties will be required to disclose or permit the inspection or discussion of, any document, information or other matter (x) that constitutes non-financial trade secrets or non-financial proprietary information, (y) in respect of which disclosure to the Administrative Agent or any Lender is prohibited by law or any binding agreement (or would otherwise cause a breach or default thereunder) or (z) that is subject to attorney-client or similar privilege or constitutes attorney work product. Each Credit Party agrees on to pay the Agents’ and the Lenders’ reasonable, customary and documented out-of-pocket expenses for any such inspections, audits and the preparation of reports thereof performed or prepared in accordance with the foregoing.
Inspections; Compliance Audits; Regulatory Review. (a) Company will permit or cause to be permitted, as applicable, any authorized representatives designated by Administrative Agent or any Lender to visit and inspect any of the properties of Company or Seller, at any time, and from time to time upon reasonable advance notice and during normal working hours, to (i) inspect, copy and take extracts from its financial and accounting records, and to discuss its affairs, finances and accounts with any Person, including, without limitation, employees of Company or Seller and independent public accountants and (ii) verify the compliance by Company or Seller with the Credit Agreement, the other Credit Documents and/or the Underwriting Policies, as applicable. Company agrees to pay Administrative Agent’s then customary charge for field examinations and audits and the preparation of reports thereof performed or prepared (A) at any time during the existence of a Default or an Event of Default and (B) otherwise up to two (2) times in any calendar year.
Inspections; Compliance Audits; Regulatory Review. (a) The Borrower will permit or cause to be permitted, as applicable, any authorized representatives designated by any Agent (or their respective agents or professional advisors) to visit and inspect any of the properties of the Borrower or the Funding Entities, at any time, and from time to time upon reasonable advance written notice and during normal working hours, to (i) inspect, copy and take extracts from its books, records, financial statements, credit and collection policies, legal and regulatory compliance, operating and reporting procedures and information systems and to discuss its affairs, finances and accounts with any employees of the Manager, (ii) conduct periodic due diligence relating to any Renewable Loan forming part of the Portfolio, including reviewing the applicable Loan Agreement for such Renewable Loan and (iii) verify the compliance by the Borrower or the Funding Entities with this Agreement, the other Credit Documents, the Credit Policies and/or the Servicing Policy, as applicable. The Borrower agrees to pay Agents’ then customary charge for field examinations and audits and the preparation of reports thereof performed or prepared (A) at any time during the existence of an Event of Default and (B) otherwise up to two (2) time in any calendar year.
Inspections; Compliance Audits; Regulatory Review. (a) The Borrower and the Servicer will permit or cause to be permitted (and will permit as required (to the extent it has the right to do so) each of the Sub- Servicers and the Backup Servicer to be permitted), as applicable, any authorized representatives designated by any Agent or any Lender (including, without limitation, any consultant or independent certified public accounting firm acceptable to such Agent or such Lender) to visit and inspect any of the properties of the Borrower or the Servicer, at any time, and, from time to time, upon two (2) weeks advance notice and during normal working hours, to (i) inspect, copy and take copies from its financial and accounting records (including data tapes), and to discuss its affairs, finances and accounts with employees of the Borrower or the Servicer and their independent public accountants and (ii) verify the compliance by the Borrower or the Servicer with this Agreement, the other Credit Documents and/or the Credit and Collections Policies, as applicable (collectively, a “Compliance Review”). The Borrower agrees to pay the Directing Agent’s and the Class B Agent’s reasonable out of pocket expenses (including expenses incurred in connection with any work visas and travel expenses) for field examinations and audits and the preparation of reports thereof performed or prepared (A) at any time following the occurrence of an Early Amortization Event and (B) otherwise up to four (4) times in any calendar year in total (provided that (provided that such limit shall not apply to field examinations conducted for due diligence purposes). Any Lender shall provide the Borrower and the Servicer with the scope and nature of any proposed visit, inspection and/or Compliance Review
