Inspections; Verification Sample Clauses
Inspections; Verification. Permit representatives of Lender to visit and inspect any of the properties of Borrower, any of the Collateral and any properties of any Subsidiary and examine, audit, review and copy any of the books and records of Borrower and its Subsidiaries at any reasonable time, upon reasonable prior notice during normal business hours (but not more than once per fiscal year unless an Event of Default exists), and to discuss the affairs of Borrower and its Subsidiaries with any of their respective directors, officers, and independent accountants. Notwithstanding the foregoing, neither Borrower nor its Subsidiaries shall be required to disclose or discuss, or permit the inspection, examination or making of extracts of, any document, book, record or other matter that (i) constitutes non-financial trade secrets or non-financial proprietary information, or (ii) in respect of which disclosure to Lender or its representatives is then prohibited by applicable law.
Inspections; Verification. (a) So long as an Event of Default has occurred and is continuing, permit representatives of the Lender to conduct, at the Borrower’s expense, field audits of the Borrower’s properties, assets and business operations as often as may be desired by Lender.
(b) From time to time, irrespective of any Event of Default, permit representatives of Lender to examine, audit, review and copy any of the books and records of the Borrower at any reasonable time during normal business hours and as often as may be reasonably desired; provided, Borrower shall only be required to reimburse Lender for the cost of one audit under this Section 7.09(b) in any 12 month period, and to discuss the affairs of the Borrower with any of its directors, officers, employees or agents.