Common use of Lender Inspection Rights Clause in Contracts

Lender Inspection Rights. Upon reasonable notice from the Administrative Agent, the Parent will permit the Administrative Agent and each Lender (and such Persons as the Administrative Agent or such Lender may designate) during normal business hours and under the Parent’s guidance, to visit and inspect any of the Property of the Parent or any of its Subsidiaries, to examine all of their books of account, records, reports and other papers, to make copies and extracts therefrom, and to discuss their respective affairs, finances and accounts with their respective officers, employees and, after the occurrence and during the continuance of an Event of Default, and so long as Parent is afforded the opportunity to be present, independent public accountants; provided that, excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may exercise rights of the Administrative Agent and the Lenders under this Section 7.7; provided further that unless an Event of Default shall have occurred and be continuing, such visits and inspections shall be limited to once per fiscal year; and provided finally, that none of the Parent, the Borrower nor any Subsidiary will be required to disclose, permit the inspection, examination or making copies or extracts from, or discussion or, any books, documents, information or other matter (a) in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or designees) is prohibited by law or any bona fide binding agreement, (b) is subject to attorney-client or similar privilege or constitutes attorney work product or (c) constituting trade secrets.

Lender Inspection Rights. Upon reasonable notice from the Administrative Agent, the Parent Company will permit the Administrative Agent and each Lender (and such Persons as the Administrative Agent or such Lender may designate, subject to Section 9.7) and any Lender, if accompanying the Administrative Agent, during normal business hours and under the Parent’s guidance, to visit and inspect any of the Property properties of the Parent or Company and its Subsidiaries (subject to any of reasonable requirements and conditions the Company may impose in accordance with its Subsidiaries, existing procedures relating to safety and security) to examine all of their its respective books of account, records, reports and other papers, to make copies and extracts therefrom, and to discuss their its respective affairs, finances and accounts with their respective its officers, employees and, after the occurrence and during the continuance of an Event of Default, and so long as Parent is afforded the opportunity to be present, independent public accountantsaccountants (and by this provision the Company authorizes such accountants to discuss with the Administrative Agent (and such Persons as the Administrative Agent may designate) and any Lender the finances and affairs of the Company and its Subsidiaries) all at such reasonable times and as often as may be reasonably requested; provided that, excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may exercise rights of the Administrative Agent and the Lenders under this Section 7.7; provided further that unless an Event of Default shall have occurred and be continuing, such visits and inspections only one (l) visit shall be limited permitted during any calendar year. Notwithstanding anything to once per fiscal year; and provided finallythe contrary in this Section 6.7, that none of the Parent, the Borrower nor Company or any Subsidiary of its Subsidiaries will be required to disclose, permit the inspection, examination or making copies or extracts fromabstracts of, or discussion orof, any books, documentsdocument, information or other matter that (ai) constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or designeesrepresentatives) is prohibited by law Law or any bona fide binding agreement, agreement not entered into in contemplation of avoiding such inspection and disclosure rights or (biii) is subject to attorney-client or similar privilege or constitutes attorney work product or (c) constituting trade secretsproduct.

Lender Inspection Rights. Upon reasonable notice from the Administrative Agent, the Parent will permit the Administrative Agent and each Lender (and such Persons as the Administrative Agent or such Lender may designate) during normal business hours and under the Parent’s guidance, to visit and inspect any of the Property of the Parent or any of its Subsidiaries, to examine all of their books of account, records, reports and other papers, to make copies and extracts therefrom, and to discuss their respective affairs, finances and accounts with their respective officers, employees and, after the occurrence and during the continuance of an Event of Default, and so long as Parent is afforded the opportunity to be present, independent public accountants; provided thatthat , excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may exercise rights of the Administrative Agent and the Lenders under this Section 7.77.7 ,7.7 ; provided further that unless an Event of Default shall have occurred and be continuing, such visits and inspections shall be limited to once per fiscal year; and provided finallyfinally , that none of the Parent, the Borrower nor any Subsidiary will be required to disclose, permit the inspection, examination or making copies or extracts from, or discussion or, any books, documents, information or other matter (a) in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or designees) is prohibited by law or any bona fide binding agreement, (b) is subject to attorney-client or similar privilege or constitutes attorney work product or (c) constituting trade secrets.

Lender Inspection Rights. Upon reasonable notice from the Administrative Agent, the Parent Company will permit the Administrative Agent and each Lender (and such Persons as the Administrative Agent or such Lender may designate, subject to Section 9.7) and any Lender, if accompanying the Administrative Agent, during normal business hours and under the Parent’s guidance, to visit and inspect any of the Property properties of the Parent or Company and its Subsidiaries(subject to any of reasonable requirements and conditions the Company may impose in accordance with its Subsidiaries, existing procedures relating to safety and security) to examine all of their its respective books of account, records, reports and other papers, to make copies and extracts therefrom, and to discuss their its respective affairs, finances and accounts with their respective its officers, employees and, after the occurrence and during the continuance of an Event of Default, and so long as Parent is afforded the opportunity to be present, independent public accountantsaccountants (and by this provision the Company authorizes such accountants to discuss with the Administrative Agent (and such Persons as the Administrative Agent may designate) and any Lender the finances and affairs of the Company and its Subsidiaries) all at such reasonable times and as often as may be reasonably requested; provided that, excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may exercise rights of the Administrative Agent and the Lenders under this Section 7.7; provided further that unless an Event of Default shall have occurred and be continuing, such visits and inspections only one (l) visit shall be limited permitted during any calendar year. Notwithstanding anything to once per fiscal year; and provided finallythe contrary in this Section 6.7, that none of the Parent, the Borrower nor Company or any Subsidiary of its Subsidiaries will be required to disclose, permit the inspection, examination or making copies or extracts fromabstracts of, or discussion orof, any books, documentsdocument, information or other matter that (ai) constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or designeesrepresentatives) is prohibited by law Law or any bona fide binding agreement, agreement not entered into in contemplation of avoiding such inspection and disclosure rights or (biii) is subject to attorney-client or similar privilege or constitutes attorney work product or (c) constituting trade secretsproduct.