Common use of Maintaining Records; Access to Properties and Inspections; Annual Meetings Clause in Contracts

Maintaining Records; Access to Properties and Inspections; Annual Meetings. (a) Keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all Legal Requirements are made of all dealings and transactions in relation to its business and activities. Each Company will permit any representatives designated by the Administrative Agent or a Lender as often as reasonably requested (except that, in the case of representatives designated by a Lender, not more frequently than twice in any fiscal year of Borrower unless a Default or Event of Default has occurred and is then continuing), in each case, to visit and inspect the financial records and the property of such Company at reasonable times during normal business hours and to make extracts from and copies of such financial records, and permit any representatives designated by the Administrative Agent or any Lender to discuss the affairs, finances, accounts and condition of any Company with the officers and employees thereof and Advisors thereof in the presence of representatives of such Company (unless such representatives are not then available).

Appears in 3 contracts

Samples: Credit Agreement (BioScrip, Inc.), Credit Agreement (BioScrip, Inc.), Credit Agreement (BioScrip, Inc.)

AutoNDA by SimpleDocs

Maintaining Records; Access to Properties and Inspections; Annual Meetings. (a) Keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all Legal Requirements of Law are made of all dealings and transactions in relation to its business and activities. Each Company of Borrower and its Restricted Subsidiaries will permit any representatives designated by the Administrative Agent or a any Lender as often as reasonably requested (except that, in the case of representatives designated by a Lender, not more frequently than twice in any fiscal year of Borrower unless a Default or Event of Default has occurred and is then continuing), in each case, to visit and inspect the financial records and the property of Borrower or such Company Restricted Subsidiary at reasonable times during normal business hours upon reasonable advance notice and to make extracts from and copies of such financial records; provided that, so long as no Event of Default then exists, such inspection or visit shall be limited to one (1) per fiscal year of Borrower, and permit any representatives designated by the Administrative Agent or any Lender to discuss the affairs, finances, accounts and condition of Borrower or any Company Restricted Subsidiary with the its officers and employees thereof and Advisors thereof and, in the presence of representatives of such Company officers, other employees thereof and advisors therefor (unless such representatives are not then availableincluding independent accountants).

Appears in 2 contracts

Samples: Credit Agreement (Jacobs Entertainment Inc), Credit Agreement (Jacobs Entertainment Inc)

Maintaining Records; Access to Properties and Inspections; Annual Meetings. (a) Keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all Legal Requirements are made of all dealings and transactions in relation to its business and activities. Each Company will permit any representatives designated by the any Administrative Agent or a any Lender as often as reasonably requested (except that, in the case of representatives designated by a but at such Lender, not more frequently than twice in any fiscal year of Borrower unless a Default or ’s expense if no Event of Default has occurred and is then continuing), in each case, ) to visit and inspect the financial records and the property of such Company upon reasonable prior written notice at reasonable times during normal business hours and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives designated by the any Administrative Agent or any Lender (but at such Lender’s expense if no Event of Default has occurred and is continuing) to discuss the affairs, finances, accounts and condition of any Company with the officers and employees thereof and Advisors thereof advisors therefor (including independent accountants) provided that a representative of each Company may participate in the presence of representatives of any such Company (unless such representatives are not then available)discussion.

Appears in 2 contracts

Samples: Credit Agreement (SGS International, Inc.), Credit Agreement (Southern Graphic Systems, Inc.)

AutoNDA by SimpleDocs

Maintaining Records; Access to Properties and Inspections; Annual Meetings. (a) Keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all Legal Requirements are made of all dealings and transactions in relation to its business and activities. Each Company will permit any representatives designated by the Administrative Agent or a Lender as often as reasonably requested (except that, in the case of representatives designated by a Lender, not more frequently than twice once in any fiscal year of Borrower 12-month period unless a Default or Event of Default has occurred and is then continuing), in each case, to visit and inspect the financial records and the property of such Company at reasonable times during normal business hours and to make extracts from and copies of such financial records, and permit any representatives designated by the Administrative Agent or any Lender to discuss the affairs, finances, accounts and condition of any Company with the officers and employees thereof and Advisors thereof in the presence of representatives of such Company (unless such representatives are not then available).

Appears in 1 contract

Samples: Credit Agreement (BioScrip, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!