Common use of Maintaining Records; Access to Properties and Inspections; Maintenance of Ratings Clause in Contracts

Maintaining Records; Access to Properties and Inspections; Maintenance of Ratings. (a) Keep proper books of record and account in which full, true and correct entries in conformity with all requirements of law are made of all dealings and transactions in relation to its business and activities. The Borrower will, and will cause each Subsidiary to, permit any representatives designated by the Administrative Agent or any Lender (in the case of a Lender, with the consent of the Borrower, such consent not to be unreasonably withheld) to visit and inspect the financial records and the properties of such Person at reasonable times and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives designated by the Administrative Agent or any Lender (in the case of a Lender, with the consent of the Borrower, such consent not to be unreasonably withheld) to discuss the affairs, finances and condition of such Person with the officers thereof and independent accountants therefor; provided, however, that unless an Event of Default exists and is continuing, the cost of only one such visit shall be borne by the Borrower in any twelve month period, and in no event will such expense in connection with such visit exceed $50,000. (b) Use commercially reasonable efforts to obtain private ratings for the Credit Facilities from S&P and Xxxxx’x on at least an annual basis and use commercially reasonable efforts to obtain a private corporate credit rating from S&P and a private corporate family rating from Xxxxx’x, in each case in respect of the Borrower on at least an annual basis.

Maintaining Records; Access to Properties and Inspections; Maintenance of Ratings. (a) Keep proper books of record and account in which full, true and correct entries in conformity with all requirements of law are made of all dealings and transactions in relation to its business and activities. The Borrower will, and will cause each Subsidiary to, permit any representatives designated by the Administrative Agent or any Lender (in the case of a Lender, with the consent of the Borrower, such consent not to be unreasonably withheld) to visit and inspect the financial records and the properties of such Person at reasonable times and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives designated by the Administrative Agent or any Lender (in the case of a Lender, with the consent of the Borrower, such consent not to be unreasonably withheld) to discuss the affairs, finances and condition of such Person with the officers thereof and independent accountants therefor; provided, however, that unless an Event of Default exists and is continuing, the cost of only one such visit shall be borne by the Borrower in any twelve month period, and in no event will such expense in connection with such visit exceed $50,000. (b) Use commercially reasonable efforts to obtain private ratings for the Credit Facilities from S&P and Xxxxx’x Mxxxx’x on at least an annual basis and use commercially reasonable efforts to obtain a private corporate credit rating from S&P and a private corporate family rating from Xxxxx’xMxxxx’x, in each case in respect of the Borrower on at least an annual basis.

Maintaining Records; Access to Properties and Inspections; Maintenance of Ratings. (a) Keep proper books of record and account in which full, true and correct entries in all material respects in conformity with GAAP or, with respect to any Subsidiary organized outside of the United States, the local accounting standards applicable in the relevant jurisdiction and all requirements of law law, are made of all material dealings and transactions in relation to its business and activities. The Borrower Each Loan Party will, and will cause each Subsidiary of its Material Subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender (in the case of a Lender, with the consent of the Borrower, such consent not to be unreasonably withheld) to visit and inspect the financial records and the properties of such Person upon reasonable notice and at reasonable times during normal business hours (provided that (i) such visits shall be coordinated by the Administrative Agent, (ii) such visits shall be limited to no more than one such visit per calendar year, and as often as reasonably requested (iii) such visits by any Lender shall be at the Lender’s expense, except in the case of clauses (ii) and to make extracts from and copies (iii) during the continuance of such financial recordsan Event of Default), and permit any representatives designated by the Administrative Agent or any Lender (in the case of a Lender, with the consent of the Borrower, such consent not to be unreasonably withheld) to discuss have reasonable discussions regarding the affairs, finances and condition of such Person with the officers thereof and independent accountants therefor; provided, however, (provided that unless such discussions shall be limited to no more than once per calendar quarter except during the continuance of an Event of Default exists and is continuing, the cost of only one such visit shall be borne by the Borrower in any twelve month period, and in no event will such expense in connection with such visit exceed $50,000Default). (b) Use commercially reasonable efforts to obtain private ratings for In the Credit Facilities from S&P case of Holdings and Xxxxx’x on at least an annual basis and the Borrowers, use commercially reasonable efforts to obtain cause the Credit Facilities to be continuously rated publicly by S&P and Xxxxx’x, and in the case of the Closing Date Borrower, use commercially reasonable efforts to maintain a private public corporate credit rating from S&P and a private public corporate family rating from Xxxxx’x, in each case in respect of the Borrower on at least an annual basisClosing Date Borrower.