Common use of Maintenance of Books and Records; Consultations and Inspections Clause in Contracts

Maintenance of Books and Records; Consultations and Inspections. Borrower will, and it will cause each Subsidiary to, maintain books and records in accordance with GAAP and in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities. Borrower will permit, and will cause each Subsidiary to permit, the Agent and each of the Banks (and any Person appointed by the Agent or any of the Banks to whom Borrower does not reasonably object) to discuss the affairs, finances and accounts of Borrower and each Subsidiary with the officers of Borrower and each Subsidiary and their independent public accountants, all at such reasonable times and as often as the Agent or any of the Banks may from time to time reasonably request. Borrower will also permit, and will cause each Subsidiary to permit, inspection of its Properties, books and records by the Agent and each of the Banks during normal business hours and at other reasonable times. Borrower will reimburse the Agent and each of the Banks upon demand for all costs and expenses incurred by the Agent or any of the Banks in connection with any such inspection conducted by the Agent or any of the Banks during the continuance of any Default or Event of Default under this Agreement. Borrower irrevocably authorizes the Agent and each of the Banks to communicate directly with its independent public accountants and irrevocably authorizes and directs such accountants to disclose to the Agent and each of the Banks any and all information with respect to the business and financial condition of Borrower and its Subsidiaries as the Agent or any of the Banks may from time to time reasonably request in writing.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Cpi Corp), Revolving Credit Agreement (Cpi Corp)

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Maintenance of Books and Records; Consultations and Inspections. Borrower will, and it will cause each Subsidiary of its Subsidiaries to, maintain books and records in accordance with GAAP and in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities. Borrower will permitwill, and it will cause each Subsidiary to permitof its Subsidiaries to, permit the Agent and each of the Banks (and any Person appointed by the Agent or any of the Banks to whom the Borrower does not reasonably object) to discuss the affairs, finances and accounts of Borrower and each Subsidiary with the officers of Borrower and each Subsidiary and their independent public accountants, all at such reasonable times and as often as the Agent or any of the Banks may from time to time reasonably request. Borrower will also permit, and will cause each Subsidiary to permit, inspection of its Properties, books and records by the Agent and each of the Banks during normal business hours and at other reasonable times. Borrower will reimburse the Agent and each of the Banks upon demand for all costs and expenses incurred by the Agent or any of the Banks in connection with any such inspection conducted by the Agent or any of the Banks during the continuance of while any Default or Event of Default under this AgreementAgreement has occurred and is continuing. A representative of Borrower may be present during any such inspection, provided that a particular representative's availability or unavailability shall not inhibit or delay such inspection. Borrower irrevocably authorizes shall permit the Agent and each of the Banks to communicate directly with its Borrower's independent public accountants and irrevocably authorizes to discuss the affairs, finances and directs such accountants to disclose to the Agent and each accounts of the Banks any and all information with respect to the business and financial condition of Borrower and its the Subsidiaries at such reasonable times and intervals and to such reasonable extent as the Agent may request. A representative of Borrower may be present and/or participate in any such communication with Borrower's accountants, provided that a particular representative's availability or any of the Banks may from time to time reasonably request in writingunavailability shall not inhibit or delay such communication.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Doane Products Co), Revolving Credit and Term Loan Agreement (Doane Products Co)

Maintenance of Books and Records; Consultations and Inspections. Borrower will, and it will cause each Subsidiary of its Subsidiaries to, maintain books and records as determined in accordance with GAAP and in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities. Borrower will permitwill, and it will cause each Subsidiary to permitof its Subsidiaries to, permit the Agent and each of the Banks (and any Person appointed by the Agent or any of the Banks to whom the Borrower does not reasonably object) to discuss the affairs, finances and accounts of Borrower and each Subsidiary with the officers of Borrower and each Subsidiary and their independent public accountants, all at such reasonable times and as often as the Agent or any of the Banks may from time to time reasonably request. Subject to any confidentiality and/or security clearance restrictions applicable to Borrower's or any Subsidiary's records, Borrower will also permit, and will cause each Subsidiary to permit, inspection of its Properties, books and records by the Agent and each of the Banks during normal business hours and at other reasonable times. Agent may be accompanied by representatives of any of the Banks during any such inspections. Borrower will reimburse the Agent and each of the Banks upon demand for all costs and expenses incurred by the Agent or any of the Banks in connection with any such inspection conducted by the Agent or any of the Banks during the continuance of while any Default or Event of Default under this AgreementAgreement has occurred and is continuing. A representative of Borrower may be present during any such inspection, provided that a particular representative's availability or unavailability shall not inhibit or delay such inspection. Borrower irrevocably authorizes shall permit the Agent and each of the Banks to communicate directly with its Borrower's independent public accountants and irrevocably authorizes to discuss the affairs, finances and directs such accountants to disclose to the Agent and each accounts of the Banks any and all information with respect to the business and financial condition of Borrower and its the Subsidiaries at such reasonable times and intervals and to such reasonable extent as the Agent may request. A representative of Borrower may be present and/or participate in any such communication with Borrower's accountants, provided that a particular representative's availability or any of the Banks may from time to time reasonably request in writingunavailability shall not inhibit or delay such communication.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Halter Marine Group Inc), Revolving Credit Agreement (Halter Marine Group Inc)

Maintenance of Books and Records; Consultations and Inspections. Borrower will, and it will cause each Subsidiary of its Subsidiaries to, maintain books and records in accordance with GAAP and in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities. Borrower will permitwill, and it will cause each Subsidiary of its Subsidiaries to, upon two (2) Domestic Business Days prior oral or written notice to permitBorrower from the Agent or any Bank (provided, however, that no notice need be given if any Default or Event of Default under this Agreement has occurred and is continuing), permit the Agent and each of the Banks (and any Person appointed by the Agent or any of the Banks to whom the Borrower does not reasonably object) to discuss the affairs, finances and accounts of Borrower and each Subsidiary with the officers of Borrower and each Subsidiary and their independent public accountants, all at such reasonable times and as often as the Agent or any of the Banks may from time to time reasonably requestrequest (but not so often as to materially interfere with the business of the Borrower or any of its Subsidiaries). Borrower will also permit, and will cause each Subsidiary of its Subsidiaries to permit, inspection of its Properties, books and records by the Agent and each of the Banks during normal business hours and at other reasonable times. In addition to the collateral examination fees set forth in Section 2.06 of this Agreement, Borrower will reimburse the Agent and each of the Banks upon demand for all reasonable costs and expenses incurred by the Agent or any of the Banks in connection with any such inspection conducted by the Agent or any of the Banks during the continuance of while any Default or Event of Default under this AgreementAgreement has occurred and is continuing. Borrower irrevocably authorizes the Agent and each of the Banks to, upon two (2) Domestic Business Days prior oral or written notice to Borrower from the Agent or any Bank (provided, however, that no notice need be given if any Default or Event of Default under this Agreement has occurred and is continuing), communicate directly with its independent public accountants and irrevocably authorizes and directs such accountants to disclose to the Agent and each of the Banks any and all information with respect to the business and financial condition of Borrower and its Subsidiaries as the Agent or any of the Banks may from time to time reasonably request in writing.

Appears in 1 contract

Samples: Revolving Credit Agreement (Huntco Inc)

Maintenance of Books and Records; Consultations and Inspections. Borrower will, and it will cause each Subsidiary of its Subsidiaries to, maintain books and records as determined in accordance with GAAP and in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities. Borrower will permitwill, and it will cause each Subsidiary to permitof its Subsidiaries to, permit the Agent and each of the Banks (and any Person appointed by the Agent or any of the Banks to whom the Borrower does not reasonably object) to discuss the affairs, finances and accounts of Borrower and each Subsidiary with the officers of Borrower and each Subsidiary and their independent public accountants, all at such reasonable times and as often as the Agent or any of the Banks may from time to time reasonably request. Subject to any confidentiality and/or security clearance restrictions applicable to Borrower's or any Subsidiary's records, Borrower will also permit, and will cause each Subsidiary to permit, inspection of its Properties, books and records by the Agent and each of the Banks during normal business hours and at other reasonable times. Borrower Agent may be accompanied by representatives of any of the Banks during any such inspections. Xxxxxxxx will reimburse the Agent and each of the Banks upon demand for all costs and expenses incurred by the Agent or any of the Banks in connection with any such inspection conducted by the Agent or any of the Banks during the continuance of while any Default or Event of Default under this AgreementAgreement has occurred and is continuing. A representative of Borrower may be present during any such inspection, provided that a particular representative's availability or unavailability shall not inhibit or delay such inspection. Borrower irrevocably authorizes shall permit the Agent and each of the Banks to communicate directly with its Xxxxxxxx's independent public accountants and irrevocably authorizes to discuss the affairs, finances and directs such accountants to disclose to the Agent and each accounts of the Banks any and all information with respect to the business and financial condition of Borrower and its the Subsidiaries at such reasonable times and intervals and to such reasonable extent as the Agent may request. A representative of Borrower may be present and/or participate in any such communication with Xxxxxxxx's accountants, provided that a particular representative's availability or any of the Banks may from time to time reasonably request in writingunavailability shall not inhibit or delay such communication.

Appears in 1 contract

Samples: Revolving Credit Agreement (Halter Marine Group Inc)

Maintenance of Books and Records; Consultations and Inspections. Borrower will, and it will cause each Subsidiary of its Subsidiaries to, maintain books and records in accordance with GAAP and in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities. Borrower will permitwill, and it will cause each Subsidiary of its Subsidiaries to, upon two (2) Domestic Business Days prior oral or written notice to permitBorrower from the Agent or any Bank (provided, however, that no notice need be given if any Default or Event of Default under this Agreement has occurred and is continuing), permit the Agent and each of the Banks (and any Person appointed by the Agent or any of the Banks to whom the Borrower does not reasonably object) to discuss the affairs, finances and accounts of Borrower and each Subsidiary with the officers of Borrower and each Subsidiary and their independent public accountants, all at such reasonable times and as often as the Agent or any of the Banks may from time to time reasonably requestrequest (but not so often as to materially interfere with the business of the Borrower or any of its Subsidiaries). Borrower will also permit, and will cause each Subsidiary of its Subsidiaries to permit, inspection of its Properties, books and records by the Agent and each of the Banks during normal business hours and at other reasonable times. Borrower will reimburse the Agent and each of the Banks upon demand for all reasonable costs and expenses incurred by the Agent or any of the Banks in connection with any such inspection conducted by the Agent or any of the Banks during the continuance of while any Default or Event of Default under this AgreementAgreement has occurred and is continuing. Borrower irrevocably authorizes the Agent and each of the Banks to, upon two (2) Domestic Business Days prior oral or written notice to Borrower from the Agent or any Bank (provided, however, that no notice need be given if any Default or Event of Default under this Agreement has occurred and is continuing), communicate directly with its independent public accountants and irrevocably authorizes and directs such accountants to disclose to the Agent and each of the Banks any and all information with respect to the business and financial condition of Borrower and its Subsidiaries as the Agent or any of the Banks may from time to time reasonably request in writing.

Appears in 1 contract

Samples: Revolving Credit Agreement (Huntco Inc)

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Maintenance of Books and Records; Consultations and Inspections. Borrower will, and it will cause each Subsidiary of its Subsidiaries to, maintain books and records in accordance with GAAP and in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities. Borrower will permitwill, and it will cause each Subsidiary to permitof its Subsidiaries to, permit the Agent and each of the Banks (and any Person appointed by the Agent or any of the Banks to whom the Borrower does not reasonably object) to discuss the affairs, finances and accounts of Borrower and each Subsidiary with the officers of Borrower and each Subsidiary and their independent public accountants, all at such reasonable times and as often as the Agent or any of the Banks may from time to time reasonably request. Borrower will also permit, and will cause each Subsidiary to permit, inspection of its Properties, books and records by the Agent and each of the Banks during normal business hours and at other reasonable times. Borrower will reimburse the Agent and each of the Banks upon demand for all costs and expenses incurred by the Agent or any of the Banks in connection with any such inspection conducted by the Agent or any of the Banks during the continuance of while any Default or Event of Default under this AgreementAgreement has occurred and is continuing. A representative of Borrower may be present during any such inspection, provided that a particular representative's availability or unavailability shall not inhibit or delay such inspection. Borrower irrevocably authorizes shall permit the Agent and each of the Banks to communicate directly with its Borrower's independent public accountants and irrevocably authorizes to discuss the affairs, finances and directs such accountants to disclose to the Agent and each accounts of the Banks any and all information with respect to the business and financial condition of Borrower and its the Subsidiaries at such reasonable times and intervals and to such reasonable extent as the Agent or may request. A representative of Borrower may be present and/or participate in any of the Banks may from time to time reasonably request in writing.such communication with Borrower's accountants,

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Doane Pet Care Co)

Maintenance of Books and Records; Consultations and Inspections. Borrower will, and it will cause each Subsidiary to, maintain books and records sufficient to permit the preparation of financial statements in accordance with GAAP and in which fulltrue, true correct and correct complete entries shall be made of all dealings and transactions in relation to its business and activitiesbusiness. Borrower will permitwill, and it will cause each Subsidiary to permitto, permit the Agent and each of the Banks Bank (and any Person appointed by the Agent or any of the Banks Bank to whom Borrower does not reasonably object) to discuss the affairs, finances and accounts of Borrower and each Subsidiary with the officers of Borrower and each Subsidiary and and, upon oral or written notice to Borrower, their independent public accountantsaccountants (during which discussions, representatives of Borrower shall have the right to be present), all at such reasonable times during normal business hours and as often as the Agent or any of the Banks Bank may from time to time reasonably request. Borrower will also permit, and will cause each Subsidiary to permit, inspection of its Properties, books and records by the Agent and each of the Banks Bank during normal business hours and at other reasonable times. Borrower will reimburse the Agent and each of the Banks Bank upon demand for all reasonable costs and expenses incurred by the Agent or any of the Banks Bank in connection with any such inspection conducted by the Agent or any of the Banks during the continuance of Bank while any Default or Event of Default under this AgreementAgreement has occurred and is continuing. Borrower irrevocably authorizes the Agent and each of the Banks Bank to, upon oral or written notice to Borrower, communicate directly with its Borrower's independent public accountants and irrevocably authorizes and directs such accountants to disclose to the Agent and each of the Banks Bank any and all information with respect to the business and financial condition of Borrower and its Subsidiaries as the Agent or any of the Banks Bank may from time to time reasonably request in writing.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cpi Corp)

Maintenance of Books and Records; Consultations and Inspections. Borrower will, and it will cause each Subsidiary of its Subsidiaries to, maintain books and records in accordance with GAAP and in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities. Borrower will permitwill, and it will cause each Subsidiary to permitof its Subsidiaries to, permit the Agent and each of the Banks (and any Person appointed by the Agent or any of the Banks to whom the Borrower does not reasonably object) to discuss the affairs, finances and accounts of Borrower and each Subsidiary with the officers of Borrower and each Subsidiary and their independent public accountants, all at such reasonable times and as often as the Agent or any of the Banks may from time to time reasonably request. Subject to any confidentiality and/or security clearance restrictions applicable to Borrower's or any Subsidiary's records, Borrower will also permit, and will cause each Subsidiary to permit, inspection of its Properties, books and records by the Agent and each of the Banks during normal business hours and at other reasonable times. Agent may be accompanied by representatives of any of the Banks during any such inspections. Borrower will reimburse the Agent and each of the Banks upon demand for all costs and expenses incurred by the Agent or any of the Banks in connection with any such inspection conducted by the Agent or any of the Banks during the continuance of while any Default or Event of Default under this AgreementAgreement has occurred and is continuing. A representative of Borrower may be present during any such inspection, provided that a particular representative's availability or unavailability shall not inhibit or delay such inspection. Borrower irrevocably authorizes shall permit the Agent and each of the Banks to communicate directly with its Borrower's independent public accountants and irrevocably authorizes to discuss the affairs, finances and directs such accountants to disclose to the Agent and each accounts of the Banks any and all information with respect to the business and financial condition of Borrower and its the Subsidiaries at such reasonable times and intervals and to such reasonable extent as the Agent may request. A representative of Borrower may be present and/or participate in any such communication with Borrower's accountants, provided that a particular representative's availability or any of the Banks may from time to time reasonably request in writingunavailability shall not inhibit or delay such communication.

Appears in 1 contract

Samples: Revolving Credit Agreement (Superior Energy Services Inc)

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