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 sufficient to permit the preparation of financial statements in accordance with GAAP and in which true, correct and complete entries shall be made of all dealings and transactions in relation to its business. Borrower will, and it will cause each Subsidiary to, permit the Agent and each Lender (and any Person appointed by the Agent or any Lender to whom Borrower do not reasonably object) to discuss the affairs, finances and accounts of Borrower and each Subsidiary with the officers of Borrower and each Subsidiary, and, upon reasonable oral or written notice to Borrower, all at such reasonable times and as often as the Agent or any Lender 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 Lender, upon reasonable oral or written notice to Borrower, during normal business hours and at other reasonable times. Borrower will reimburse the Agent and each Lender upon demand for all reasonable costs and expenses incurred by the Agent or any Lender in connection with one (1) such inspection conducted each year prior to the occurrence of any Default or Event of Default under this Agreement, and Borrower will reimburse the Agent and each Lender upon demand for all reasonable costs and expenses incurred by the Agent or any Lender in connection with any such inspection conducted by the Agent or any Lender while any Default or Event of Default under this Agreement has occurred and is continuing. Borrower irrevocably authorizes the Agent and each Lender to, upon oral or written notice to Borrower, communicate directly with Borrower’s independent public accountants and irrevocably authorizes and directs such accountants to disclose to the Agent and each Lender any and all information with respect to the business and financial condition of Borrower and its Subsidiaries as the Agent or any Lender may from time to time reasonably request in writing.

Appears in 2 contracts

Samples: Loan Agreement (Schiff Nutrition International, Inc.), Loan Agreement (Schiff Nutrition International, Inc.)

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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 true, correct and complete entries shall be made of all dealings and transactions in relation to its business. Borrower will, and it will cause each Subsidiary to, permit the Agent and each Lender (and any Person appointed by the Agent or any Lender to whom Borrower do not reasonably objectLender) to discuss the affairs, finances and accounts of Borrower and each Subsidiary with the officers of Borrower and each Subsidiary, Subsidiary and, upon reasonable oral or written notice to Borrower, its independent public accountants, all at such reasonable times and as often as the Agent or any Lender 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 Lender, upon reasonable oral or written notice to Borrower, Lender during normal business hours and at other reasonable times. Borrower will reimburse the Agent and each Lender upon demand for all reasonable costs and expenses incurred by the Agent or any Lender in connection with one (1) such inspection conducted each year prior to the occurrence of any Default or Event of Default under this Agreement, and Borrower will reimburse the Agent and each Lender upon demand for all reasonable costs and expenses incurred by the Agent or any Lender in connection with any such inspection conducted by the Agent or any Lender while any Default or Event of Default under this Agreement has occurred and is continuing. Borrower irrevocably authorizes the Agent and each Lender to, upon oral or written notice to Borrower, communicate directly with Borrower’s their independent public accountants and irrevocably authorizes authorize and directs direct such accountants to disclose to the Agent and each Lender any and all information with respect to the business and financial condition of Borrower and its Subsidiaries as the Agent or any Lender may from time to time reasonably request in writing.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Accentia Biopharmaceuticals Inc), Revolving Credit Agreement (Accentia Biopharmaceuticals 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 sufficient to permit the preparation of financial statements in accordance with GAAP and in which truefull, true and correct and complete entries shall be made of all dealings and transactions in relation to its businessbusiness and activities. Borrower will, and it will cause each Subsidiary of its Subsidiaries to, permit the Agent and each Lender (and any Person appointed by the Agent or any Lender to whom Borrower do not reasonably objectLender) to visit and inspect its Properties, to examine and make abstracts or copies from its books and records, to conduct a collateral and/or other audit and analysis of the Accounts, Documents, Instruments, Inventory, Equipment and all other items, information or data related in any way to the Collateral and to discuss the its affairs, finances and accounts of Borrower with its officers, employees and each Subsidiary with the officers of Borrower and each Subsidiary, and, upon reasonable oral or written notice to BorrowerAccountants, all at such reasonable times and as often as the Agent or any Lender may from time to time reasonably request. Borrower will also permit, provided that, Lender shall only be entitled to conduct such inspections, examinations and will cause each Subsidiary to permit, inspection of its Properties, books and records by the Agent and each Lender, upon reasonable oral or written notice to Borrower, during normal business hours and at other reasonable times. Borrower will reimburse the Agent and each Lender upon demand for all reasonable costs and expenses incurred by the Agent or reviews twice in any Lender in connection with one (1) such inspection conducted each year prior to the occurrence of any Default or rolling twelve-month period so long as no Event of Default under this Agreement, and Borrower will reimburse the Agent and each Lender upon demand for all reasonable costs and expenses incurred by the Agent or any Lender in connection with any such inspection conducted by the Agent or any Lender while any Default or Event of Default under this Agreement has occurred and is continuing. Borrower irrevocably authorizes the Agent and each Lender to, upon oral or written notice such Person to Borrower, communicate directly with Borrower’s independent public accountants its respective Accountants and each irrevocably authorizes and directs such accountants Accountants to disclose to the Agent and each Lender any and all information with respect to the business and financial condition of Borrower and its Subsidiaries as the Agent or any Lender may from time to time reasonably request in writing. Borrower agrees to reimburse Lender upon demand for all costs and expenses incurred by Lender in connection with any inspection examination, consultation or other review hereunder conducted by Lender (and any Person appointed by Lender) in a manner consistent with Lender’s process for charging similarly situated borrowers.

Appears in 1 contract

Samples: Financing Agreement (Vanguard Car Rental 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 sufficient to permit the preparation of financial statements in accordance with GAAP and in which truefull, true and correct and complete entries shall be made of all dealings and transactions in relation to its businessbusiness and activities. Borrower will, and it will cause each Subsidiary of its Subsidiaries to, permit the Agent and each Lender (and any Person appointed by the Agent or any Lender to whom Borrower do 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, upon reasonable oral or written notice to Borrower, all at such reasonable times and as often as the Agent or any Lender may from time to time reasonably request. 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 Lender, upon reasonable oral or written notice to Borrower, Lender during normal business hours and at other reasonable times. Borrower will reimburse the Agent and each Lender times upon demand for all reasonable costs and expenses incurred by the Agent or any Lender in connection with at least one (1) Domestic Business Day's prior oral or written notice from Lender to Borrower (provided, however, that no such inspection conducted each year prior to the occurrence of notice need be given by Lender if any Default or Event of Default under this Agreement, Agreement has occurred and is continuing). Borrower will reimburse the Agent and each Lender upon demand for all ail reasonable costs and expenses incurred by the Agent or any Lender in connection with any such inspection conducted by the Agent or any Lender while any Default or Event of Default under this Agreement has occurred and is continuing. Borrower irrevocably authorizes the Agent and each Lender to, upon oral if any Default or written notice to BorrowerEvent of Default under this Agreement has occurred and is continuing, communicate directly with Borrower’s its independent public accountants and irrevocably authorizes and directs such accountants to disclose to the Agent and each Lender any and all information with respect to the business and financial condition of Borrower and its Subsidiaries as the Agent or any Lender may from time to time reasonably request in writingwriting (with a copy of such request to be sent to Borrower).

Appears in 1 contract

Samples: Loan Agreement (Interlott Technologies Inc)

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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 true, correct and complete entries shall be made of all dealings and transactions in relation to its businessbusiness and activities. Borrower will, and it will cause each Subsidiary to, permit the Agent and each Lender (and any Person appointed by the Agent or any Lender to whom Borrower do 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, upon reasonable oral or written notice to BorrowerSubsidiary and their independent public accountants, all at such reasonable times and as often as the Agent or any Lender 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 Lender, upon reasonable oral or written notice to Borrower, Lender during normal business hours and at other reasonable times. Borrower will reimburse the Agent and each Lender upon demand for all reasonable costs and expenses incurred by the Agent or any Lender in connection with one (1) such inspection conducted each year prior to the occurrence of any Default or Event of Default under this Agreement, and Borrower will reimburse the Agent and each Lender upon demand for all reasonable costs and expenses incurred by the Agent or any Lender in connection with any such inspection conducted by the Agent or any Lender while any Default or Event of Default under this Agreement has occurred and is continuing. Borrower irrevocably authorizes the Agent and each Lender to, upon oral or written notice to Borrower, communicate directly with Borrower’s its independent public accountants and irrevocably authorizes and directs such accountants to disclose to the Agent and each Lender any and all information with respect to the business and financial condition of Borrower and its Subsidiaries each Subsidiary as the Agent or any Lender may from time to time reasonably request in writing.

Appears in 1 contract

Samples: Loan Agreement (Air Methods Corp)

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