Common use of Maintenance of Collateral; Inspection Clause in Contracts

Maintenance of Collateral; Inspection. Do all things reasonably necessary to maintain, preserve, protect and keep all tangible Collateral in good working order and salable condition, ordinary wear and tear excepted, utilize the Collateral for its intended use or as otherwise may be used in the ordinary course of Borrower’s business, and use the Collateral lawfully and, to the extent applicable, only as permitted by Borrower’s insurance policies. Maintain, or cause to be maintained, complete and accurate Records relating to the Collateral. Upon reasonable prior notice at reasonable times during normal business hours, Borrower hereby authorizes Agent and each Lender’s officers, employees, representatives and agents to inspect the Collateral and to discuss the Collateral and the Records relating thereto with Borrower’s officers and employees, and, in the case of any Right to Payment, with any Person which is or may be obligated thereon.

Maintenance of Collateral; Inspection. Do all things reasonably necessary to maintain, preserve, protect and keep all tangible Collateral in good working order and salable condition, ordinary wear and tear excepted, utilize deal with the Collateral for its intended use or in all commercially reasonable ways as otherwise may be used in the ordinary course are considered good practice by owners of Borrower’s businesslike property, and use the Collateral lawfully and, to the extent applicable, only as permitted by Borrower’s insurance policies. Maintain, or cause to be maintained, complete and accurate Records Records, in all material respects, relating to the Collateral. Upon reasonable prior notice at reasonable times during normal business hours, Borrower hereby authorizes Agent Agent’s and each Lender’s Lenders’ officers, employees, representatives and agents to inspect the Collateral and to discuss the Collateral and the Records relating thereto with Borrower’s officers and employees, and, in the case of any Right to Payment, after consultation with Borrower, with any Person which is or may be obligated thereon.

Maintenance of Collateral; Inspection. Do all things reasonably necessary to maintain, preserve, protect and keep all tangible Collateral in good working order and salable condition, ordinary wear and tear excepted, utilize deal with the Collateral for its intended use or in all commercially reasonable ways as otherwise may be used in the ordinary course are considered good practice by owners of Borrower’s businesslike property, and use the Collateral lawfully and, to the extent applicable, only as permitted by Borrower’s insurance policies. Maintain, or cause to be maintained, complete and accurate Records Records, in all material respects, relating to the Collateral. Upon reasonable prior notice at reasonable times during normal business hours, Borrower hereby authorizes Agent Agent’s and each Lender’s officers, employees, representatives and agents to inspect the Collateral and to discuss the Collateral and the Records relating thereto with Borrower’s officers and employees, and, in the case of any Right to Payment, after consultation with Borrower, with any Person which is or may be obligated thereon.