Maintenance of Financial Records; Inspections. Each Company agrees to maintain books and records pertaining to such Company's financial matters in such detail, form and scope as CIT reasonably shall require. The Companies agree that CIT or its agents may enter upon any Company's premises at any time during normal business hours, and from time to time, in order to (i) examine and inspect the books and records of any Company, and make copies thereof and take extracts therefrom, and (ii) verify, inspect and perform physical counts and other valuations of the Collateral and any and all records pertaining thereto. The Companies irrevocably authorize all accountants and third parties to disclose and deliver directly to CIT, at the Companies' expense, all financial statements and information, books, records, work papers and management reports generated by them or in their possession regarding the Companies or the Collateral. All costs, fees and expenses incurred by CIT in connection with such examinations, inspections, physical counts and other valuations shall constitute Out-of-Pocket Expenses for purposes of this Financing Agreement.
Maintenance of Financial Records; Inspections. Borrowers agree to maintain books and records pertaining to their financial matters in such detail, form and scope, for so long as the CIT Financing Agreement remains in effect, as CIT reasonably may require, and thereafter, as Investment Manager reasonably may require. Each Borrower agrees that Investment Manager, accompanied by any Lender (at such Lender's expense), and/or any agent designated by Investment Manager, upon notice to Borrowers (provided that such notice shall not be required after any Default or Event of Default shall have occurred), may enter upon such Borrower's premises at any time during normal business hours, and from time to time, in order to (i) examine and inspect the books and records of such Borrower, and make copies thereof and take extracts therefrom, and (ii) verify, inspect and perform physical counts and other valuations of the Collateral and any and all records pertaining thereto. Each Borrower irrevocably authorizes all accountants and third parties to disclose and deliver directly to Investment Manager and Lender, at such Borrower's expense, all financial statements and information, books, records, work papers and management reports generated by them or in their possession regarding such Company or the Collateral. All costs, fees and expenses incurred by Investment Manager in connection with such examinations, inspections, physical counts and other valuations shall constitute Fees reimbursable by Borrowers pursuant to SECTION 1.6 for purposes of this Agreement.
Maintenance of Financial Records; Inspections. Each Company and its respective Subsidiaries agrees to maintain books and records pertaining to such Company’s or Subsidiary’s financial matters in such detail, form and scope as is required for the reporting of its financial information in accordance with GAAP (or, in the case of a Foreign Subsidiary, the equivalent thereof in the country where such Foreign Subsidiary maintains its principal headquarters). Each Company agrees that the Agent, accompanied by any Lender (at such Lender’s expense), and/or any agent designated by the Agent, may enter upon any premises of any Company or any Subsidiary of a Company at any time during normal business hours, and from time to time upon reasonable advance notice, in order to (i) examine and inspect the books and records of any Company and its Subsidiaries, and make copies thereof and take extracts therefrom, and (ii) verify, inspect and perform physical counts and other valuations of the Collateral and any and all records pertaining thereto. All costs, fees and expenses incurred by the Agent in connection with such examinations, inspections, physical counts and other valuations shall constitute Out-of-Pocket Expenses for purposes of this Financing Agreement, but the Companies shall only be obligated to reimburse the Agent for the Out-of-Pocket Expenses incurred in connection with no more than two (2) examinations and inspections conducted during a Contract Year while no Event of Default exists. All Out-of-Pocket Expenses incurred with any examination or inspection conducted while an Event of Default exits shall not be subject to the foregoing limitation.
Maintenance of Financial Records; Inspections. Each Company agrees to maintain books and records pertaining to such Company’s financial matters in such detail, form and scope as the Agent reasonably may require. Each Company agrees that the Agent, and/or any agent designated by the Agent, may enter upon any Company’s premises at any time during normal business hours, and from time to time, in order to (i) examine and inspect the books and records of any Company, and make copies thereof and take extracts therefrom, and
Maintenance of Financial Records; Inspections. Each Credit Party agrees to maintain proper books of record and account in accordance with IFRS in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities. Each Credit Party agrees that Agent and any Lender (but at such Lender's expense unless such visit or inspection is made concurrently with Agent) may enter upon any Credit Party's premises upon reasonable notice to the Borrower Representative, in order to (i) examine and inspect the books and records of any Credit Party, and make copies thereof and take extracts therefrom, and (ii) verify and inspect and perform valuations of the Collateral and any and all records pertaining thereto; provided that Agent shall not exercise such rights more often than one (1) time during any calendar year; provided, further, that the foregoing limitation shall not apply to the exercise by Agent of such rights during the continuation of an Event of Default. All reasonable and documented out-of-pocket costs, fees and expenses incurred by Agent in connection with such permitted examinations, inspections, physical counts and other valuations shall constitute Out-of-Pocket Expenses for purposes of this Agreement. The Credit Parties irrevocably authorize all accountants, after the occurrence and during the continuance of an Event of Default, to discuss the financial statements generated by them regarding the Credit Parties or the Collateral.
Maintenance of Financial Records; Inspections. Such Company agrees to maintain books and records pertaining to its financial matters in such detail, form and scope as the Agent reasonably may require. Such Company agrees that the Agent, accompanied by any Lender (at such Lender's expense), and/or any agent designated by the Agent, upon notice to Borrowing Agent (provided that such notice shall not be required after any Default or Event of Default shall have occurred), may enter upon such Company's premises at any time during normal business hours, and from time to time, in order to (i) examine and inspect the books and records of such Company, and make copies thereof and take extracts therefrom, and (ii) verify, inspect and perform physical counts and other valuations of the Collateral and any and all records pertaining thereto. Such Company irrevocably authorizes all accountants and third parties to disclose and deliver directly to the Agent and the Lenders, at such Company's expense, all financial statements and information, books, records, work papers and management reports generated by them or in their possession regarding such Company or the Collateral. All costs, fees and expenses incurred by the Agent in connection with such examinations, inspections, physical counts and other valuations shall constitute Out-of-Pocket Expenses for purposes of this Financing Agreement.
Maintenance of Financial Records; Inspections. The Company agrees to maintain books and records pertaining to the Collateral and the Company's financial matters in such detail, form and scope as CIT reasonably shall require and agrees that such books and records will reflect CIT's interest in the Collateral. The Company agrees that CIT or its agents, upon at least twenty-four (24) hours prior notice from CIT to the Company (except that during the occurrence of a Default or Event of Default, no such notice shall be required), may enter upon the Company's premises at any time during normal business hours, and from time to time, in order to (i) examine and inspect the books and records of the Company, and make copies thereof and take extracts therefrom, and (ii) verify, inspect and perform physical counts and other valuations of the Collateral and any and all records pertaining thereto. The Company irrevocably authorizes all accountants and third parties to disclose and deliver directly to CIT, at the Company's expense, all financial statements and information, books, records, work papers and management reports generated by them or in their possession regarding the Company or the Collateral. All out-of-pocket costs, fees and expenses incurred by CIT in connection with such examinations, inspections, physical counts and other valuations shall constitute Out-of-Pocket Expenses.
Maintenance of Financial Records; Inspections. The Company agrees to maintain books and records pertaining to the Company's financial matters in such detail, form and scope as the Agent reasonably may require. The Company agrees (and agrees to cause each Originator and the Servicer to agree) that the Agent, and/or any agent designated by the Agent, upon reasonable prior notice to the Company and no more frequently than quarterly unless an Event of Default shall have occurred and be continuing, may enter upon the Company's, the Servicer's or any Originator's premises at any time during normal business hours, and from time to time, in order to (i) examine and inspect the books and records of the Company, the Servicer or any Originator, and make copies thereof and take extracts therefrom, and (ii) verify, inspect and perform valuations of the Collateral and any and all records pertaining thereto (provided, however, that prior to an Event of Default, the Company shall only be responsible for the costs associated with the activities described in clauses (i) and (ii) in the aggregate amount of $20,000 per year, plus Out-of-Pocket Expenses). The Company agrees, and agrees to cause the Servicer, to make its officers and employees available to discuss the business, operations, assets, financial and other condition of the Company with the Agent and its representatives, and to arrange discussions with their independent public accountants upon reasonable notice and so long as a senior officer of the Company is offered the opportunity to be present.
Maintenance of Financial Records; Inspections. Prior to the occurrence of any Default or Event of Default, each Company agrees to maintain books and records pertaining to such Company’s financial matters consistent with sound accounting practices and, after the occurrence of a Default or any Event of Default, each Company agrees to maintain books and records pertaining to such Company’s financial matters in such detail, form and scope as the Agent reasonably may require. Each Company agrees that the Agent, and/or any agent designated by the Agent, may enter upon any Company’s premises at any time during normal business hours, and from time to time, in order to (i) examine and inspect the books and records of any Company, and make copies thereof and take extracts therefrom, and (ii) verify, inspect and perform physical counts and other valuations of the Collateral and any and all records pertaining thereto. Each Company irrevocably authorizes all accountants and third parties to disclose and deliver directly to the Agent and the Lenders, at the Companies’ expense, all financial statements and information, books, records, work papers and management reports generated by them or in their possession regarding any Company or the Collateral. All costs, fees and expenses incurred by the Agent in connection with such examinations, inspections, physical counts and other valuations shall constitute Out-of-Pocket Expenses for purposes of this Financing Agreement.
Maintenance of Financial Records; Inspections. The Company agrees to maintain books and records pertaining to the Company’s financial matters in accordance with GAAP. The Company agrees that CIT or its agents may enter upon the Company’s premises at any time during normal business hours and upon reasonable prior notice, and from time to time, but unless an Event of Default exists, no more than four (4) times each year, in order to (i) examine and inspect the books and records of the Company, and make copies thereof and take extracts therefrom, and (ii) verify, inspect and perform physical counts and other valuations of the Collateral and any and all records pertaining thereto. The Company irrevocably authorizes all accountants and third parties to disclose and deliver directly to CIT, at the Company’s expense, subject to any rights of such accountants or third parties to refuse to so disclose or deliver on any basis other than lack of such authorization, all financial statements and information, books, records, work papers and management reports generated by them or in their possession regarding the Company or the Collateral. After and during the continuance of an Event of Default, and in addition to the Administrative Management Fees payable hereunder, all costs, fees and expenses incurred by CIT in connection with such examinations, inspections, physical counts and other valuations, including reasonable travel, meal and lodging expenses of CIT personnel, shall constitute Out-of-Pocket Expenses.
