Other Information and Inspections. After 72 hours prior written notice, the Company will furnish to Lender any information that Lender may from time to time reasonably request concerning any provision of the Loan Documents, any Collateral, or any matter in connection with the Company's businesses, properties, prospects, financial condition and operations. The Company will permit representatives appointed by Lender (including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) to visit and inspect during normal business hours any of the Company's property, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company shall permit Lender or its representatives to investigate and verify the accuracy of the information furnished to the Lender in connection with the Loan Documents and to discuss all such matters with its officers, employees and representatives. Lender agrees that it will take all reasonable steps to keep confidential any proprietary information given to it by the Company, provided, however, that this restriction shall not apply to information which (i) has at the time in question entered the public domain, (ii) is required to be disclosed by Law (whether valid or invalid), (iii) is disclosed to Lender's Affiliates, auditors, attorneys or agents (provided such Persons are obligated to hold such information in confidence on the terms provided in this section), (iv) is furnished to Lender or to any purchaser or prospective purchaser of participations in any Loan or Loan Document (provided each such purchaser or prospective purchaser first agrees to hold such information in confidence on the terms provided in this section), or (v) is disclosed in the course of enforcing its rights and remedies during the existence of an Event of Default.
Appears in 2 contracts
Samples: Loan Agreement (Iexalt Inc), Loan Agreement (Iexalt Inc)
Other Information and Inspections. After 72 hours prior written noticeBorrowers will, the Company and will cause each Restricted Person to, furnish to Lender Agent any information that Lender which Agent may from time to time reasonably request concerning any covenant, provision or condition of the Loan Documents, any Collateral, Documents or any matter in connection with the Company's businesses, properties, prospects, financial condition Restricted Persons' businesses and operations. The Company Each Restricted Person will permit representatives appointed by Lender (Agent, including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) persons, to visit and inspect any of such Restricted Person's property during normal business hours any of the Company's propertyoffice hours, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company each Restricted Person shall permit Lender Agent or its representatives to investigate and verify the accuracy of the information furnished to the Lender Agent in connection with the Loan Documents and to discuss all such matters with its officers, employees and representatives. Lender Each of Agent and Lenders agrees that it will take all reasonable steps to keep confidential any proprietary information given to it by the Companyany Restricted Person, provided, however, that this restriction shall not apply to information which (i) has at the time in question entered the public domain, (ii) is required to be disclosed by Law law or by any order, rule or regulation (whether valid or invalid)) of any court or governmental agency or authority, (iii) is disclosed to Lender's Agent or any Lender or any of their respective examiners, Affiliates, auditors, attorneys or agents (provided such Persons are obligated to hold such information in confidence on which Affiliates, auditors, attorneys, and agents shall be deemed bound by the terms provided in restrictions of this sectionsentence), (iv) is furnished to Lender prospective successor Agents or to any purchaser purchasers or prospective purchaser purchasers of participations or interests in any Loan the Loans or Loan Document the Notes (provided each that any such purchaser or prospective purchaser first agrees Persons who are not Affiliates of a Lender have agreed to hold such information in confidence on be bound by the terms provided in restrictions of this sectionsentence), or (v) is disclosed in connection with enforcement of the course of enforcing its rights and remedies Loan Documents during the existence continuance of an Event of a Default.
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Other Information and Inspections. After 72 hours prior written notice, the Company The Issuer will furnish to Lender the Purchaser any information that Lender which the Purchaser may from time to time reasonably request in writing concerning any covenant, provision or condition of the Loan Documents, any Collateral, Transaction Documents or any matter in connection with the CompanyIssuer's businessesassets, propertiesbusiness and/or operations (other than geological, prospects, financial condition geophysical and operationsother technical data relating to assets other than the Properties). The Company Issuer will permit representatives appointed by Lender the Purchaser (including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) ), at the risk and expense of the Purchaser or such representatives, to visit and inspect inspect, during normal reasonable business hours any of the Company's propertyand upon reasonable prior written notice, including its books of account, account and other books and recordsrecords relating to the Properties and other Collateral, and any facilities or other business assetsassets relating to the Collateral, and to make extra copies therefrom and photocopies and and/or photographs thereof, and to write down and record any information such representatives obtain, and the Company Issuer shall permit Lender the Purchaser or its representatives to investigate and verify the accuracy of the information furnished to the Lender Purchaser in connection with the Loan Transaction Documents and to discuss all such matters with its officers, employees and representatives. Lender In addition, the Issuer will permit any such representatives appointed by the Purchaser, at the risk and expense of the Purchaser or such representatives, to visit and inspect, during reasonable hours and upon similar advance written notice, the Properties and other Collateral. The Purchaser agrees that it will take all reasonable steps to keep confidential any proprietary information given to it by the Company, Issuer; provided, however, that this restriction shall not apply to information which (i) has is at the time in question entered the public domainpublicly available, (ii) is required to be disclosed by Law law or by any order, rule or regulation (whether valid or invalid)) of any court or governmental agency, or authority, (iii) is disclosed to Lenderthe Purchaser's Affiliates, auditors, attorneys attorneys, Purchasers or agents (provided such Persons are obligated to hold such information in confidence on the terms provided in this section), (iv) is furnished to Lender or to any purchaser or prospective purchaser of participations in any Loan or Loan Document (provided each such purchaser or prospective purchaser first agrees to hold such information in confidence on the terms provided in this section)agents, or (viv) is disclosed in the course of enforcing the defense or enforcement of the Transaction Documents or the defense or enforcement of the Purchaser's exercise of its rights and remedies during thereunder, provided that with respect to information finished to Persons identified in clause (iii) (except when furnished pursuant to clause (iv)) such Person shall be subject to the existence of an Event of Defaultforegoing confidentiality obligations applicable to the Purchaser.
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Other Information and Inspections. After 72 hours prior written notice, the Company Each Loan Party will furnish to Lender the Agent any information that Lender which the Banks may from time to time reasonably request through the Agent concerning any covenant, provision or condition of the Loan Documents, any Collateral, Documents or any matter in connection with the Company's businesses, properties, prospects, financial condition such Persons' businesses and operations, including without limitation business plans, environmental compliance matters, budgets, forecasts and sales reports. The Company Subject to SECTION 6.2(F), each Loan Party will permit representatives appointed by Lender the Agent (including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) to visit and inspect during normal business hours at their sole risk and inspect any of the Companysuch Person's propertyProperty, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company each Loan Party shall permit Lender the Agent or its representatives to investigate and verify the accuracy of the information furnished to the Lender Agent in connection with the Loan Documents and to discuss all such matters with its officers, employees and representatives. Lender Each of the Agent, the Issuing Bank and each Bank agrees that it will take all reasonable steps to keep confidential any proprietary information given to it by the Companyany Loan Party, provided, however, that this restriction shall not apply to information which (i) has at the time in question entered the public domain, (ii) is required to be disclosed by any Requirement of Law (whether valid or invalid)) of any Governmental Authority, (iii) is disclosed to Lender's Affiliatesany Affiliate of the Agent, the Issuing Bank or any Bank, auditors, attorneys attorneys, or agents (provided such Persons are obligated to hold such information in confidence on the terms provided in this section)agents, or (iv) is furnished to Lender or to any purchaser or prospective purchaser of participations or other interests in the Loans or the Notes or the Letters of Credit. Notwithstanding anything to the contrary contained herein, none of the Agent, the Issuing Bank nor any Bank nor any of their respective representatives shall be entitled to view or copy any information in any Loan or Loan Document (provided each Party's possession which is subject to any confidentiality agreement with any third party without having first entered into and agreeing to be bound by such purchaser or prospective purchaser first agrees to hold such information in confidence on the terms provided in this section), or (v) is disclosed in the course of enforcing its rights and remedies during the existence of an Event of Defaultconfidentiality agreement.
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Other Information and Inspections. After 72 hours prior written notice, the The Company will furnish to each Lender any information that Lender which Majority Lenders may from time to time reasonably request concerning any provision of the Loan Documents, any Collateral, or any matter in connection with the Company's businesses, properties, prospects, financial condition and operations. The Company will permit representatives appointed by Lender Majority Lenders (including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) to visit and inspect during normal business hours any of the Company's property, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company shall permit Lender Majority Lenders or its their representatives to investigate and verify the accuracy of the information furnished to the Lender Lenders in connection with the Loan Documents and to discuss all such matters with its officers, employees and representatives. Each Lender agrees that it will take all reasonable steps to keep confidential any proprietary information given to it by the Company, provided, however, that this restriction shall not apply to information which (i) has at the time in question entered the public domain, (ii) is required to be disclosed by Law (whether valid or invalid), (iii) is disclosed to any Lender's Affiliates, auditors, attorneys or agents (provided such Persons are obligated to hold such information in confidence on the terms provided in this section), (iv) is furnished to any other Lender or to any purchaser or prospective purchaser of participations in any Loan or Loan Document (provided each such purchaser or prospective purchaser first agrees to hold such information in confidence on the terms provided in this section), or (v) is disclosed in the course of enforcing its rights and remedies during the existence of an Event of Default.
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Other Information and Inspections. After 72 hours prior written notice, the Company Each Related Person will furnish to Lender any information that which Lender may from time to time reasonably request concerning any covenant, provision or condition of the Loan Documents, any Collateral, Documents or any matter in connection with the Company's businesses, properties, prospects, financial condition Related Persons' businesses and operations. The Company Each Related Person will permit representatives appointed by Lender (including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) to visit and inspect any of such Related Person's property during normal business hours any of the Company's propertyhours, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company each Related Person shall permit Lender or its representatives to investigate and verify the accuracy of the information furnished to the Lender in connection with the Loan Documents and to discuss all such matters with its officers, employees and representatives. Lender agrees that that, until the occurrence of an Event of Default, it will take all reasonable steps to keep confidential any proprietary information given to it by the Companyany Related Person, provided, however, that this restriction shall not apply to information which (i) has at the time in question entered the public domain, (ii) is required to be disclosed by Law law or by any order, rule or regulation (whether valid or invalid)) of any court or governmental agency, or authority, (iii) is disclosed to Lender's Affiliates, auditors, attorneys attorneys, or agents (provided such Persons are obligated to hold such information in confidence on the terms provided in this section)agents, or (iv) is furnished to Lender or to any purchaser or prospective purchaser of participations or other interests in the Loan or any Loan or Loan Document (provided each such purchaser or prospective purchaser first agrees to hold such information in confidence on the terms provided in this section), or (v) is disclosed in the course of enforcing its rights and remedies during the existence of an Event of DefaultDocument.
Appears in 1 contract
Samples: Credit Agreement (WRT Energy Corp)
Other Information and Inspections. After 72 hours prior written notice, the Company Borrower will furnish to Lender Lenders any information that which any Lender may from time to time reasonably request concerning any covenant, provision or condition of the Loan Documents, any Collateral, Documents or any matter in connection with Borrower's business and operations that could reasonably be deemed to materially and adversely affect the Company's businesses, properties, prospects, financial condition and operationsLoan. The Company Borrower will permit representatives appointed by Lender (any Lender, including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) persons, to visit and inspect during normal business hours inspect, at their sole risk, any of the CompanyBorrower's property, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company Borrower shall permit any Lender or its representatives to investigate and verify the accuracy of the information furnished to the any Lender in connection with the Loan Documents and to discuss all such matters with its officers, employees and representatives. Each Lender agrees that that, until the occurrence of a Default, it will take all reasonable steps to keep confidential any such proprietary information given to it by the Companyinformation, provided, however, that this restriction shall not apply to information which which: (i1) has at the time in question entered the public domain, (ii2) is required to be disclosed by Law law or by any order, rule or regulation (whether valid or invalid)) of any court or governmental agency, or (iii) is disclosed to Lender's Affiliates, auditors, attorneys or agents (provided such Persons are obligated to hold such information in confidence on the terms provided in this section), (iv3) is furnished to Lender or to any purchaser purchasers or prospective purchaser purchasers of participations or interests in any the Loan or Loan Document (provided each the Notes so long as such purchaser or purchasers and prospective purchaser first agrees purchasers have agreed to hold such information in confidence on the terms provided in be subject to restrictions identical to those imposed upon Lenders under this section), or (v) is disclosed in the course of enforcing its rights and remedies during the existence of an Event of Defaultsentence.
Appears in 1 contract
Other Information and Inspections. After 72 hours prior written notice, the Company Each Restricted Person will furnish to each Lender any information that Lender which Administrative Agent may from time to time reasonably request concerning any provision covenant, provision, representation or condition of the Loan Documents, any Collateral, Documents or any matter in connection with the Company's Restricted Persons' businesses, properties, prospects, financial condition and operationsoperations and statements and schedules identifying and describing the Collateral and all other reports and information requested in connection with the Collateral, all in reasonable detail. The Company Each Restricted Person will permit representatives appointed by Lender Administrative Agent (and after the occurrence and during the continuance of an Event of Default, representatives appointed by any Lender) (including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) upon reasonable notice to visit and inspect during normal business hours any of the Companysuch Restricted Person's property, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company each Restricted Person shall permit Administrative Agent or its representatives (and after the occurrence and during the continuance of an Event of Default, any Lender or its representatives representatives) to investigate and verify the accuracy of the information furnished to the Administrative Agent or any Lender in connection with the Loan Documents Documents, the Acquisition Agreement and the KPC Notes and to discuss all such matters with its officers, employees and representatives. Lender agrees that it Each Restricted Person will take all reasonable steps to keep confidential any proprietary information given to it by adequate records concerning the Company, provided, however, that this restriction shall not apply to information which (i) has at the time in question entered the public domain, (ii) is required to be disclosed by Law (whether valid or invalid), (iii) is disclosed to Lender's Affiliates, auditors, attorneys or agents (provided such Persons are obligated to hold such information in confidence on the terms provided in this section), (iv) is furnished to Lender or to any purchaser or prospective purchaser of participations in any Loan or Loan Document (provided each such purchaser or prospective purchaser first agrees to hold such information in confidence on the terms provided in this section), or (v) is disclosed in the course of enforcing its rights and remedies during the existence of an Event of DefaultCollateral.
Appears in 1 contract
Other Information and Inspections. After 72 hours prior written notice, the Company The Supplier will furnish to Lender each Significant Holder of the Receivables and each Significant Holder of the Notes any information that Lender which such Significant Holder may from time to time reasonably request concerning any covenant, provision or condition of the Loan Documents, any Collateral, Transaction Documents or any matter in connection with the CompanySupplier's businesses, properties, prospects, financial condition businesses and operations. The Company During normal business hours, the Supplier will permit representatives appointed by Lender (of a majority of the Significant Holder(s) of the Receivables and/or a majority of the Significant Holder(s) of the Notes, including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) persons, upon three Business Days' notice (or, if a Default has occurred, no notice), to visit and inspect during normal business hours any of the CompanySupplier's property, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company . The Supplier shall permit Lender or its such representatives to investigate and verify the accuracy of the information furnished to the Lender Significant Holder(s) of the Receivables and the Significant Holder(s) of the Notes in connection with the Loan Transaction Documents and to discuss all such matters with its the Supplier's officers, employees and representatives. Lender Each Significant Holder of the Receivables and each Significant Holder of the Notes agrees that that, until the occurrence of a Payment Event of Default or an Insolvency Event of Default, it will take all reasonable steps to keep confidential any proprietary information given to it by the CompanySupplier, provided, however, that this restriction shall not apply to information which (i) has at the time in question entered the public domaindomain other than by reason of breach of this provision by any Holder of any Receivable or any Holder of any Note, (ii) is required to be disclosed by Law law or by any order, rule or regulation (whether valid or invalid)) of any court or governmental agency, or authority or by the National Association of Insurance Commissioners, (iii) is disclosed to Lender's Affiliatesany of Affiliates of any Holder of any Receivable or any Holder of any Note, auditors, attorneys attorneys, or agents (provided of the Significant Holder(s) of the Receivables or the Significant Holder(s) of the Notes so long as the Significant Holder(s) of the Receivables or the Significant Holder(s) of the Notes, as the case may be, requests that such Persons are obligated to hold person or persons keep such information confidential in confidence on accordance with the terms provided in of the confidentiality provisions of this section), Section 7.2(c) or (iv) is furnished to Lender or to any purchaser purchasers or prospective purchaser purchasers of participations or other interests in any Loan the Receivables or Loan Document (provided each the Notes; so long as the Significant Holder(s) of the Receivables and/or the Significant Holder(s) of the Notes, as the case may be, requests that such purchaser person or prospective purchaser first agrees to hold persons keep such information confidential in confidence on accordance with the terms provided in of the confidentiality provisions of this sectionSection 7.2(c), or (v) is disclosed in the course of enforcing its rights and remedies during the existence of an Event of Default.
Appears in 1 contract
Other Information and Inspections. After 72 hours prior written notice, the Company Each Restricted Person will furnish to Administrative Agent and each Lender any information that Lender Administrative Agent may from time to time reasonably request be furnished to the Lenders concerning any provision of the Loan Documents, any Collateral, or any matter in connection with the Company's businesses, properties, prospects, financial condition and operationsoperations of any Restricted Person, including all reports obtained by any Restricted Person with respect to environmental matters that Administrative Agent from time to time reasonably requests in writing and all evidence that Administrative Agent from time to time reasonably requests in writing as to the accuracy and validity of or compliance with all representations, warranties and covenants made by any Restricted Person in the Loan Documents, the satisfaction of all conditions contained therein, and all other matters pertaining thereto. The Company Each Restricted Person will permit representatives appointed by Lender Administrative Agent (including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) ), upon reasonable prior notice, to visit and inspect during normal business hours any of the Company's such Restricted Person’s property, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company each Restricted Person shall permit Lender Administrative Agent or its representatives to investigate and verify the accuracy of the information furnished to the Administrative Agent or any Lender in connection with the Loan Documents and to discuss all such matters with its officers, employees and representatives. Lender agrees that it will take all reasonable steps to keep confidential any proprietary information given to it by the Company, provided, however, that this restriction shall not apply to information which (i) has at the time in question entered the public domain, (ii) is required to be disclosed by Law (whether valid or invalid), (iii) is disclosed to Lender's Affiliates, auditors, attorneys or agents (provided such Persons are obligated to hold such information in confidence on the terms provided in this section), (iv) is furnished to Lender or to any purchaser or prospective purchaser of participations in any Loan or Loan Document (provided each such purchaser or prospective purchaser first agrees to hold such information in confidence on the terms provided in this section), or (v) is disclosed in the course of enforcing its rights and remedies during the existence of an Event of Default.
Appears in 1 contract
Other Information and Inspections. After 72 hours prior written noticeEach of Borrower, the Company Parent and DEOC will, and will cause each Restricted Person to, furnish to Lender Agent any information that Lender which Agent may from time to time reasonably request concerning any covenant, provision or condition of the Loan Documents, any Collateral, Documents or any matter in connection with the Company's businesses, properties, prospects, financial condition Restricted Persons' businesses and operations. The Company Each Restricted Person will permit representatives appointed by Lender (Agent, including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) persons, to visit and inspect any of such Restricted Person's property during normal business hours any of the Company's propertyoffice hours, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company each Restricted Person shall permit Lender Agent or its representatives to investigate and verify the accuracy of the information furnished to the Lender Agent in connection with the Loan Documents and to discuss all such matters with its officers, employees and representatives. Lender Each of Agent and Lenders agrees that it will take all reasonable steps to keep confidential any proprietary information given to it by the Companyany Restricted Person, provided, however, that this restriction shall not apply to information which (i) has at the time in question entered the public domain, (ii) is required to be disclosed by Law law or by any order, rule or regulation (whether valid or invalid)) of any court or governmental agency or authority, (iii) is disclosed to Lender's Agent or any Lender or any of their respective examiners, Affiliates, auditors, attorneys or agents (provided such Persons are obligated to hold such information in confidence on which Affiliates, auditors, attorneys, and agents shall be deemed bound by the terms provided in restrictions of this sectionsentence), (iv) is furnished to Lender prospective successor Agents or to any purchaser purchasers or prospective purchaser purchasers of participations or interests in any Loan the Loans or Loan Document the Notes (provided each that any such purchaser or prospective purchaser first agrees Persons who are not Affiliates of a Lender have agreed to hold such information in confidence on be bound by the terms provided in restrictions of this sectionsentence), or (v) is disclosed in connection with enforcement of the course of enforcing its rights and remedies Loan Documents during the existence continuance of an Event of a Default.
Appears in 1 contract
Other Information and Inspections. After 72 hours prior written notice, the Company Each Restricted Person will furnish to each Lender promptly, and in any event within 30 days, any information that Lender Administrative Agent may from time to time reasonably request concerning any provision of the Loan Documents, any Collateral, or any matter in connection with the Company's businesses, properties, prospects, financial condition and operationsoperations of any Restricted Person, including all evidence that Administrative Agent from time to time reasonably requests in writing for purposes of making determinations regarding the accuracy and validity of representations and warranties (when made) by any Restricted Person in the Loan Documents (without any requirement that the Borrower or any other Restricted Person bring down or make such representations and warranties at such time) or compliance with covenants by any Restricted Person in the Loan Documents, the satisfaction of all conditions contained therein, and all other matters pertaining thereto. The Company Each Restricted Person will permit representatives appointed by Lender Administrative Agent (including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) to visit and inspect during normal business hours any of the Company's such Restricted Person’s property, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company each Restricted Person shall permit Lender Administrative Agent or its representatives to investigate and verify the accuracy of the information furnished to the Administrative Agent or any Lender in connection with the Loan Documents and to discuss all such matters with its officers, employees and representatives. Lender agrees ; provided that it will take all reasonable steps to keep confidential any proprietary information given to it by the Companyso long as no Event of Default shall have occurred and be continuing, provided, however, that this restriction Borrower shall not apply to information which (i) has at the time in question entered the public domain, (ii) is only be required to be disclosed by Law (whether valid or invalid), (iii) is disclosed to Lender's Affiliates, auditors, attorneys or agents (provided reimburse Administrative Agent for two such Persons are obligated to hold such information in confidence on the terms provided in this section), (iv) is furnished to Lender or to any purchaser or prospective purchaser of participations in any Loan or Loan Document (provided each such purchaser or prospective purchaser first agrees to hold such information in confidence on the terms provided in this section), or (v) is disclosed in the course of enforcing its rights site visits and remedies during the existence of an Event of Defaulttwo comprehensive inspections per Fiscal Year.
Appears in 1 contract
Other Information and Inspections. After 72 hours prior written notice, the Company Each Related Person will --------------------------------- furnish to Agent and each Lender any information that Lender which Agent may from time to time reasonably request on behalf of itself or any Lender concerning any covenant, provision or condition of the Loan Documents, any Collateral, Documents or any matter in connection with the Company's businesses, properties, prospects, financial condition Related Persons' businesses and operations. The Company Each Related Person will permit representatives appointed by Lender (Agent on behalf of Lenders, including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) persons, to visit and inspect during normal business hours any of the Companysuch Related Person's property, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company each Related Person shall permit Lender Agent or its representatives representatives, on behalf of Lenders, to investigate and verify the accuracy of the information furnished to the Agent or any Lender in connection with the Loan Documents and to discuss all such matters with its officers, employees and representatives. Lender Each of Agent and Lenders agrees that that, until the occurrence of a Default, it will take all reasonable steps to keep confidential any proprietary information given to it by regarding lists of customers of Borrower and its Subsidiaries and the Company, terms of contracts of Borrower and its Subsidiaries with purchasers and producers; provided, however, that this restriction shall not apply to information which (i) has at the time in question entered the public domain, (ii) is required to be disclosed by Law law or by any order, rule or regulation (whether valid or invalid)) of any court or governmental agency, or (iii) is disclosed to Lender's Affiliates, auditors, attorneys or agents (provided such Persons are obligated to hold such information in confidence on the terms provided in this section), (iv) is furnished to Lender or to any purchaser purchasers or prospective purchaser purchasers of participations in any Loan or Loan Document (provided each such purchaser or prospective purchaser first agrees to hold such information in confidence on the terms provided in this section), or (v) is disclosed interests in the course of enforcing its rights Loans or the Notes so long as such purchasers and remedies during the existence of an Event of Defaultprospective purchasers have agreed to be subject to restrictions identical to those imposed upon Agent and each Lender under this sentence.
Appears in 1 contract
Other Information and Inspections. After 72 hours prior written notice, the Company Borrower will furnish to Lender any information that which Lender may from time to time reasonably request concerning any covenant, provision or condition of the Loan Documents, any Collateral, Documents or any matter in connection with the Company's businesses, properties, prospects, financial condition Related Persons" and their Subsidiaries" businesses and operations. The Company Each Related Person will permit representatives appointed by Lender (including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) upon reasonable notice and during normal business hours to visit and inspect during normal business hours any of the Companysuch Related Person's property, including its books of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and the Company each Related Person shall permit Lender or its representatives to investigate and verify the accuracy of the information furnished to the Lender in connection with the Loan Documents and to discuss all such matters with its officers, employees officers and representatives. Lender agrees that it will take all reasonable steps to keep confidential any proprietary information given to it by the Companyany Related Person, provided, however, that this restriction shall not apply to information which (i) has at the time in question entered the public domain, (ii) is required to be disclosed by Law law or by any order, rule or regulation (whether valid or invalid)) of any court or governmental agency, or authority, (iii) is disclosed to Lender's Affiliates, auditors, attorneys attorneys, or agents (provided such Persons are obligated to hold such information in confidence on the terms provided in this section)agents, (iv) is furnished to Lender or to any purchaser or prospective purchaser of participations participation or other interests in any the Loan or Loan Document (provided each such purchaser or prospective purchaser first agrees to hold such information in confidence on the terms provided in this section)Note, or (v) is disclosed by Lender, to the extent reasonably necessary, in connection with Lender's collecting the course of Obligations or enforcing its rights and remedies during under the existence Loan Documents following the occurrence of an Event of Default.
Appears in 1 contract
Samples: Credit Agreement (Offshore Energy Development Corp)