Common use of Place for Records; Inspection Clause in Contracts

Place for Records; Inspection. Borrower shall maintain all of its business records at the address specified at the beginning of this Agreement. Upon reasonable prior notice and at reasonable times during normal business hours, Administrative Agent shall have the right (through such agents or consultants as Administrative Agent may designate) to make copies of and abstracts from Borrower’s books of account, correspondence and other records and to discuss its financial and other affairs with any of its investors and any accountants hired by Borrower as well as to visit and inspect the Assets, it being agreed that Administrative Agent and each of the Lenders shall use reasonable efforts to not divulge confidential information obtained from such examination to others except in connection with Legal Requirements and in connection with administering the Facility, enforcing its rights and remedies under the Credit Documents and in the conduct, operation and regulation of its banking and lending business (which may include, without limitation, the transfer of the Facility or of participation interests therein provided that any such transferee or participant agrees to maintain the confidentiality thereof as required by this Agreement). Any assignee or transferee of the Facility or any holder of a participation interest in the Facility shall be entitled to deal with such information in the same manner and in connection with any subsequent transfer of its interest in the Facility or of further participation interests therein.

Appears in 3 contracts

Samples: Term Loan Agreement (Hines Real Estate Investment Trust Inc), Term Loan Agreement (Hines Real Estate Investment Trust Inc), Credit Agreement (Hines Real Estate Investment Trust Inc)

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Place for Records; Inspection. Borrower shall maintain all of its business records at the address specified at the beginning of this Agreementat: 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000. Upon reasonable prior notice and at reasonable times during normal business hours, Administrative Agent hours Lender shall have the right (through such agents or consultants as Administrative Agent Lender may designate) to examine Borrower’s property and make copies of and abstracts from Borrower’s books of account, correspondence and other records and to discuss its financial and other affairs with any of its investors owners and any accountants hired by Borrower as well as to visit and inspect the AssetsBorrower, it being agreed that Administrative Agent Lender may disclose any such information to Lender and each of the Lenders that Lender shall use reasonable efforts to not divulge confidential information obtained from such examination to others except in connection with Legal Requirements and in connection with administering the FacilityLoan, enforcing its rights and remedies under the Credit Loan Documents and in the conduct, operation and regulation of its their respective banking and lending business (which may include, without limitation, the transfer of the Facility Loan or of participation interests therein provided that any such transferee or participant agrees to maintain the confidentiality thereof as required by this Agreementtherein). Any assignee or transferee of the Facility Loan, co-lender, or any holder of a participation interest in the Facility Loan shall be entitled to deal with such information in the same manner and in connection with any subsequent transfer of its interest in the Facility Loan or of further participation interests therein. Lender agrees that, so long as no Event of Default exists, it shall not disclose to others material information obtained solely through the procedures set forth in this Section 9.12 except to an Eligible Assignee.

Appears in 1 contract

Samples: Loan Agreement (Clarion Partners Property Trust Inc.)

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Place for Records; Inspection. Borrower shall maintain all of its business records at the address specified at the beginning of this Agreement. Upon reasonable prior notice and as long as no Event of Default exists at reasonable times during normal business hours, hours Administrative Agent shall have the right (through such agents Administrative Agents or consultants Consultants as Administrative Agent may designate) to examine Borrower's property and make copies of and abstracts from Borrower’s 's books of account, correspondence and other records and to discuss its financial and other affairs with any of its investors owners and any accountants hired by Borrower as well as to visit and inspect the AssetsBorrower, it being agreed that Administrative Agent and each of the Lenders shall use reasonable efforts to not divulge confidential information obtained from such examination to others except in connection with Legal Requirements and in connection with administering the FacilityLoan, enforcing its rights and remedies under the Credit Loan Documents and in the conduct, operation and regulation of its banking and lending business (which may include, without limitation, the transfer of the Facility Loan or of participation interests therein provided that any such transferee or participant agrees to maintain the confidentiality thereof as required by this Agreementtherein). Any assignee or transferee of the Facility Loan, co-lenders, or any holder of a participation interest in the Facility Loan shall be entitled to deal with such information in the same manner and in connection with any subsequent transfer of its interest in the Facility Loan or of further participation interests therein.

Appears in 1 contract

Samples: Senior Loan Agreement (NNN 2002 Value Fund LLC)

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