Common use of Place for Records; Inspection Clause in Contracts

Place for Records; Inspection. Each Borrower shall maintain all of their business records at the addresses set forth in Section 6.7.1 of the Disclosure Schedule. Upon reasonable notice and at reasonable times during normal business hours the Agent and each Lender shall have the right (through such agents or consultants as the Agent or any Lender may designate) to examine the foregoing Persons’ property and make copies of and abstracts from such Persons’ books of account, correspondence and other records and to discuss its financial and other affairs with any of its senior officers and any accountants hired by any of the foregoing Persons, it being agreed that the Agent and each Lender shall not divulge information obtained from such examination to others except in connection with Legal Requirements and in connection with administering the Loan, enforcing their rights and remedies under the Loan Documents and in the conduct, operation and regulation of its banking and lending business (which may include, without limitation, the transfer of the Loan or of participation interests therein). Any transferee of the Loan or any holder of a participation interest in the 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 Loan or of further participation interests therein.

Appears in 2 contracts

Samples: Warehousing Credit and Security Agreement (Centerline Holding Co), Warehousing Credit and Security Agreement (Centerline Holding Co)

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Place for Records; Inspection. Each Borrower shall maintain all of their its business records at the addresses set forth in Section 6.7.1 address specified at the beginning of the Disclosure Schedulethis Agreement. Upon reasonable prior notice and at reasonable times during normal business hours the Agent and each Lender shall have the right (through such agents or consultants Consultants as the Agent or any Lender may designate) to examine the foregoing Persons’ Borrower's property and make copies of and abstracts from such Persons’ Borrower's books of account, correspondence and other records and to discuss its financial and other affairs with any of its senior officers owners and any accountants hired by any of the foregoing PersonsBorrower, it being agreed that the Agent and each Lender shall use reasonable efforts to not divulge information obtained from such examination to others except in connection with Legal Requirements and in connection with administering the Loan, enforcing their its rights and remedies under the Loan Documents and in the conduct, operation and regulation of its banking and lending business (which may include, without limitation, the transfer of the Loan or of participation interests therein). Any transferee of the Loan or any holder of a participation interest in the 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 Loan or of further participation interests therein.

Appears in 1 contract

Samples: Loan Agreement (Westwood Group Inc)

Place for Records; Inspection. Each Borrower shall maintain all of their its business records at the addresses set forth in Section 6.7.1 address specified at the beginning of this Agreement or at the Disclosure ScheduleProperty. Upon reasonable notice and at reasonable times during normal business hours the Agent and each Lender shall have the right (through such agents or consultants Lxxxxx's Consultants as the Agent or any Lender Lxxxxx may designate) to examine the foregoing Persons’ Bxxxxxxx's property and make copies of and abstracts from such Persons’ Bxxxxxxx's books of account, correspondence and other records and to discuss its financial and other affairs with any of its senior officers managers and any accountants hired by any of the foregoing PersonsBxxxxxxx, it being agreed that the Agent and each Lender Lxxxxx shall not divulge information obtained from such examination to others except in connection with Legal Requirements and in connection with administering the Loan, enforcing their its rights and remedies under the Loan Documents and in the conduct, operation and regulation of its banking and lending business (which may include, without limitation, the transfer and assignment of the Loan or the granting of participation participating interests therein). Any transferee of the Loan or any holder of a participation interest in the Loan shall be entitled to deal with such information in the same manner as herein required and in connection with any subsequent transfer of its interest in the Loan or of further participation interests therein.

Appears in 1 contract

Samples: Commercial Real Estate Mortgage Loan Agreement (Procaccianti Hotel Reit, Inc.)

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Place for Records; Inspection. Each Borrower shall maintain all of their its business records at the addresses set forth in Section 6.7.1 address specified at the beginning of the Disclosure Schedulethis Agreement. Upon reasonable notice and at reasonable times during normal business hours the Agent and each Lender shall have the right (through such agents or consultants Consultants as the Agent or any Lender may designate) to visit and inspect the Property, to examine the foregoing Persons’ Borrower’s property and make copies of and abstracts from such Persons’ Borrower’s books of account, correspondence and other records and to discuss its financial and other affairs with any of its senior officers owners and any accountants hired by any of the foregoing PersonsBorrower, it being agreed that the Agent and each Lender shall use reasonable efforts to not divulge information obtained from such examination to others except in connection with Legal Requirements and in connection with administering the Loan, enforcing their its rights and remedies under the Loan Documents and in the conduct, operation and regulation of its banking and lending business (which may include, without limitation, the transfer of the Loan or of participation interests therein). Any transferee of the Loan or any holder of a participation interest in the 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 Loan or of further participation interests therein.

Appears in 1 contract

Samples: Loan Agreement (Unitil Corp)

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