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 not less than three (3) Business Days’ 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 partners or members and any accountants hired by Borrower, it being agreed that Administrative Agent and each of the Lenders 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 Facility, enforcing their rights and remedies under the Credit Documents and in the conduct, operation and regulation of their banking and lending business (which may include, without limitation, the transfer of the Facility or of participation interests therein). 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 2 contracts

Samples: Credit Agreement (Inland Real Estate Corp), Credit Agreement (Inland Real Estate Corp)

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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 not less than three five (35) Business Days’ prior notice and at reasonable times during normal business hours, Administrative Agent hours Lender shall have the right (through such agents or consultants Consultants as Administrative Agent Lender may designate) to visit and inspect the Property, to examine Bxxxxxxx’s property and make copies of and abstracts from BorrowerBxxxxxxx’s books of account, correspondence and other records and to discuss its financial and other affairs with any of its partners or members and any accountants hired by BorrowerBxxxxxxx, it being agreed that Administrative Agent and each of the Lenders 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 FacilityLoan, enforcing their its rights and remedies under the Credit Loan Documents and in the conduct, operation and regulation of their its banking and lending business (which may include, without limitation, the transfer of the Facility Loan or of participation interests therein). Any assignee or transferee of the Facility Loan 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: Loan Agreement (Worksport LTD)

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Place for Records; Inspection. Each Borrower shall maintain all of its business records at the address specified at the beginning of this Agreement. Upon not less than three five (35) Business Days, prior notice and at reasonable times during normal business hours, Administrative hours Agent shall have the right (through such agents or consultants Consultants as Administrative Agent 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 partners or members owners and any accountants hired by Borrower, it being agreed that Administrative Agent and each of the Lenders 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 FacilityLoans, enforcing their its rights and remedies under the Credit Loans Documents and in the conduct, operation and regulation of their its banking and lending business (which may include, without limitation, the transfer of the Facility Loans or of participation interests therein). Any assignee or transferee of the Facility Loans, co-lenders or any holder of a participation interest in the Facility Loans 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 Loans or of further participation interests therein.

Appears in 1 contract

Samples: Loan Agreement (STAG Industrial, Inc.)

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