Common use of Receivables Review Clause in Contracts

Receivables Review. (i) From time to time during regular business hours, upon reasonable prior notice as requested by the Company, the Insurer or the Agent, permit the Company, the Agent or the Control Party, or their respective agents or representatives, (A) to examine and make copies of and abstracts from all books, records and documents (including, without limitation, computer tapes and disks) in the possession or under the control of the Originator relating to the Receivables and Related Rights, including, without limitation, the related Contracts, and (B) to visit the Originator's offices and properties for the purpose of examining such materials described in the foregoing clause (A) and to discuss matters relating to the Receivables and Related Rights or the Originator's performance hereunder or under the Contracts with any of the officers or employees of the Originator having knowledge of such matters; and (ii) without limiting the provisions of clause (i) next above, from time to time on request of the Insurer or the Agent permit certified public accountants or other auditors acceptable to the Insurer or the Agent, as applicable to conduct a review of its books and records with respect to the Receivables and Related Rights; provided that so long as no Purchase and Sale Termination Event or Unmatured Termination Event has occurred the Company, the Agent, the Control Party, certified public accountants or other auditors acceptable to the Control Party (or if the Control Party is the Majority Purchasers, the Agent), as applicable, shall not conduct more than two such examinations or reviews, as applicable, in any year (including any examinations conducted pursuant to any other Transaction Document). The Control Party agrees to notify the Agent of such examinations and agrees that the Agent can be present at such examinations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adesa Inc)

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Receivables Review. (i) From time to time during regular business hours, upon reasonable prior notice as requested by the Company, the Insurer or the Agent, permit the Company, the Agent or the Control Party, or their respective agents or representatives, (A) to examine and make copies of and abstracts from all books, records and documents (including, without limitation, computer tapes and disks) in the possession or under the control of the Originator relating to the Receivables and Related Rights, including, without limitation, the related Contracts, and (B) to visit the Originator's offices and properties for the purpose of examining such materials described in the foregoing clause CLAUSE (A) and to discuss matters relating to the Receivables and Related Rights or the Originator's performance hereunder or under the Contracts with any of the officers or employees of the Originator having knowledge of such matters; and (ii) without limiting the provisions of clause CLAUSE (i) next above, from time to time on request of the Insurer or the Agent permit certified public accountants or other auditors acceptable to the Insurer or the Agent, as applicable to conduct a review of its books and records with respect to the Receivables and Related Rights; provided PROVIDED that so long as no Purchase and Sale Termination Event or Unmatured Termination Event has occurred the Company, the Agent, the Control Party, certified public accountants or other auditors acceptable to the Control Party (or if the Control Party is the Majority Purchasers, the Agent), as applicable, shall not conduct more than two such examinations or reviews, as applicable, in any year (including any examinations conducted pursuant to any other Transaction Document). The Control Party agrees to notify the Agent of such examinations and agrees that the Agent can be present at such examinations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Allete Inc)

Receivables Review. (i) From time to time during regular business hours, upon reasonable prior notice as requested by the Company, the Insurer or the Agent, permit the Company, the Agent or the Control Party, or their respective agents or representatives, (A) to examine and make copies of and abstracts from all books, records and documents (including, without limitation, computer tapes and disks) in the possession or under the control of the Originator relating to the Receivables and Related Rights, including, without limitation, the related Contracts, and (B) to visit the Originator's ’s offices and properties for the purpose of examining such materials described in the foregoing clause (A) and to discuss matters relating to the Receivables and Related Rights or the Originator's ’s performance hereunder or under the Contracts with any of the officers or employees of the Originator having knowledge of such matters; and (ii) without limiting the provisions of clause (i) next above, from time to time on request of the Insurer or the Agent permit certified public accountants or other auditors acceptable to the Insurer or the Agent, as applicable to conduct a review of its books and records with respect to the Receivables and Related Rights; provided that so long as no Purchase and Sale Termination Event or Unmatured Termination Event has occurred the Company, the Agent, the Control Party, certified public accountants or other auditors acceptable to the Control Party (or if the Control Party is the Majority Purchasers, the Agent), as applicable, shall not conduct more than two such examinations or reviews, as applicable, in any year (including any examinations conducted pursuant to any other Transaction Document). The Control Party agrees to notify the Agent of such examinations and agrees that the Agent can be present at such examinations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adesa California, LLC)

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Receivables Review. (i) From At any time and from time to time during regular business hours, upon reasonable prior notice as requested by the Company(unless a Purchase and Sale Termination Event or Unmatured Purchase and Sale Termination Event shall exist), the Insurer or the Agent, (i) permit the Company, Company and/or the Agent or the Control PartyAdministrator, or their respective agents or representatives, (A) to examine examine, to audit and make copies of and abstracts from all books, records and documents (including, without limitation, computer tapes and disks) in the power, possession or under the control of the such Originator relating to the Receivables and Related Rights, including, without limitation, the Contracts and other agreements related Contractsthereto, and (B) to visit the such Originator's offices and properties for the purpose of examining such materials described in the foregoing clause (A) and to discuss discussing matters relating to the Receivables and Related Rights or the such Originator's performance hereunder or under the Contracts with any of the officers or employees of the such Originator having knowledge of such matters; and (ii) without limiting the provisions of clause (i) next above, from time to time on request of the Insurer or the Agent Administrator, permit certified public accountants or other auditors acceptable to the Insurer or the Agent, as applicable Administrator to conduct a review of its books and records with respect to the Receivables and Related Rights; provided that so long as no . Unless a Purchase and Sale Termination Event or Unmatured Purchase and Sale Termination Event has occurred shall exist, each Originator shall only be responsible for the Company, the Agent, the Control Party, certified public accountants cost of one examination described in clause (i) or other auditors acceptable to the Control Party clause (or if the Control Party is the Majority Purchasers, the Agent), as applicable, shall not conduct more than two such examinations or reviews, as applicable, ii) above in any year (including any examinations conducted pursuant to any other Transaction Document). The Control Party agrees to notify the Agent of such examinations and agrees that the Agent can be present at such examinationstwelve-month period.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Imo Industries Inc)

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