Common use of Receivables Reviews Clause in Contracts

Receivables Reviews. Such Seller shall, during regular business hours upon not less than two Business Days' prior notice, permit Buyer and its agents or representatives, at the expense of such Seller, (i) to examine and make copies of and abstracts from, and to conduct accounting reviews of, all Records in the possession or under the control of such Seller relating to the Receivables or Related Assets generated by such Seller, and (ii) to visit the offices and properties of such Seller for the purpose of examining the materials described in clause (i) above, and to discuss matters relating to any Receivables or any Related Assets of such Seller or such Seller's performance hereunder with any of the Authorized Officers of such Seller or, with the prior consent of an Authorized Officer of such Seller, with employees of such Seller having knowledge of such matters (the examinations set forth in the foregoing clauses (i) and (ii) being herein called a "Seller Receivables Review"). Buyer and its agents or representatives shall be entitled to conduct Seller Receivables Reviews whenever Buyer, in its reasonable judgment, deems it appropriate; provided, that prior to the occurrence and continuance of an Early Amortization Event or an Unmatured Early Amortization Event or during the period in which the most recent quarterly servicing report delivered pursuant to Section

Appears in 2 contracts

Samples: Receivables Purchase Agreement (International Comfort Products Corp), Receivables Purchase Agreement (International Comfort Products Corp)

AutoNDA by SimpleDocs

Receivables Reviews. Such Seller shall, during regular business hours upon not less than two Business Days' prior noticehours, permit Buyer and its agents or representatives, at the expense of such Seller, (i) to examine and make copies of and abstracts from, and to conduct accounting reviews of, all Records in the possession or under the control of such Seller relating to the Receivables or Related Assets generated by such Seller, and (ii) to visit the offices and properties of such Seller for the purpose of examining the materials described in clause CLAUSE (i) above, and to discuss matters relating to any Receivables or any Related Assets of such Seller or such Seller's performance hereunder with any of the Authorized Officers of such Seller or, with the prior consent of an Authorized Officer of such Seller, with employees of such Seller having knowledge of such matters (the examinations set forth in the foregoing clauses CLAUSES (i) and (ii) being herein called a "Seller Receivables ReviewSELLER RECEIVABLES REVIEW"). Buyer and its agents or representatives shall be entitled to conduct Seller Receivables Reviews whenever Buyer, in its reasonable judgment, deems it appropriate; providedPROVIDED, that prior to the occurrence and continuance of an Early Amortization Event of Default, Buyer (or an Unmatured Early Amortization Event its agent or during representative) shall give such Seller at least five Business Days' prior notice of any Seller Receivables Review, and Buyer shall have the period right to request a Seller Receivables Review not more than once in which the most recent quarterly servicing report delivered pursuant to Sectionany calendar year.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Vertis Inc)

Receivables Reviews. Such Seller shall, during regular business hours upon not less than two five Business Days' prior notice, permit Buyer and its agents or representatives, at the expense of such Seller, (i) to examine and make copies of and abstracts from, and to conduct accounting reviews of, all Records in the possession or under the control of such Seller relating to the Receivables or Related Assets generated by such Seller, and (ii) to visit the offices and properties of such Seller for the purpose of examining the materials described in clause (i) above, and to discuss matters relating to any Receivables or any Related Assets of such Seller or such Seller's performance hereunder with any of the Authorized Officers of such Seller or, with the prior consent of an Authorized Officer of such Seller, with employees of such Seller having knowledge of such matters (the examinations set forth in the foregoing clauses (i) and (ii) being herein called a "Seller Receivables Review"). Buyer and its agents or representatives shall be entitled to conduct Seller Receivables Reviews whenever Buyer, in its reasonable judgment, deems it appropriate; provided, that prior to the occurrence and continuance of an Early Amortization Event Event, Buyer (or an Unmatured Early Amortization Event its agent or during representative) shall give such Seller at least five Business Days' prior notice of any Seller Receivables Review, and Buyer shall have the period right to request a Seller Receivables Review not more than once in which the most recent quarterly servicing report delivered pursuant to Sectionany calendar year.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Big Flower Press Holdings Inc)

AutoNDA by SimpleDocs

Receivables Reviews. Such Seller shall, during regular normal ------------------- business hours upon not less than two five Business Days' prior notice, permit Buyer and its agents or representatives, at the expense of such SellerBuyer, (i) to examine and make copies of and abstracts from, and to conduct accounting reviews of, all Records in the possession or under the control of such Seller relating to the Purchased Receivables or Related Assets generated by such Seller, and (ii) to visit the offices and properties of such Seller for the purpose of examining the materials described in clause (i) ---------- above, and to discuss matters relating to any Purchased Receivables or any Related Assets of such Seller or such Seller's performance hereunder with any of the Authorized Officers of such Seller or, with the prior consent of an Authorized Officer of such Seller, with employees of such Seller having knowledge of such matters (the examinations set forth in the foregoing clauses (i) and (ii) being herein called a "Seller Receivables ----------- ---- Review"). Buyer and its agents or representatives shall be entitled to conduct such Seller Receivables Reviews at the expense of Buyer whenever Buyer, in its reasonable judgment, deems it appropriate; provided, that prior to the occurrence date on which all payment Obligations of Borrower owed to all the Third Party Financiers shall become due and continuance payable under all Third Party Documents, Buyer (or its agent or respective authorized representative) shall give such Seller reasonable prior notice of an Early Amortization Event or an Unmatured Early Amortization Event or during the period in which the most recent quarterly servicing report delivered pursuant to Sectionany Seller Receivables Review.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Alliance Laundry Holdings LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!