Common use of Records; Inspection Clause in Contracts

Records; Inspection. Each Credit Party shall, and shall cause each of its Subsidiaries to maintain proper, complete and consistent books of record with respect to such Person’s operations, affairs, and financial condition. At any reasonable time and from time to time, upon reasonable notice, each Credit Party shall permit the Administrative Agent and shall cause each of its Subsidiaries to permit the Administrative Agent to examine and copy the books and records of such Credit Party or such Subsidiary, to visit and inspect the Property of such Credit Party or such Subsidiary, and to discuss the business operations and Property of such Credit Party or such Subsidiary with the officers and directors thereof; provided, however, that so long as no Event of Default shall have occurred and be continuing, the Credit Parties shall not be responsible for the costs of more than one inspection visit per calendar year.

Appears in 6 contracts

Samples: Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.)

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Records; Inspection. Each Credit Party shallshall maintain, and shall cause each of its Subsidiaries to maintain in all material respects, proper, complete and consistent books of record with respect to such Person’s operations, affairs, and financial condition. At any reasonable time and from From time to time, time upon reasonable prior notice, each Credit Party shall permit any Lender, at such reasonable times and intervals and to a reasonable extent and under the Administrative Agent and shall cause each reasonable guidance of its Subsidiaries officers of or employees delegated by officers of such Credit Party, to, subject to permit the Administrative Agent to any applicable confidentiality considerations, examine and copy the books and records of such Credit Party or such SubsidiaryParty, to visit and inspect the Property of such Credit Party or such SubsidiaryParty, and to discuss the business operations and Property of such Credit Party or such Subsidiary with the officers and directors thereof; providedthereof (provided that, however, that so long as no Event of Default shall have has occurred and be is continuing, the Credit Parties Lenders shall not be responsible for the costs of more than entitled to only one inspection such visit per calendar yearyear coordinated by the Administrative Agent).

Appears in 4 contracts

Samples: Credit Agreement (Forum Energy Technologies, Inc.), Credit Agreement (Forum Energy Technologies, Inc.), Credit Agreement (Forum Energy Technologies, Inc.)

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