Reports Inspection Clause Samples
Reports Inspection. Section 13.1 Duty of Lessee to Furnish. On or before July 31, 2001, and on or before each July 31 thereafter, Lessee will furnish (or cause the Manager under the Management Agreement to furnish) to Lessor, Owner Participant, Loan Participant, the Indenture Trustee and the Rating Agency an accurate statement, as of the preceding March 31, (a) showing the amount, description and reporting marks of the Units then leased hereunder, the amount, description and reporting marks of all Units that may have suffered an Event of Loss during the 12 months ending on such March 31 (or since the Closing Date, in the case of the first such statement), and such other information regarding the condition or repair of the Units as Lessor may reasonably request, (b) stating that, in the case of all Units repainted during the period covered by such statement, the markings required by Section 4.2 hereof shall have been preserved or replaced, (c) showing the percentage of use in the United States and in each of Canada and Mexico based on the total mileage traveled by all railcars in the Total Managed Fleet (or by the Units, if and to the extent generally made available to the Manager in the ordinary course with respect to railcars in general interchange service similar to the Units) for the prior calendar year as reported to the Manager by railroads (provided, that Lessee shall cooperate with Owner Participant and Lessor and shall provide such additional information on such matters as Owner Participant or Lessor may reasonably request to enable Owner Participant and Lessor to pursue or fulfill their respective tax audit and tax litigation rights and obligations) and (d) stating that Lessee is not aware of any condition of any Unit which would cause such Unit not to comply in any material respect with the rules and regulations of the FRA and the interchange rules of the Field Manual of the AAR as they apply to the maintenance and operation of the Units in interchange and any other requirements hereunder.
Reports Inspection. VI shall maintain accurate books and records that enable the calculation of royalties payable hereunder to be verified. VI shall retain the books and records for each calendar year period for three (3) years after the submission of the corresponding report under Section 3.1.1 hereof. Upon thirty (30) days prior notice to VI, independent accountants selected by ASI, which shall be from a “Big 5” or national accounting firm and reasonably acceptable to VI, after entering into a confidentiality agreement with VI, may have access to VI’s books and records during VI’s normal business hours to conduct a review or audit once per calendar year, for the sole purpose of verifying the accuracy of VI’s payments and compliance with this Settlement Agreement. Any such inspection or audit shall be at ASI’s expense, however, if an inspection reveals underpayment of five percent (5%) or more in any audit period, VI shall pay the costs of the inspection. VI shall promptly pay to ASI any underpayment identified in such an audit.
Reports Inspection. The Borrower hereby irrevocably covenants and agrees with the Authority:
(A) That the Borrower will furnish to the Authority and the Cabinet not less than annually reports of the operations and Revenues of the System and will permit authorized agents of the Authority to inspect all records, accounts, and data of the System at all reasonable times.
(B) That the Borrower will collect, account for, and promptly remit to the Authority those specific revenues, funds, income, and proceeds derived from the Revenues of the System incident to this Assistance Agreement.
(C) That the Borrower will notify the Authority in writing of its intention to incur Indebtedness payable from the Revenues of the System not less than thirty days before the execution of any agreement obligating the Borrower to incur any such Indebtedness.
Reports Inspection. (i) Concurrently with payment of the Variable Rent for each calendar quarter, Lessee shall provide to Lessor a report substantially in the form of Schedule II hereto showing the calculation of the Lessor Adjusted Gross Revenues for that quarter.
(ii) During the term of this Agreement and for a period of one year following termination of this Agreement for any reason whatsoever, for the purpose of verifying the amount of Variable Rent due under this Agreement for any one or more calendar quarters, Lessor shall have the right on five business days notice, at Lessor's expense, to examine during the Lessee's. normal business hours the business records relating to the Containers.
Reports Inspection. Each Party shall maintain, and shall cause its Outside Contractors to maintain, accurate and reasonably complete records of all Research Work and all Development Work, as consistent with the responsibilities of such Party under this Agreement, and all results of any Clinical Trials, Pre-Clinical Testing, IND-Enabling Studies, and other investigations conducted under this Agreement by or on behalf of such Party, its Affiliates, and Outside Contractors, as applicable.
Reports Inspection. Debtor shall deliver to Myles L. Tobin, as Agent for the Secured Party, a▇▇ ▇▇▇▇▇▇▇ ▇▇▇t it provides to Spectrum pursuant to the Spectrum Credit Agreements. The Secured Party may make or cause to be made reasonable entries upon and inspections of the Debtor's premises to inspect the Collateral.
Reports Inspection. Each Party shall prepare and maintain, and shall use Reasonable Efforts to cause its Third Party manufacturers and Third Party contractors to maintain, accurate and complete records of all development work with respect to the Licensed Products and/or Combination Products, as consistent with the responsibilities of such Party under this Agreement. A Party, or such Party’s authorized representatives, may visit those portions of the facilities of the other Party or their Third Party contractors or Third Party manufacturers where development is being performed during normal business hours upon reasonable notice without undue interruption to normal business operations. sf-2857375 14
Reports Inspection. The Governmental Agency hereby irrevocably covenants and agrees with the Authority:
(A) That it will furnish to the Authority and the Cabinet not less than annually reports of the operations and income and revenues of the System and will permit authorized agents of the Authority to inspect all records, accounts and data of the System at all reasonable times.
(B) That it will collect, account for and promptly remit to the Authority those specific revenues, funds, income and proceeds derived from the revenues of the System incident to this Assistance Agreement.
(C) That it will notify the Authority in writing of its intention to issue bonds or notes payable from the revenues of the System not less than thirty (30) days prior to the sale of said obligations.
Reports Inspection. (a) From time to time, at the reasonable request of Lessor, Lessee shall furnish Lessor with an accurate statement, as to the amount, description and reporting marks of the Cars then leased hereunder, and such other information concerning the condition or repair of the Cars as Lessor reasonably may request.
(b) Lessor shall have the right, but not the obligation, at its expense to inspect the Cars and Lessee's records with respect thereto, during Lessee's normal business hours and upon reasonable prior notice to Lessee and provided that the Cars are on Lessee property (if the Cars not on Lessee property Lessee agrees to use its best efforts in assisting Lessor to obtain access to such premises); provided, however, that Lessee shall not be liable for any injury to, or the death of, any person exercising, on behalf of Lessor or any prospective user, the rights of inspection granted hereunder. No inspection pursuant to this Section 15 shall interfere with the use, operation or maintenance of the Cars or the normal conduct of Lessee's business, and Lessee shall not be required to undertake or incur any additional liabilities in connection therewith. Lessor agrees that Lessor shall bear the risk of loss to any persons or property resulting from the exercise of Lessor's inspection rights, and Lessor agrees to hold Lessee harmless and indemnity Lessee against any loss or damage to any persons or property resulting from the exercise, of Lessor's inspection rights so long as such loss or damage is not the result of Lessee's gross negligence or the gross negligence of any person acting by, through or under Lessee.
Reports Inspection. The Consultant shall keep detailed written records of the Projects' development and related research and development and marketing services performed in sufficient detail to permit Eurotech to establish the status of the Projects at any time. In addition, the Consultant shall provide Eurotech, at a minimum, with monthly written progress reports signed by the Consultant. These reports shall detail all activities performed during the prior month for each of the Projects and shall include the present status of each of the Projects. Eurotech, or its designees, shall have the right, at any time, to review and inspect the progress of the Projects at the office of the Consultant during normal business hours. Further, Eurotech may talk directly to the employees or consultants of the Consultant who are authorized to work on the Projects at any time regarding the status of the Projects or any other related matter.