Common use of RIGHT OF INSPECTION AND AUDIT Clause in Contracts

RIGHT OF INSPECTION AND AUDIT. The Grantor shall permit the Agent and the Lenders such rights of inspection and audit except as limited in the Credit Agreement. In addition, upon reasonable notice to the Grantor (unless an Event of Default has occurred and is continuing, in which case no notice is necessary), the Agent and its agents and representatives shall also have the right during the Grantor's ordinary business hours, to enter into and upon any premises where any of the Equipment, Fixtures or Inventory is located for the purpose of conducting audits and making physical verifications of such Equipment, Fixtures and Inventory and test verifications of the Accounts in any manner and through any medium that it considers advisable, and the Grantor agrees to furnish all such assistance and information as the Agent may reasonably require in connection therewith.

Appears in 3 contracts

Samples: Securities Pledge Agreement (Leap Wireless International Inc), Securities Pledge Agreement (Leap Wireless International Inc), Securities Pledge Agreement (Leap Wireless International Inc)

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RIGHT OF INSPECTION AND AUDIT. The Each Grantor shall permit the Collateral Agent and the Lenders such rights of inspection and audit except as limited provided in the Credit Agreement. In addition, upon reasonable notice to the a Grantor (unless an Event of Default has occurred and is continuing, in which case no notice is necessary), the Collateral Agent and its agents and representatives shall also have the right during the such Grantor's ’s ordinary business hours, to enter into and upon any premises of such Grantor where any of the Equipment, Fixtures Equipment or Inventory is located for the purpose of conducting audits and making physical verifications of such Equipment, Fixtures Equipment and Inventory and test verifications of the Accounts in any manner and through any medium that it considers advisable, and the each Grantor agrees to furnish all such assistance and information as the Collateral Agent may reasonably require in connection therewith.

Appears in 1 contract

Samples: Security Agreement (Genius Products Inc)

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RIGHT OF INSPECTION AND AUDIT. The Each Grantor shall permit the Administrative Agent and the Lenders such rights of inspection and audit except as limited provided in the Credit Agreement. In addition, upon reasonable notice to the a Grantor (unless an Event of Default has occurred and is continuing, in which case no notice is necessary), the Administrative Agent and its agents and representatives shall also have the right during the such Grantor's ’s ordinary business hours, to enter into and upon any premises of such Grantor where any of the Equipment, Fixtures Equipment or Inventory is located for the purpose of conducting audits and making physical verifications of such Equipment, Fixtures Equipment and Inventory and test verifications of the Accounts in any manner and through any medium that is reasonable and that it considers advisable, and the each Grantor agrees to furnish all such assistance and information as the Administrative Agent may reasonably require in connection therewith.

Appears in 1 contract

Samples: Security Agreement (IPC the Hospitalist Company, Inc.)

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