Common use of Right to Inspect the Collateral Clause in Contracts

Right to Inspect the Collateral. The Secured Party shall have the right, during usual business hours of the Debtor and upon reasonable advance notice, to inspect and examine the Collateral. Debtor agrees that any reasonable expenses incurred by the Secured Party in connection with this Section 5(f) during the continuance of an Event of Default shall constitute Secured Party Expenses.

Appears in 7 contracts

Samples: Pledge and Security Agreement (Lucy Scientific Discovery, Inc.), Pledge and Security Agreement (Cardiff Lexington Corp), Securities Purchase Agreement

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Right to Inspect the Collateral. The Secured Party shall have the right, during usual business hours of the applicable Debtor and upon reasonable advance notice, to inspect and examine the Collateral. Debtor agrees that any reasonable expenses incurred by the Secured Party in connection with this Section 5(f5(e) during the continuance of an Event of Default shall constitute Secured Party Expenses.

Appears in 4 contracts

Samples: Security and Pledge Agreement (Cardiff Lexington Corp), Security and Pledge Agreement (1847 Goedeker Inc.), Security and Pledge Agreement (Franchise Holdings International, Inc.)

Right to Inspect the Collateral. The Secured Party shall have the right, during Debtor’s usual business hours of the Debtor and upon reasonable advance notice, to inspect and examine the Collateral. Debtor agrees that any shall reimburse the Secured Party for all commercially reasonable costs and expenses incurred by the Secured Party it in connection with this Section 5(f) one inspection per year plus any other inspections that are made during the continuance of year when an Event of Default shall constitute is continuing, with Secured Party Expensesto bear the costs and expenses of any additional inspections.

Appears in 3 contracts

Samples: Security Agreement (American Electric Technologies Inc), Security Agreement (American Electric Technologies Inc), Security Agreement (American Electric Technologies Inc)

Right to Inspect the Collateral. The Secured Party shall have the right, during usual business hours of the applicable Debtor and upon reasonable advance notice, to inspect and examine the Collateral. Debtor agrees that any reasonable expenses incurred by the Secured Party in connection with this Section 5(f) during the continuance of an Event of Default shall constitute Secured Party Expenses.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Cardiff Lexington Corp), Pledge and Security Agreement (Good Hemp, Inc.)

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Right to Inspect the Collateral. The Secured Party shall have the right, during usual business hours of the Debtor Company and upon reasonable advance notice, to inspect and examine the Collateral, the locations of which are set forth on Schedule 5(e) hereto. Debtor agrees that any reasonable expenses incurred by the Secured Party in connection with this Section 5(f5(e) during the continuance of an Event of Default shall constitute Secured Party Expenses.

Appears in 1 contract

Samples: Pledge and Security Agreement (Victory Oilfield Tech, Inc.)

Right to Inspect the Collateral. The Secured Party shall have the right, during Debtor’s usual business hours of the Debtor and upon reasonable advance notice, to inspect and examine the Collateral. Debtor agrees that any reasonable expenses incurred by the Secured Party in connection with this Section 5(f5(b) during the continuance of an Event of Default shall constitute Secured Party Expenses.

Appears in 1 contract

Samples: Security and Pledge Agreement (Nexeon Medsystems Inc)

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