Tracking System. It shall maintain the Tracking System in a manner sufficient to monitor the Spare Parts Assets and its perpetual inventory procedures for Spare Parts Assets that provide a continuous internal audit of Spare Parts Assets. Notwithstanding the limitations herein, the Collateral Agent and the Appropriate Party, or their respective agents (as designated by the Lenders) shall be entitled to access and inspect the Tracking System to monitor the types, quantities and locations of any Spare Parts Assets and to ensure the Grantors’ compliance with the terms hereof in a manner consistent with Section 5.11 of the Loan Agreement. If requested by the Appropriate Party or the Collateral Agent, the applicable Grantor will obtain a written acknowledgment of the Collateral Agent’s, the Appropriate Party’s and their respective agents’ access and inspection rights hereunder from any third party that owns or operates the Tracking System.
Appears in 4 contracts
Samples: Pledge and Security Agreement (Sun Country Airlines Holdings, Inc.), Horizon Aircraft, Engine and Propeller Pledge and Security Agreement (Alaska Air Group, Inc.), Security Agreement (Alaska Air Group, Inc.)
