Common use of Visitation and Inspection Rights Clause in Contracts

Visitation and Inspection Rights. Each Seller and Guarantor shall permit Buyer to inspect, and to discuss with each Seller’s and Guarantor’s officers, agents and auditors, the affairs, finances, and accounts of each Seller and Guarantor, the Repurchase Assets, and each Seller’s and Guarantor’s books and records, and to make abstracts or reproductions thereof and to duplicate, reduce to hard copy or otherwise use any and all computer or electronically stored information or data, in each case, (i) during normal business hours, (ii) upon reasonable notice (provided, that upon the occurrence of an Event of Default, no notice shall be required), and (iii) at the expense of the applicable Seller or Guarantor to discuss with its officers, its affairs, finances, and accounts.

Appears in 3 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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Visitation and Inspection Rights. Each Seller and Guarantor shall permit Buyer to inspect, and to discuss with each Seller’s and Guarantor’s officers, agents and auditorsemployees, the affairs, finances, and accounts of each Seller and Guarantor, the Repurchase Assets, and each Seller’s and Guarantor’s books and records, and to make abstracts or reproductions thereof and to duplicate, reduce to hard copy or otherwise use any and all computer or electronically stored information or data, in each case, (i) during normal business hours, (ii) upon reasonable notice (provided, that upon the occurrence of an Event of Default, no notice shall be required), and (iii) at the expense of the applicable Seller or Guarantor to discuss with its officers, its affairs, finances, and accounts.

Appears in 1 contract

Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.)

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