Common use of Visitation; Verification Clause in Contracts

Visitation; Verification. The Borrower shall, and shall cause each of its Subsidiaries to, permit the Lenders to make or cause to be made, at their own expense (and with respect to the Administrative Agent on behalf of the Lenders, after the occurrence of and during the continuance of an Event of Default, at the Borrower's expense), inspections and audits of any of its books, records and papers and to make extracts therefrom and copies thereof, or to make inspections and examinations of any of its properties and facilities (including, without limitation, any Project sites), on reasonable notice, at all such reasonable times and as often as any Lender may reasonably require, in order to assure that the Borrower and its Subsidiaries are and will be in compliance with their respective obligations under the Loan Documents or to evaluate the Lenders' investment in the then outstanding Notes. The Borrower shall have the right to have an authorized representative present during the inspection and examination of any of the Borrower's or any of its Subsidiaries' properties and facilities; provided, however, that the exercise of such right shall not delay or hinder the Lenders' right to such inspection and examination.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Foster Wheeler Corp), Term Revolving Credit Agreement (Foster Wheeler Corp)

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Visitation; Verification. The Borrower shall, and shall cause each of its Subsidiaries to, permit the Lenders to make or cause to be made, at their own expense (and with respect to the Administrative Agent on behalf of the Lenders, after the occurrence of and during the continuance of an Event of Default, at the Borrower's expense), inspections and audits of any of its books, records and papers and to make extracts therefrom and copies thereof, or to make inspections and examinations of any of its properties and facilities (including, without limitation, any Project sites), on reasonable notice, at all such reasonable times and as often as any Lender may reasonably require, in order to assure that the Borrower and its Subsidiaries are and will be in compliance with their respective obligations under the Loan Documents or to evaluate the Lenders' investment in the then outstanding Notes. The Borrower shall have the right to have an authorized representative present during the inspection and examination of any of the Borrower's or any of its Subsidiaries' properties and facilities; providedPROVIDED, howeverHOWEVER, that the exercise of such right shall not delay or hinder the Lenders' right to such inspection and examination. The Administrative Agent shall promptly deliver to each Lender copies of all notices received pursuant to this Section 5.01.

Appears in 2 contracts

Samples: Credit Agreement (Foster Wheeler Corp), Credit Agreement (Foster Wheeler Corp)

Visitation; Verification. The Borrower shall, and shall cause each of its Subsidiaries to, permit the Lenders to make or cause to be made, at their own expense (and with respect to the Administrative Agent on behalf of the Lenders, after the occurrence of and during the continuance of an Event of Default, at the Borrower's expense), inspections and audits of any of its books, records and papers and to make extracts therefrom and copies thereof, or to make inspections and examinations of any of its properties and facilities (including, without limitation, any Project sites), on reasonable notice, at all such reasonable times and as often as any Lender may reasonably require, in order to assure that the Borrower and its Subsidiaries are and will be in compliance with their respective obligations under the Loan Documents or to evaluate the Lenders' investment in the then outstanding Notes. The Borrower shall have the right to have an authorized representative present during the inspection and examination of any of the Borrower's or any of its Subsidiaries' properties and facilities; provided, however, that the exercise of such right shall not delay or hinder the Lenders' right to such inspection and examination. The Administrative Agent shall promptly deliver to each Lender copies of all notices received pursuant to this Section 5.01.

Appears in 2 contracts

Samples: Pledge Agreement (Foster Wheeler Corp), Pledge Agreement Pledge Agreement (Foster Wheeler Corp)

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Visitation; Verification. The Borrower Company shall, and shall cause each of its Subsidiaries to, permit the Lenders to make or cause to be made, at their own expense (and with respect to the Administrative Agent on behalf of the Lenders, after the occurrence of and during the continuance of an Event of Default, at the BorrowerCompany's expense), inspections and audits of any of its books, records and papers and to make extracts therefrom and copies thereof, or to make inspections and examinations of any of its properties and facilities (including, without limitation, any Project sites), on reasonable notice, at all such reasonable times and as often as any Lender may reasonably require, in order to assure that the Borrower Company and its Subsidiaries are and will be in compliance with their respective obligations under the Loan Documents or to evaluate the Lenders' investment in the then outstanding Notes. The Borrower Company shall have the right to have an authorized representative present during the inspection and examination of any of the BorrowerCompany's or any of its Subsidiaries' properties and facilities; providedPROVIDED, howeverHOWEVER, that the exercise of such right shall not delay or hinder the Lenders' right to such inspection and examination. The Administrative Agent shall promptly deliver to each Lender copies of all notices received pursuant to this Section 5.01.

Appears in 1 contract

Samples: Pledge Agreement (Foster Wheeler Corp)

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