Common use of Visitation; Verification Clause in Contracts

Visitation; Verification. The Company shall permit such Persons as the Purchasers may designate from time to time to visit and inspect any of the properties of the Company to examine their respective assets, properties, offices and other facilities, and books and records and take copies and extracts therefrom, and access to the outside auditors of the Company and their work papers relating thereto, in each case, as the Purchasers may from time to time reasonably request, and to discuss their affairs with their directors, officers, employees and independent accountants at such times and as often as the Purchasers may reasonably request; provided that (i) any such Person shall provide at least two days’ prior advance notice to the Company of its intention to visit or inspect any of the properties of the Company; and (ii) all such visits or inspections shall be conducted during the normal business hours of the Company and without undue interference with the conduct of the Company’s business. The Company shall reimburse the Purchasers for reasonable out-of-pocket costs and expenses of for all inspections in any calendar year; for all other times all such visits or inspections shall be at the sole cost and expense of the Purchasers. The parties hereto agree that no investigation by the Purchasers or their representatives shall affect or limit the scope of the representations and warranties of the Company contained herein or in any Transaction Document delivered pursuant hereto or limit liability for breach of any such representation or warranty. The Purchasers shall have the right to examine and verify accounts, inventory and other properties and liabilities of the Company and its Subsidiaries from time to time, and the Company shall cooperate with the Purchasers in such verification. Without limitation of the foregoing, subject to limitations required due to the nature of any classified work, contracts or customer relationships, the Company hereby authorizes its officers, employees and independent accountants to discuss with the Purchasers the affairs of the Company and its Subsidiaries.

Appears in 3 contracts

Samples: Purchase Agreement (MTM Technologies, Inc.), Purchase Agreement (MTM Technologies, Inc.), Purchase Agreement (MTM Technologies, Inc.)

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Visitation; Verification. The Company and its Subsidiaries shall permit such Persons as the Purchasers may designate from time to time to visit and inspect any of the properties of the Company and its Subsidiaries to examine their respective assets, properties, offices and other facilities, and books and records and take copies and extracts therefrom, and access to the outside auditors of the Company and their work papers relating thereto, in each case, as the Purchasers may from time to time reasonably request, and to discuss their affairs with their directors, officers, employees and independent accountants at such times and as often as the Purchasers may reasonably request; provided that (i) any such Person shall provide at least two days' prior advance notice to the Company of its intention to visit or inspect any of the properties of the CompanyCompany and its Subsidiaries; and (ii) all such visits or inspections shall be conducted during the normal business hours of the Company and without undue interference with the conduct of the Company’s 's business. The Company shall reimburse the Purchasers for reasonable out-of-pocket costs and expenses of for all inspections in any calendar year; for all other times all such visits or inspections shall be at the sole cost and expense of the Purchasers. The parties hereto agree that no investigation by the Purchasers or their representatives shall affect or limit the scope of the representations and warranties of the Company contained herein or in any Transaction Document delivered pursuant hereto or limit liability for breach of any such representation or warranty. The Purchasers shall have the right to examine and verify accounts, inventory and other properties and liabilities of the Company and its Subsidiaries from time to time, and the Company shall cooperate with the Purchasers in such verification. Without limitation of the foregoing, subject to limitations required due to the nature of any classified work, contracts or customer relationships, the Company hereby authorizes its officers, employees and independent accountants to discuss with the Purchasers the affairs of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Purchase Agreement (MTM Technologies, Inc.)

Visitation; Verification. The Company and its Subsidiaries shall permit such Persons as the Purchasers may designate from time to time to visit and inspect any of the properties of the Company and its Subsidiaries to examine their respective assets, properties, offices and other facilities, and books and records and take copies and extracts therefrom, and access to the outside auditors of the Company and their work papers relating thereto, in each case, as the Purchasers may from time to time reasonably request, and to discuss their affairs with their directors, officers, employees and independent accountants at such times and as often as the Purchasers may reasonably request; provided that (i) any such Person shall provide at least two days’ prior advance notice to the Company of its intention to visit or inspect any of the properties of the CompanyCompany and its Subsidiaries; and (ii) all such visits or inspections shall be conducted during the normal business hours of the Company and without undue interference with the conduct of the Company’s business. The Company shall reimburse the Purchasers for reasonable out-of-pocket costs and expenses of for all inspections in any calendar year; for all other times all such visits or inspections shall be at the sole cost and expense of the Purchasers. The parties hereto agree that no investigation by the Purchasers or their representatives shall affect or limit the scope of the representations and warranties of the Company contained herein or in any Transaction Document delivered pursuant hereto or limit liability for breach of any such representation or warranty. The Purchasers shall have the right to examine and verify accounts, inventory and other properties and liabilities of the Company and its Subsidiaries from time to time, and the Company shall cooperate with the Purchasers in such verification. Without limitation of the foregoing, subject to limitations required due to the nature of any classified work, contracts or customer relationships, the Company hereby authorizes its officers, employees and independent accountants to discuss with the Purchasers the affairs of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Purchase Agreement (Micros to Mainframes Inc)

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Visitation; Verification. The Company and its Subsidiaries shall permit such Persons as each Purchaser or the Purchasers Collateral Agent may designate from time to time to visit and inspect any of the properties of the Company and its Subsidiaries to examine their respective assets, properties, offices and other facilities, and books and records and take copies and extracts therefrom, and access to the outside auditors of the Company and their work papers relating thereto, in each case, as the Purchasers may from time to time reasonably request, therefrom and to discuss their affairs with their directors, officers, employees and independent accountants at such times and as often as each Purchaser or the Purchasers Collateral Agent may reasonably request; provided that prior to the occurrence and continuation of an Event of Default, (i) any such Person shall provide at least two days’ prior advance notice to the Company of its intention to visit or inspect any of the properties of the CompanyCompany and its Subsidiaries; and (ii) all such visits or inspections shall be conducted during the normal business hours of the Company and without undue interference with the conduct of the Company’s business. The Following and during the continuation of an Event of Default, the Company shall reimburse each Purchaser or the Purchasers Collateral Agent as applicable for reasonable out-of-pocket costs and expenses of for all inspections in any calendar year; for and at all other times all such visits or inspections shall be at the sole cost and expense of the Purchasers. The parties hereto agree If any Purchaser or the Collateral Agent at any time has a reasonable basis to believe that no investigation there may be a violation of any federal, state or local laws, rules or regulations relating to or governing the use, storage, disposal, research or testing of anthrax and/or other biological or microbial agents which could reasonably be expected to have a Material Adverse Effect on the Company, then the Company shall, upon Collateral Agent’s or such Purchaser’s (as applicable) written request, (i) cause the performance of such environmental audits, and preparation of such environmental reports, at the Company’s expense, as Collateral Agent or such Purchaser may from time to time reasonably request, which shall be conducted by the Purchasers reputable environmental consulting firms reasonably acceptable to Collateral Agent or such Purchaser and shall be in form and substance reasonably acceptable to Collateral Agent, and (ii) permit Collateral Agent or such Purchaser or their respective representatives to have access to all property for the purpose of conducting such environmental audits and testing. The Company shall affect or limit reimburse Collateral Agent for the scope costs of such audits and tests. Subject to the representations and warranties of limitations required due to the Company contained herein or in any Transaction Document delivered pursuant hereto or limit liability for breach nature of any such representation classified work, contracts or warranty. The Purchasers customer relationships, the Collateral Agent and each Purchaser shall have the right to examine and verify accounts, inventory and other properties and liabilities of the Company and its Subsidiaries from time to time, and the Company shall cooperate with the Purchasers Collateral Agent and each Purchaser in such verification. Without limitation of the foregoing, subject to limitations required due to the nature of any classified work, contracts or customer relationships, the Company hereby authorizes its officers, employees and independent accountants to discuss with each Purchaser and the Purchasers Collateral Agent the affairs of the Company and its Subsidiaries.

Appears in 1 contract

Samples: Purchase Agreement (Analex Corp)

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