Common use of Access Right of Inspection and Further Assurances Clause in Contracts

Access Right of Inspection and Further Assurances. (a) Access; Right of Inspection. Upon reasonable prior notice, the Secured Party shall have full and free access during normal business hours to all the books, correspondence and records of each Grantor, and the Secured Party and its representatives may examine the same, take extracts therefrom and make photocopies thereof, and each Grantor agrees to render to the Secured Party, at such Grantor’s cost and expense, such clerical and other assistance as may be reasonably requested with regard thereto. If requested by a Grantor, and necessary in order to prevent such Grantor from breaching any third party contracts, the Secured Party shall agree to keep confidential information obtained from the Grantor, subject to customary exceptions, including without limitation, if required by legal or regulatory process and if necessary in connection with the enforcement of the Secured Party’s rights under the Transaction Documents. Upon reasonable prior notice, the Secured Party and its representatives shall also have the right to enter any premises of each Grantor and inspect any property of each Grantor where any of the Collateral of such Grantor granted pursuant to this Agreement is located for the purpose of inspecting the same, observing its use or otherwise protecting its interests therein.