Common use of Access to Collateral; Books and Records Clause in Contracts

Access to Collateral; Books and Records. Allow Agent, or its agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with Section 6.13. Such inspections or audits shall occur during Borrower’s usual business hours and upon at least five (5) business days’ prior written notice and be conducted no more often than once every twelve (12) months, unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Agent shall determine is necessary. The foregoing inspections and audits shall be at Borrowers’ expense.

Appears in 6 contracts

Sources: Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement

Access to Collateral; Books and Records. Allow Administrative Agent, Collateral Trustee, or its respective agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with this Section 6.136.9. Such inspections or audits shall occur during Borrower’s usual business hours and upon at least five (5) business days’ prior written notice and be conducted no more often than once every twelve (12) months, months unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Administrative Agent shall determine is necessary. The foregoing inspections and audits shall be at Borrowers’ expense.

Appears in 6 contracts

Sources: Loan and Security Agreement (Neumora Therapeutics, Inc.), Loan and Security Agreement (Alto Neuroscience, Inc.), Loan and Security Agreement (Alto Neuroscience, Inc.)

Access to Collateral; Books and Records. Allow Administrative Agent, Collateral Trustee, or its respective agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with Section 6.13. Such inspections or audits shall occur during Borrower’s usual business hours and upon at least five (5) business days’ prior written notice and be conducted no more often than once every twelve (12) months, months unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Administrative Agent shall determine is necessary. The foregoing inspections and audits shall be at Borrowers’ expense.

Appears in 3 contracts

Sources: Loan and Security Agreement (Surface Oncology, Inc.), Loan and Security Agreement (Molecular Templates, Inc.), Loan and Security Agreement (Surface Oncology, Inc.)

Access to Collateral; Books and Records. Allow Agent, or its agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with Section 6.13. Such inspections or audits shall occur during Borrower’s usual business hours and upon at least five (5) business days’ prior written notice and be conducted no more often than once every twelve six (126) months, months unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Agent shall determine is necessary. The foregoing inspections and audits shall be at Borrowers’ expense.

Appears in 2 contracts

Sources: Loan and Security Agreement (EBR Systems, Inc.), Loan and Security Agreement (Brilliant Earth Group, Inc.)

Access to Collateral; Books and Records. Allow Agent, or its agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with Section 6.136.13 at reasonable times during normal business hours and upon reasonable notice. Such inspections or audits shall occur during Borrower’s usual business hours and upon at least five (5) business days’ prior written notice and be conducted no more often than once every twelve (12) months, months unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Agent shall determine is necessary. The foregoing inspections and audits shall be at Borrowers’ expense.

Appears in 1 contract

Sources: Loan and Security Agreement (Tracon Pharmaceuticals, Inc.)

Access to Collateral; Books and Records. Allow Agent, or its agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with Section 6.13. Such inspections or audits shall occur during Borrower’s usual business hours and upon at least five (5) business days’ prior written notice and be conducted no more often than once every twelve six (126) months, on five (5) days’ prior notice, unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Agent shall determine is necessary. The foregoing inspections and audits shall be at Borrowers’ expense.

Appears in 1 contract

Sources: Loan and Security Agreement (Colonnade Acquisition Corp.)

Access to Collateral; Books and Records. Allow Administrative Agent, Collateral Trustee, or its their respective agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with Section 6.13. Such inspections or audits shall occur during Borrower’s usual business hours and upon at least five (5) business days’ prior written notice and be conducted no more often than once every twelve (12) months, months unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Administrative Agent shall determine is necessary. The foregoing inspections and audits shall be at Borrowers’ expenseexpense and the charge therefor shall represent the then-current standard charge of the Administrative Agent or Collateral Trustee, as applicable.

Appears in 1 contract

Sources: Loan and Security Agreement (Werewolf Therapeutics, Inc.)

Access to Collateral; Books and Records. Allow Administrative Agent, Collateral Trustee, or its respective agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with Section 6.13. Such inspections or audits shall occur during Borrower’s usual business hours and upon at least five (5) business days’ prior written notice and be conducted no more often than once every twelve (12) months, months unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Administrative Agent shall determine is necessary. The foregoing inspections and audits of Administrative Agent and its respective agents only shall be at Borrowers’ expense.

Appears in 1 contract

Sources: Loan and Security Agreement (Evelo Biosciences, Inc.)

Access to Collateral; Books and Records. Allow Administrative Agent, Collateral Trustee, or its respective agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with Section 6.13. Such inspections or audits shall occur during Borrower’s usual business hours and upon at least five (5) business days’ prior written notice and be conducted upon reasonable notice, no more often than once every twelve (12) months, months unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Administrative Agent shall determine is necessary. The foregoing inspections and audits shall be at Borrowers’ expense.

Appears in 1 contract

Sources: Loan, Guaranty, and Security Agreement (ASLAN Pharmaceuticals LTD)

Access to Collateral; Books and Records. Allow Administrative Agent, any Collateral Agent, or its any of their respective agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with this Section 6.136.9. Such inspections or audits shall occur during Borrower’s usual business hours and upon at least five (5) business days’ prior written notice and be conducted no more often than once every twelve (12) months, months unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Administrative Agent shall determine is necessary. The foregoing inspections and audits shall be at Borrowers’ expense.

Appears in 1 contract

Sources: Loan and Security Agreement (Mind Medicine (MindMed) Inc.)

Access to Collateral; Books and Records. Allow Administrative Agent, Collateral Trustee, or its their respective agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with Section 6.13. Such inspections or audits shall occur be conducted during Borrower’s usual normal business hours and upon at least five (5) business days’ prior written reasonable notice and be conducted no more often than once every twelve (12) months, months unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Administrative Agent shall determine is necessary. The foregoing inspections and audits shall be at Borrowers’ expense.

Appears in 1 contract

Sources: Loan and Security Agreement (TScan Therapeutics, Inc.)

Access to Collateral; Books and Records. Allow Administrative Agent, any Collateral Agent, or its any of their respective agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with this Section 6.136.96.9. Such inspections or audits shall occur during Borrower’s usual business hours and upon at least five (5) business days’ prior written notice and be conducted no more often than once every twelve (12) months, months unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Administrative Agent shall determine is necessary. The foregoing inspections and audits shall be at Borrowers’ expense.

Appears in 1 contract

Sources: Loan and Security Agreement (Mind Medicine (MindMed) Inc.)

Access to Collateral; Books and Records. Allow Administrative Agent, Collateral Trustee, or its respective agents, to inspect the Collateral and audit and copy such Loan Party’s Books in accordance with Section 6.13. Such inspections or audits shall occur during Borrower’s usual business hours and upon at least five (5) business days’ prior written notice and be conducted no more often than once every twelve (12) months, months unless an Event of Default has occurred and is continuing in which case such inspections and audits shall occur as often and at such times as Administrative 205707600 v10 Agent shall determine is necessary. The foregoing inspections and audits of Administrative Agent and its respective agents only shall be at Borrowers’ expense.

Appears in 1 contract

Sources: Loan and Security Agreement (Evelo Biosciences, Inc.)