Common use of Inspection and Records Clause in Contracts

Inspection and Records. The Borrower will permit the Agent and any agent of the Agent to visit and inspect any of its respective properties, corporate books, financial records, grain and inventory warehouses, and grain and ethanol, corn oil and distiller's grains inventory records, and to discuss its affairs, finances and accounts with their principal officers and independent public accountants, all at such reasonable times and as often as the Agent may reasonably request. At the request of the Agent, the Borrower shall permit, and will cooperate with the Agent in arranging for, inspections from time to time of Borrower's facilities and audits of the Collateral. The Borrower acknowledges that any reports and inspections conducted or generated by the Agent or its agents or representatives, shall be made for the sole benefit of the Lenders and not for the benefit of the Borrower or any third party, and the Agent and Lenders do not assume any liability, responsibility or obligation to the Borrower or any third party by reason of such inspections or reports. The costs and expenses of such audits and inspections made by the Agent shall be paid or reimbursed by the Borrower.

Inspection and Records. The Borrower will permit the Agent Lender and any agent of the Agent Lender to visit and inspect any of its respective properties, corporate books, financial records, grain and inventory warehouses, and grain and ethanol, corn oil ethanol and distiller's grains inventory records, and to discuss its affairs, finances and accounts with their its principal officers and independent public accountants, all at such reasonable times and as often as the Agent Lender may reasonably request. At the request of the AgentLender, the Borrower shall permit, and will cooperate with the Agent Lender in arranging for, inspections from time to time of the Borrower's facilities and audits of the Collateral. The Borrower acknowledges that any reports and inspections conducted or generated by the Agent Lender or its agents or representatives, shall be made for the sole benefit of the Lenders Lender and not for the benefit of the Borrower or any third party, and the Agent and Lenders do Lender does not assume any liability, responsibility or obligation to the Borrower or any third party by reason of such inspections or reports. The reasonable costs and expenses of such audits and inspections made by the Agent Lender shall be paid or reimbursed by the Borrower.