Common use of Inspection and Reporting Clause in Contracts

Inspection and Reporting. Each Grantor shall permit the Collateral Agent and each Buyer, or any agent or representatives thereof or such professionals or other Persons as the Collateral Agent or any Buyer may designate, during normal business hours, after reasonable notice in the absence of an Event of Default and not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from any Grantor’s records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of any Grantor from time to time, and (iv) to conduct audits, physical counts, appraisals and/or valuations, and examinations at the locations of any Grantor. Each Grantor shall also permit the Collateral Agent and each Buyer, or any agent or representatives thereof or such professionals or other Persons as the Collateral Agent may designate to discuss such Grantor’s affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other professional representatives.

Inspection and Reporting. Each Grantor shall permit the Collateral Agent and each BuyerAgent, or any agent or representatives thereof or such professionals or other Persons as the Collateral Agent or any Buyer may designate, during normal business hours, upon reasonable request and after reasonable notice prior notice, in the absence of an Event of Default and not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from any Grantor’s records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of any Grantor from time to time, and (iviii) to conduct audits, physical counts, appraisals and/or valuations, and examinations at the locations of any Grantor. Each Upon reasonable request, each Grantor shall also permit the Collateral Agent and each BuyerAgent, or any agent or representatives thereof or such professionals or other Persons as the Collateral Agent may designate to discuss such Grantor’s affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other professional representatives.

Inspection and Reporting. Each Grantor shall permit the Second Lien Collateral Agent and each BuyerAgent, or any agent or representatives thereof or such professionals or other Persons as the Second Lien Collateral Agent or any Buyer may designate, during normal business hours, after reasonable notice prior notice, in the absence of an Event of Default and not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from any Grantor’s records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of any Grantor from time to time, and (iviii) to conduct audits, physical counts, appraisals and/or valuations, and examinations at the locations of any Grantor. Each Grantor shall also permit the Second Lien Collateral Agent and each BuyerAgent, or any agent or representatives thereof or such professionals or other Persons as the Second Lien Collateral Agent may designate to discuss such Grantor’s affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other professional representatives.