Common use of Inspection of Collateral and Records Clause in Contracts

Inspection of Collateral and Records. Subject to and consistent with the provisions of Sections 5.1(h) and 5.1(m) of the Credit Agreement, during Debtor's usual business hours, Agent may inspect and examine the Collateral and check and test the same as to quality, quantity, value and condition. Agent shall also have the right at any time or times hereafter, during Debtor's usual business hours or during the usual business hours of any third party having control over the records of Debtor, to inspect and verify Debtor's Books in order to verify the amount or condition of, or any other matter relating to, the Collateral and Debtor's financial condition and to copy and make extracts therefrom. Debtor waives the right to assert a confidential relationship. If any, it may have with any accounting firm and/or service bureau in connection with any information requested by Agent pursuant to this Security Agreement and Assignment and agrees that Agent may directly contact any such accounting firm and/or service bureau in order to obtain such information.

Appears in 1 contract

Sources: Security Agreement (Electronic Fab Technology Corp)

Inspection of Collateral and Records. Subject to and consistent with the provisions of Sections SECTIONS 5.1(h) and 5.1(m) of the Credit Agreement, during Debtor's usual business hours, Agent may inspect and examine the Collateral and check and test the same as to quality, quantity, value and condition. Agent shall also have the right at any time or times hereafter, during Debtor's usual business hours or during the usual business hours of any third party having control over the records of Debtor, to inspect and verify Debtor's Books in order to verify the amount or condition of, or any other matter relating to, the Collateral and Debtor's financial condition and to copy and make extracts therefrom. Debtor waives the right to assert a confidential relationship. If any, it may have with any accounting firm and/or service bureau in connection with any information requested by Agent pursuant to this Security Agreement and Assignment and agrees that Agent may directly contact any such accounting firm and/or service bureau in order to obtain such information.

Appears in 1 contract

Sources: Security Agreement (Analytical Surveys Inc)