Common use of Inspection of Property and Books and Records Clause in Contracts

Inspection of Property and Books and Records. The Company and each Guarantor shall, and shall cause each of its respective Subsidiaries to, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company and such Subsidiaries. The Company and each Guarantor shall, and shall cause each of its respective Subsidiaries to, permit representatives and independent contractors of the Administrative Agent or any Lender to visit and inspect any of their respective Properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Company; provided, however, when an Event of Default exists the Administrative Agent or any Lender may do any of the foregoing at the expense of the Company at any time during normal business hours and without advance notice.

Appears in 3 contracts

Sources: Credit Agreement (Venoco, Inc.), Term Loan Agreement (Venoco, Inc.), Term Loan Agreement (Venoco, Inc.)

Inspection of Property and Books and Records. The Company and each Guarantor shallBorrower shall maintain, and shall cause each of its respective Subsidiaries toto maintain, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company Borrower and such SubsidiariesSubsidiary. The Company and each Guarantor shallBorrower shall permit, and shall cause each of its respective Subsidiaries toto permit, permit representatives and independent contractors of the Administrative Agent any Agents or any Lender Bank to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company Agent or Bank causing such inspection and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the CompanyBorrower; provided, however, that when an Event of Default exists either of the Administrative Agent Agents or any Lender Bank may do any of the foregoing at the expense of the Company Borrower at any time during normal business hours and without advance notice.

Appears in 3 contracts

Sources: Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp)

Inspection of Property and Books and Records. The Company and each Guarantor shall, Borrower shall maintain and shall cause each of its respective Subsidiaries to, to maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP (or statutory accounting principles which are converted to GAAP) consistently applied shall be made of all financial transactions and matters involving the respective assets and business of the Company Borrower and such Subsidiaries. The Company and each Guarantor shallBorrower shall permit, and shall cause each of its respective Subsidiaries toto permit, permit representatives and independent contractors of the Administrative Agent or any Lender to visit and inspect any of their respective Properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company and accountants at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the CompanyBorrower; provided, however, when a Default or an Event of Default exists the Administrative Agent or any Lender may do any of the foregoing at the expense of the Company Borrower at any time during normal business hours and without advance notice.

Appears in 2 contracts

Sources: Credit Agreement (Healthcare Compare Corp/De/), Credit Agreement (Healthcare Compare Corp/De/)

Inspection of Property and Books and Records. The Company and each Guarantor shall, Borrower shall maintain and shall cause each of its respective Subsidiaries to, to maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company Borrower and such SubsidiariesSubsidiary. The Company and each Guarantor shallBorrower shall permit, and shall cause each of its respective Subsidiaries to, to permit representatives and independent contractors of either of the Administrative Agent Agents or any Lender Bank to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company Agent or Bank causing such inspection and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the CompanyBorrower; provided, however, that when an Event of Default exists either of the Administrative Agent Agents or any Lender Bank may do any of the foregoing at the expense of the Company Borrower at any time during normal business hours and without advance notice.

Appears in 2 contracts

Sources: Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp)

Inspection of Property and Books and Records. The Company and each Guarantor shall, shall -------------------------------------------- maintain and shall cause each of its respective Material Subsidiaries to, to maintain in all material respects proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company and such SubsidiariesSubsidiary. The Company and each Guarantor shallshall permit, and shall cause each of its respective Subsidiaries toto permit, permit representatives and independent contractors of the Administrative Agent or any Lender Bank to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Company; provided, however, when an Event of Default exists the Administrative Agent or any Lender -------- ------- Bank may do any of the foregoing at the reasonable expense of the Company at any time during normal business hours and without advance notice.

Appears in 2 contracts

Sources: Credit Agreement (McKesson Corp), Credit Agreement (McKesson Corp)

Inspection of Property and Books and Records. The Parent -------------------------------------------- and the Company and each Guarantor shall, and shall cause each of its respective Subsidiaries Subsidiary to, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Parent, the Company and such SubsidiariesSubsidiary. The Parent and the Company and each Guarantor shallshall permit, and shall cause each of its respective Subsidiaries toSubsidiary to permit, permit representatives and independent contractors of the Administrative Agent or any Lender to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial financial, operating and operating other records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Company; provided, however, when -------- ------- an Event of Default exists the Administrative Agent or any Lender may do any of the foregoing at the expense of the Company at any time during normal business hours and without advance notice.any

Appears in 1 contract

Sources: Credit Agreement (Mail Well Inc)

Inspection of Property and Books and Records. The Company and each Guarantor shall, Borrower shall maintain and shall cause each of its respective Subsidiaries to, Subsidiary to maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company Borrower and such SubsidiariesSubsidiary. The Company and each Guarantor shallBorrower shall permit, and shall cause each of its respective Subsidiaries toSubsidiary to permit, permit representatives and independent contractors of the Administrative Agent or any Lender Bank to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the CompanyBorrower; providedPROVIDED, howeverHOWEVER, when an Event of Default exists the Administrative Agent or any Lender Bank may do any of the foregoing at the expense of the Company Borrower at any time during normal business hours and without advance notice.

Appears in 1 contract

Sources: Credit Agreement (Montgomery Ward Holding Corp)

Inspection of Property and Books and Records. The Company Each of Parent and each Guarantor Borrower shall, and shall cause each of its respective Subsidiaries to, maintain proper books of record and account, in which which, in all material respects, full, true and correct entries in conformity with GAAP on an accrual basis consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company such Person. Each of Parent and such Subsidiaries. The Company and each Guarantor Borrower shall, and shall cause each of its respective Subsidiaries to, permit representatives and independent contractors of the Administrative Agent or any Lender to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial and operating records, and to make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company such Loan Party and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Companysuch Person; provided, however, when at any time that an Event of Default exists the Administrative Agent or any Lender may do any of the foregoing at the expense of the Company Parent and Borrower at any time during normal business hours and without advance notice.

Appears in 1 contract

Sources: Credit Agreement (Midstates Petroleum Company, Inc.)

Inspection of Property and Books and Records. The Company and each Guarantor shall, Borrower shall maintain and shall cause each of its respective Subsidiaries to, Subsidiary to maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company Borrower and such SubsidiariesSubsidiary. With respect to each unit of Eligible Equipment owned by it, Borrower shall maintain records on a continuous basis, which shall be in such form and show such information with respect to each individual unit of Eligible Equipment as is necessary for the determination of the Net Book Value of the Eligible Equipment and the security value of the Vehicle. The Company and each Guarantor shallBorrower shall permit, and shall cause each of its respective Subsidiaries toSubsidiary to permit, permit representatives and independent contractors of the Administrative Agent or any Lender Banks to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the CompanyBorrower; provided, however, when an Event of Default exists the Administrative Agent or any Lender Banks may do any of the foregoing at the expense of the Company Borrower at any time during normal business hours and without advance notice.

Appears in 1 contract

Sources: Master Credit Agreement (Matlack Systems Inc)

Inspection of Property and Books and Records. The Company (a) Each of Parent and each Guarantor Borrower shall, and shall cause each of its respective Subsidiaries to, maintain proper books of record and account, in which which, in all material respects, full, true and correct entries in conformity with GAAP on an accrual basis consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company such Person. (b) Each of Parent and such Subsidiaries. The Company and each Guarantor Borrower shall, and shall cause each of its respective Subsidiaries to, permit representatives and independent contractors of the Administrative Agent or any Lender to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial and operating records, and to make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company such Loan Party and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Companysuch Person; provided, however, when at any time that an Event of Default exists the Administrative Agent or any Lender may do any of the foregoing at the expense of the Company Parent and Borrower at any time during normal business hours and without advance notice.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Midstates Petroleum Company, Inc.)

Inspection of Property and Books and Records. The Company and each Guarantor shall, Borrower shall maintain and shall cause each of its respective Material Subsidiaries to, to maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company Borrower and such Subsidiaries. The Company and each Guarantor shallBorrower shall permit, and shall cause each of its respective Material Subsidiaries toto permit, permit representatives and independent contractors of the Administrative Agent or any Lender Bank to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, officers and independent public accountants, all at the expense of the Company and accountants at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the CompanyBorrower; provided, however, when an Event of a Default exists exists, (A) the Administrative Agent or any Lender Bank may do any of the foregoing at with respect to the expense of the Company Borrower or any Subsidiary at any time during normal business hours and without advance noticenotice and (B) such inspection, examination and meetings shall be at the Borrower's expense.

Appears in 1 contract

Sources: Credit Agreement (Ceridian Corp)

Inspection of Property and Books and Records. The Company and each Guarantor shall, Borrower shall maintain and shall cause each of its respective Subsidiaries to, to maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company Borrower and such SubsidiariesSubsidiary. The Company and each Guarantor shallBorrower shall permit, and shall cause each of its respective Subsidiaries to, to permit representatives and independent contractors of either of the Administrative Agent Agents or any Lender Bank to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company Agent or Bank causing such inspection and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the CompanyBorrower; provided, however, that when an Event of Default exists either of the Administrative Agent Agents or any Lender Bank may do any of the foregoing at the expense of the Company Borrower at any time during normal business hours and without advance notice......................................................................................

Appears in 1 contract

Sources: Credit Agreement (Atmos Energy Corp)

Inspection of Property and Books and Records. The Company and each Guarantor Each Obligor shall, and shall cause each of its respective Material Subsidiaries to, maintain and shall cause each Material Subsidiary to maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP GAAP, or its foreign equivalent, consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company such Obligor and such SubsidiariesSubsidiary. The Company and each Guarantor shall, and Obligors shall cause each of its respective Subsidiaries to, permit representatives and independent contractors of the Administrative Agent or any Lender to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, to inspect and audit Collateral, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company Borrowers and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the CompanyBorrowers' Representative; provided, however, when an Event of Default exists the Administrative Agent or any Lender may do any of the foregoing at the expense of the Company at any time during normal business hours and without advance notice.

Appears in 1 contract

Sources: Credit Agreement (Law Companies Group Inc)

Inspection of Property and Books and Records. The Company and each Guarantor shallParent shall maintain, and shall cause each of its respective Subsidiaries toto maintain, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP or SAP, as applicable, consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company Parent and each such SubsidiariesSubsidiary. The Company and each Guarantor shallParent shall permit, and shall cause each of its respective Subsidiaries toto permit, permit representatives and independent contractors of the Administrative Agent or any Lender Bank to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company applicable Person if a Default or Event of Default has occurred and is continuing and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Companyapplicable Person; provided, however, when an Event of Default or Default exists the Administrative Agent or any Lender Bank may do any of the foregoing at the expense of the Company at any time during normal business hours and without advance notice.

Appears in 1 contract

Sources: Credit Agreement (Phoenix Companies Inc/De)

Inspection of Property and Books and Records. The Company and each Guarantor Borrower shall, and shall cause each of its respective Subsidiaries to, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company Borrower and such its Subsidiaries, as applicable. The Company and each Guarantor Borrower shall, and shall cause each of its respective Subsidiaries to, permit permit, representatives and independent contractors of the Administrative ▇▇▇▇▇▇ Energy Loan Agreement Agent or any Lender to visit and inspect any of their respective Propertiesproperties, to examine their respective corporatecompany, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the CompanyBorrower; provided, however, when if an Event of Default exists shall have occurred and be continuing, the Administrative Agent or any Lender may do any of the foregoing at the expense of the Company Borrower at any time during normal business hours and without advance notice.

Appears in 1 contract

Sources: Loan Agreement (Miller Energy Resources, Inc.)

Inspection of Property and Books and Records. The Company and each Guarantor shall, Borrower shall -------------------------------------------- maintain and shall cause each of its respective Subsidiaries to, to maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company Borrower and such SubsidiariesSubsidiary. The Company and each Guarantor shallBorrower shall permit, and shall cause each of its respective Subsidiaries to, to permit representatives and independent contractors of the Administrative Agent or any Lender Bank to visit and inspect any of their respective Propertiesproperties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company Agent or Bank causing such inspection and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the CompanyBorrower; provided, however, when an Event -------- ------- of Default exists the Administrative Agent or any Lender Bank may do any of the foregoing at the expense of the Company Borrower at any time during normal business hours and without advance notice.

Appears in 1 contract

Sources: Credit Agreement (Atmos Energy Corp)

Inspection of Property and Books and Records. The Company and each Guarantor shall, shall maintain and shall cause each of its respective Subsidiaries to, Subsidiary to maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company and such SubsidiariesSubsidiary. The Company and each Guarantor shallshall permit, and shall cause each of its respective Subsidiaries toSubsidiary to permit, permit representatives and independent contractors of the Administrative Agent or any Lender Bank to visit and inspect any of their respective Propertiesproperties, to examine and audit their respective corporate, financial and operating recordsrecords (including, without limitation, any information relating to calculations in any Borrowing Base Certificate), and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective managers, directors, officers, and independent public accountants, all at the expense of the Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Company; provided, however, when an Event of Default exists the Administrative Agent or any Lender Bank may do any of the foregoing at the expense of the Company at any time during normal business hours and without advance notice.

Appears in 1 contract

Sources: Credit Agreement (California Microwave Inc)