Common use of Records and Certifications Clause in Contracts

Records and Certifications. Borrower shall faithfully keep complete and accurate books, records and lists and make all necessary entries therein to reflect the quantities, costs, current values and locations of its Inventory and the transactions and facts giving rise to its Accounts and Contract Rights constituting Proceeds of the Collateral, and Borrower shall keep the Collateral Agent fully and accurately informed as to the locations of all such books, lists and records. Borrower shall permit Collateral Agent's agents to have access during normal business hours to such books, lists and records on Borrower's premises for the purpose of examining, auditing and copying them. If Borrower refuses Collateral Agent access in accordance with this provision, then Collateral Agent shall have the right to take possession of such books, lists and records, which right shall be enforceable by an action of replevin or by any other appropriate remedy at law or in equity.

Records and Certifications. Each Borrower shall faithfully keep complete and accurate books, records and lists and make all necessary entries therein to reflect the quantities, costs, current values and locations of its Inventory and the transactions and facts giving rise to its Accounts and Contract Rights constituting Proceeds of the Collateral, and each Borrower shall keep the Collateral Agent fully and accurately informed as to the locations of all such books, lists and records. Each Borrower shall permit Collateral Agent's agents to have access during normal business hours to such books, lists and records on such Borrower's premises for the purpose of examining, auditing and copying them. If a Borrower refuses Collateral Agent access in accordance with this provision, then Collateral Agent shall have the right to take possession of such books, lists and records, which right shall be enforceable by an action of replevin or by any other appropriate remedy at law or in equity.