Common use of Records, Reports and Information Clause in Contracts

Records, Reports and Information. Grantor and NL shall permit representatives of Secured Party to have access to and to examine the Physical Properties, and all books and records relating to any other Collateral during business hours upon notice of no less than five (5) Business days; and furnish to Secured Party, at Grantor’s expense, such other information relating to the affairs of Grantor as Secured Party reasonably may request from time to time. Without limiting the generality of the foregoing, Grantor shall, if reasonably requested by Secured Party, at any time, but no more frequently than on a weekly basis, when any Obligation remains unpaid or not performed hereunder, supply Secured Party promptly with, or cause Secured Party to be promptly supplied with monthly sales reports, setting forth the status of all presales entered into with respect to the Film. In addition Grantor and NL shall furnish or cause to be furnished to Secured Party such information relating to the distribution and licensing of the Film, business, properties, condition, operations and affairs of Grantor or, as the same may relate to the Film or any of the Collateral, NL, financial or otherwise, as Secured Party may reasonably request from time to time.

Records, Reports and Information. Grantor and NL shall permit representatives of Secured Party to have access to and to examine the Physical Properties, and all books and records relating to any other Collateral during business hours upon notice of no less than five (5) Business days; and furnish to Secured Party, at Grantor’s 's expense, such other information relating to the affairs of Grantor as Secured Party reasonably may request from time to time. Without limiting the generality of the foregoing, Grantor shall, if reasonably requested by Secured Party, at any time, but no more frequently than on a weekly basis, when any Obligation remains unpaid or not performed hereunder, supply Secured Party promptly with, or cause Secured Party to be promptly supplied with monthly sales reports, setting forth the status of all presales entered into with respect to the Film. In addition Grantor and NL shall furnish or cause to be furnished to Secured Party such information relating to the distribution and licensing of the Film, business, properties, condition, operations and affairs of Grantor or, as the same may relate to the Film or any of the Collateral, NL, financial or otherwise, as Secured Party may reasonably request from time to time.