Common use of Review of Operations Clause in Contracts

Review of Operations. The Agent shall have completed a review of the operations of the Loan Parties (including, without limitation, an on-site review of the financial statements, financial reporting and computer systems and inventory, receivables, and equipment by the Agent), each in scope, and with results, satisfactory to the Agent; without limiting the generality of the foregoing, the Agent shall have been given such access to the management, records, books of account, schedules, projections, contracts and properties of each Loan Party as it shall have requested.

Appears in 2 contracts

Sources: Credit Agreement (Zaring National Corp), Credit Agreement (Zaring National Corp)

Review of Operations. The Agent shall have completed a review of the operations of the Loan Credit Parties (including, without limitation, an on-site review of the financial statements, financial reporting and computer systems and inventory, receivables, and equipment by the Agent), each in scope, and with results, satisfactory to the Agent; without limiting the generality of the foregoing, the Agent shall have been given such access to the management, records, books of account, schedules, projections, contracts and properties of each Loan Credit Party as it shall have requested.

Appears in 1 contract

Sources: Floor Plan Agreement (Zaring National Corp)