Common use of Access and Examination; Confidentiality Clause in Contracts

Access and Examination; Confidentiality. (a) The Agent, accompanied by any Lender which so elects, may at all reasonable times during regular business hours (and at any time when a Default or Event of Default exists and is continuing) have access to, examine, audit, make extracts from or copies of and inspect any or all of any Loan Party's records, files, and books of account and the Collateral, and discuss any Loan Party's affairs with its and the Parent Guarantor's officers and management. Each Loan Party will deliver to the Agent any instrument necessary for the Agent to obtain records from any service bureau maintaining records for such Loan Party. The Agent may, and at the direction of the Majority Lenders shall, at any time when a Default or Event of Default exists, and at the Borrower's expense, make copies of all of any Loan Party's books and records, or require any Loan Party to deliver such copies to the Agent. The Agent may, without expense to the Agent, use such of any Loan Party's respective personnel, supplies, and premises as may be reasonably necessary for maintaining or enforcing the Agent's Liens. The Agent shall have the right, at any time, in the Agent's name or in the name of a nominee of the Agent, to verify the validity, amount or any other matter relating to the Accounts, Inventory, or other Collateral, by mail, telephone, or otherwise.

Appears in 2 contracts

Samples: Loan, Guaranty and Security Agreement (Riddell Sports Inc), Guaranty and Security Agreement (Riddell Sports Inc)

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Access and Examination; Confidentiality. (a) The Agent, accompanied by any Lender which so elects, may at all reasonable times during regular business hours (and at any time when a Default or Event of Default exists and is continuing) have access to, examine, audit, make extracts from or copies of and inspect any or all of any Loan Party's records, files, and books of account and the CollateralCollateral with respect to such Loan Party, and discuss any each Loan Party's affairs with its and the Parent Guarantoreach Loan Party's officers and management. Each Loan Party will deliver to the Agent any instrument reasonably necessary for the Agent to obtain records from any service bureau maintaining records for such Loan Party. The Agent may, and at the direction of the Majority Lenders shall, at any time when a Default or Event of Default exists, and at the Borrowerany Loan Party's expense, make copies of all of any such Loan Party's books and records, or require any such Loan Party to deliver such copies to the Agent. The Agent mayLoan Parties, without at no cost or expense to the Agent, shall render such assistance to the Agent (including use such of any Loan Party's respective personnel, supplies, and premises premises) as may be reasonably necessary for maintaining or enforcing the Agent's Liens. The Agent shall have the right, at any time, in the Agent's name or in the name of a nominee of the Agent, to verify the validity, amount or any other matter relating to the Accounts, Inventory, or other Collateral, by mail, telephone, or otherwise.

Appears in 1 contract

Samples: Loan and Security Agreement (Gt Bicycles Inc)

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Access and Examination; Confidentiality. (a) The Agent, accompanied by any Lender which so elects, may at all reasonable times during regular business hours and upon reasonable prior notice (and at any time when a Default or Event of Default exists and is continuingexists) have access to, examine, audit, make extracts from or copies of and inspect any or all of any Loan Partyeach Borrower's records, files, and books of account and the Collateral, and discuss any Loan Partysuch Borrower's affairs with its and the Parent Guarantorsuch Borrower's officers officers, employees and management. Each Loan Party Borrower will deliver to the Agent any instrument necessary for the Agent to obtain records from any service bureau maintaining records for such Loan Partyeither Borrower. The Agent may, and at the direction of the Majority Lenders shall, at any time when a Default or Event of Default exists, and at the applicable Borrower's ' expense, make copies of all of any Loan Partythat Borrower's books and records, or require any Loan Party such Borrower to deliver such copies to the Agent. The Agent may, without expense to the Agent, use such of any Loan Partyeach Borrower's respective personnel, supplies, and premises as may be reasonably necessary for maintaining or enforcing the Agent's Liens. The Agent shall have the right, at any time, in the Agent's name or in the name of a nominee of the Agent, to verify the validity, amount or any other matter relating to the Accounts, Inventory, or other Collateral, by mail, telephone, or otherwise.

Appears in 1 contract

Samples: Loan and Security Agreement (Waxman Industries Inc)

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