Common use of Access Right of Inspection and Further Assurances Clause in Contracts

Access Right of Inspection and Further Assurances. (a) ACCESS; RIGHT OF INSPECTION. Subject to the Joint Collateral Agent complying with all laws and performing all acts as may be required by any governmental authority with respect to protecting classified assets (including, without limitation, information, contracts and programs) and export controlled information in the manner requested by such governmental authority, the Joint Collateral Agent shall at reasonable times have full and free access during normal business hours to all the books, correspondence and records of each Grantor (to the extent any such materials are not classified under federal law or other applicable law to the Person making such examination at such time), and the Joint Collateral Agent and its representatives may examine the same, take extracts therefrom and make photocopies thereof (to the extent any such materials are not classified under federal law or other applicable law), and each Grantor agrees to render to the Joint Collateral Agent, at such Grantor's cost and expense, such clerical and other assistance as may be reasonably requested with regard thereto. The Joint Collateral Agent and its representatives shall at all reasonable times also have the right to enter any premises of each Grantor and inspect any property of each Grantor where any of the Collateral of such Grantor granted pursuant to this Agreement is located for the purpose of inspecting the same, observing its use or otherwise protecting its interests therein.

Appears in 1 contract

Samples: Pledge and Security Agreement (Hexcel Corp /De/)

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