Common use of Access; Right of Inspection Clause in Contracts

Access; Right of Inspection. The Collateral Agent shall at all times (prior to the occurrence and continuation of a Default or an Event of Default, subject to and in accordance with Section 5.6 of the Credit Agreement) have full and free access during normal business hours to all the books, correspondence and records of each Grantor, and the Collateral Agent and its representatives may examine the same, take extracts therefrom and make photocopies thereof, and each Grantor agrees to render to the Collateral Agent, at such Grantor’s cost and expense, such clerical and other assistance as may be reasonably requested with regard thereto. The Collateral Agent and its representatives shall at all 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 2 contracts

Samples: Security Agreement (X Rite Inc), Security Agreement (X Rite Inc)

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Access; Right of Inspection. The Collateral Agent shall at all times times, upon reasonable prior notice (prior to the occurrence and continuation of a Default or unless an Event of DefaultDefault shall have occurred and be continuing, subject to and in accordance with Section 5.6 of the Credit Agreement) which case prior notice shall not be required), have full and free access during normal business hours to all the books, correspondence and records of each Grantor, and the Collateral Agent and its representatives may examine the same, take extracts therefrom and make photocopies thereof, and each Grantor agrees to render to the Collateral Agent, at such Grantor’s 's cost and expense, such clerical and other assistance as may be reasonably requested with regard thereto. The Collateral Agent and its representatives shall at all times also have the right right, upon reasonable prior notice (unless an Event of Default shall have occurred and be continuing, in which case prior notice shall not be required), 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 2 contracts

Samples: Pledge and Security Agreement (Uae Ref Fuel Ii Corp), Pledge and Security Agreement (MSW Energy Hudson LLC)

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