Common use of Analysis of Accounts Clause in Contracts

Analysis of Accounts. The Agent shall have the right at any time to make test verifications of the Accounts in any manner and through any medium that it considers reasonably advisable, and the Pledgor shall furnish all such assistance and information as the Agent may reasonably require in connection with such test verifications. At any time and from time to time upon the occurrence and during the continuance of an Event of Default, upon the Agent's reasonable request and at the expense of the Pledgor, the Pledgor shall cause independent public accountants or others satisfactory to the Agent to furnish to the Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts. Upon the occurrence and during the continuance of an Event of Default, the Agent in its own name or in the name of others may communicate with account debtors on the Accounts to verify with them to the Agent's reasonable satisfaction the existence, amount and terms of any Accounts.

Analysis of Accounts. The Agent shall have the right at any time to make test verifications of the Accounts in any manner and through any medium that it considers reasonably advisable, and the Pledgor Borrower shall furnish all such assistance and information as the Agent may reasonably require in connection with such test verifications. At any time and from time to time upon the occurrence and during the continuance of an Event of Default, upon the Agent's reasonable request and at the expense of the PledgorBorrower, the Pledgor Borrower shall cause independent public accountants or others satisfactory to the Agent to furnish to the Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts. Upon the occurrence and during the continuance of an Event of Default, the Agent in its own name or in the name of others may communicate with account debtors on the Accounts to verify with them to the Agent's reasonable satisfaction the existence, amount and terms of any Accounts.