Books and Records; Inspection and Appraisal Rights Sample Clauses

Books and Records; Inspection and Appraisal Rights. (a) The Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities. The Borrower will, and will cause each of its Subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often as reasonably requested. (b) The Borrower will, and will cause each of its Subsidiaries to, permit the Administrative Agent and any representatives designated by it (including any consultants, accountants, lawyers and appraisers retained by the Administrative Agent) to conduct collateral reviews and evaluations and appraisals of the assets included in the Applicable Asset Coverage Amount at any time and the Borrower’s computation of the Applicable Asset Coverage Amount, all at such reasonable times and as often as reasonably requested. The Company shall pay the documented fees and expenses of employees of the Administrative Agent (including reasonable and customary internally allocated fees of such employees incurred in connection with periodic collateral evaluations and appraisals and internally allocated monitoring fees associated with the Administrative Agent’s “collateral agent services group” or similar body) or any representatives (including any inventory appraisal firm) retained by the Administrative Agent to conduct any such evaluation or appraisal; provided that the Company shall only be required to pay fees and expenses incurred in connection with one such evaluation or appraisal per calendar year, in addition to any such evaluation or appraisal conducted while a Default has occurred and is continuing. The Administrative Agent shall provide, or make available, to each Lender a copy of any such evaluation or appraisal.

Books and Records; Inspection and Appraisal Rights. The Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities. The Borrower will, and will cause each of its Subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often as reasonably requested.