Common use of Books, Records and Inspection Rights Clause in Contracts

Books, Records and Inspection Rights. Each Loan Party will, and will cause each of its Restricted Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries which permit the preparation of financial statements in accordance with GAAP and which conform in all material respects to all requirements of law, shall be made of all dealings and transactions in relation to its business and activities. At the expense of the Loan Parties, each Loan Party will, and will cause each of its Restricted Subsidiaries to, permit officers and designated representatives of the Administrative Agent and, if accompanied by the Administrative Agent, the Lenders, to visit and inspect, under guidance of officers of such Loan Party or its Restricted Subsidiary, any of the properties of such Loan Party or its Restricted Subsidiaries, and subject to appropriate confidentiality limitations, to examine and make copies of the books of account of such Loan Party or its Restricted Subsidiaries and discuss the affairs, finances and accounts of such Loan Party or its Restricted Subsidiaries with, and be advised as to the same by, its and its officers and independent accountants, all upon reasonable prior notice and at such reasonable times and intervals (during regular working hours) and to such reasonable extent as the Administrative Agent or a Lender may reasonably request; provided, however, (i) any such visit and inspection and examinations and verifications shall not materially interfere with the conduct of the business of such Loan Party and (ii) that unless an Event of Default or an Unmatured Event of Default shall have occurred and then be continuing at the time of such inspection, and examinations and verifications, the Loan Parties shall be required to reimburse the Administrative Agent, any Lender and their respective officers and designated representatives for reasonable and documented costs and expenses incurred in connection with only one such inspection for all such parties combined during any twelve (12) month period. 10.6

Appears in 2 contracts

Samples: Intercreditor Collateral Agreement (Triton International LTD), Triton International LTD

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Books, Records and Inspection Rights. Each Loan Party will, and will cause each of its Restricted Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries which permit the preparation of financial statements in accordance with GAAP and which conform in all material respects to all requirements of law, shall be made of all dealings and transactions in relation to its business and activities. At the expense of the Loan Parties, each Loan Party will, and will cause each of its Restricted Subsidiaries to, permit officers and designated representatives of the Administrative Agent and, if accompanied by the Administrative Agent, the Lenders, to visit and inspect, under guidance of officers of such Loan Party or its Restricted Subsidiary, any of the properties of such Loan Party or its Restricted Subsidiaries, and subject to appropriate confidentiality limitations, to examine and make copies of the books of account of such Loan Party or its Restricted Subsidiaries and discuss the affairs, finances and accounts of such Loan Party or its Restricted Subsidiaries with, and be advised as to the same by, its and its officers and independent accountants, all upon reasonable prior notice and at such reasonable times and intervals (during regular working hours) and to such reasonable extent as the Administrative Agent or a Lender may reasonably request; provided, however, (i) any such visit and inspection and examinations and verifications shall not materially interfere with the conduct of the business of such Loan Party and (ii) that unless an Event of Default or an Unmatured Event of Default shall have occurred and then be continuing at the time of such inspection, and examinations and verifications, the Loan Parties shall be required to reimburse the Administrative Agent, any Lender Agent and their respective officers and designated representatives for reasonable and documented costs and expenses incurred in connection with such inspections only one such inspection for all such parties combined once during any twelve (12) month period. 10.6.

Appears in 1 contract

Samples: Term Loan Agreement (Triton International LTD)

Books, Records and Inspection Rights. Each Loan Party will, and will cause each of its Restricted Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries which permit the preparation of financial statements in accordance with GAAP and which conform in all material respects to all requirements of law, shall be made of all dealings and transactions in relation to its business and activities. At the expense of the Loan Parties, each Loan Party will, and will cause each of its Restricted Subsidiaries to, permit officers and designated representatives of the Administrative Agent and, if accompanied by the Administrative Agent, the Lenders, to visit and inspect, under guidance of officers of such Loan Party or its Restricted Subsidiary, any of the properties of such Loan Party or its Restricted Subsidiaries, and subject to appropriate confidentiality limitations, to examine and make copies of the books of account of such Loan Party or its Restricted Subsidiaries and discuss the affairs, finances and accounts of such Loan Party or its Restricted Subsidiaries with, and be advised as to the same by, its and its officers and independent accountants, all upon reasonable prior notice and at such reasonable times and intervals (during regular working hours) and to such reasonable extent as the Administrative Agent or a Lender may reasonably request; provided, however, (i) any such visit and inspection and examinations and verifications shall not materially interfere with the conduct of the business of such Loan Party and (ii) that unless an Event of Default or an Unmatured Event of Default shall have occurred and then be continuing at the time of such inspection, and examinations and verifications, the Loan Parties shall be required to reimburse the Administrative Agent, any Lender Agent and their respective officers and designated representatives for reasonable and documented costs and expenses incurred in connection with such inspections only one such inspection for all such parties combined once during any twelve (12) month period. 10.6

Appears in 1 contract

Samples: Term Loan Agreement (Triton International LTD)

Books, Records and Inspection Rights. Each Loan Party The Borrower will, and will cause each of its Restricted Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries which permit the preparation of financial statements in accordance with GAAP and which conform in all material respects to all requirements of law, shall be made of all dealings and transactions in relation to its business and activities. At the expense of the Loan PartiesBorrower, each Loan Party the Borrower will, and will cause each of its Restricted Subsidiaries to, permit officers and designated representatives of the Administrative Agent and, if accompanied by the Administrative Agent, the Lenders, to visit and inspect, under guidance of officers of such Loan Party Borrower or its Restricted Subsidiary, any of the properties of such Loan Party the Borrower or its Restricted Subsidiaries, and and, subject to appropriate confidentiality limitations, to examine and make copies of the books of account of such Loan Party the Borrower or its Restricted Subsidiaries and discuss the affairs, finances and accounts of such Loan Party the Borrower or its Restricted Subsidiaries with, and be advised as to the same by, its and its officers and independent accountants, all upon reasonable prior notice and at such reasonable times and intervals (during regular working hours) and to such reasonable extent as the Administrative Agent or a any Lender may reasonably request; provided, however, (i) any such visit and visit, inspection and examinations and verifications (i) shall not materially interfere with the conduct of the business of such Loan Party the Borrower and (ii) that unless an Event of Default or an Unmatured Event of Default shall have occurred and then be continuing at the time of such inspectionvisit, inspection and examinations and verifications, the Loan Parties Borrower shall be required to reimburse the Administrative Agent, any Lender Agent and their respective its officers and designated representatives for reasonable and documented costs and expenses incurred in connection with such inspections only one such inspection for all such parties combined once during any twelve (12) month period. 10.6

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Triton International LTD)

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Books, Records and Inspection Rights. (a) Each Loan Party Borrower will, and will cause each of its Restricted Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries which permit the preparation of financial statements in accordance with GAAP and which conform in all material respects to all requirements of law, shall be made of all dealings and transactions in relation to its business and activities. At the expense of the Loan Partiesapplicable Borrower, each Loan Party Borrower will, and will cause each of its Restricted Subsidiaries to, permit officers and designated representatives of the Administrative Agent and, if accompanied by and the Administrative Agent, the Lenders, Lenders to visit and inspect, under guidance of officers of such Loan Party Borrower or its Restricted Subsidiary, any of the properties of such Loan Party Borrower or its Restricted Subsidiaries, and subject to appropriate confidentiality limitations, to examine and make copies of the books of account of such Loan Party Borrower or its Restricted Subsidiaries and discuss the affairs, finances and accounts of such Loan Party Borrower or its Restricted Subsidiaries with, and be advised as to the same by, its and its officers and independent accountants, all upon reasonable prior notice and at such reasonable times and intervals (during regular working hours) and to such reasonable extent as the Administrative Agent or a Lender may reasonably request; provided, however, (i) any such visit and inspection and examinations and verifications shall not materially interfere with the conduct of the business of such Loan Party Borrower and (ii) that unless an a TCIL Event of Default or an Unmatured TCIL Event of Default or a TALICC Event of Default or an Unmatured TALICC Event of Default shall have occurred and then be continuing at the time of such inspection, and examinations and verifications, the Loan Parties applicable Borrower shall be required to reimburse the Administrative Agent, any Lender the Lenders, and their respective officers and designated representatives for reasonable and documented costs and expenses incurred in connection with such inspections only one such inspection for all such parties combined once during any twelve (12) month period. 10.6.

Appears in 1 contract

Samples: Credit Agreement (Triton International LTD)

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