Information and Inspection Rights. The Company shall permit, and shall cause each of its Subsidiaries to permit, the Purchaser, its representatives or any independent auditor or legal counsel appointed by the Purchaser, during normal business hours following reasonable notice by the Purchaser to the Company, to (i) visit and inspect any of the properties of the Company or any of its Subsidiaries, (ii) examine the books of account and records of the Company or any of its Subsidiaries, and (iii) discuss the affairs, finances and accounts of the Company or any of its Subsidiaries with the directors, officers, and management employees of the Company or any of its Subsidiaries.
Information and Inspection Rights. In the case of (x) Sections 7.1(a), 7.1(b) and 7.1(c), for so long as the Investor either (i) meets the 5% Threshold or (ii) both meets the 2.5% Threshold and is an Offtaker, (y) in the case of Section 7.1(d), for so long as the Investor must account for under the equity method under U.S. GAAP, and (z) and in the case of Section 7.1(e), for so long as the Investor or any of its Affiliates is a shareholder of the Corporation, the Corporation shall provide the Investor, its designees and its Representatives with reasonable access upon reasonable notice during normal business hours, to:
Information and Inspection Rights. The rights of the Investors under Section 1.1 or 1.2 hereof may be assigned only to a party who acquires from the Investors (or the Investors’ permitted assigns) at least that number of shares of Preferred Stock and/or an equivalent number (on an as-converted basis) of shares of Conversion Stock described in Section 1.1 or 1.2 hereof, respectively.
Information and Inspection Rights. (a) The Company covenants and agrees that, commencing on the date of this Agreement and ending upon the completion of a Qualified IPO, each Investor shall have the right to inspect the facilities, records and books of the Group Companies during normal business hours, which shall include the right, without limitation, to discuss the business, operations and financial condition of the Group Companies with their respective directors, officers, employees, accountants, legal counsel or investment bankers.
Information and Inspection Rights. The Company shall furnish to each Stockholder that, together with its Affiliates, owns at least 5% of the outstanding Common Shares such information regarding the business, affairs, prospects and financial condition of the Company and its Subsidiaries as such Stockholder may reasonably request and shall permit such Stockholder or any of its designated representatives to examine the books and records of the Company and its Subsidiaries (and to make copies thereof and extracts therefrom), and to inspect their respective facilities.
Information and Inspection Rights. The Company covenants and agrees that, commencing on the date of this Agreement, for so long as the Investor holds at least 500,000 shares of Series A Preferred Stock issued under the Purchase Agreement (including, for purposes of this Section 1.1, shares of the Company’s common stock, $.001 par value (the “Common Stock”) issuable upon conversion of Series A Preferred Stock), the Company will deliver to the Investor: (a) audited annual financial statements within 120 days after the end of each fiscal year; (b) unaudited quarterly financial statements within 45 days of the end of each fiscal quarter; (c) an annual budget for the following fiscal year within 30 days prior to the end of each fiscal year; and (d) upon the written request by the Investor, such other information as the Investor shall reasonably request. The Company further covenants and agrees that, commencing on the date of this Agreement, for so long as the Investor holds at least 500,000 shares of Series A Preferred Stock issued under the Purchase Agreement, the Company shall permit the Investor and such agents as it may designate, at the Investor’s expense, to visit and inspect any of the properties of the Company and its subsidiaries (if any), examine their books and take copies and extracts therefrom, discuss the affairs, finances and accounts of the Company and its subsidiaries with their officers, employees and public accountants (and the Company hereby authorizes said accountants to discuss with the Investor and such designees such affairs, finances and accounts), and consult with and advise the management of the Company and its subsidiaries as to their affairs, finances and accounts, all at reasonable times and upon reasonable notice. Any information furnished to the Investor by the Company in connection with the foregoing shall be subject to the provisions of Section 5 hereof. These information and inspection rights shall terminate upon the closing of a firm commitment underwritten public offering of shares of Common Stock in which the aggregate net proceeds from such offering to the Company shall be at least $80,000,000 (a “Qualified Public Offering”).
Information and Inspection Rights. The Company shall deliver to each Purchaser that owns at least ___ shares(7) of Class B Stock on a Fully-Diluted Basis (each such Purchaser, an "Inspecting Purchaser") (i) annual audited consolidated balance sheets and the related statements of income and cash flows (or the equivalent) within 60 days after the end of each fiscal year; (ii) unaudited quarterly -------- (7) Number to represent 25% of shares of Class B Stock and Exchangeable Shares issued to each Purchaser in the merger (e.g., 9.375 of 37.5 shares). consolidated balance sheets, related statements of income and cash flows and any other statements routinely prepared and delivered to the Board (the "Unaudited Financials") within 30 days of the end of each fiscal quarter; (iii) monthly Unaudited Financials within 30 days of the end of each month; and (iv) the Annual Operating Budget within 60 days prior to the end of each fiscal year. Each Inspecting Purchaser and its respective agents shall be entitled, during normal business hours, to inspect all of the facilities, properties, books, records, contracts and commitments of the Company and its Subsidiaries and the Company shall make its officers available to the Purchasers and their respective agents, as such may reasonably request from time to time. In addition, the Company shall deliver to each Purchaser copies of the Company's Forms 10-K, 10-Q, 8-K (as filed with the SEC), annual reports to shareholders of the Company and any other schedules, registrations or other statements, forms or reports promptly after such documents are filed with the SEC. The Company shall file all reports required to be filed by it under the Securities Act and the Securities Exchange Act and the rules and regulations adopted by the SEC thereunder.
Information and Inspection Rights. The Company covenants and agrees that, commencing on the date of this Agreement, for so long as any Series A Shares, Series B Shares, Series C Shares, or Series C-1 Shares are outstanding, the Company shall deliver to each Series A Investor, Series B Investor, Series C Investor or Series C-1 Investor, as the case may be:
Information and Inspection Rights. The Company covenants and agrees with each Investor that, commencing on the date of this Agreement, for so long as an Investor does not dispose of (by way of sale) more than 30% of the voting, convertible, redeemable Series A preferred shares of the Company (the “Series A Shares”) held by it as at the date of this Agreement and the ordinary shares of the Company (the “Ordinary Shares”) issuable upon conversion of such Series A Shares, the Company shall deliver to that Investor:
Information and Inspection Rights. Upon reasonable request by the District and in all events upon termination of this Agreement, subject to Paragraph 2.9 above, the Charter School shall promptly provide information to the District and shall promptly give the District access to the Charter School’s facilities, assets, books and other records, as may be necessary for the District to audit the finances of the Charter School or otherwise to monitor compliance with this Agreement.
