Common use of Inspect Collateral Clause in Contracts

Inspect Collateral. Secured Party shall have the right, at any time or times during any Debtor’s usual business hours without material disruption to normal business activities, to inspect the Collateral and all related records (and the premises upon which it is located) and all financial records and to verify the amount and condition of the Collateral. After an Event of Default has occurred and is continuing, all costs, fees and expenses incurred by Secured Party, or for which Secured Party has become obligated, in connection with such inspection and/or verification shall be payable by the Debtors to Secured Party.

Appears in 3 contracts

Samples: Security Agreement (Malibu Boats, Inc.), Security Agreement (Malibu Boats, Inc.), Security Agreement (Malibu Boats, Inc.)

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Inspect Collateral. Secured Party (by any of its officers, employees and/or agents) shall have the right, at any time or times during any Debtor’s usual business hours without material disruption to normal business activitieshours, to inspect the Collateral and all related records (and the premises upon which it is located) and all financial records and to verify the amount and condition of the Collateral or any other matter whether or not relating to the Collateral. After an Event of Default has occurred and is continuingDefault, all costs, fees and expenses incurred by Secured Party, or for which Secured Party has become obligated, in connection with such inspection and/or verification shall be payable by the Debtors Debtor to Secured Party.;

Appears in 2 contracts

Samples: Security Agreement (Better Choice Co Inc.), Security Agreement (Better Choice Co Inc.)

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Inspect Collateral. Secured Party shall have the right, at any time or times during any Debtor’s usual business hours without material disruption to normal business activities, to inspect the Collateral and all related records (and the premises upon which it is located) and all financial records and to verify the amount and condition of the Collateral. After an Event of Default has occurred and is continuing, all reasonable costs, fees and expenses incurred by Secured Party, or for which Secured Party has become obligated, in connection with such inspection and/or verification shall be payable by the Debtors to Secured Party.

Appears in 2 contracts

Samples: Security Agreement (Malibu Boats, Inc.), Security Agreement (Malibu Boats, Inc.)

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