Common use of Inspection and Observation Clause in Contracts

Inspection and Observation. (a) Acusphere shall permit each Significant Investor (as defined in Section 3.2(b) hereof), at such Significant Investor's expense, to visit and inspect Acusphere's properties, to examine its books of account and records and to discuss Acusphere's affairs, finances and accounts with its officers, all at such reasonable times as may be requested by such Significant Investor; provided, however, that Acusphere shall not be obligated pursuant to this Section 3.2 to provide access to any information which its Board of Directors reasonably considers to be a trade secret or similar confidential information.