Common use of Inspection and Reporting Clause in Contracts

Inspection and Reporting. Borrower shall permit the Lender, or any agent or representatives thereof or such professionals or other Persons as the Lender may designate (i) to examine and make copies of and abstracts from Borrower’s records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of Borrower from time to time, and (iv) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of Borrower. Borrower shall also permit the Lender, or any agent or representatives thereof or such attorneys, accountants or other professionals or other Persons as the Lender may designate to discuss Borrower’s affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other representatives. Without limiting the foregoing, the Lender may, at any time, in the Lender’s own name, in the name of a nominee of the Lender, or in the name of Borrower communicate (by mail, telephone, facsimile or otherwise) with the Account Debtors of Borrower, parties to contracts with Borrower and/or obligors in respect of Instruments of Borrower to verify with such Persons, to the Lender’s satisfaction, the existence, amount, terms of, and any other matter relating to, Accounts, Instruments, Chattel Paper, payment intangibles and/or other receivables.

Inspection and Reporting. Borrower Each Grantor shall permit the LenderCollateral Agent, or any agent or representatives thereof or such professionals or other Persons as the Lender Collateral Agent may designate (at Grantors’ sole cost and expense) (i) to examine and make copies of and abstracts from Borrowerany Grantor’s records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of Borrower any Grantor from time to time, and (iv) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of Borrowerany Grantor. Borrower Each Grantor shall also permit the LenderCollateral Agent, or any agent or representatives thereof or such attorneys, accountants or other professionals or other Persons as the Lender Collateral Agent may designate to discuss Borrowersuch Grantor’s affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other representatives. Without limiting the foregoing, the Lender Collateral Agent may, at any time, in the LenderCollateral Agent’s own name, in the name of a nominee of the LenderCollateral Agent, or in the name of Borrower any Grantor communicate (by mail, telephone, facsimile or otherwise) with the Account Debtors of Borrowersuch Grantor, parties to contracts with Borrower such Grantor and/or obligors in respect of Instruments of Borrower such Grantor to verify with such Persons, to the LenderCollateral Agent’s satisfaction, the existence, amount, terms of, and any other matter relating to, Accounts, Instruments, Chattel Paper, payment intangibles and/or other receivables.

Inspection and Reporting. Borrower Debtor shall permit the Lender, or any agent or representatives thereof or such professionals or other Persons as the Lender may designate (i) to examine and make copies of and abstracts from BorrowerDebtor’s records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of Borrower Debtor from time to time, and (iv) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of BorrowerDebtor. Borrower Debtor shall also permit the Lender, or any agent or representatives thereof or such attorneys, accountants or other professionals or other Persons as the Lender may designate to discuss BorrowerXxxxxx’s affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other representatives. Without limiting the foregoing, the Lender may, at any time, in the LenderXxxxxx’s own name, in the name of a nominee of the Lender, or in the name of Borrower Debtor communicate (by mail, telephone, facsimile or otherwise) with the Account Debtors of BorrowerDebtor, parties to contracts with Borrower Debtor and/or obligors in respect of Instruments of Borrower Debtor to verify with such Persons, to the LenderXxxxxx’s satisfaction, the existence, amount, terms of, and any other matter relating to, Accounts, Instruments, Chattel Paper, payment intangibles and/or other receivables.

Inspection and Reporting. Borrower Debtor shall permit the Lender, or any agent or representatives thereof or such professionals or other Persons as the Lender may designate (i) to examine and make copies of and abstracts from BorrowerDebtor’s records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of Borrower Debtor from time to time, and (iv) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of BorrowerDebtor. Borrower Debtor shall also permit the Lender, or any agent or representatives thereof or such attorneys, accountants or other professionals or other Persons as the Lender may designate to discuss BorrowerDebtor’s affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other representatives. Without limiting the foregoing, the Lender may, at any time, in the Lender’s own name, in the name of a nominee of the Lender, or in the name of Borrower Debtor communicate (by mail, telephone, facsimile or otherwise) with the Account Debtors of BorrowerDebtor, parties to contracts with Borrower Debtor and/or obligors in respect of Instruments of Borrower Debtor to verify with such Persons, to the Lender’s satisfaction, the existence, amount, terms of, and any other matter relating to, Accounts, Instruments, Chattel Paper, payment intangibles and/or other receivables.