Common use of Inspection and Reporting Clause in Contracts

Inspection and Reporting. Each Grantor shall permit in accordance with Section 4(i) of the Note Purchase Agreement, the Collateral Agent, or any agent or representatives thereof or such professionals or other Persons as the Collateral Agent may designate, during normal business hours, after reasonable prior notice, in the absence of an Event of Default and not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from any 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 any Grantor from time to time, (iii) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of any Grantor. Each Grantor shall also permit, in accordance with Section 4(i) of the Note Purchase Agreement, the Collateral Agent, or any agent or representatives thereof or such professionals or other Persons as the Collateral Agent may designate to discuss such Grantor's affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other representatives.

Appears in 2 contracts

Samples: Security Agreement (Alpha Energy Inc), Security Agreement (Alpha Energy Inc)

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Inspection and Reporting. Each Grantor shall permit in accordance with Section 4(i) of the Note Purchase Agreement, the Collateral Agent, or any agent or representatives thereof or such attorneys, accountant or other professionals or other Persons as the Collateral Agent may designate, during normal business hours, after reasonable prior noticedesignate (at Grantors’ sole cost and expense), in each case (except during the absence of an Event of Default and not more than once a year in the absence continuation of an Event of Default) during normal business hours on reasonable notice to such Grantor and in a manner that will not unreasonably burden the business operations of any Grantor, (i) to examine and make copies of and abstracts from any Grantor's records ’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 any Grantor from time to time, and (iiiiv) to conduct audits, physical counts, appraisals appraisals, valuations and/or valuations, examinations at the locations of any Grantor. Each Grantor shall also permit, in accordance with Section 4(i) of the Note Purchase Agreement, permit the Collateral Agent, or any agent or representatives thereof or such attorneys, accountants or other professionals or other Persons as the Collateral Agent may designate to discuss such Grantor's ’s affairs, finances and accounts with any of its directors, officers, managerial employeesattorneys, or independent accountants or any of its other representativesaccountants.

Appears in 2 contracts

Samples: Security and Pledge Agreement (ARYA Sciences Acquisition Corp IV), Security and Pledge Agreement (ARYA Sciences Acquisition Corp IV)

Inspection and Reporting. Each Grantor shall permit in accordance with subject to Section 4(i) of the Note Purchase Agreement, the Collateral Agent, or any agent or representatives thereof or such professionals or other Persons as the Collateral Agent may designate, during normal business hours, after reasonable prior notice, in the absence of an Event of Default and not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from any 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 any Grantor from time to time, and (iiiiv) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of any Grantor. Each Grantor shall also permit, in accordance with subject to Section 4(i) of the Note Purchase Agreement, the Collateral Agent, or any agent or representatives thereof or such professionals or other Persons as the Collateral Agent may designate to discuss such Grantor's affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other representatives.

Appears in 1 contract

Samples: Security Agreement (Broadcast International Inc)

Inspection and Reporting. Each Grantor shall permit in accordance with Section 4(i) of the Note Securities Purchase Agreement, the Collateral Agent, or any agent or representatives thereof or such professionals or other Persons as the Collateral Agent may designate, during normal business hours, after reasonable prior notice, in the absence of an Event of Default and not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from any 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 any Grantor from time to time, (iii) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of any Grantor. Each Grantor shall also permit, in accordance with Section 4(i) of the Note Securities Purchase Agreement, the Collateral Agent, or any agent or representatives thereof or such professionals or other Persons as the Collateral Agent may designate to discuss such Grantor's affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other representatives.

Appears in 1 contract

Samples: Security Agreement (RxElite, Inc.)

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Inspection and Reporting. Each Grantor shall permit in accordance with subject to Section [4(i) )] of the Note Purchase Agreement, the Collateral Agent, or any agent or representatives thereof or such professionals or other Persons as the Collateral Agent may designate, during normal business hours, after reasonable prior notice, in the absence of an Event of Default and not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from any 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 any Grantor from time to time, (iii) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of any Grantor. Each Grantor shall also permit, in accordance with subject to Section [4(i) )] of the Note Purchase Agreement, the Collateral Agent, or any agent or representatives thereof or such professionals or other Persons as the Collateral Agent may designate to discuss such Grantor's affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other representatives.

Appears in 1 contract

Samples: Security Agreement (China VoIP & Digital Telecom Inc.)

Inspection and Reporting. Each The Grantor shall permit permit, in accordance with Section 4(i) of the Note Purchase Agreement, the Collateral Agent, or any designee, agent or representatives thereof or such professionals or other Persons as the Collateral Agent or Required Holders may designate, during normal business hours, after reasonable prior notice, in the absence of an Event of Default and not more than once a year in the absence of an Event of Default, (i) to examine and make copies of and abstracts from any the Grantor's ’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 any the Grantor from time to time, (iii) to conduct audits, physical counts, appraisals and/or valuations, examinations at the locations of any Grantor. Each Grantor shall also permit, in accordance with Section 4(i) of the Note Purchase Agreement, the Collateral Agent, or any designee, agent or representatives thereof or such professionals or other Persons as the Collateral Agent or Required Holders may designate to discuss such the Grantor's ’s affairs, finances and accounts with any of its directors, officers, managerial employees, independent accountants or any of its other representatives.

Appears in 1 contract

Samples: Security Agreement (Us Dataworks Inc)

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