Common use of Inspection; Lender Meeting Clause in Contracts

Inspection; Lender Meeting. Each Credit Party shall permit any authorized representatives of Agent to visit, audit and inspect any of the properties of such Credit Party, including its financial and accounting records, and to make copies and take extracts therefrom, and to discuss its affairs, finances and business with its officers, at reasonable times during normal business hours, which visits, audits and inspections, unless an Event of Default has occurred and is continuing, shall be made upon reasonable prior notice to such Credit Party and which shall not be conducted more than twice during any twelve consecutive month period. Representatives of each Lender will be permitted to accompany representatives of Agent during each visit, inspection and discussion referred to in the immediately preceding sentence. Without in any way limiting the foregoing, each Credit Party will participate and will cause key management personnel of each Credit Party to participate in a meeting with Agent and Lenders at least once during each year, which meeting shall be held at such time and such place as may be reasonably requested by Agent and approved by the Borrower, which approval shall not be unreasonably withheld, conditioned or delayed by Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Playtex Products Inc), Credit Agreement (Playtex Products Inc)

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Inspection; Lender Meeting. Each Credit Party shall permit any authorized representatives of Agent to visit, audit and inspect any of the properties of such Credit PartyParty and its Subsidiaries, including its and their financial and accounting records, and to make copies and take extracts therefrom, and to discuss its and their affairs, finances and business with its officersand their officers and certified public accountants, at such reasonable times during normal business hours, which visits, audits hours and inspections, unless an as often as may be reasonably requested (but in no event more than once per Fiscal Quarter if no Default or Event of Default has occurred and is continuing, shall be made upon reasonable prior notice to such Credit Party and which shall not be conducted more than twice during any twelve consecutive month period). Representatives of each Lender will be permitted to accompany representatives of Agent during each visit, inspection and discussion referred to in the immediately preceding sentence. Without in any way limiting the foregoing, each Credit Party will participate and will cause key management personnel of each Credit Party and its Subsidiaries to participate in a meeting with Agent and Lenders at least once during each year, which meeting shall be held at such time and such place as may be reasonably requested by Agent, provided that Agent and approved by shall in good faith endeavor to select times that do not unreasonably interfere with the Borrower, which approval shall not be unreasonably withheld, conditioned or delayed by Borrowerconduct of business of the Credit Parties.

Appears in 2 contracts

Samples: Credit Agreement (Osullivan Industries Holdings Inc), Credit Agreement (Osullivan Industries Inc)

Inspection; Lender Meeting. Each So long as an Event of Default has occurred and is continuing, each Credit Party shall permit any authorized representatives of Agent to visit, audit and inspect any of the properties of such Credit PartyParty and its Subsidiaries, including its and their financial and accounting records, and to make copies and take extracts therefrom, and to discuss its and their affairs, finances and business with its officersand their officers and certified public accountants, at such reasonable times during normal business hours; provided, which visits, audits and inspections, unless an Event of Default has occurred and is continuing, shall be made upon reasonable prior notice to such Credit Party and which Agent shall not be conducted conduct more than twice during any twelve consecutive month periodone collateral audit per year. Representatives of each Lender will be permitted to accompany representatives of Agent during each visit, inspection and discussion referred to in the immediately preceding sentence. Without in any way limiting the foregoing, each Credit Party will participate and will cause key management personnel of each the Credit Party Parties to participate in a meeting with Agent and Lenders at least once during each year, which meeting shall be held at such time and such place as may be reasonably requested by Agent and approved reasonably agreed to by the Borrower, which approval shall not be unreasonably withheld, conditioned or delayed by BorrowerCredit Parties.

Appears in 2 contracts

Samples: Credit Agreement (Atlantis Plastics Inc), Credit Agreement (Atlantis Plastics Inc)

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Inspection; Lender Meeting. Each Credit Party Borrower shall permit any -------------------------- authorized representatives of Agent to visit, audit visit and inspect any of the properties of such Credit PartyBorrower or any of its Subsidiaries, including its and their financial and accounting records, and to make copies and take extracts therefrom, and to discuss its and their affairs, finances and business with its officersand their officers and certified public accountants, at such reasonable times during normal business hours, which visitsas often as may be reasonably requested and, audits and inspections, unless an provided no Default or Event of Default has occurred and is continuing, shall be made upon reasonable prior notice to such Credit Party and which shall not be conducted more than twice during any twelve consecutive month periodnotice. Representatives of each Lender will be permitted to accompany representatives of Agent during each visit, inspection and discussion referred to in the immediately preceding sentence. Without in any way limiting the foregoing, each Credit Party Borrower will participate and will cause its key management personnel of each Credit Party to participate in a meeting with Agent and Lenders at least once during each year, which meeting shall be held at such time and such place as may be reasonably requested by Agent and approved by the Borrower, which approval shall not be unreasonably withheld, conditioned or delayed by BorrowerAgent.

Appears in 1 contract

Samples: Credit Agreement (Opinion Research Corp)

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