Common use of Inspections and Appraisals Clause in Contracts

Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s Books and Records, including management letters prepared by the Accountants, and (c) discuss with each Company’s directors, principal officers, and independent accountants, each Company’s business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.

Appears in 14 contracts

Samples: Security and Purchase Agreement (Micro Component Technology Inc), Security Agreement (Iwt Tesoro Corp), Security and Purchase Agreement (Naturade Inc)

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Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s 's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s 's Books and Records, including management letters prepared by the Accountants, and (c) discuss with each Company’s 's directors, principal officers, and independent accountants, each Company’s 's business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.

Appears in 10 contracts

Samples: Subordination Agreement (Deja Foods Inc), Security Agreement (Thinkpath Inc), Security Agreement (Netfabric Holdings, Inc)

Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right upon reasonable notice to the Company to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s 's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s 's Books and Records, including management letters prepared by the Accountantsindependent accountants, and (c) discuss with each Company’s directors, 's principal officers, and independent accountants, each Company’s 's business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.

Appears in 3 contracts

Samples: Security Agreement (Digital Angel Corp), Security Agreement (Digital Angel Corp), Security Agreement (Digital Angel Corp)

Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each the Company’s 's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each the Company’s 's Books and Records, including management letters prepared by the Accountantsindependent accountants, and (c) discuss with each the Company’s directors, 's principal officers, and independent accountants, each the Company’s 's business, assets, liabilities, financial condition, results of operations and business prospects. Each The Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such the Company. If any internally prepared financial information, including that required under this Section paragraph is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.

Appears in 3 contracts

Samples: Purchase and Security Agreement (Cardiogenesis Corp /Ca), Purchase and Security Agreement (Data Systems & Software Inc), Purchase and Security Agreement (Path 1 Network Technologies Inc)

Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each the Company’s 's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each the Company’s 's Books and Records, including management letters prepared by the Accountants, and (c) discuss with each the Company’s 's directors, principal officers, and independent accountants, each the Company’s 's business, assets, liabilities, financial condition, results of operations and business prospects. Each The Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such the Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants selected by Laurus review the same. .

Appears in 2 contracts

Samples: Security and Purchase Agreement (On the Go Healthcare Inc), Security and Purchase Agreement (On the Go Healthcare Inc)

Inspections and Appraisals. At all times during normal business hours, LaurusLender, and/or any agent of Laurus Lender shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s Books and Records, including management letters prepared by the Accountants, and (c) discuss with each Company’s directors, principal officers, and independent accountants, each Company’s business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus Lender any instrument necessary for Laurus Lender to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to LaurusLender, Laurus Lender may request that the Accountants review the same.

Appears in 2 contracts

Samples: Security Agreement (Digital Angel Corp), Security Agreement (Applied Digital Solutions Inc)

Inspections and Appraisals. At all times during During normal business hourshours and with reasonable notice, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s 's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s 's Books and Records, including management letters prepared by the Accountants, and (c) discuss with each Company’s 's directors, principal officers, and independent accountants, each Company’s 's business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.

Appears in 1 contract

Samples: Security Agreement (Gse Systems Inc)

Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s Books and Records, including management letters prepared by the Accountants, and (c) discuss with each Company’s directorsBoard members, principal officers, and independent accountants, each Company’s business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.

Appears in 1 contract

Samples: Security Agreement (Elandia International Inc.)

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Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s Books and Records, including management letters prepared by the Accountants, and (c) discuss with each Company’s directors, principal officers, and independent accountants, each Company’s business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to LaurusLaurus as determined by Laurus in the exercise of its reasonable discretion, Laurus may request that the Accountants review the same.

Appears in 1 contract

Samples: Security Agreement (Stonepath Group Inc)

Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right upon reasonable notice to the Company to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s Books and Records, including management letters prepared by the Accountantsindependent accountants, and (c) discuss with each Company’s directors, principal officers, and independent accountants, each Company’s business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.

Appears in 1 contract

Samples: Security Agreement (Digital Angel Corp)

Inspections and Appraisals. At all times during normal business hours, --------------------------- Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s 's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s 's Books and Records, including management letters prepared by the Accountants, and (c) discuss with each Company’s 's directors, principal officers, and independent accountants, each Company’s 's business, assets, liabilities, financial condition, results of operations and business prospects. Each Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.

Appears in 1 contract

Samples: Security Agreement (Trinity Learning Corp)

Inspections and Appraisals. At all times during normal business hours, Laurus, and/or any agent of Laurus shall have the right to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each Company’s the Companies' properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from each Company’s the Companies' Books and Records, including management letters prepared by the Accountantsindependent accountants, and (c) discuss with each the Company’s directors, 's principal officers, and independent accountants, each Company’s the Companies' business, assets, liabilities, financial condition, results of operations and business prospects. Each Company The Companies will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for such Companythe Companies. If any internally prepared financial information, including that required under this Section paragraph is unsatisfactory in any manner to Laurus, Laurus may request that the Accountants review the same.

Appears in 1 contract

Samples: Purchase and Security Agreement (Jmar Technologies Inc)

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