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 the Company's properties and the Collateral, (b) inspect, audit and copy and make extracts from the Company's Books and Records, including management letters prepared by independent accountants, and (c) discuss with the Company's principal officers, and independent accountants, the Company's business, assets, liabilities, financial condition, results of operations and business prospects. The Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for 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 review the same.

Appears in 2 contracts

Samples: Security Agreement (Netguru Inc), Security Agreement (Spacedev 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 the Company's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from the Company's Books and Records, including management letters prepared by independent accountants, and (c) discuss with the Company's principal officers, and independent accountants, the Company's business, assets, liabilities, financial condition, results of operations and business prospects. The Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for 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 review the same.

Appears in 2 contracts

Samples: Security Agreement (Home Solutions of America Inc), Security Agreement (Global Payment 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 the Company's ’s properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from the Company's ’s Books and Records, including management letters prepared by independent accountants, and (c) discuss with the Company's ’s principal officers, and independent accountants, the Company's ’s business, assets, liabilities, financial condition, results of operations and business prospects. The Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for 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 review the same.

Appears in 2 contracts

Samples: Security Agreement (Micro Component Technology Inc), Security Agreement (Electric City 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 the Company's properties and the Collateral, (b) inspect, audit and copy (or take originals if reasonably necessary) and make extracts from the Company's Books and Records, including management letters prepared by independent accountants, and (c) discuss with the Company's principal officers, and independent accountants, the Company's business, assets, liabilities, financial condition, results of operations and business prospects. The Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for 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 review the same.

Appears in 1 contract

Samples: Security Agreement (Ventures National 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 the Company's properties and the Collateral, (b) inspect, audit and copy and make extracts from the Company's Books and Records, including management letters prepared by independent accountants, and (c) discuss with the Company's principal officers, and independent accountants, the Company's business, assets, liabilities, financial condition, results of operations and business prospects. The Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for 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 review the same.

Appears in 1 contract

Samples: Security Agreement (Transgenomic Inc)

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Inspections and Appraisals. At all times during normal business hours, upon reasonable advance 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 the Company's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from the Company's Books and Records, including management letters prepared by independent accountants, and (c) discuss with the Company's principal officers, and independent accountants, the Company's business, assets, liabilities, financial condition, results of operations and business prospects. The Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for 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 review the same.

Appears in 1 contract

Samples: Security Agreement (Gvi Security Solutions Inc)

Inspections and Appraisals. At all times during normal business hours, upon reasonable advance 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 the Company's ’s properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from the Company's ’s Books and Records, including management letters prepared by independent accountants, and (c) discuss with the Company's ’s principal officers, and independent accountants, the Company's ’s business, assets, liabilities, financial condition, results of operations and business prospects. The Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for 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 review the same.

Appears in 1 contract

Samples: And Restated Security Agreement (Gvi Security Solutions 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 the Company's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from the Company's Books and Records, including management letters prepared by independent accountantsaccountants in respect to the Collateral, and (c) discuss with the Company's principal officers, and independent accountants, the Company's business, assets, liabilities, financial condition, results of operations and business prospects. The Company will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for 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 review the same.

Appears in 1 contract

Samples: Security Agreement (DSL Net Inc)

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