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 of Company's and each Eligible Subsidiary's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from Company's and each Eligible Subsidiary's Books and Records, including management letters prepared by independent accountants, and (c) discuss with Company's and each Eligible Subsidiary's principal officers, and independent accountants, Company's and each Eligible Subsidiary's business, assets, liabilities, financial condition, results of operations and business prospects. Each of Company and each Eligible Subsidiary will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for Company and such Eligible Subsidiary. 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 4 contracts

Samples: Security Agreement (Greenman Technologies Inc), Security Agreement (Catalyst Lighting Group Inc), Security Agreement (Bp 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 of Company's ’s and each Eligible Subsidiary's ’s properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from Company's ’s and each Eligible Subsidiary's ’s Books and Records, including management letters prepared by independent accountants, and (c) discuss with Company's ’s and each Eligible Subsidiary's ’s principal officers, and independent accountants, Company's ’s and each Eligible Subsidiary's ’s business, assets, liabilities, financial condition, results of operations and business prospects. Each of Company and each Eligible Subsidiary will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for Company and such Eligible Subsidiary. 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 (Conversion Services International Inc), Security Agreement (Comc Inc), Security and Purchase Agreement (Maxim Mortgage Corp/)

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Inspections and Appraisals. At all times during During normal business hours, Laurus, and/or any agent of Laurus shall have the right upon reasonable advance written or email notice to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of each of Company's and each Eligible Subsidiary's properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from Company's and each Eligible Subsidiary's Books and Records, including management letters prepared by independent accountants, and (c) discuss with Company's and each Eligible Subsidiary's principal officers, and independent accountants, Company's and each Eligible Subsidiary's business, assets, liabilities, financial condition, results of operations and business prospects. Each of Company and each Eligible Subsidiary will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for Company and such Eligible Subsidiary. 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 (Creative Vistas Inc), Security Agreement (Creative Vistas Inc)

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