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 at the Company's expense and accompanied by a representative of the Company to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of the Company's and the Eligible Subsidiaries' properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from the Company's and the Eligible Subsidiaries' Books and Records, including management letters prepared by the Accountants, and (c) discuss with the Company's and the Eligible Subsidiaries' directors, principal officers, and independent accountants, the Company's business, assets, liabilities, financial condition, results of operations and business prospects. The Company and the Eligible Subsidiaries will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for the Company and the Eligible Subsidiaries. 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.

Inspections and Appraisals. At all times during normal business hours, LaurusCalliope (or any successor of Calliope), and/or any agent of Laurus Calliope (or any successor of Calliope) shall have the right at the Company's expense and accompanied by a representative of the Company to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of the each Company's and the Eligible each of its Subsidiaries' properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from the each Company's and the Eligible Subsidiaries' and/or each such Subsidiary's properties, including, without limitation, Books and Records, including management letters prepared by the Accountants, and (c) discuss with the each Company's and the Eligible Subsidiaries' and/or such Subsidiary's properties, directors, principal officers, and independent accountants, the each Company's business, assets, liabilities, financial condition, results of operations and business prospects. The Each Company and the Eligible Subsidiaries will deliver to Laurus Calliope any instrument necessary for Laurus Calliope to obtain records from any service bureau maintaining records for the Company and the Eligible Subsidiariessuch Company. If any internally prepared financial information, including that required under this Section is unsatisfactory in any manner to Laurus, Laurus Calliope; Calliope may request that the Accountants review the same. Notwithstanding the foregoing, no Company nor any of its Subsidiaries shall provide any material, non-public information to Calliope unless Calliope signs a confidentiality agreement and otherwise complied with Regulation FD under the federal securities laws.

Inspections and Appraisals. At all times during normal business hours, and upon reasonable notice (provided that no such prior notice shall be required to be given in the event Laurus believes such access is necessary to preserve or protect the Collateral or following the occurrence and during the continuance of an Event of Default) Laurus, and/or any agent of Laurus shall have the right at the Company's expense and accompanied by a representative of the Company to (a) have access to, visit, inspect, review, evaluate and make physical verification and appraisals of the each Company's and the Eligible Subsidiaries' properties and the Collateral, (b) inspect, audit and copy (or take originals if necessary) and make extracts from the each Company's and the Eligible Subsidiaries' Books and Records, including management letters prepared by the Accountants, and (c) discuss with the each Company's and the Eligible Subsidiaries' directors, principal officers, and independent accountants, the each Company's business, assets, liabilities, financial condition, results of operations and business prospects. The Each Company and the Eligible Subsidiaries will deliver to Laurus any instrument necessary for Laurus to obtain records from any service bureau maintaining records for the Company and the Eligible Subsidiariessuch 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.