Inspections and class records. (a) The Obligors shall permit, and shall procure that any charterers and/or managers permit, one person appointed by the Agent to inspect each of the Rigs once a year for the account of the Borrower upon the Agent giving prior written notice.
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Samples: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement (Seadrill Partners LLC)
Inspections and class records. (a) The Obligors shall permit, and shall procure that any charterers and/or managers permit, one person appointed by the Agent to inspect upon the Agent giving prior written notice each of the Rigs once a year year, as long as such inspection does not interfere with the operation of the Rigs. Such inspection shall be for the account of the Borrower upon Lenders unless an Event of Default has occurred and is continuing, in which case it shall be for the Agent giving prior written noticeaccount of the Borrowers.
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Samples: www.lw.com, Seadrill Partners LLC
Inspections and class records. (a) The Obligors shall permit, and shall procure that any charterers and/or managers permit, one person appointed by the Agent to inspect upon the Agent giving prior written notice each of the Rigs once a year year, as long as such inspection does not interfere with the operation of the Rigs. Such inspection shall be for the account of the Borrower upon Lenders unless an Event of Default has occurred and is continuing, in which case it shall be for the Agent giving prior written noticeaccount of the relevant Borrower.
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