Inspections and Examinations Clause Samples
The 'Inspections and Examinations' clause grants one party the right to review, inspect, or examine certain materials, premises, or records relevant to the agreement. Typically, this clause outlines the scope, timing, and procedures for conducting such inspections, and may specify advance notice requirements or limitations to protect confidentiality or business operations. Its core function is to provide transparency and oversight, enabling the inspecting party to verify compliance, assess quality, or ensure that contractual obligations are being met.
Inspections and Examinations. (a) The Servicer will permit or cause to be permitted, as applicable, any authorized representatives designated by the Purchaser Agent (which such authorized representatives may be unaffiliated third parties) to visit and inspect any of the properties of the Servicer at any time, and from time to time upon reasonable advance notice and during normal working hours, to inspect, copy and take extracts from its books, records, financial statements, credit and collection policies, legal and regulatory compliance, operating and reporting procedures and information systems and to discuss its affairs, finances and accounts with any employees of the Servicer. Servicer agrees to pay the Purchaser Agent’s reasonable, customary and documented out-of-pocket expenses for any such field examination and audit and the preparation of reports thereof performed or prepared only once in any calendar year in an aggregate amount not to exceed thirty five thousand Dollars ($35,000) in any calendar year.
(b) Servicer shall hold and maintain all electronic documents evidencing or pertaining to the Purchased Receivables representing the same in trust for the exclusive benefit of the Purchaser Agent (on behalf of the Purchasers) during the term of this Agreement.
Inspections and Examinations. (1) The warehouse operator must:
(a) permit CCC to examine any or all warehouse facilities, records, or inventory without prior notice at any time,
Inspections and Examinations. (1) The warehouse operator must:
(a) Permit CCC to examine any or all warehouse facilities, records, or inventory without prior notice at any time,
(b) Upon request, provide any assistance necessary to perform the examination,
(c) Notify CCC in writing if any special requirements or equipment are needed to perform an examination, and
(d) Take reasonable steps to reduce or remove risks or hazards that could affect an examination. The examination will be stopped and the warehouse removed from the Approved List if the warehouse or its equipment (e.g. ladders, catwalks, lifts or elevators) is not safe to conduct or continue the examination of the warehouse.
(2) Examinations and inspections will not relieve the warehouse operator of any responsibilities or requirements under the terms of this Agreement or under any law or regulation applicable to the warehouse operator.
(3) Warehouse examinations under this Agreement are only intended for the use of CCC and are not for the protection of any other party, including the warehouse operator.
(4) CCC does not guarantee the results of its examinations to the warehouse operator or any other party. However, for the purposes of this Agreement, the findings of these examinations will be accepted by CCC.
Inspections and Examinations. Buyer and Seller covenant and agree as follows:
Inspections and Examinations. During the Examination Period Buyer shall be entitled to make and conduct such inspections, appraisals, physical evaluations, environmental assessments, surveys, and other examinations of the Walker Property, the Additional Property, and the Foundation ▇▇▇ ▇s Buyer may elect in its discretion to make and as may be permitted under the Additional Property Contracts and the Foundation Lot Contract. Walker agrees, subject only to reasonable prior notice, to ▇▇▇▇▇▇ Buyer and Buyer's representatives and agents access to the Walker Property for the purpose of making and conducting su▇▇ ▇▇▇pections, appraisals, physical evaluations, environmental assessments, surveys and examinations. All of such inspections, appraisals, physical evaluations, environmental assessments, surveys and other examinations: (i) shall be made at Buyer's sole cost, risk and expense; (ii) shall be made without damage or physical injury to the Walker Property or the Additional Property; and (iii) shall ▇▇ ▇▇▇e following reasonable prior notice to Walker as to the Walker Property. Walker reserves the righ▇ ▇▇ ▇ccompany Bu▇▇▇ ▇▇d Buyer's rep▇▇▇▇▇▇atives during any entry upon the Walker Property by Buyer or Buyer's representatives pursuan▇ ▇▇ ▇his Paragraph 6. Buyer shall repair and restore any damage to the Walker Property or the Additional Property resulting from a▇▇ ▇▇▇ry upon the Walker Property or the Additional Property made by Buyer or ▇▇▇▇▇'s representatives and agents and Buyer shall indemnify and holder Walker harmless from and against any and all claims made aga▇▇▇▇ ▇alker or losses or damages incurred by Walker as a result ▇▇ ▇▇ arising out of any entries upon th▇ ▇▇▇▇er Property or the Additional Property made by Buyer or ▇▇▇▇▇'s representatives and agents.
Inspections and Examinations