Maintenance of Books and Records; Inspection. Each Grantor shall maintain its books, accounts and records in accordance with GAAP, and permit the Secured Party, its officers and employees and any professionals designated by the Secured Party in writing, at any time during normal business hours and upon reasonable notice to visit and inspect any of its properties, corporate books and financial records, and to discuss its accounts, affairs and finances with any employee, officer or director thereof (it being agreed that, unless an Event of Default shall have occurred and be continuing, there shall be no more than two (2) such visits and inspections in any fiscal year).
Appears in 7 contracts
Samples: Security Agreement (Galaxy Next Generation, Inc.), Security Agreement (Seedo Corp.), Security Agreement (Kona Gold Beverage, Inc.)
Maintenance of Books and Records; Inspection. Each Grantor shall maintain its books, accounts and records in accordance with GAAP, and permit the Secured Party, its officers and employees and any professionals designated by the Secured Party in writing, at any time upon reasonable advance notice, during normal business hours and upon reasonable notice to visit and inspect any of its properties, corporate books and financial records, and to discuss its accounts, affairs and finances with any employee, officer or director thereof (it being agreed that, unless an Event of Default shall have occurred and be continuing, there shall be no more than two (2) such visits and inspections in any fiscal year).
Appears in 2 contracts
Samples: Security Agreement (Kraig Biocraft Laboratories, Inc), Security Agreement (Kraig Biocraft Laboratories, Inc)
