Common use of Receivables Review Clause in Contracts

Receivables Review. At any time and from time to time during regular business hours, upon reasonable prior notice (unless a Purchase and Sale Termination Event or Unmatured Purchase and Sale Termination Event shall exist), (i) permit the Company and/or the Administrator, or their respective agents or representatives, (A) to examine, to audit and make copies of and abstracts from all books, records and documents (including, without limitation, computer tapes and disks) in the power, possession or under the control of such Originator relating to the Receivables and Related Rights, including, without limitation, the Contracts and other agreements related thereto, and (B) to visit such Originator's offices and properties for the purpose of examining such materials described in the foregoing clause (A) and discussing matters relating to the Receivables and Related Rights or such Originator's performance hereunder with any of the officers or employees of such Originator having knowledge of such matters; and (ii) without limiting the provisions of clause (i) next above, from time to time on request of the Administrator, permit certified public accountants or other auditors acceptable to the Administrator to conduct a review of its books and records with respect to the Receivables and Related Rights. Unless a Purchase and Sale Termination Event or Unmatured Purchase and Sale Termination Event shall exist, each Originator shall only be responsible for the cost of one examination described in clause (i) or clause (ii) above in any twelve-month period.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Imo Industries Inc)

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Receivables Review. At any time and from (i) From time to time during regular business hours, upon reasonable prior notice (unless a Purchase and Sale Termination Event as requested by the Company, the Insurer or Unmatured Purchase and Sale Termination Event shall exist)the Agent, (i) permit the Company and/or Company, the AdministratorAgent or the Control Party, or their respective agents or representatives, (A) to examine, to audit examine and make copies of and abstracts from all books, records and documents (including, without limitation, computer tapes and disks) in the power, possession or under the control of such the Originator relating to the Receivables and Related Rights, including, without limitation, the Contracts and other agreements related theretoContracts, and (B) to visit such the Originator's ’s offices and properties for the purpose of examining such materials described in the foregoing clause (A) and discussing to discuss matters relating to the Receivables and Related Rights or such the Originator's ’s performance hereunder or under the Contracts with any of the officers or employees of such the Originator having knowledge of such matters; and (ii) without limiting the provisions of clause (i) next above, from time to time on request of the Administrator, Insurer or the Agent permit certified public accountants or other auditors acceptable to the Administrator Insurer or the Agent, as applicable to conduct a review of its books and records with respect to the Receivables and Related Rights. Unless a ; provided that so long as no Purchase and Sale Termination Event or Unmatured Purchase and Sale Termination Event has occurred the Company, the Agent, the Control Party, certified public accountants or other auditors acceptable to the Control Party (or if the Control Party is the Majority Purchasers, the Agent), as applicable, shall existnot conduct more than two such examinations or reviews, each Originator shall only be responsible for the cost of one examination described in clause (i) or clause (ii) above as applicable, in any twelve-month periodyear (including any examinations conducted pursuant to any other Transaction Document). The Control Party agrees to notify the Agent of such examinations and agrees that the Agent can be present at such examinations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adesa California, LLC)

Receivables Review. At any time and from (i) From time to time during regular business hours, upon reasonable prior notice (unless a Purchase and Sale Termination Event as requested by the Company, the Insurer or Unmatured Purchase and Sale Termination Event shall exist)the Agent, (i) permit the Company and/or Company, the AdministratorAgent or the Control Party, or their respective agents or representatives, (A) to examine, to audit examine and make copies of and abstracts from all books, records and documents (including, without limitation, computer tapes and disks) in the power, possession or under the control of such the Originator relating to the Receivables and Related Rights, including, without limitation, the Contracts and other agreements related theretoContracts, and (B) to visit such the Originator's offices and properties for the purpose of examining such materials described in the foregoing clause (A) and discussing to discuss matters relating to the Receivables and Related Rights or such the Originator's performance hereunder or under the Contracts with any of the officers or employees of such the Originator having knowledge of such matters; and (ii) without limiting the provisions of clause (i) next above, from time to time on request of the Administrator, Insurer or the Agent permit certified public accountants or other auditors acceptable to the Administrator Insurer or the Agent, as applicable to conduct a review of its books and records with respect to the Receivables and Related Rights. Unless a ; provided that so long as no Purchase and Sale Termination Event or Unmatured Purchase and Sale Termination Event has occurred the Company, the Agent, the Control Party, certified public accountants or other auditors acceptable to the Control Party (or if the Control Party is the Majority Purchasers, the Agent), as applicable, shall existnot conduct more than two such examinations or reviews, each Originator shall only be responsible for the cost of one examination described in clause (i) or clause (ii) above as applicable, in any twelve-month periodyear (including any examinations conducted pursuant to any other Transaction Document). The Control Party agrees to notify the Agent of such examinations and agrees that the Agent can be present at such examinations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adesa Inc)

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Receivables Review. At any time and from (i) From time to time during regular business hours, upon reasonable prior notice (unless a Purchase and Sale Termination Event as requested by the Company, the Insurer or Unmatured Purchase and Sale Termination Event shall exist)the Agent, (i) permit the Company and/or Company, the AdministratorAgent or the Control Party, or their respective agents or representatives, (A) to examine, to audit examine and make copies of and abstracts from all books, records and documents (including, without limitation, computer tapes and disks) in the power, possession or under the control of such the Originator relating to the Receivables and Related Rights, including, without limitation, the Contracts and other agreements related theretoContracts, and (B) to visit such the Originator's offices and properties for the purpose of examining such materials described in the foregoing clause CLAUSE (A) and discussing to discuss matters relating to the Receivables and Related Rights or such the Originator's performance hereunder or under the Contracts with any of the officers or employees of such the Originator having knowledge of such matters; and (ii) without limiting the provisions of clause CLAUSE (i) next above, from time to time on request of the Administrator, Insurer or the Agent permit certified public accountants or other auditors acceptable to the Administrator Insurer or the Agent, as applicable to conduct a review of its books and records with respect to the Receivables and Related Rights. Unless a ; PROVIDED that so long as no Purchase and Sale Termination Event or Unmatured Purchase and Sale Termination Event has occurred the Company, the Agent, the Control Party, certified public accountants or other auditors acceptable to the Control Party (or if the Control Party is the Majority Purchasers, the Agent), as applicable, shall existnot conduct more than two such examinations or reviews, each Originator shall only be responsible for the cost of one examination described in clause (i) or clause (ii) above as applicable, in any twelve-month periodyear (including any examinations conducted pursuant to any other Transaction Document). The Control Party agrees to notify the Agent of such examinations and agrees that the Agent can be present at such examinations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Allete Inc)

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