Common use of Visitation and Inspection Clause in Contracts

Visitation and Inspection. Each of Parent and the Borrower will, and will cause each of its respective Subsidiaries to, permit any representative of the Administrative Agent or any Lender to visit and inspect its properties, to examine its books and records and to make copies and take extracts therefrom, and to discuss its affairs, finances and accounts with any of its officers and with its independent certified public accountants, all at such reasonable times and as often as the Administrative Agent or any Lender may reasonably request after reasonable prior notice to Parent and the Borrower; provided that (a) if an Event of Default has occurred and is continuing, no prior notice shall be required (b) if no Event of Default has occurred and is continuing, the Loan Parties shall only reimburse the Administrative Agent and the Lenders for one such visit per Fiscal Year.

Appears in 3 contracts

Samples: Credit Agreement (LendingTree, Inc.), Credit Agreement (LendingTree, Inc.), Credit Agreement (LendingTree, Inc.)

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Visitation and Inspection. Each of Parent Holdings and the Borrower Borrowers will, and will cause each of its respective their Subsidiaries to, permit any representative of the Administrative Agent or any Lender to visit and inspect its their properties, to examine its their books and records and to make copies and take extracts ex­tracts therefrom, and to discuss its their affairs, finances and accounts ac­counts with any of its their officers and with its their independent certified public accountants, all at such reasonable times and as often of­ten as the Administrative Agent or any Lender may reasonably request after reasonable rea­sonable prior notice to Parent and the BorrowerBorrowers; provided that (a) if an Event of Default has occurred and is continuing, no prior notice shall be required (b) if no required; provided, further, that, unless an Event of Default has shall have occurred and is be continuing, the Loan Parties shall only reimburse the Administrative Agent and the Lenders for one shall not exercise such visit rights under this Section 5.7 more often than once per Fiscal Yearyear.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Dakota Plains Holdings, Inc.)

Visitation and Inspection. Each of Parent and the Borrower The Loan Parties will, and will cause each of its respective their Subsidiaries to, permit any representative of the Administrative Agent or any Lender the Required Lenders to visit and inspect its properties, to examine its books and records and to make copies and take extracts therefrom, and to discuss its affairs, finances and accounts with any of its officers and with its independent certified public accountants, all at such reasonable times and as often as the Administrative Agent or any Lender the Required Lenders may reasonably request after reasonable prior notice to Parent and the Borrower; provided provided, that (ai) if an Event of Default has occurred and is continuing, no prior notice shall be required and (bii) if no Event of Default has occurred and is continuing, the Loan Parties Borrower shall only be responsible to reimburse the Administrative Agent and or the Lenders Required Lenders, as applicable, for one such visit visitation and inspection per Fiscal Year.

Appears in 1 contract

Samples: Credit Agreement (GTY Technology Holdings Inc.)

Visitation and Inspection. Each of Parent and the The Borrower will, and will cause each of its respective Subsidiaries to, permit any representative of the Administrative Agent or any Lender to visit and inspect its properties, to examine its books and records and to make copies and take extracts therefrom, and to discuss its affairs, finances and accounts with any of its officers and with its independent certified public accountants, all at such reasonable times during normal business hours (or at any time during the existence of an Event of Default) and as often as the Administrative Agent or any Lender may reasonably request after reasonable prior notice to Parent and the Borrower; provided that (a) if an Event of Default has occurred and is continuing, no prior notice shall be required (b) if required; provided, further, that so long as no Event of Default has occurred and is continuingthen exists, the Loan Parties Lender shall only reimburse the Administrative Agent and the Lenders for be limited to one such visit per during each Fiscal YearYear of the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Atlantic American Corp)

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Visitation and Inspection. Each of Parent and the The Borrower will, and will cause each of its respective Subsidiaries to, permit any representative of the Administrative Agent or any Lender (in coordination with the Administrative Agent) to visit and inspect its properties, to examine its books and records and to make copies and take extracts therefrom, and to discuss its affairs, finances and accounts with any of its officers and with its independent certified public accountants, all at such reasonable times and as often as the Administrative Agent or any Lender (through the Administrative Agent) may reasonably request after reasonable prior notice to Parent and the Borrower; provided that (a) if an Event of Default has occurred and is continuing, no prior notice shall be required (b) if required; provided, further, that so long as no Event of Default has shall have occurred and is be continuing, the Loan Parties Borrower shall only be required to reimburse the Administrative Agent and the Lenders for one such visit per Fiscal Year.

Appears in 1 contract

Samples: Credit Agreement (Patriot National, Inc.)

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