Visitation; Audits. Each Loan Party shall permit such Persons as the Agent (either on its own initiative or at the direction of the Majority Banks) may designate (i) to visit and inspect any of the properties of any Loan Party, (ii) to examine, and to make copies and extracts from, the books and records of each Loan Party and (iii) to discuss their affairs with their officers during normal business hours; provided, however, that (A) if the Agent retains Persons not affiliated with the Agent or a Bank, as the case may be, to conduct any such audit, the Agent shall use its reasonable best efforts to ensure that such Persons are subject to appropriate non-disclosure and confidentiality requirements for the benefit of such Loan Party; (B) so long as no Event of Default has occurred and is continuing, the Agent shall provide each such Loan Party with reasonable prior notice of any such visitation or inspection and shall use commercially reasonable efforts to conduct such visits and inspections so as to minimize costs and disruptions to the Loan Parties, and the Loan Parties shall not be obligated to permit more than one visit and inspection in any calendar year; and (C) upon the occurrence and during the continuation of an Event of Default, each Loan Party shall permit such Persons as the Agent or any of the Banks may designate (i) to visit and inspect any of the properties of such Loan Party, (ii) to examine, and to make copies and extracts from, the books and records of such Loan Party and (iii) to discuss their affairs with their officers and Auditor at any time and without notice; provided, however, if the Agent or such Bank retains Persons not affiliated with the Agent or such Bank to conduct any such audit, the Bank or the Agent shall use its reasonable best efforts to ensure that such Persons are subject to appropriate non-disclosure and confidentiality requirements for the benefit of such Loan Party.
Visitation; Audits. The Borrower shall permit or shall cause to be permitted such Persons as the Lender may designate to visit and inspect any of the properties of the Borrower, to examine, and to make copies and extracts from, the books and records of the Borrower and to discuss its affairs with its officers, employees and independent accountants during normal business hours. The Borrower shall authorize its officers, employees and independent accountants to discuss with the Lender the affairs of the Borrower. The Lender may conduct such audits at its reasonable discretion and as often as it reasonably deems necessary. The Borrower shall pay all reasonable costs incurred in connection with conducting such audits.
Visitation; Audits. The Borrowers shall permit or shall cause to be permitted such Persons as the Bank may designate to visit and inspect any of the properties of any Loan Party, to examine, and to make copies and extracts from, the books and records of any Loan Party and to discuss its affairs with its officers, employees and independent accountants during normal business hours and upon reasonable prior notice; provided, however, that no such notice shall be required if an Event of Default has occurred. Each Loan Party shall and shall cause its Subsidiaries to authorize its officers, employees and independent accountants to discuss with the Bank the affairs of such Loan Party. So long as no Event of Default has occurred, the Bank may conduct one (1) audit per fiscal year of the Borrowers and such additional audits as it reasonably deems necessary. The Borrowers shall pay all reasonable costs incurred in connection with conducting such audits. Upon the occurrence of an Event of Default, the Bank may conduct any and all audits it deems necessary at the cost and expense of the Borrowers.
Visitation; Audits. Each Loan Party shall permit such Persons as the Agent or any of the Banks may designate (i) to visit and inspect any of the properties of any Loan Party, (ii) to examine, and to make copies and extracts from, the books and records of each Loan Party and (iii) to discuss their affairs with their officers during normal business hours; provided, however, if the Agent or any Bank retains Persons not affiliated with the Agent or such Bank, as the case may be, to conduct any such audit, the Agent or such Bank shall use its reasonable best efforts to ensure that such Persons are subject to appropriate non-disclosure and confidentiality requirements for the benefit of such Loan Party. So long as no Event of Default has occurred, the Agent or such Bank shall provide each such Loan Party with reasonable notice of any such visitation or inspection. Upon the occurrence and during the continuation of an Event of Default, each Loan Party shall permit such Persons as the Agent or any of the Banks may designate (i) to visit and inspect any of the properties of such Loan Party, (ii) to examine, and to make copies and extracts from, the books and records of such Loan Party and (iii) to discuss their affairs with their officers and independent accountants at any time and without notice; provided, however, if the Agent or such Bank retains Persons not affiliated with the Agent or such Bank to conduct any such audit, the Bank or the Agent shall use its reasonable best efforts to ensure that such Persons are subject to appropriate non-disclosure and confidentiality requirements for the benefit of such Loan Party.
Visitation; Audits. The Borrowers will permit such Persons as the Agent or any of the Banks may designate (i) to visit and inspect any of the properties of the Borrowers and their Subsidiaries, (ii) to examine, and to make copies and extracts from, the books and records of the Borrowers and their Subsidiaries and (iii) to discuss their affairs with their officers during normal business hours; provided, however, if the Bank retains Persons not affiliated with the Bank to conduct any such audit, the Bank shall use its reasonable best efforts to ensure that such Persons are subject to appropriate non-disclosure and confidentiality requirements for the benefit of the Borrowers. Provided that no Event of Default has occurred, the Agent or such Bank shall provide the Borrowers with reasonable written notice of any such visitation or inspection. Upon the occurrence and during the continuation of an Event of Default, the Borrowers will permit such Persons as the Agent or any of the Banks may designate (i) to visit and inspect any of the properties of the Borrowers and their Subsidiaries, (ii) to examine, and to make copies and extracts from, the books and records of the Borrowers and their Subsidiaries and (iii) to discuss their affairs with their officers and independent accountants at any time and without notice; provided, however, if the Bank retains Persons not affiliated with the Bank to conduct any such audit, the Bank shall use its reasonable best efforts to ensure that such Persons are subject to appropriate non-disclosure and confidentiality requirements for the benefit of the Borrowers.
Visitation; Audits. The Borrowers shall permit or shall cause to be permitted such Persons as the Bank may designate to visit and inspect any of the properties of the Borrowers, to examine, and to make copies and extracts from, the books and records of the Borrowers and to discuss their affairs with their officers, employees and independent accountants during normal business hours. The Borrowers shall and shall cause their Subsidiaries to authorize their officers, employees and independent accountants to discuss with the Bank the affairs of the Borrowers and their Subsidiaries. The Bank shall conduct one audit per fiscal year of the Borrowers and such additional audits as it reasonably deems necessary. The Borrowers shall pay all reasonable costs incurred in connection with conducting such audits.
Visitation; Audits. The Borrowers will permit such persons as the Bank may designate to visit and inspect any of the properties of the Borrowers and their Subsidiaries to examine, and to make copies and extracts from, the books and records of the Borrowers and their Subsidiaries and to discuss their affairs with their officers, employees and independent accountants during normal business hours. Provided that no Event of Default has occurred, the Bank shall provide the Borrower with reasonable notice of any such visitation or inspection. The Borrowers authorize the officers, employees and independent accountants for the Borrowers to discuss with the Bank the affairs of the Borrowers.
Visitation; Audits. Upon reasonable notice (and for this purpose no more than two Business Days’ notice shall be required under any circumstances) if no Event of Default or Default shall exist, or at any time with or without notice after the occurrence and during the continuance of an Event of Default or Default, the Borrower shall, and shall cause each of its Subsidiaries to, allow any representative of the Bank to visit and inspect any of the properties of the Borrower and any of its Subsidiaries, to examine the books of account and other records and files of the Borrower and any of its Subsidiaries related to the Collateral and to discuss the affairs, business, finances and accounts of the Borrower and its Subsidiaries with their personnel and accountants.
Visitation; Audits. Up to three (3) times in each year during the term of this Agreement, each of the Borrowers will permit such persons as the Lender may designate to visit and inspect any of its properties, to conduct field examinations of the collateral, to examine, and to make copies and extracts from, its books and records and to discuss its affairs with its officers, employees and independent accountants during normal business hours and after reasonable notice, unless an Event of Default shall have occurred and be continuing, in which case at such times and as often as the Lender may request. The Borrowers shall pay to the Lender the Lender’s then current field examination fee ($900 per person-day as of the date of this Agreement) and shall reimburse the Lender for the Lender’s out-of-pocket costs in connection with any such audit. Each of the Borrowers authorizes its officers, employees and independent accountants to discuss with the Lender its affairs.
Visitation; Audits. The Borrower will permit such persons as the Bank ------------------ may designate to visit and inspect any of the properties of the Borrower to conduct field examinations of the Collateral, to examine, and to make copies and extracts from, the books and records of the Borrower and to discuss its affairs with its officers, key or executive employees and independent accountants at such times and as often as the Bank may request. The Borrower authorizes its officers, employees and independent accountants to discuss with the Bank the affairs of the Borrower.
