Common use of Visitation; Verification Clause in Contracts

Visitation; Verification. Upon reasonable prior notice, the Borrower shall permit (and cause each Loan Party to permit) the Agent or any Lender or its accountants, attorneys or other agents to visit and inspect any of the properties of any Loan Party, to examine its books and records and take copies and extracts therefrom and to discuss its affairs with its directors, officers, employees and independent accountants at such times and as often as the Agent or any Lender may reasonably request; PROVIDED, that a Loan Party shall have the right to have an officer present at any discussion with its employees; and PROVIDED, further, that the Lenders (as opposed to the Agent) shall not have any right under this Section to examine any proprietary technical information of the Borrower; the foregoing shall not preclude walk-through visits of the properties of a Loan Party by the Agent or any Lender. The Borrower hereby authorizes (and directs each Loan Party to authorize) such officers, employees and independent accountants to discuss with the Agent or any Lender the affairs of any Loan Party. The Agent and the Lenders shall have the right to examine and verify accounts, inventory and other properties and liabilities of each Loan Party from time to time, and the Borrower shall cooperate with the Agent and the Lenders in such verification. Any such inspection or examination shall be for the protection of the Agent and the Lenders and neither the Agent nor any Lender shall have any responsibility to any Loan Party or any other Person for any deficiency in construction or variance from specifications which may be revealed by any inspection by the Agent or any Lender, whether or not discovered by any of such Persons.

Visitation; Verification. Upon reasonable prior notice, the Borrower shall permit (and cause each Loan Party to permit) the Agent or any Lender or its accountants, attorneys or other agents to visit and inspect any of the properties of any Loan Party, to examine its books and records and take copies and extracts therefrom and to discuss its affairs with its directors, officers, employees and independent accountants at such times and as often as the Agent or any Lender may reasonably request; PROVIDEDprovided, that a Loan Party shall have the right to have an officer present at any discussion with its employees; and PROVIDEDprovided, further, that the Lenders (as opposed to the Agent) shall not have any right under this Section to examine any proprietary technical information of the Borrower; the foregoing shall not preclude walk-through visits of the properties of a Loan Party by the Agent or any Lender. The Borrower hereby authorizes (and directs each Loan Party to authorize) such officers, employees and independent accountants to discuss with the Agent or any Lender the affairs of any Loan Party. The Agent and the Lenders shall have the right to examine and verify accounts, inventory and other properties and liabilities of each Loan Party from time to time, and the Borrower shall cooperate with the Agent and the Lenders in such verification. Any such inspection or examination of the Project shall be for the protection of the Agent and the Lenders and neither the Agent nor any Lender shall have any responsibility to any Loan Party or any other Person for any deficiency in construction or variance from specifications the Specifications which may be revealed by any inspection by the Project Monitor, the Agent or any Lender, whether or not discovered by any of such Persons.