Common use of Books and Records; Inspection and Examination Clause in Contracts

Books and Records; Inspection and Examination. Each Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to such Borrower’s business and financial condition and such other matters as Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon request of Lender, will permit any officer, employee, attorney or accountant for Lender to audit, review, make extracts from, or copy any and all corporate and financial books, records and properties of such Borrower at all times during ordinary business hours, and to discuss the affairs of such Borrower with any of its directors, officers, employees or agents. Borrowers will permit Lender, or its employees, accountants, attorneys or agents, to examine and copy any or all of their records and to examine and inspect the Collateral at any time during Borrowers’ business hours.

Appears in 2 contracts

Samples: Loan Agreement (Landec Corp \Ca\), Master Security Agreement (Landec Corp \Ca\)

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Books and Records; Inspection and Examination. Each Borrower will keep accurate books of record and account for itself pertaining to the Collateral Equipment and pertaining to such Borrower’s 's business and financial condition and such other matters as Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon request of Lender, generally accepted accounting principles consistently applied and will permit any officer, employee, attorney or accountant for Lender to audit, review, make extracts from, or copy any and all corporate company and financial books, records and properties of such Borrower at all times during ordinary business hours, and to discuss the affairs of such Borrower with any of its directorsmembers, officers, employees or agents. Borrowers Borrower will permit Lender, or its employees, accountants, attorneys or agents, to examine and copy any or all of their its records and to examine and inspect the Collateral Equipment at any time during Borrowers’ Borrower's business hours.

Appears in 1 contract

Samples: Loan Agreement (Pharmaceutical Resources Inc)

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Books and Records; Inspection and Examination. Each Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to such Borrower’s business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon request of the Lender, will permit any officer, employee, attorney or accountant for the Lender to audit, review, make extracts from, from or copy any and all corporate and financial books, books and records and properties of such Borrower the Borrowers at all times during ordinary business hours, and to discuss the affairs of such Borrower the Borrowers with any of its their directors, officers, employees or agents. The Borrowers will permit the Lender, or its employees, accountants, attorneys or agents, to examine and copy inspect any Collateral, other collateral covered by the Security Documents or all any other property of their records and to examine and inspect the Collateral Borrowers at any time during Borrowers’ ordinary business hours.

Appears in 1 contract

Samples: Patent, Trademark and License Collateral Assignment and Security Agreement (Synergetics Usa Inc)

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