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

Books and Records; Inspection and Examination. The Borrower will keep, and will cause each Subsidiary to keep, accurate books of record and account for itself in which true and complete entries will be made in accordance with GAAP and, upon request of the Bank, will give any representative of the Bank access to, and permit such representative to examine, copy or make extracts from, any and all books, records and documents in its possession, to inspect any of its properties and to discuss its affairs, finances and accounts with any of its principal officers, all at such times during normal business hours and as often as the Bank may reasonably request.

Appears in 3 contracts

Samples: Credit Agreement (Health Fitness Corp /Mn/), Credit Agreement (Analysts International Corp), Term Credit Agreement (Sa Telecommunications Inc /De/)

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Books and Records; Inspection and Examination. The Borrower will keep, and will cause each Subsidiary to keep, accurate books of record and account for itself in which true and complete entries will be made in accordance with GAAP generally accepted accounting principles consistently applied and, upon request of the Bank, will give any representative of the Bank access to, and permit such representative to examine, copy or make extracts from, any and all books, records and documents in its possession, to inspect any of its properties and to discuss its affairs, finances and accounts with any of its principal officers, all at such times during normal business hours and as often as the Bank may reasonably request.

Appears in 2 contracts

Samples: Credit Agreement (Choicetel Communications Inc /Mn/), Credit Agreement (Arctic Cat Inc)

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