Right to Inspect and Verify. Agent (through any of its officers, employees, or agents) shall have the right, from time to time hereafter, and so long as no Default or Event of Default has occurred and in continuing, upon reasonable notice and during normal business hours (i) to inspect the Books and make copies or abstracts thereof, (ii) to communicate directly with any and all Account Debtors and makers of Notes Receivable to verify the existence and terms thereof, and (iii) to check, test, and appraise the Collateral, or any portion thereof, in order to verify Borrower’s and its Subsidiaries’ financial condition or the amount, quality, value, condition of, or any other matter relating to, the Collateral; and Borrower shall permit any designated representative of Agent to visit and inspect any of the properties of the Borrower to inspect and to discuss its finances and properties and Collateral, upon reasonable notice and at such reasonable times during normal business hours ; provided that (A) so long as no Default or Event of Default has occurred and is continuing, Borrower will not be charged for more than one (1) financial or collateral inspection, audit or appraisal during any calendar year, whether pursuant to this Agreement or the Sale and Servicing Agreement, and (B) so long as no Event of Default has occurred and is continuing, none of Borrower, Horizon nor Horizon Management will be charged for an aggregate amount in excess of $30,000 for fees and charges during any calendar year covering financial or collateral inspections, audits or appraisals pursuant to this Agreement or the Sale and Servicing Agreement.
Right to Inspect and Verify. Agent (through any of its officers, employees, or agents) shall have the right, from time to time hereafter (i) to inspect the Books and make copies or abstracts thereof, (ii) to communicate directly with any and all Account Debtors and makers of Notes Receivable to verify the existence and terms thereof (provided, that so long as no Event of Default has occurred and is continuing, Agent shall notify Borrower prior to communicating directly with an Account Debtor or maker of Notes Receivable), and (iii) to check, test, and appraise the Collateral, or any portion thereof, in order to verify Borrower’s and its Subsidiaries’ financial condition or the amount, quality, value, condition of, or any other matter relating to, the Collateral; and Borrower shall permit any designated representative of Agent to visit and inspect any of the properties of the Borrower to inspect and to discuss its finances and properties and Collateral, upon reasonable notice and at such reasonable times during normal business hours.
Right to Inspect and Verify. Lender (through any of its officers, employees, or agents) shall have the right, at Borrower’s sole expense, from time to time hereafter (a) to inspect the Books and make copies or abstracts thereof, during normal business hours and subject to the rights of tenants who are not Affiliates of Borrower, (b) from time to time, to communicate directly with any and all Account Debtors to verify the existence and terms thereof, and (c) from time to time, to check, test, and appraise Borrower Collateral, or any portion thereof, in order to verify Borrower’s financial condition or the amount, quality, value, condition of, or any other matter relating to, Borrower Collateral; and Borrower shall permit any designated representative of Lender to visit and inspect any of the properties of Borrower to inspect and to discuss its finances and properties and Borrower Collateral, upon reasonable notice and at such reasonable times during normal business hours and subject to the rights of tenants who are not Affiliates of Borrower and as often as may be reasonably requested.
Right to Inspect and Verify. Subject to the limitations set forth in Section 2.10(c), Agent (through any of its officers, employees, or agents) shall have the right, from time to time hereafter upon reasonable notice and during normal business hours (provided that reasonable notice and requirements to inspect during normal business hours shall not apply if a Default or an Event of Default shall have occurred and be continuing) (i) to inspect the Books and make copies or abstracts thereof, (ii) to communicate directly with any and all Account Debtors and makers of Notes Receivable to verify the existence and terms thereof, and (iii) to check, test, and appraise the Collateral, or any portion thereof, in order to verify Borrower’s and its Subsidiaries’ financial condition or the amount, quality, value, condition of, or any other matter relating to, the Collateral; and Borrower shall permit any designated representative of Agent to visit and inspect any of the properties of the Borrower to inspect and to discuss its finances and properties and Collateral.
Right to Inspect and Verify. Agent and each Lender (through any of their respective officers, employees, or agents) shall have the right, from time to time hereafter (i) to inspect the Books and make copies or abstracts thereof, (ii) from time to time, to communicate directly with any and all Borrower’s Account Debtors to verify the existence and terms of Leases and Notes Receivable, and (iii) to check, test, and appraise the Collateral, or any portion thereof, in order to verify Borrower’s and its Subsidiaries’ financial condition or the amount, quality, value, condition of, or any other matter relating to, the Collateral.
Right to Inspect and Verify. The Administrative Agent (through any of its officers, employees, or agents and accompanied by any Lender or its designated representatives having requested to attend in the case of physical inspections) shall have the right, from time to time hereafter on reasonable notice unless a Default or Event of Default has occurred and is continuing, (i) to inspect and audit the books and records of any Credit Party and make copies or abstracts thereof, during normal business hours, (ii) from time to time, to communicate directly with any and all Account Debtors, Obligors and any other Person (whether an insurer, insurance agency or insurance brokerage) owing Receivables to the Borrower to verify the existence and terms thereof, and (iii) from time to time, to check, test, and appraise the Collateral, or any portion thereof, in order to verify any of Grantor’s, Borrower’s, and Borrower’s Subsidiaries’ financial condition or the amount, quality, value, condition of, or any other matter relating to, the Collateral; and each Credit Party shall, and shall cause each Grantor to, permit any designated representative of the Administrative Agent to visit and inspect any of the properties of the Borrower or such Grantor, as applicable, to inspect and to discuss their respective finances and any of their respective properties and Collateral, during normal business hours. Each Grantor shall, reimburse/pay the Administrative Agent for any costs, expenses and charges which are or will be incurred by the Administrative Agent in the exercise of the foregoing provisions.
Right to Inspect and Verify. Trustee, Agent and each Lender (through any of their respective officers, employees, representatives, or agents) shall have the right, from time to time hereafter (a) to inspect and examine the Collateral and the Borrower’s and Servicer’s Books and Records, in each case solely in relation to the Borrower, the Collateral, the Servicer’s duties hereunder, or the matters contemplated herein or in the other Loan Documents, to examine and make copies of such Books and Records, and to discuss Borrower’s and Servicer’s affairs, finances, and accounts with, and to be advised as to the same by, its officers and employees (provided an authorized representative of Borrower or Servicer shall be allowed to be present) at such reasonable times and intervals as Trustee, Agent or any Lender, as applicable, may designate and, so long as no Default or Event of Default has occurred and is continuing, with reasonable prior notice to Borrower and during regular business hours, (b) at any time a Material Default or Servicer Termination Event has occurred and is continuing, to communicate directly with any and all Portfolio Companies to verify the existence and terms of Collateral, and (c) subject to the limitations set forth in Section 2.13(e), to check, test, and appraise the Collateral and to conduct stratifications of Servicer’s and its Subsidiaries total global portfolio of loans and participations, or any portion thereof, in order to verify Borrower’s and Servicer’s financial condition or the amount, quality, value, condition of, or any other matter relating to, the Collateral, and, subject to the limitations set forth in Section 2.13(e) and in accordance with Sections 5.1(c) and 5.2(e), Borrower and Servicer shall permit any designated representative of Trustee, Agent or any Lender to visit and inspect any of the properties of Borrower or Servicer to inspect and to discuss Borrower’s finances and properties and the Collateral, during normal business hours. For the avoidance of doubt, nothing in this Section 11.6 shall grant Trustee, Agent, or any Lender any right of access to review of any legal files, credit analysis, or other documents and information specific only to a particular Portfolio Loan or Purchased Participation except with respect to the Loan Portfolio.
Right to Inspect and Verify. Lender (through any of its officers, employees, or agents) shall have the right, from time to time hereafter (i), to inspect and audit the Books of each Loan Party and make copies or abstracts thereof, during normal business hours, (ii) from time to time, to communicate directly with any and all Account Debtors obligated with respect to Leases to verify the existence and terms thereof (provided, that, unless a Servicer Termination Event or Event of Default has occurred and is continuing, Lender shall take reasonable steps to conduct such verifications in such a manner so as not to disclose to the applicable Account Debtors that Lender is a provider of credit accommodations to Borrower), (iii) to check, test, and appraise the Collateral, or any portion thereof, in order to verify Borrower’s and its Subsidiaries’ financial condition or the amount, quality, value, condition of, or any other matter relating to, the Collateral; and (iv) at any time after the occurrence and during the continuation of a Servicer Termination Event or Event of Default, to the extent any Loan Party has such rights, to inspect any Leased Equipment. Each Loan Party shall permit any designated representative of Lender to visit and inspect any of the properties of such Loan Party to inspect and to discuss its finances and properties and Collateral, during normal business hours. Lender shall be reimbursed by Borrower with respect to all audits, inspections and appraisals contemplated by this Section 4.9 in accordance with the terms of the Fee Letter.
Right to Inspect and Verify. (a) Subject to the limitations contained in Section 2.13(c), Agent (through any of its officers, employees, or agents) shall have the right, from time to time hereafter (i) to inspect the Books and make copies or abstracts thereof, (ii) upon the occurrence and during the continuance of an Event of Default and in connection with an audit, to communicate directly with any and all Account Debtors and makers of Notes Receivable to verify the existence and terms thereof (provided, that (A) Agent shall notify Borrower prior to communicating directly with an Account Debtor or maker of Notes Receivable and (B) any such communication shall be in the presence of Borrower’s or HCI’s officers (and Borrower and HCI shall use reasonable efforts to make such officers available)), and (iii) to check, test, and appraise the Collateral, or any portion thereof, in order to verify Borrower’s and its Subsidiaries’ financial condition or the amount, quality, value, condition of, or any other matter relating to, the Collateral (provided, that so long as no Event of Default has occurred and is continuing, Borrower shall be responsible for the costs and expenses of only one such check, test or appraisal per fiscal year, which costs and expenses shall not exceed $25,000 in the aggregate per annum for all such checks, tests and appraisals collectively); and Borrower shall permit any designated representative of Agent to visit and inspect any of the properties of Borrower to inspect and to discuss its finances and properties and Collateral, upon reasonable notice and at such reasonable times during normal business hours.
Right to Inspect and Verify. Lender (through any of its officers, employees, or agents) shall have the right, from time to time hereafter (i) to inspect the Books and make copies or abstracts thereof, during normal business hours, (ii) upon reasonable prior written notice to Borrower not more than once each calendar year absent the occurrence of a Material Adverse Effect or an Event of Default, (iii) at any time that a Material Adverse Effect or an Event of Default has occurred and is continuing, to communicate directly with any and all Account Debtors to verify the existence and terms thereof, (iv) at any time that a Material Adverse Effect or Event of Default has occurred and is continuing, to check, test, and appraise the Borrower Collateral, or any portion thereof, in order to verify Borrower’s financial condition or the amount, quality, value, condition of, or any other matter relating to, the Borrower Collateral; and (v) at any time that a Material Adverse Effect or an Event of Default has occurred and is continuing, Borrower shall permit any designated representative of Lender to visit and inspect any of the properties of the Borrower to inspect and to discuss its finances and properties and Borrower Collateral, upon reasonable notice and at such reasonable times during normal business hours and as often as may be reasonably requested.
