BOOK-KEEPING AND DATA-PROCESSING Sample Clauses
BOOK-KEEPING AND DATA-PROCESSING. The following rights may only be exercised in line with the Credit Agreement:
8.1 If the Assignor employs a third party for its bookkeeping and/or data-processing, the Assignor hereby authorises the Administrative Agent to obtain the statements and schedules provided according to Clause 4.1 and the Lists of Claims provided according to Clause 4.2 directly from such third party at the Assignors expense.
8.2 If proof or documents necessary to assert the Claims have been handed over by the Assignor to a third party (in particular a bookkeeping firm or a tax consultant) the Assignor hereby assigns to the Administrative Agent its right to demand from such third party the return of the information and documents. The Administrative Agent hereby accepts such assignment. The Assignor hereby undertakes to instruct the third party to provide the Administrative Agent upon its demand with such information and documents which are necessary to assert the relevant Claims.
8.3 If the relevant Claims have been stored in an electronic data-processing system and a third party handles the electronic processing of data, the Assignor hereby assigns to the Administrative Agent all rights against such third party relating to these services, and instructs such third party to handle the processing of data for the Administrative Agent upon its instructions as it did for the relevant Assignor. The Administrative Agent hereby accepts such assignment.
8.4 The Assignment in Clauses 8.2 or 8.3 shall not hinder the Assignor to demand the information and documents or data from third party handling these information, documents or data and the Assignor is hereby authorised to exercise all rights assigned to the Administrative Agent pursuant to Clause 8.2 and/or clause 8.3.
BOOK-KEEPING AND DATA-PROCESSING. 11.1 If proof or documents which are necessary to assert the Claims have been handed over by the Assignor to a third party (in particular a bookkeeping firm or a tax consultant) the Assignor hereby assigns to the Security Agent its right to demand from such third party the return of the information and documents. The Security Agent hereby accepts such assignment. The Assignor hereby undertakes to instruct the third party to provide the Security Agent upon its reasonable demand with such information and documents which are necessary to assert the Claims. The Security Agent may only make such demand
(a) (after taking into account the interests of the Assignor) for the safeguarding of the Security Agent’s legitimate interests; or
(b) after
(i) an Event of Default has occurred; and
(ii) the Facility Agent has delivered a notice declaring an Event of Default and declaring that all or part of any amounts outstanding under the Finance Documents are due and payable.
11.2 If the Claims have been stored in an electronic data-processing system and a third party handles the electronic processing of data, the Assignor hereby assigns to the Security Agent all rights against such third party relating to these services, and instructs such third party to handle the processing of data for the Security Agent upon its instructions as it did for the Assignor. The Security Agent hereby accepts such assignment. The Security Agent may only give such instructions (1) (after taking into account the interests of the Assignor) for the safeguarding of the Security Agent’s legitimate interests or (2) after (i) an Event of Default has occurred and (ii) the Facility Agent has delivered a notice declaring an Event of Default and declaring that all or part of any amounts outstanding under the Finance Documents are due and payable.