Common use of Credit Review Clause in Contracts

Credit Review. (a) The Multiplex Licensee may conduct a review of the creditworthiness of the Access Seeker: (i) by providing notice to the Access Seeker within 6 months following the Effective Date that it wishes to review the creditworthiness of the Access Seeker; or (ii) if any of the following events occur: (A) the Multiplex Licensee, acting reasonably, considers that there is a possibility of an Insolvency Event occurring in relation to the Access Seeker; or (B) the Access Seeker has failed to pay any amounts under this Agreement by the Due Date, except where such amounts are subject of a Billing Dispute Notice. (b) If the Multiplex Licensee is entitled to conduct a review of the creditworthiness of the Access Seeker pursuant to clause 14.1, the Access Seeker must: (i) co-operate with and provide all reasonable assistance to the Multiplex Licensee (or its nominee) for the purposes of conducting the review, which includes providing to the Multiplex Licensee (or its nominee) such financial information (such as profit and loss accounts and/or cash flow statements) and access to documents, materials and the Personnel of the Access Seeker or its Related Bodies Corporate as is reasonably required by the Multiplex Licensee (or its nominee) to determine the ongoing creditworthiness of the Access Seeker; and (ii) ensure that the information it provides to the Multiplex Licensee (or its nominee) pursuant to clause 14.1(b)(i) is complete, accurate and current, and gives a true and fair view of the financial position of the Access Seeker as at the date it is provided to the Multiplex Licensee (or its nominee). (c) For the avoidance of doubt, any financial information disclosed by the Access Seeker to the Multiplex Licensee (or its nominee) pursuant to this clause 14.1(b) is the Confidential Information of the Access Seeker and is subject to the obligations of confidentiality set out in clause 19.

Credit Review. (a) The Multiplex Licensee may conduct a review of the creditworthiness credit worthiness of the Access Seeker: (i) by providing notice to the Access Seeker within 6 months following the Effective Date that it wishes to review the creditworthiness of the Access Seeker; or (ii) if any of the following events occur: (A) the Multiplex Licensee, acting reasonably, considers that there is a possibility of an Insolvency Event occurring in relation to the Access Seeker; or (B) the Access Seeker has failed to pay any amounts under this Agreement by the Due Date, except where such amounts are subject of a Billing Dispute Notice. (b) If the Multiplex Licensee is entitled to conduct a review of the creditworthiness of the Access Seeker pursuant to clause 14.114.1(a), the Access Seeker must: (i) co-operate with and provide all reasonable assistance to the Multiplex Licensee (or its nominee) for the purposes of conducting the review, which includes providing to the Multiplex Licensee (or its nominee) such financial information (such as profit and loss accounts and/or cash flow statements) and access to documents, materials and the Personnel of the Access Seeker or its Related Bodies Corporate as is reasonably required by the Multiplex Licensee (or its nominee) to determine the ongoing creditworthiness of the Access Seeker; and (ii) ensure that the information it provides to the Multiplex Licensee (or its nominee) pursuant to clause 14.1(b)(i) is complete, accurate and current, and gives a true and fair view of the financial position of the Access Seeker as at the date it is provided to the Multiplex Licensee (or its nominee). (c) For the avoidance of doubt, any financial information disclosed by the Access Seeker to the Multiplex Licensee (or its nominee) pursuant to this clause 14.1(b) 14.1 is the Confidential Information of the Access Seeker and is subject to the obligations of confidentiality set out in clause 19.

Credit Review. (a) The Multiplex Licensee may conduct a review of the creditworthiness of the Access Seeker: (i) by providing notice to the Access Seeker within 6 months following the Effective Date that it wishes to review the creditworthiness of the Access Seeker; or (ii) if any of the following events occur: (A) the Multiplex Licensee, acting reasonably, considers that there is a possibility of an Insolvency Event occurring in relation to the Access Seeker; or (B) the Access Seeker has failed to pay any amounts under this Agreement by the Due Date, except where such amounts are subject of a Billing Dispute Notice. (b) If the Multiplex Licensee is entitled to conduct a review of the creditworthiness of the Access Seeker pursuant to this clause 14.112.1, the Access Seeker must: (i) co-operate with and provide all reasonable assistance to the Multiplex Licensee (or its nominee) for the purposes of conducting the review, which includes providing to the Multiplex Licensee (or its nominee) such financial information (such as profit and loss accounts and/or cash flow statements) and access to documents, materials and the Personnel of the Access Seeker or its Related Bodies Corporate as is reasonably required by the Multiplex Licensee (or its nominee) to determine the ongoing creditworthiness of the Access Seeker; and (ii) ensure that the information it provides to the Multiplex Licensee (or its nominee) pursuant to clause 14.1(b)(i12.1(b)(i) is complete, accurate and current, and gives a true and fair view of the financial position of the Access Seeker as at the date it is provided to the Multiplex Licensee (or its nominee). (c) For the avoidance of doubt, any Any financial information disclosed by the Access Seeker to the Multiplex Licensee (or its nominee) pursuant to this clause 14.1(b12.1(b) is the Confidential Information of the Access Seeker and is subject to the obligations of confidentiality set out in clause 1917.