Common use of Grantee's Right to Inspect; Trademark Quality Control Clause in Contracts

Grantee's Right to Inspect; Trademark Quality Control. To the extent permitted by the Loan Agreement, Grantee shall have the right, from time to time with prior notice (unless an Event of Default has occurred and is continuing, in which case prior notice shall not be required) and, during normal business hours and prior to payment in full of all Obligations (other than contingent indemnification obligations) and termination of the Loan Agreement, to inspect Grantor's premises and to examine Grantor's books, records and operations, including, without limitation, Grantor's quality control processes. Grantor agrees (i) to maintain the quality of any and all products in connection with which the material Trademarks are used, consistent with the quality of said products (as determined by Grantor in its commercially reasonable business judgment) and (ii) to provide Grantee, upon Grantee's reasonable request from time to time, with a certificate of an officer of Grantor certifying Grantor's compliance with the foregoing.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (Viskase Companies Inc), Intellectual Property Security Agreement (Viskase Companies Inc)

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Grantee's Right to Inspect; Trademark Quality Control. To the extent permitted by the Loan Security Agreement, Grantee shall have the right, from time to time with prior notice (unless an Event of Default has occurred and is continuing, in which case prior notice shall not be required) and, during normal business hours and prior to payment in full of all Obligations (other than contingent indemnification obligations) and termination of or the Loan AgreementDefeasance thereof, to inspect Grantor's premises and to examine Grantor's books, records and operations, including, without limitation, Grantor's quality control processes. Grantor agrees (i) to maintain the quality of any and all products in connection with which the material Trademarks are used, consistent with the quality of said products (as determined by Grantor in its commercially reasonable business judgment) and (ii) to provide Grantee, upon Grantee's reasonable request from time to time, with a certificate of an officer of Grantor certifying Grantor's compliance with the foregoing.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (Viskase Companies Inc), Intellectual Property Security Agreement (Viskase Companies Inc)

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Grantee's Right to Inspect; Trademark Quality Control. To the extent permitted by the Loan Security Agreement, Grantee shall have the right, from time to time with prior xxxxx notice (unless an Event of Default has occurred and is continuing, in which case prior notice shall not be required) and, during normal business hours and prior to payment in full of all Obligations (other than contingent indemnification obligations) and termination of or the Loan AgreementDefeasance thereof, to inspect Grantor's premises and to examine Grantor's books, records and operations, including, without limitation, Grantor's quality control processes. Grantor agrees (i) to maintain the quality of any and all products in connection with which the material Trademarks `trademarks are used, consistent with the quality of said products (as determined by Grantor in its commercially reasonable business judgment) and (ii) to provide Grantee, upon Grantee's reasonable request from time to time, with a certificate of an officer of Grantor certifying Grantor's compliance with the foregoing.

Appears in 1 contract

Samples: Security Agreement (Viskase Companies Inc)

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