Common use of Security Review Clause in Contracts

Security Review. Subject to the conditions set out herein, Flexera will permit Customer personnel or authorized representatives to review and assess Flexera’s compliance with the obligations set out in this Section (“Security Review”). The definition of audit rights is to be mutually agreed between Flexera and Customer. Unless otherwise required by law: a. Any Security Review is subject to not less than 28 days advance written notice and limited to no more than once in any 12-month period; b. The Security Review will take place during normal business hours and should be conducted in a manner to minimize disruption to Flexera’s business operations; c. Customer will bear its own costs in relation to a Security Review; and d. Any third party undertaking the Security Review must (i) be subject to confidentiality obligations no less protective than those set out in the Agreement; and (ii) must not be a competitor of Flexera.

Security Review. Subject to the conditions set out herein, Flexera will permit Customer personnel or authorized representatives to review and assess Flexera’s compliance with the obligations set out in this Section (“Security thisSection(“Security Review”). The definition of audit rights is rightsis to be mutually agreed between Flexera and Customer. Unless otherwise required by law: a. Any Security Review is subject to not less than 28 days advance written notice and limited to no more than once in any 12-month period; b. The Security Review will take place during normal business hours and should be conducted in a manner to minimize disruption to Flexera’s business operations; c. Customer will bear its own costs in relation to a Security Review; and d. Any third party undertaking the Security Review must (i) be subject to confidentiality obligations no less protective than those set out in the Agreement; and (ii) must not be a competitor of Flexera.