Third Party Audit Rights. Upon the Administrative Agent’s request, promptly notify the Administrative Agent of, and at all times allow the Administrative Agent access to the results of, all audits conducted by any Credit Party of any third party licensee, partnership or joint venture under any agreement with respect to any Item of Product included in the Collateral. After an Event of Default has occurred and is continuing, the Administrative Agent shall have the right to exercise directly or through any Credit Party at the option of the Administrative Agent, such Credit Party’s right to audit any obligor under an agreement with respect to any Item of Product included in the Collateral.
Third Party Audit Rights. On a quarterly basis, notify the Administrative Agent of, and at all times allow the Administrative Agent access to the results of, all audits conducted by any Credit Party of any third party licensee under any agreement with respect to any Qualifying Picture included in the Collateral or of any partnership, or joint venture. The Credit Parties will exercise their audit rights with respect to any such third party licensees, partnerships and joint ventures upon the reasonable request of the Administrative Agent to the extent that the Credit Parties shall have the right to conduct such audits. After an Event of Default has occurred and is continuing, the Administrative Agent shall have the right to exercise through any Credit Party, such Credit Party’s right to audit any obligor under an agreement with respect to any Qualifying Picture included in the Collateral.
Third Party Audit Rights. Promptly notify the Administrative Agent of, and at all times allow the Administrative Agent access to the results of, all audits conducted by any member of the Credit Group of any third party licensee, partnership or joint venture under any agreement with respect to any Item of Product included in the Collateral. The Credit Parties will exercise their audit rights with respect to any such third party licensees, partnerships and joint ventures upon the reasonable request of the Administrative Agent to the extent that the Credit Parties shall have the right to conduct such audits. After an Event of Default has occurred and is continuing, the Administrative Agent shall have the right to exercise directly or through any Credit Party, such Credit Party’s right to audit any obligor under an agreement with respect to any Item of Product included in the Collateral.
Third Party Audit Rights. On a quarterly basis notify the Administrative Agent of, and at all times allow the Administrative Agent access to the results of, all audits conducted by any Credit Party of any third party under any agreement in the Collateral, any lessee of any Mortgaged Property or of any Joint Venture. The Credit Parties will use commercially reasonable efforts to exercise their audit rights with respect to any such third parties, lessees and Joint Ventures upon the reasonable request of the Administrative Agent to the extent that the applicable Credit Party shall have the right to conduct such audits.
Third Party Audit Rights. Promptly notify the Lender of, and allow the Lender access to the results of, all audits conducted by any Credit Party of any third party licensee, partnership and joint venture under any agreement with respect to any item of Product included in the Collateral. The Credit Parties will exercise their audit rights with respect to any third party licensees, partnerships and joint ventures under any agreement with respect to an item of Product included in the Collateral upon the reasonable written request of the Lender, to the extent such rights are available to the Credit Parties; provided, that so long as an Event of Default has not occurred and is continuing, the Lender shall be entitled to cause the Credit Parties to exercise such audit rights no more than once per year. After an Event of Default has occurred and is continuing, the Lender shall have the right to exercise through any Credit Party such Credit Party's right to audit any obligor under an agreement with respect to any item of Product included in the Collateral.
Third Party Audit Rights. Vendor shall have an independent review, by internal or external auditors, of administrative, physical and technical safeguards and technological mechanisms comprising its security risk management program no less than annually, in accordance with current industry standards and shall cure such deficiencies in a timely manner. Vendor shall provide University with a copy of such reports, at University’s request.
Third Party Audit Rights. Promptly notify the Administrative Agent of, and allow the Administrative Agent access to the results of, all audits conducted by any Credit Party of any third party licensee under any agreement with respect to any item of Product included in the Collateral, or of any partnership or joint venture. The Credit Parties will exercise their audit rights with respect to any third party licensees, partnerships and joint ventures upon the reasonable request of the Administrative Agent. After an Event of Default has occurred and is continuing, the Administrative Agent shall have the right to exercise through any Credit Party such Credit Party’s right to audit any obligor under an agreement with such Credit Party with respect to any item of Product included in the Collateral.
Third Party Audit Rights. Promptly notify the ------------------------ Administrative Agent of, and allow the Administrative Agent access to the results of, all audits conducted by the Borrower of any third party licensee, partnership and joint venture under any agreement with respect to any Declared Qualifying Picture included in the Collateral. The Borrower will exercise its audit rights with respect to any third party licensees, partnerships and joint ventures under any agreement with respect to the Declared Qualifying Picture included in the Collateral upon the reasonable request of the Administrative Agent. If the Administrative Agent shall have the right to exercise, through the Borrower, the Borrower's right to audit any obligor under an agreement with respect to any Picture included in the Collateral.
Third Party Audit Rights. Allow the Lender, subject to Section 13.18, access to the results of all audits conducted by any Theatre Direct Company of any third party licensee, any partnership in which a Theatre Direct Company is a partner or Joint Venture in which a Theatre Direct Company is an owner. When an Event of Default has occurred and is continuing, the Theatre Direct Companies shall, promptly upon written request of the Lender, exercise such Theatre Direct Company’s right to audit such third party licensee, partnership or joint ventures; provided, that if any such Theatre Direct Company fails to exercise such right within ten (10) Business Days of such request, Lender may, and hereby is authorized to, exercise such audit rights directly on the Theatre Direct Company’s behalf to the extent such rights are available to a Theatre Direct Company.
Third Party Audit Rights. (a) The applicable Credit Party shall promptly notify the Agent of, and at all times allow the Agent or its designee access to the results of, all audits conducted by (i) any Credit Party of any third party licensee, partnership, or joint venture, or (ii) any contract counterparty of any Credit Party, in each case, pertaining to the Collateral. Upon the reasonable request of the Agent, and, so long as no Event of Default has occurred and is continuing, with the consent of the Borrowers (not to be unreasonably withheld, conditioned or delayed), to the extent that the Credit Parties shall have the right to conduct such audits, the Credit Parties will exercise their audit rights with respect to any such third party licensees, partnerships and joint ventures. If an Event of Default shall have occurred and be continuing, the Agent shall have the right to exercise directly such Credit Party’s audit rights under any agreement with respect to any Program included in the Collateral.
(b) The Agent may demand specific performance of the Credit Parties’ obligations under this Section 4.14. The Credit Parties waive any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action brought by the Agent with respect to this Section.
