Common use of Third Party Audit Rights Clause in Contracts

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. On a quarterly basis, 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 licensee, partnership or joint venture under any agreement with respect to any Qualifying Picture included in the Collateral or of any partnership, or joint ventureCollateral. 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 Qualifying Picture included in the Collateral.

Third Party Audit Rights. On a quarterly basis, 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 licensee, partnership and joint venture under any agreement with respect to any Qualifying Picture item of Product included in the Collateral or of any partnership, or joint ventureCollateral. The Credit Parties will exercise their audit rights with respect to any such third party licensees, partnerships and joint ventures under any agreement with respect to an item of Product included in the Collateral upon the reasonable request of the Administrative Agent to the extent that the Credit Parties shall have the right to conduct such auditsAgent. After an Event of Default has occurred and is continuing, the Administrative Agent and/or the Collateral Agent shall have the right to exercise through any Credit Party, Party such Credit Party’s 's right to audit any obligor under an agreement with respect to any Qualifying Picture item of Product included in the Collateral.

Third Party Audit Rights. On a quarterly basis, 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 licensee, partnership and joint venture under any agreement with respect to any Qualifying Picture item of Product included in the Collateral or of any partnership, or joint ventureCollateral. The Credit Parties will exercise their audit rights with respect to any such third party licensees, partnerships and joint ventures under any agreement with respect to an item of Product included in the Collateral upon the reasonable request of the Administrative Agent to the extent that the Credit Parties shall have the right to conduct such auditsAgent. After an Event of Default has occurred and is continuing, the Administrative Agent shall have the right to exercise through any Credit Party, Party such Credit Party’s 's right to audit any obligor under an agreement with respect to any Qualifying Picture item of Product included in the Collateral.