Common use of Analysis of Accounts Clause in Contracts

Analysis of Accounts. The Agent shall have the right to make test verifications of the Accounts in any manner and through any medium that it reasonably considers advisable, and the Grantor shall furnish all such assistance and information as the Agent may require in connection therewith; PROVIDED that the Agent shall use its reasonable efforts to minimize any disruption of the Grantor's business resulting from such verifications. At any time and from time to time if the Agent concludes in its reasonable judgment, based upon its evaluation of the general creditworthiness of the Grantor, that such examination is required, and so requests, the Grantor shall, at the Grantor's expense if at any time after the occurrence and during the continuance of an Event of Default, and otherwise at the Agent's expense, cause independent public accountants or other parties that are not Affiliates of the Grantor and are satisfactory to the Agent to furnish to the Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts.

Appears in 2 contracts

Samples: Subsidiary Security Agreement (Oro Spanish Broadcasting Inc), Subsidiary Security Agreement (Oro Spanish Broadcasting Inc)

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Analysis of Accounts. The Agent shall have the right to make test verifications of the Accounts in any manner and through any medium that it reasonably considers advisable, and the Grantor shall furnish all such assistance and information as the Agent may require in connection therewith; PROVIDED provided, that the Agent shall use its reasonable efforts to minimize any disruption of the Grantor's business resulting from such verifications. At any time and from time to time time, if the Agent concludes in its reasonable judgment, based upon its evaluation of the general creditworthiness of the Grantor, that such examination is required, and so requests, the Grantor shall, at the Grantor's expense if at any time after the occurrence and during the continuance of an Event of Default, and otherwise at the Agent's expense, cause independent public accountants or other parties that are not Affiliates of the Grantor and are satisfactory to the Agent to furnish to the Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts.

Appears in 1 contract

Samples: Pledge Agreement (Oro Spanish Broadcasting Inc)

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Analysis of Accounts. The Agent shall have the right to make test verifications of the Accounts in any manner and through any medium that it reasonably considers advisable, and the Grantor shall furnish all such assistance and information as the Agent may require in connection therewith; PROVIDED provided that the Agent shall use its reasonable efforts to minimize any disruption of the Grantor's business resulting from such verifications. At any time and from time to time if the Agent concludes in its reasonable judgment, based upon its evaluation of the general creditworthiness of the Grantor, that such examination is required, and so requests, the Grantor shall, at the Grantor's expense if at any time after the occurrence and during the continuance of an Event of Default, and otherwise at the Agent's expense, cause independent public accountants or other parties that are not Affiliates of the Grantor and are satisfactory to the Agent to furnish to the Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts.

Appears in 1 contract

Samples: Pledge Agreement (Oro Spanish Broadcasting Inc)

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