Common use of Verification and Testing Clause in Contracts

Verification and Testing. Licensee may appoint either (a) an independent firm of certified public accountants of national reputation (which shall certify for the benefit of Licensors that it does not, and does not intend to, conduct business in competition with Licensors) or (b) an independent, professional computer-programming consultant mutually agreeable to Licensors and Licensee, to inspect, compile, test, and review the Deposit (subject to appropriate undertakings of confidentiality and restrictions on subsequent use or disclosure) at any time, and Escrow Agent shall permit such inspections and testing promptly upon request. Except as otherwise authorized by Licensors (which authorization will not be unreasonably withheld), such inspections and testing shall be conducted at the principal offices of the Escrow Agent.

Verification and Testing. Licensee may appoint either (a) an independent firm of certified public accountants of national reputation (which shall certify for the benefit of Licensors that it does not, and does not intend to, conduct business in competition with Licensors) or (b) an independent, professional computer-programming consultant mutually agreeable to Licensors and Licensee, to inspect, compile, test, and review the Deposit (subject to appropriate undertakings of confidentiality and restrictions on subsequent use or disclosure) at any time, and Escrow Agent shall permit such inspections and testing promptly upon request. Except as otherwise authorized by Licensors (which authorization will not no be unreasonably withheld), such inspections and testing shall be conducted at the principal offices of the Escrow Agent.