Common use of Remedy for Failure to Comply Clause in Contracts

Remedy for Failure to Comply. If FAF reasonably determines that LAC is not for any reason fulfilling its obligations under Section 4.3(a), or if LAC reasonably determines that FAF is not for any reason fulfilling its obligations under Section 4.3(b), then FAF or LAC, as the case may be, shall have the right to appoint, at the expense of the other, an independent entity such as a nationally recognized public accounting firm to assist the other in meeting its obligations under this Section 4.

Appears in 2 contracts

Sources: Tax Sharing Agreement (Landair Corp), Tax Sharing Agreement (Landair Corp)