Common use of Remedy for Failure to Comply Clause in Contracts

Remedy for Failure to Comply. If Company reasonably determines that Offshore or DeepFlex is not for any reason fulfilling its obligations under Section 5.05(a), or if Offshore or DeepFlex reasonably determines that Company is not for any reason fulfilling its obligations under Section 5.05(b), then Company, Offshore or DeepFlex, 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 5.05. Such entity shall have complete access to all books, records and information, and the complete cooperation of all officers and employees, of Offshore, DeepFlex or Company, as the case may be.