Results of Operational Audit and/or Security Assessment Sample Clauses

Results of Operational Audit and/or Security Assessment. If any audit or security assessment pursuant to this section reveals an inadequacy or insufficiency of Service Provider’s security, confidentiality, privacy practices and standards, disaster recovery capabilities, or fail- over planning or ineffectiveness of internal controls such that Service Provider is not in compliance with its obligations hereunder, then Service Provider will promptly (within [*] days) develop and provide to Sprint a corrective action plan, such plan to be reasonably satisfactory to Sprint, and promptly (within [*] days) thereafter implement such plan at Service Provider’s sole cost and expense. In such event until such specific issue is resolved to Sprint’s reasonable satisfaction, Sprint may perform one or more additional follow up audits and/or security assessments to verify performance under the corrective action plan (and to examine any areas potentially affected by such action plan) without regard to the once-per-year limitation set forth in this section. Sprint agrees that the results of any audit and/or security assessments will be considered Confidential Information.

Related to Results of Operational Audit and/or Security Assessment

  • Statement of Operations Statement of Changes in Net Assets.

  • SUSPENSION OF OPERATIONS Concessionaire shall, at the direction of Department, immediately suspend, delay or interrupt Concessionaire’s operation of all or any part of the Concession Premises for such period of time as Department may determine to be appropriate to protect the Concession Premises and/or public health, safety, and welfare due to the occurrence of hazardous work conditions, emergency conditions, and/or any other cause including, but not limited to, Concessionaire's failure to perform any of the covenants, agreements, and conditions contained in this Agreement on its part to be performed. Concessionaire hereby waives any claim, and Department shall not be liable to any party claiming through Concessionaire, for damages, payment abatement, or compensation as a result of Department's actions under this Paragraph or this Agreement. Department's suspension of Concessionaire's operations shall be in addition to any other right or remedy available by law or in equity.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including: 1. Pursuant to the Corporate Accountability for Tax Expenditures Act, 20 ILCS 715, et seq., a discontinuance of operations at the Project during the five-year period after the beginning of the first Taxable Year for which the Department issues a Certificate of Verification shall result in all Credits taken by the Company during such five-year period being deemed Wrongfully Exempted Illinois State Income Taxes and shall subject said Wrongfully Exempted Illinois State Income Taxes to the forfeiture provisions of Section VIII.D hereof. 2. Pursuant to Section 5-65 of the Act, discontinuance by the Company of operations at the Project during the term of this Agreement with the intent to terminate operations in the State of Illinois shall result in all Credits taken by the Company being deemed Wrongfully Exempted Illinois State Income Taxes and shall subject said Wrongfully Exempted Illinois State Income Taxes to the forfeiture provisions of Section VIII.D hereof.

  • Investigation of Financial Condition Without in any manner reducing or otherwise mitigating the representations contained herein, Company shall have the opportunity to meet with Buyer's accountants and attorneys to discuss the financial condition of Buyer. Buyer shall make available to Company all books and records of Buyer.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts