Accounting Records and Audits Sample Clauses

Accounting Records and Audits. Grantee shall comply with the following reporting requirements, which may be modified by amendment to this Agreement:
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Accounting Records and Audits. Grantee shall comply with the following reporting requirements, as amended from time to time:
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Accounting Records and Audits. (a) PhotoLynx shall submit to IWS a quarterly statement in auditable form, reporting sufficient detail to substantiate all PhotoLynx consideration received by PhotoLynx for said preceding quarter and the total amount of Percentage Payments due IWS. (b) Payment of the Percentage Payments shall be made contemporaneous with the quarterly statement. (c) Photo Lynx shall keep accurate books and records showing: all PhotoLynx consideration for each and every sale of PDI and Photo Lynx products. Books and records must be preserved for and during the term of this Agreement. (d) PhotoLynx shall, upon written request, provide access to books and records for inspection by representatives or agents of IWS at reasonable times. IWS shall bear the fees and expenses of examination except as provided in Section 3.5 below. (e) In the event the audit reveals an underpayment of fees due hereunder, Photo Lynx shall immediately pay such underpayment plus ten percent (10%) interest on the underpaid amount. If the amount of the underpayment exceeds five percent (5%) of the amount due, then the underpaying PhotoLynx shall also pay IWS all reasonable costs and expenses associated with the audit. (f) In the event that the audit reveals an underpayment of less than one percent (1 %), IWS shall pay Photo Lynx all reasonable costs and expenses associated with the audit.
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Accounting Records and Audits. 6.4.1 The Construction Manager shall keep full and detailed accounts and exercise such controls as may be necessary for proper financial management under this Contract; the accounting and control systems shall be satisfactory to the Owner. The Owner and the Owner's accountants shall be afforded access to the Construction Manager's records, books, correspondence, instructions, drawings, receipts, subcontracts, purchase orders, vouchers, memoranda, and other data relating to this Project, and the Construction Manager shall preserve these for a period of three years after final payment, or for such longer period as may be required by law. 6.4.2 As used in this clause, “records” includes books, documents, accounting procedures and practices, and other data, regardless of type and regardless of whether such items are in written form, in the form of computer data, or in any other form. In accepting any contract with the State, the Construction Manager agrees any pertinent State or Federal agency will have the right to examine and audit all records relevant to execution of the resultant contract. If an audit, litigation, or other action involving such records, are started before the end of the three-year period, the records are required to be maintained for three years from the date that all issues arising out of the action are resolved or until the end of the three-year retention period, whichever is later.
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Accounting Records and Audits. 9.1. The Recipient shall: 9.1.1. deposit and maintain the Capital Grant under a separate program code within their accounting system, separate from all other monies, unless otherwise agreed to in writing by the ASHC; 9.1.2. maintain adequate financial records relating to the Provincial Contribution and the Project. It shall keep proper books, accounts and records of the cost of the materials, services, or resources related to the Project, in accordance with GAAP, and have them available at all times during the Term of this Agreement and for 7 years after the termination or expiry of this Agreement; Initials: 9.1.3. during the Term and for 7 years after the termination or expiry of this Agreement, produce on demand to any representative of ASHC or the Auditor General of Alberta any of the financial records referred to in clause 8.1.3 and 8.1.4, and shall permit such representative to examine and audit these books, accounts, and records and take copies and extracts of them to determine if the Provincial Contribution have been properly spent and assets are adequately maintained; 9.1.4. upon request of ASHC, arrange for ASHC or its representative to have access to the Recipient’s business premises, the Project’s construction site (subject to applicable law), and to any other sites connected to the performance of this Agreement in order for ASHC to verify progress of the Project and compliance with the terms and conditions of this Agreement; and 9.1.5. subject to any applicable laws, the Recipient shall provide ASHC with access to or copies of any data or information acquired, collected, or produced under this Agreement. 9.2. The Recipient shall cooperate with ASHC in the conduct of any evaluation or audit or inspection of the Project during or after the Term of this Agreement. 9.2.1. Notwithstanding anything to the contrary contained herein, ASHC may withhold any further payments of Capital Grant that would otherwise be payable to the Recipient until such time as the issues arising from the audit are resolved to ASHC’s satisfaction, up to and including final resolution of disputes through a legal process. 9.3. Upon completion of the Project, the Parties will jointly carry out a final reconciliation of all claims and payments in respect of the Project and make any adjustments required in the circumstances. 9.4. This Section 9 shall survive the termination or expiration of this Agreement.
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Accounting Records and Audits. Concessionaire shall maintain during the term of this Agreement all books of account and records for the Airport business location customarily used in this type of business operation, in conformity with generally accepted accounting principles, and for such period of time thereafter as provided herein, unless otherwise approved by the City. The City or its authorized representative shall be permitted to audit and examine all such books of account and records at any time during normal business hours, including federal and state tax returns relating to Concessionaire's operations hereunder and including franchisee/licensee records and audits of all business transactions and records of sale at any business locations of Concessionaire within the City. Concessionaire agrees that records and instruments will be available to the City for at least two (2) years after the close of the agreement term. Concessionaire shall maintain a record of each rental agreement written at the Airport, including a copy of each original agreement signed by Concessionaire’s customer. The rental agreement shall be identified to indicate that the Airport is the originating location. Accountability for the numerical sequence of contracts issued and unissued shall be maintained. Accounting records of Concessionaire shall be stored sequentially, or in such other manner approved by the Airport, to provide reasonable and expeditious access for audit purposes hereunder.
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Accounting Records and Audits. Seller shall maintain a complete set of accounting records associated with this Agreement. Accounting records shall be in a format that conforms to generally accepted accounting principles and practices. Until the later of five (5) years [CONFIRM AUDIT PERIOD IS EQUAL TO OR LONGER THAN THE PERIOD IN THE PRIME AGREEMENT; IF THE PRIME AGREEMENT HAS A LONGER AUDIT PERIOD, THEN INSERT THAT TIME PERIOD IN LIEU OF THE FIVE (5) YEARS] after the expiration of the Warranty Period or the resolution of any dispute arising out of this Agreement, Contractor and Owner shall, at all reasonable times, be afforded the opportunity to inspect and/or audit Seller’s records.
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Accounting Records and Audits 
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Related to Accounting Records and Audits

  • Records and Audits The Contractor shall maintain accounts and records, including personnel, property, and financial records, adequate to identify and account for all costs pertaining to the Contract and such other records as may be deemed necessary by the City to assure proper accounting for all project funds. These records will be made available for audit purposes to the City or any authorized representative, and will be retained for three years after the expiration of this Contract.

  • FINANCIAL RECORDS AND AUDIT Seller shall retain all financial records and documents pertaining to the Goods for a period of no less than three years after final payment. Such records and documents shall date back to the time this Contract was issued and shall include without limitation, catalogs, price lists, invoices, underlying data and basis for cost estimates, and inventory records. Buyer shall have the right to examine, reproduce and audit all Seller records related to pricing, incurred costs and proposed costs associated with any proposals (prior to or after contract award), invoices or claims.

  • Accounting Records Maintain adequate books and records in accordance with generally accepted accounting principles consistently applied, and permit any representative of Bank, at any reasonable time, to inspect, audit and examine such books and records, to make copies of the same, and to inspect the properties of Borrower.

  • Books and Records; Inspection and Audit Rights Each of Holdings and the Borrower will, and will cause each Restricted Subsidiary to, maintain proper books of record and account in which entries that are full, true and correct in all material respects and are in conformity with GAAP consistently applied shall be made of all material financial transactions and matters involving the assets and business of Holdings, the Borrower or its Restricted Subsidiary, as the case may be. Each of Holdings and the Borrower will, and will cause each Restricted Subsidiary to, permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often as reasonably requested; provided that, excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may exercise visitation and inspection rights of the Administrative Agent and the Lenders under this Section 5.08 and the Administrative Agent shall not exercise such rights more often than two times during any calendar year absent the existence of an Event of Default and only one such time shall be at the Borrower’s expense; provided further that (a) when an Event of Default exists, the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon reasonable advance notice and (b) the Administrative Agent and the Lenders shall give Holdings and the Borrower the opportunity to participate in any discussions with Holdings’ or the Borrower’s independent public accountants.

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