Common use of Accounting/Records/Audits Clause in Contracts

Accounting/Records/Audits. With respect to Permittee’s operations within the scope of this Agreement, Permittee shall keep true and accurate records, accounts, books and data, which shall, among other things, show all passenger pick-ups and drop-offs made and services performed for cash, or credit, or otherwise, without regard to whether paid or not, and also, the gross receipts of said operation under this Agreement. Permittee agrees to operate its business so that a record of each passenger pick-up and drop-off is made for Airport operations. Permittee further agrees to keep its books and records in accordance with generally accepted accounting principles. All Permittee’s books in relation to the operations at the Airport shall be open for inspection by authorized representatives of the Authority at reasonable times during business hours, upon request. Permittee shall maintain such records for three (3) years after the end of the term of this Agreement.

Accounting/Records/Audits. With respect to Permittee’s operations within the scope of this Agreement, Permittee shall keep true and accurate records, accounts, books and data, which shall, among other things, show all passenger pick-ups and drop-offs made and services performed for cash, or credit, or otherwise, without regard to whether paid or not, and also, the gross receipts of said operation under this Agreement. Permittee agrees to operate its business so that a record of each passenger pick-up and drop-off is made for Airport operations. Permittee further agrees to keep its books and records in accordance with generally accepted accounting principles. All Permittee’s books in relation to the operations at the Airport shall be open for inspection by authorized representatives of the Authority at reasonable times during business hours, upon request. Permittee shall maintain such records for three (3) years after the end of the term of this Agreement.