Common use of ACCOUNTS AND AUDIT Clause in Contracts

ACCOUNTS AND AUDIT. 7.1 Prior to the Completion Date of the Project and for three years after the period described in Article 6.2, the Proponent shall: (a) keep proper books, accounts and records of its Revenue and any contributions received and expenses incurred and paid in connection with the Project and shall keep its invoices, receipts and vouchers relating thereto; (b) keep proper and accurate records relating to the environmental impact (if any) of the Project; and (c) on demand, make available to the Minister such books, accounts, records, invoices, receipts and vouchers referred to above and permit the Minister to examine and audit and take copies and extracts from such documents. 7.2 If any discrepancy is identified between the amounts paid by Canada and the amounts actually payable under this Agreement, the appropriate adjustments shall be promptly made between the parties. If there has been an overpayment by Canada, the amount of the overpayment shall constitute a debt due to Canada and may be so recovered.

ACCOUNTS AND AUDIT. 7.1 Prior to the Completion Date of the Project and for three years after the period described in Article 6.2, the Proponent shall:; (a) keep proper books, accounts and records of its Revenue and any contributions received and expenses expense incurred and paid in connection with the Project and shall keep its invoices, receipts and vouchers relating thereto; (b) keep proper and accurate records relating to the environmental impact (if any) of the Project; and (c) on demand, make available to the Minister such books, accounts, records, invoices, receipts and vouchers referred to above and permit the Minister to examine and audit and take copies and extracts extract from such documents. 7.2 If any discrepancy is identified between the amounts paid by Canada and the amounts actually payable under this Agreement, the appropriate adjustments shall be promptly made between the parties. If there has been an overpayment by Canada, the amount of the overpayment shall constitute a debt due to Canada and may be so recovered.

ACCOUNTS AND AUDIT. 7.1 Prior to the Completion Date of the Project and for three years after the period described in Article 6.2, the Proponent shall:. (a) keep proper books, accounts and records of its Revenue and any contributions received and expenses incurred and paid in connection with the Project and shall keep its invoices, receipts and vouchers relating thereto; (b) keep proper and accurate records relating to the environmental impact (if any) of the Project; and (c) on demand, make available to the Minister such books, accounts, records, invoices, receipts and vouchers referred to above and permit the Minister to examine and audit and take copies and extracts from such documents. 7.2 If any discrepancy is identified between the amounts paid by Canada and the amounts actually payable under this Agreement, the appropriate adjustments shall be promptly made between the parties. If there has been an overpayment by Canada, the amount of the overpayment shall constitute a debt due to Canada and may be so recovered.