Common use of Adjustments and Audits Clause in Contracts

Adjustments and Audits. (1) Each quarterly Statement of Exploration Activity pursuant to Article I (b) (1) of this Annex shall conclusively be presumed to be true and correct after three (3) months following the receipt of each Statement by EGPC unless within the said three (3) months EGPC takes written exception thereto pursuant to Article IV (f) of the Agreement. During the said three (3) month period supporting documents will be available for inspection by EGPC during all working hours. CONTRACTOR will have the same audit rights on Operating Company Statements as EGPC under this sub-paragraph.

Adjustments and Audits. (1) Each quarterly Statement of Exploration Activity pursuant to Article I (b) (1) of this Annex shall conclusively be presumed to be true and correct after three (3) months following the receipt of each Statement by EGPC unless within the said three (3) months EGPC takes written exception thereto pursuant to Article IV (f) of the Agreement. During the said three (3) month period supporting documents will be available for inspection by EGPC during all working hours. CONTRACTOR will have the same audit rights on Operating Company Statements as EGPC under this sub-sub- paragraph.

Adjustments and Audits. (1) Each quarterly Statement of Exploration and Development operations Activity pursuant to Article I (b) (1) of this Annex shall conclusively be presumed to be true and correct after three (3) months following the receipt of each Statement by EGPC unless within the said three (3) months EGPC takes written exception thereto pursuant to Article IV (fe) of the Agreement. During the said three (3) month period supporting documents will be available for inspection by EGPC during all working hours. CONTRACTOR will have the same audit rights on Operating Company Statements as EGPC under this sub-paragraph.