Common use of Annual or Interim Audit Report for non-compliance Clause in Contracts

Annual or Interim Audit Report for non-compliance. If either the Annual Audit Report or an Interim Audit Report states that the Retailer has not met the requirements set out in clause 30.1(b), then the Retailer will: (a) as soon as possible agree with the Auditor the remedial action to be taken and take such steps (including providing the Auditor with access to the books of account, records and systems of the Retailer following the remedial action being taken) as are necessary to ensure that the Auditors are able to deliver, and procure that the Auditors deliver, an Interim Audit Report to the Distributor stating that the Retailer is complying in all material respects with the terms of this agreement; and (b) bear the costs of the Auditors incurred in relation to clause 30.4 and this clause 30.5.

Annual or Interim Audit Report for non-compliance. If either the Annual Audit Report or an Interim Audit Report states that the Retailer has not met the requirements set out in clause 30.1(b19.1(b), then the Retailer will: (a) as soon as possible agree with the Auditor the remedial action to be taken and take such steps (including providing the Auditor with access to the books of account, records and systems of the Retailer following the remedial action being taken) as are necessary to ensure that the Auditors are able to deliver, and procure that the Auditors deliver, an Interim Audit Report to the Distributor stating that the Retailer is complying in all material respects with the terms of this agreement; and (b) bear the costs of the Auditors incurred in relation to clause 30.4 19.6 and this clause 30.519.7.

Annual or Interim Audit Report for non-compliance. If either the Annual Audit Report or an Interim Audit Report states that the Retailer has not met the requirements set out in clause 30.1(b19.1(b), then the Retailer will: (a) as soon as possible agree with the Auditor the remedial action to be taken and take such steps (including providing the Auditor with access to the books of account, records and systems of the Retailer following the remedial action being taken) as are necessary to ensure that the Auditors are able to deliver, and procure that the Auditors deliver, an Interim Audit Report to the Distributor stating that the Retailer is complying in all material respects with the terms of this agreement; and (b) bear the costs of the Auditors incurred in relation to clause 30.4 19.4 and this clause 30.519.5.