Common use of Applicable Laws and Applicable Permits Clause in Contracts

Applicable Laws and Applicable Permits. The Concessionaire shall provide 2 (two) copies of its balance sheet, cash flow statement and profit and loss account, along with a report thereon by its Statutory Auditors, within 90 (ninety) days of the close of the Accounting Year to which they pertain. The Authority shall have the right to inspect the records of the Concessionaire during office hours and require copies of relevant extracts of books of accounts, duly certified by the Statutory Auditors, to be provided to the Authority for verification of basis of payments, and in the event of any discrepancy or error being found, the same shall be rectified [and such rectified account shall form the basis of payments by either Party under this Agreement].

Applicable Laws and Applicable Permits. The Concessionaire shall provide 2 (two2(two) copies of its balance sheetBalance Sheet, cash flow statement and profit Profit and loss accountLoss Account, along with a report thereon by its Statutory Auditors, Auditors (“Statutory Auditor”) within 90 (ninety) days of the close of the Accounting Year to which they pertainpertain and such audited accounts, save and except where expressly provided to the contrary, shall form the basis of payments by either Party under this Agreement. The Authority shall have the a right to inspect the records of the Concessionaire during office hours and require copies of relevant extracts of books of accounts, duly certified by the Statutory Auditors, to be provided to the Authority for verification of basis of payments, and in the event of any discrepancy or error being found, the same shall be rectified [and such rectified account shall form the basis of payments by either Party under this Agreement].

Applicable Laws and Applicable Permits. The Concessionaire shall provide 2 (two2(two) copies of its balance sheetBalance Sheet, cash flow statement and profit and loss account, along with a report thereon by its Statutory Auditors, within 90 (ninety60(sixty) days of the close of the Accounting Year to which they pertainpertain and such audited accounts shall form the basis of payments of either party under this Agreement. The Authority MPRDC shall have the a right to inspect the records of the Concessionaire during office hours and require copies of relevant extracts of books of accounts, duly certified by the Statutory Auditors, to be provided to the Authority MPRDC for verification of basis of payments, and in the event of any discrepancy or error being found, the same shall be rectified [and such rectified account shall form the basis of payments by either Party under this Agreement].

Applicable Laws and Applicable Permits. The Concessionaire shall provide 2 (two) copies of its balance sheet, cash flow statement and profit and loss account, along with a report thereon by its Statutory Auditors, within 90 (ninety) days of the close of the Accounting Financial Year to which they pertain. The Authority shall have the right to inspect the records of the Concessionaire during office hours and require copies of relevant extracts of books of accounts, duly certified by the Statutory Auditors, to be provided to the Authority for verification of basis of payments, and in the event of any discrepancy or error being found, the same shall be rectified [and such rectified account shall form the basis of payments by either Party under this Agreement].