Common use of Audit Adjustment Clause in Contracts

Audit Adjustment. Any payment made under the Subcontract will be subject to retroactive reduction for amounts included therein which are found by DOEE, on the basis of any audit of VEIC or Subcontractor by an agency of the United States or the District, not to constitute an allowable charge or cost hereunder.

Audit Adjustment. Any payment made under the Subcontract will be subject to retroactive reduction for amounts included therein which are found by DOEE, DOEE on the basis of any audit of VEIC or Subcontractor by an agency of the United States or the District, District not to constitute an allowable charge or cost hereunder.