Audit and Reporting Sample Clauses
The Audit and Reporting clause establishes the right of one party to review and verify the records, accounts, or activities of the other party to ensure compliance with the agreement. Typically, this clause outlines the scope of information subject to audit, the frequency or timing of audits, and the procedures for reporting findings, such as requiring regular financial statements or access to supporting documentation. Its core practical function is to promote transparency and accountability, helping to detect errors, prevent fraud, and ensure that contractual obligations are being met.
Audit and Reporting i. If Seller elects Letters of Direction (“LODs”) pursuant to the Administration Election above (or if LODs are required under the “Change in Ownership; Sale of Fund” section below), Seller shall execute and maintain irrevocable letters of direction (“LOD”), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.
ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction (“LODs”) pursuant to the Administration Election above (or if LODs are required under the “Change in Ownership; Sale of Fund” section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest’s written instructions for same. In the event Seller conducts an audit of any of Distributor’s or Artist’s (or other distributor’s, publishers, PRO’s or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller’s actual, verifiable costs in conducting such audit or claim). Upon S▇▇▇▇▇▇▇’s request therefor and subject to SongVest covering the costs thereof, S▇▇▇▇▇ agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor’s or Artist’s books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpaym...
Audit and Reporting. A. In addition to our audit rights and your obligations set forth in the Compliance, Record-keeping and Audit section of the Hewlett Packard Enterprise Partner Agreement, you will keep records of the Product names, model numbers, serial numbers, and the location where the Products are installed. On our first demand, you shall immediately provide to us any appropriate documentation necessary, proof that you did not transfer title to the Products or the license or other right to use Software. Upon our reasonable request, you will provide us a report listing the foregoing information and any other information regarding the Products purchased under this Addendum for the period requested. Our right to audit your Records pertaining to your purchases made under this Addendum and our right to verify your compliance with this Addendum will include the period beginning four (4) years prior to the audit date.
B. All sales you report to us under the Program will indicate “Partner Internal Purposes Program” or “▇▇▇▇” as the sell-to customer and your address as the ship-to address. Any sales made outside the scope of the Program will be considered a violation of the terms and conditions of this Addendum and may result in the termination of this Addendum and/or the HEWLETT PACKARD ENTERPRISE Partner Agreement in addition to other remedies available to HEWLETT PACKARD ENTERPRISE.
Audit and Reporting. A. In addition to our audit rights and your obligations set forth in the Compliance, Record-keeping and Audit section of the HPE Partner Agreement, you will keep records of the Product names, model numbers, serial numbers, and the location where the Products are installed, in addition to all relevant records relating to Customers to whom you have delivered services under this Program. On our first demand, you shall immediately provide to us by any appropriate documentation necessary, proof that you did not transfer title to the Products or the license or other right to use Software. Upon our reasonable request, you will provide us a report listing the foregoing information and any other information regarding the Products purchased under this Addendum for the period requested and the services you have provided to your third-party Customers. Our right to audit your Records pertaining to your purchases made under this Addendum and our right to verify your compliance with this Addendum will include the period beginning four (4) years prior to the audit date.
B. You will not resell any Product purchased under this Addendum within two (2) years from the date of your purchase of the Product. All sales you report to us under the Program will indicate the sell-to customer and your address as the ship-to address. Any sales made or services provided outside the scope of the Program will be considered a violation of the terms and conditions of this Addendum and may result in the termination of this Addendum and/or the HPE Partner Agreement in addition to other remedies available to HPE.
Audit and Reporting. (a) The General Partner shall prepare and deliver, or cause to be prepared and delivered, to each Partner within forty-five (45) days after the end of each Fiscal Year, a report as of the end of such Fiscal Year prepared in conformity with accounting principles generally accepted in the United States and consistently applied, setting forth (i) a balance sheet of the Partnership (that will include appropriate footnote disclosure) as of the end of such Fiscal Year, (ii) an income statement for such Fiscal Year and (iii) statements of changes in Partners’ capital and changes in financial position. The annual financial statements referred to in this Section 8.2(a) shall be audited by a nationally recognized accounting firm in accordance with generally accepted auditing standards in the United States and consistently applied, and such accounting firm’s report thereon shall accompany the annual financial statements delivered to each Partner; provided, that the General Partner shall endeavor to provide such audited financial statements within the period stated above, but will not be considered to have breached this Section 8.2(a) if it fails to do so; provided, that the General Partner (A) is diligently working to produce audited financial statements within such timeframe or as promptly thereafter as practicable, (B) provides unaudited financial statements within such forty-five (45) day period and (C) provides such audited financial statements as soon as practicable following such date but in any event no later than ninety (90) days after the end of such Fiscal Year.
(b) After the end of each Fiscal Year, the General Partner shall prepare and deliver, or cause to be prepared and delivered, within forty-five (45) days of the close of such Fiscal Year, a report setting forth in sufficient detail such transactions effected by the Partnership during such Fiscal Year as shall enable each Partner to prepare its U.S. federal income tax return and shall mail such report to (i) each Partner and (ii) each former Partner (or its successor or legal representative) who may require such information in preparing its U.S. federal income tax return.
(c) The General Partner shall prepare and deliver, or cause to be prepared and delivered, to the Partners final versions of the following not later than forty-five (45) days after the end of each of the first three Fiscal Quarters of each Fiscal Year:
(i) An unaudited report setting forth as of the end of such fiscal quarter (i) a ba...
Audit and Reporting. Dassault Systemes shall, for two years following each transaction that is subject to royalty payments pursuant to Section 5.1, keep true and accurate records and books of account of such transaction containing all particulars which may be necessary for the purpose of auditing payments to PlanetCAD under this Agreement. During such two year period, and upon reasonable notice to Dassault Systemes, PlanetCAD shall have the right to have an audit conducted through a licensed independent accounting firm, of any bill▇▇▇▇, ▇▇llections, and taxes on such itemized statement, and to examine the records and books of account of Dassault Systemes in connection therewith. Dassault Systemes will bear the costs of such audit if a discrepancy or error of computation in an amount greater than USD 10,000 in favor of PlanetCAD is identified. Any audit conducted pursuant to this Section 5.6 shall not be conducted in such a manner as to unreasonably interfere with the Dassault Systemes' operations and in no event shall an audit be conducted more frequently than once each year.
Audit and Reporting. (a) The Operator must and must ensure that its Associates:
(i) comply with the Verification Methodology;
(ii) have auditable systems in place to record:
(A) the number of Containers collected at each Operator RVM and the number of Containers by Material Type;
(B) the number of Excluded Containers collected at each Operator RVM;
(C) in respect of Advanced Sorting RVMs, the number of Containers sorted at each Operator RVM by Material Type; and
(D) the number of Containers transported from each Operator RVM (and in respect of Advanced Sorting RVMs, number of Containers by Material Type) for recycling and processing in accordance with clause 7.6;
(iii) (without limiting the requirement for the Operator to comply with all Statutory Requirements) comply with its obligations under the Act or Regulations to keep and maintain statutory declarations prescribed by the Regulations;
(iv) provide such information as the Principal reasonably requires, at such times as the Principal reasonably requires, in order for the Principal to comply with its reporting obligations under Statutory Requirements;
(v) cooperate with, and provide access to, the Principal (or an Associate of the Principal as notified to the Operator by the Principal from time to time) and the State so as to allow the Principal, its Associate and the State to (upon providing reasonable notice to the Operator) undertake any audit or review of the performance of the Services under this Agreement;
(vi) provide the Principal with reports and statutory declarations on collection material data, as specified in the Services Specification, including reports on the items listed in clauses 11.1(a)(ii)(A) to 11.1(a)(ii)(D) (inclusive);
(vii) provide the Principal and any auditor engaged by or on behalf of the Principal with all information, documents and access to premises reasonably requested by the Principal or the auditor with respect to the Services and the Operator's obligations under this Agreement;
(viii) cooperate with and provide any assistance to any auditor engaged by or on behalf of the Principal for the purposes of undertaking an audit or review of the Services and the Operator's compliance with its obligations under this Agreement;
(ix) cooperate with and provide any assistance to any auditor engaged by or on behalf of the Principal for the purposes of undertaking any procedures in accordance with the Verification Methodology;
(x) cooperate with and provide any assistance to any auditor engaged by or on...
Audit and Reporting. Each Data Recipient must conduct annual self-audits to ensure compliance with these Information Security Requirements and its internal information security and privacy policies and, upon request, shall provide a copy of the latest report for such audits to the Data Provider.
Audit and Reporting. On or before the expiration of 60 days after December 31, 20022006, and within 60 days after each succeeding 12-month period during the balance of the term that this lease shall be in force, the City may conduct a certified audit of the financial operations of the preceding accounting period in accordance with generally accepted auditing standards prepared by a Certified Public Accountant. The certified audit will be funded by the City. If the lease is terminated as provided in Section 24 of this agreement, the City may conduct within 60 days a certified audit of the financial operations of the preceding accounting period in accordance with generally accepted auditing standards prepared by a Certified Public Accountant, for the period that has elapsed since the end date of the last audit; provided further that within 30 days following the termination of this lease agreement, whether by election of either party or at the end of the term defined in Section 1 hereof, the Lessee will pay to the City a sum equal to the percentage of the gross annual receipts as have accrued to the Lessee for said period; provided further that the City reserves the right to independently audit Lessee's financial statements from which the City is remitted a portion thereof as its lawful consideration for this agreement. The Lessee shall submit within 60 days of the end of each year, a financial statement acceptable to the City’s Finance Department.
Audit and Reporting. For systems or applications associated with the access, processing, storage, communication and/or transmission of Confidential Customer Data, RingCentral generates audit logs.
Audit and Reporting. For systems or applications associated with the access, processing, storage, communication and/or transmission of Confidential Information, the Service Provider will generate audit logs for actual or attempted incidents of unauthorized use, access, disclosure, theft or manipulation of the Confidential Information or any Security Breach involving Confidential Information. Service Provider must generate audit logs with respect to the Confidential Information. The Service Provider must review the audit logs with respect to the Confidential Information in accordance with the Service Provider’s information security policies or at least monthly and must maintain adequate records of the review of such audit logs for purposes of audit or other applicable legal or regulatory requirements. Audit logs will be maintained in accordance with the Service Provider’s record retention obligations and must be provided to Box upon request in the event of a Security Breach of Confidential Information. In the event that Service Provider’s review of the audit logs applicable to Confidential Information reveals reasonable evidence of any unauthorized use, access, disclosure, theft, manipulation, reproduction and/or Security Breach, the Service Provider must promptly notify Box in accordance with the terms of the Lease.