Common use of Audit by State and Federal Agencies Clause in Contracts

Audit by State and Federal Agencies. In the event this Agreement or the HOME Loan is subjected to audit, monitoring or other inspections by appropriate state and federal agencies, Borrower shall comply with such inspections and pay on behalf of itself and Commission the full amount of the cost to the inspecting agency which results from such inspections, if any unless such inspection and any resulting liability arises solely from the gross negligence or willful misconduct of Commission.

Audit by State and Federal Agencies. In the event this Agreement or the HOME Loan is subjected to audit, monitoring or other inspections by appropriate state and federal agencies, Borrower shall comply with such inspections and pay pay, on behalf of itself and Commission the Commission, the full amount of the cost liability to the inspecting agency which results resulting from such inspections, if any any, unless such inspection and any resulting liability arises solely from the gross negligence or willful misconduct of the Commission.

Audit by State and Federal Agencies. In Borrower agrees that in the event this Agreement or the HOME Loan is subjected to audit, monitoring or other inspections by appropriate state and federal agenciesagencies (collectively, Borrower “Inspections”), it shall comply be responsible for complying with such inspections Inspections and pay paying, on behalf of itself and Commission COUNTY, the full amount of the cost liability to the inspecting funding agency which results resulting from such inspectionsInspections, if any unless such inspection Inspections and any resulting liability arises solely from the gross negligence or willful misconduct of CommissionCOUNTY.