We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Audit Cost Sample Clauses

Audit CostThe Recipient will bear its cost of participating in any audit (e.g., mailing or travel expenses). The Energy Commission will bear the cost of conducting the audit unless the audit reveals an error detrimental to the Energy Commission that exceeds more than ten percent (10%) or $5,000 (whichever is greater) of the amount audited. The Recipient will pay the refund as specified in subsection (d), and will reimburse the Energy Commission for reasonable costs and expenses incurred by the Commission in conducting the audit.
Audit Cost. The full cost of each CITY audit shall be borne by CITY, unless one or both of the following conditions exists, in which case LESSEE shall reimburse CITY for all costs of the audit: (a) If an audit reveals an underpayment of rent of more than five percent (5%) on an annual basis, calculated as the difference between the rent reported as payable by LESSEE and the rent payable as determined by the audit; or (b) LESSEE failed to maintain true, accurate, and complete books, records, accounts, and supporting source documents as required by this Lease. Any rent deficiency determined by the audit shall be delinquent rent, subject to all penalties and remedies provided to CITY for delinquent rent under this Lease. CITY shall credit any overpayment determined by the audit, without interest, against future rents due under this Lease. If no future rents are then due under this Lease, CITY shall refund to LESSEE any overpayment determined by the audit, without interest, within sixty (60) days after CITY's certification of the audit.
Audit Cost. The full cost of CITY’S audit(s) will be borne by CITY unless one or both of the following conditions exists, in which case LESSEE hereby agrees to pay CITY’S cost of audit(s): (1) The audit(s) reveal an underpayment of more than five percent (5%) or more than $10,000, whichever is less, between the rent due as reported and paid by LESSEE pursuant to this Lease and rent due as determined by the audit(s); or (2) LESSEE has failed to maintain complete and true books, records, accounts, and supporting source documents in strict accordance with this section hereof. LESSEE shall pay any deficiency determined by the audit(s) plus interest on such amount as defined in Section3.5, Delinquent Rent and Audit Fees, hereof, within thirty (30) days of notice thereof by CITY. CITY will credit any overpayment against incoming rents. Any overpayment determined after the end of this Lease will be refunded by CITY within thirty (30) days of confirmation by the Mayor of the audit(s) findings.
Audit Cost. Audit Cost" shall mean, (i) if the audit is performed by independent certified public accountants, the cost, including reasonable expenses billed by such certified public accountants to the auditing party for such audit; or (ii) if the audit is performed by employees of the auditing party, all reasonable expenses incurred during the course of such audit plus a reasonable allocation of each such employee's salary reflecting the time spent on the audit.
Audit Cost. Recipients may be eligible to receive the OHCRIF funds for their institution to conduct an audit if Funds received total $100,000 or more.
Audit CostCost of the single audit can only be charged to this Agreement if there is a provision within this Agreement that allows payment for the single audit cost. No audit cost may be charged to this Agreement if the Subcontractor is not required by federal requirements to have a single audit. No audit costs may be charged to MFF when audits required by this Agreement have not been performed or have not been performed in accordance with OMB Circular A-­‐ 133 requirements. Late submission (as defined in OMB Circular A-­‐133) of the single audit report and/or audit transmittal letter is considered non-­‐compliance with this section and may be grounds to impose sanctions.
AutoNDA by SimpleDocs
Audit Cost. A municipality that contracts for services with a volunteer fire department may pay the cost of an examination or investigation of the volunteer fire department under this chapter. IC 5-11-4-3
Audit Cost. Lessor may cause an annual audit of Lessee's books and records to be made by an independent auditor selected by Lessor for purposes of verifying the amount of royalties due to Lessor. All reasonably necessary records shall be made available to Lessor or its agents for such purposes. The fees of the auditor shall be paid by Lessor, unless an understatement of the royalties properly due to Lessor in excess of five percent (5%) of the amount of the royalties reported occurs (giving effect to any agreement or determination pursuant to paragraphs (m) or (n) below, as applicable), in which event Lessee shall pay the fees of the auditor.
Audit CostWithout limiting Customer’s right to seek damages Customer will bear all costs associated with the audit unless the audit concludes that Publisher is in breach of the Agreement.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!