Audit Costs. In the event that the City, in the course of any audit (including, but not limited to a City audit and/or a third party audit) or an inspection of records by the City, 1) identifies any underpayment by the Company to the City in excess of 1% of all compensation paid by the Company to the City during the audit period; or 2) discovers substantive findings related to fraud, misrepresentation, or non-performance, the costs of such audit will be borne by the Company. 6.6.1. Any adjustments and/or payments that must be made as a result of any such audit (include, but not limited to a City audit and/or a third party audit) or inspection of the Company’s records as well as any costs associated with any such audit or inspection of the Company’s records shall be made to the City within 30 days from any notification by the City to the Company that such funds are due the City. If the Company fails to make such adjustments and/or payments, the City may recoup the costs of any such audit, adjustment, and/or payment directly from the Security Fund. 6.6.2. In addition to any other amounts due the City, the Company shall pay to the City interest on any such underpayment at the rate set forth in § 3.8 of this Agreement from the date the Company first made such underpayment.
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Samples: Franchise Agreement, Franchise Agreement, Franchise Agreement
