Common use of Audit Frequency Clause in Contracts

Audit Frequency. MS will not do an audit more than once a year. However, MS may audit more than once a year if an audit finished during the preceding year revealed a Material Amount or an intentional breach of this Agreement.

Audit Frequency. If an audit does not reveal a Material Discrepancy, MS will not do an conduct another audit more than once a for at least one year. However, MS may will provide Company with a summary of the audit more than once a year if an audit finished during the preceding year revealed a Material Amount or an intentional breach of this Agreementfindings.