Common use of Audit/Inspection Clause in Contracts

Audit/Inspection. Upon receipt of written notice, Keyholder shall immediately submit the KEY or Equipment for inspection at the RANW MLS office at a time designated by the MLS. The KEY shall be deemed lost if a Keyholder refuses or is unable to demonstrate that the KEY is within the Keyholder’s physical control. Those KEYS considered by the MLS, at its discretion, to be lost will be deactivated immediately.

Audit/Inspection. Upon receipt of written notice, Keyholder Xxxxxxxxx shall immediately submit the KEY or Equipment for inspection at the RANW MLS office at a time designated by the MLS. The KEY shall be deemed lost if a Keyholder refuses or is unable to demonstrate that the KEY is within the Keyholder’s physical control. Those KEYS considered by the MLS, at its discretion, to be lost will be deactivated immediately.