Common use of Audit/Inspection Clause in Contracts

Audit/Inspection. If, as a result of any audit performed by Prudential or its authorized representatives under this Engagement Schedule pursuant to Section 13.12.2 of the Agreement, Prudential determines that Vendor is not in compliance with this Engagement Schedule; or Prudential determines it is not in compliance with the law or the Harford Agreements due to Vendor’s non-compliance with this Engagement Schedule or applicable law, in each case, Vendor shall promptly correct such non-compliance and shall provide satisfactory assurance to Prudential that such non-compliance will not recur. If such correction takes more than 72 hours to complete, Vendor shall provide Prudential with a plan for correcting such non-compliance promptly after such 72-hour period, for Prudential's review and approval. Vendor may dispute any such determination of non-compliance through the dispute resolution procedures set forth in this Engagement Schedule.

Appears in 5 contracts

Samples: Engagement Schedule (Pruco Life of New Jersey Variable Appreciable Account), Engagement Schedule (Pruco Life of New Jersey Variable Appreciable Account), Engagement Schedule (Pruco Life of New Jersey Variable Appreciable Account)

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