Common use of AUDIT NOTICE AND TIMING Clause in Contracts

AUDIT NOTICE AND TIMING. a) As soon as reasonably practicable after the Effective Date, the Parties shall use their best endeavors to agree to a timetable for routine audits during the Project Implementation Phase and the Operation and Management Phase. Such timetable may be reviewed every 3 months. During the Implementation Phase, the Director, CSB/SUGAM XXXXXX Project and thereafter during the Operation Management Phase, the Director, CSB/SUGAM XXXXXX Project shall conduct routine audits in accordance with such agreed timetable and shall not be required to give the Partner any further notice of carrying out such audits. b) The Director, CSB/XXXXX XXXXXX Project may conduct non-timetabled audits at his/ her own discretion if he/ she reasonably believes that such non-timetabled audits are necessary as a result of an act of fraud by a Partner, a security violation, or breach of confidentiality obligations by the Partner, provided that the requirement for such an audit is notified in writing to the Partner a reasonable period time prior to the audit (taking into account the circumstances giving rise to the reasonable belief) stating in a reasonable level of detail the reasons for the requirement and the alleged facts on which the requirement is based. If the Partner considers that the non-time tabled audit was not appropriate, the matter shall be referred to the escalation procedure as set out in the Governance Schedule. c) The frequency of audits shall be 6 monthly, provided always that the Director, CSB/SUGAM XXXXXX Project shall endeavour to conduct such audits with the lowest levels of inconvenience and disturbance practicable being caused to the Partner. d) The audit and access rights contained within this Schedule shall survive the termination or expiration of the MSA for a period of twenty-four (24) months. For the avoidance of doubt, this right of audit shall not apply to data and records returned to CSB/SUGAM XXXXXX PROJECT or destroyed in accordance with Exit Management Schedule.

AUDIT NOTICE AND TIMING. a) 2.1 As soon as reasonably practicable after the Effective Date, the Parties shall use their best endeavors endeavours to agree to a timetable for routine audits during the Project Implementation Phase and the Operation and Management Phase. Such timetable may be reviewed every 3 months. During during the Implementation Phase, the Director, CSB/SUGAM XXXXXX Project MITS or its nominated agency and thereafter during the Operation Management operation Phase, the Director, CSB/SUGAM XXXXXX Project MITS or its nominated agency shall conduct routine audits in accordance with such agreed timetable and shall not be required to give the Partner SI for Compute Infrastructure any further notice of carrying out such audits. b) 2.2 The Director, CSB/XXXXX XXXXXX Project MITS or its nominated agency may conduct non-timetabled audits at his/ her own discretion if he/ she it reasonably believes that such non-timetabled audits are necessary as a result of an act of fraud by a Partnerthe SI for Compute Infrastructure, a security violation, or breach of confidentiality obligations by the PartnerSI for Compute Infrastructure, provided that the requirement for such an audit is notified in writing to the Partner SI for Compute Infrastructure a reasonable period time prior to the audit (taking into account the circumstances giving rise to the reasonable belief) stating in a reasonable level of detail the reasons for the requirement and the alleged facts on which the requirement is based. If the Partner SI for Compute Infrastructure considers that the non-time tabled timetabled audit was not appropriate, the matter shall be referred to the escalation procedure as set out in the Governance Schedule. c) 2.3 The frequency of audits shall be 6 monthlya (maximum) half yearly, provided always that the Director, CSB/SUGAM XXXXXX Project MITS or its nominated agency shall endeavour to conduct such audits with the lowest levels of inconvenience and disturbance practicable being caused to the PartnerSI for Compute Infrastructure. Any such audit shall be conducted by with adequate notice of 2 weeks to the SI for Compute Infrastructure. d2.4 MITS will ensure that any 3rd party agencies (except CAG) The appointed to conduct the audit will not be the competitor of SI for Compute Infrastructure and access rights contained within this Schedule shall survive the termination or expiration of the MSA for a period of twenty-four (24) months. For the avoidance of doubt, this right of audit shall not apply to data and records returned to CSB/SUGAM XXXXXX PROJECT or destroyed in accordance with Exit Management Schedulewill be bound by confidentiality obligations.

AUDIT NOTICE AND TIMING. a) 2.1 As soon as reasonably practicable after the Effective Date, the Parties shall use their best endeavors to agree to a timetable for routine audits during the Project Implementation Phase and the Operation and Management Phase. Such timetable may be reviewed every 3 months. During during the Implementation Phase, the Director, CSB/SUGAM XXXXXX Project BSBCL or its nominated agency and thereafter during the Operation Management operation Phase, the Director, CSB/SUGAM XXXXXX Project BSBCL or its nominated agency shall conduct routine audits in accordance with such agreed timetable and shall not be required to give the Partner <<‘Total Solution and Service Provider (TSSP)’>> any further notice of carrying out such audits. b) The Director, CSB/XXXXX XXXXXX Project 2.2 BSBCL or its nominated agency may conduct non-timetabled audits at his/ her own discretion if he/ she it reasonably believes that such non-timetabled audits are necessary as a result of an act of fraud by a Partnerthe <<‘Total Solution and Service Provider (TSSP)’>>, a security violation, or breach of confidentiality obligations by the Partner<<‘Total Solution and Service Provider (TSSP)’>>, provided that the requirement for such an audit is notified in writing to the Partner <<‘Total Solution and Service Provider (TSSP)’>> a reasonable period time prior to the audit (taking into account the circumstances giving rise to the reasonable belief) stating in a reasonable level of detail the reasons for the requirement and the alleged facts on which the requirement is based. If the Partner <<‘Total Solution and Service Provider (TSSP)’>> considers that the non-time tabled timetabled audit was not appropriate, the matter shall be referred to the escalation procedure as set out in the Governance Schedule. c) 2.3 The frequency of audits shall be 6 monthlya (maximum) half yearly, provided always that the Director, CSB/SUGAM XXXXXX Project BSBCL or its nominated agency shall endeavour endeavor to conduct such audits with the lowest levels of inconvenience and disturbance practicable being caused to the Partner<<‘Total Solution and Service Provider (TSSP)’>>. Any such audit shall be conducted by with adequate notice of 2 weeks to the <<‘Total Solution and Service Provider (TSSP)’>>. d2.4 BSBCL will ensure that any 3rd party agencies (except CAG) The appointed to conduct the audit will not be the competitor of <<‘Total Solution and access rights contained within this Schedule shall survive the termination or expiration of the MSA for a period of twenty-four Service Provider (24) months. For the avoidance of doubt, this right of audit shall not apply to data TSSP)’>> and records returned to CSB/SUGAM XXXXXX PROJECT or destroyed in accordance with Exit Management Schedulewill be bound by confidentiality obligations.