Common use of Audit Obligations Clause in Contracts

Audit Obligations. Each party (the “Audited Party”) agrees to permit the other (the “Auditing Party”), using a mutually-acceptable third party auditor, to audit its compliance with this Article V during regular business hours upon reasonable notice to the Audited Party. The Audited Party shall provide to the Auditing Party’s auditor copies of audits and system test results acquired by the Audited Party in relation to the data security policies and procedures designed to meet the requirements set forth above. Any audit performed hereunder shall be at the cost of the Auditing Party.

Appears in 4 contracts

Samples: Credit Card Account Purchase Agreement, Credit Card Account Purchase Agreement (Park National Corp /Oh/), Credit Card Account Purchase Agreement (Fulton Financial Corp)

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Audit Obligations. Each party (the “Audited Party”) agrees to permit the other (the “Auditing Party”), using a mutually-acceptable third party auditor, to audit its compliance with this Article V IV during regular business hours upon reasonable notice to the Audited Party. The Audited Party shall provide to the Auditing Party’s auditor copies of audits and system test results acquired by the Audited Party in relation to the data security policies and procedures designed to meet the requirements set forth above. Any audit performed hereunder shall be at the cost of the Auditing Party.

Appears in 3 contracts

Samples: Joint Marketing Agreement, Interim Servicing Agreement (Columbia Bancorp \Or\), Joint Marketing Agreement (Columbia Bancorp \Or\)

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Audit Obligations. Each party (the "Audited Party") agrees to permit the other (the "Auditing Party"), using a mutually-acceptable third party auditor, to audit its compliance with this Article V during regular business hours upon reasonable notice to the Audited Party. The Audited Party shall provide to the Auditing Party’s auditor copies of audits and system test results acquired by the Audited Party in relation to the data security policies and procedures designed to meet the requirements set forth above. Any audit performed hereunder shall be at the cost of the Auditing Party.

Appears in 1 contract

Samples: Credit Card Account Purchase Agreement (Bar Harbor Bankshares)

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