Audit of Financial Statements. As discussed in Section 3.07, “Records and Audits”, the Contractor shall provide an annual audited financial statement to the Department and SSAC within 120 calendar days after the end of the calendar year and the system of accounting shall be in accordance with generally accepted accounting principles and practices, consistently applied throughout. The City requires an audit conducted in accordance with generally accepted accounting principles to include the following documents:
Audit of Financial Statements. Shareholder agrees to cooperate, and shall cause the Company and Shareholder’s other Affiliates and their respective Representatives to cooperate, in any audit of the Company’s financial statements undertaken by accountants selected by Buyer, including but not limited to complying with Section 4.3. Buyer shall be responsible for the costs and expenses of any accountants selected to perform any audit of the Company’s financial statements. For the avoidance of doubt, any audited financial statements of the Company will not have any authority in connection with the calculation of the PP Components, which shall be handled in accordance the Transaction Accounting Principles as contemplated by Sections 1.4 and 1.5
Audit of Financial Statements. The audit of the Financial Statements by Paramco's independent accountant shall be complete and delivered to Paramco no later than the Closing Date.
Audit of Financial Statements. The Sellers shall, from time to time as and when requested by the Buyer from and after the date hereof, (a) permit the Buyer and its accountants to have access to all books and records of the Sellers for the purpose of performing an audit of the Sellers and/or the Financial Statements sufficient to enable such accountants to render their unqualified opinion on the financial statements of the Business for all periods from and after January 1, 1994 in accordance with Regulation S-X promulgated under the Securities Act of 1933, as amended, and (b) permit the Buyer and their accountants to obtain copies of all work papers utilized or prepared by the Sellers' accountants in connection with their review of the Financial Statements, and consult with the Sellers' accountants as and to the extent necessary or appropriate in connection with the preparation of the audited financial statements contemplated by this SECTION 4.3.
Audit of Financial Statements. The consolidated financial statements of the PEARL Group Members for the past two fiscal years have been audited by Ehrhardt, Keefe, Xxxxxxx & Xxxxxxx, P.C., which accounting firm is satisfactory to the Purchaser.
Audit of Financial Statements a. All payments made under the Contract are subject to audit by the Comptroller pursuant to Article V of the Suffolk County Charter. The Consultant further agrees that the Comptroller and Department shall have access to and the right to examine, audit, excerpt, copy or transcribe any pertinent transactions or other records relating to services under the Contract. The Consultant’s failure to cooperate in any Audit of Financial Statements shall be an Event of Default. If such an audit discloses overpayments by the County to the Consultant, within thirty (30) days after the issuance of an official audit report by the Comptroller or his duly designated representatives, the Consultant shall repay the amount of such overpayment by check to the order of the Suffolk County Treasurer or shall submit a proposed plan of repayment to the Comptroller. If there is no response or if satisfactory repayments are not made, the County may recoup overpayments from any amounts due or becoming due to the Consultant from the County under the Contract or otherwise, the provisions of this subparagraph shall survive the expiration or termination of the Contract and shall be in addition to any rights of the County set forth in the Contract.
b. The provisions of this paragraph shall survive the expiration or termination of the Contract.
Audit of Financial Statements. Prior to the Closing, ----------------------------- Purchaser shall have engaged Price Waterhouse LLP to conduct an audit of certain historical financial statements of the Subsidiaries, and such audit shall have been completed prior to the Closing. Copies of such audits (and any draft thereof) shall be delivered to Seller promptly following the completion of any thereof. Seller shall make available to Purchaser and Price Waterhouse LLP such books and records and cooperate with Purchaser as shall be reasonably requested by Purchaser in connection with such audit. The costs and expenses of conducting such audit shall be borne by Purchaser and Seller as mutually agreed in writing; provided, however, that Seller shall have no liability for the costs and expenses incurred by Price Waterhouse LLP in connection with conducting such audit.
Audit of Financial Statements. The Company shall use commercially reasonable efforts to ensure that by no later than April 30, 2005, the financial statements of the Company for the fiscal years ended December 31, 2002, 2003 and 2004 respectively will be audited, accompanied by a report and opinion thereon by independent accountants of national standing selected by the Company’s Board of Directors, and delivered to the Major Investors.
Audit of Financial Statements. Promptly following the Effective Time, Parent will retain an independent accounting firm to audit the Financial Statements of the Company for the years ended December 31, 2009 and 2008 in order to comply with SEC regulations for acquisitions of "significant subsidiaries," which audit will be completed within 71 days after the Effective Time. The fees of a third party auditor chosen by Parent to conduct such audit is estimated to be $30,000, which will be treated as a Company Transaction Expense pursuant to Section 5.5. Any expenses for such audit in excess of $30,000 will be borne solely by Parent.
Audit of Financial Statements. Parent has, in connection with its due diligence investigation of the Seller, contracted for and funded the audit of the Business Financial Statements by an auditor of its choosing. In the event that the Closing does not occur by July 30, 2004, Parent shall immediately transfer all of Parent transferable rights and interest in the audited Business Financial Statements to Seller. Parent makes no warranties or representations as to qualifications of auditors or accuracy of audit results or other audit-related matters. Parent and Purchaser acknowledge and agree that Seller shall have no liability in connection with the accuracy of audit results or other audit-related matters, other than in connection with its representation pursuant to Section 4.9(a).
