Common use of Audit of Performance Clause in Contracts

Audit of Performance. Each Party shall have access to and the right to inspect all records maintained by the other Party directly related to the Services, as is reasonably necessary for the purposes of verifying the other Party’s compliance with this Agreement, including auditing and verifying costs or expenses claimed to be due and payable hereunder. Such access shall be available at reasonable times on Business Days during business hours and under reasonable conditions with a minimum of at least ten (10) days prior written notice. Each Party shall keep and preserve all such records for a period of at least five (5) year from and after end of the relevant Services Term.

Appears in 4 contracts

Samples: Transition Services Agreement (Spectra Energy Corp.), Transition Services Agreement (Spectra Energy Corp.), Transition Services Agreement (Duke Energy CORP)

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Audit of Performance. Each Party shall have access to and the right to inspect all records maintained by the other Party directly related to the Services, as is reasonably necessary for the purposes of verifying the other Party’s compliance with this AgreementAgreement or any other legitimate purpose, including auditing and verifying costs or expenses claimed to be due and payable hereunder. Such access shall be available at reasonable times on Business Days during business hours and under reasonable conditions with a minimum of at least ten (10) days prior written notice. Each Party shall keep and preserve all such records for a period of at least five (5) year from and after end of the relevant Services Term.

Appears in 2 contracts

Samples: Transition Services Agreement (Contura Energy, Inc.), Transition Services Agreement (Contura Energy, Inc.)

Audit of Performance. Each Party shall have access to and the right to inspect all records maintained by the other Party directly related to the Services, as is reasonably necessary for the purposes of verifying the other Party’s compliance with this Agreement, including auditing and verifying costs or expenses claimed to be due and payable hereunder. Such access shall be available at reasonable times on Business Days during business hours and under reasonable conditions with a minimum of at least ten (10) days prior written notice. Each Party shall keep and preserve all such records for a period of at least five three (53) year years from and after the end of the relevant Services Term.

Appears in 2 contracts

Samples: Transition Services Agreement (Qep Resources, Inc.), Transition Services Agreement (Questar Corp)

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Audit of Performance. Each Party shall have access to and the right to inspect all records maintained by the other Party directly related to the Services, as is reasonably necessary for the purposes of verifying the other Party’s compliance with this Agreement, including auditing and verifying costs or expenses claimed to be due and payable hereunder. Such access shall be available at reasonable times on Business Days during normal business hours and under reasonable conditions with a minimum of at least ten (10) days prior written notice. Each Party shall keep and preserve all such records for a period of at least five three (53) year years from and after the end of the relevant Services Term.

Appears in 1 contract

Samples: Transition Services Agreement (Tesoro Logistics Lp)

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