Audit Reimbursement Clause Samples

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Audit Reimbursement. The Parties acknowledge and agree that, in furtherance of the Parties’ respective obligations under Section 5.2.5 of the Agreement, Seller shall engage KPMG LLP to perform, on behalf and at the expense of Buyer, the reasonably necessary audit services required to prepare the historical financial statements related to the Product Business as may be required to be included in any filing under the Securities Exchange Act of 1934 and the regulations promulgated thereunder, including Regulation S-X, to be reported on a current report on Form 8-K (and in any other filing required to be made by Buyer under applicable Law and) filed by Buyer in connection with the Closing. Seller shall use reasonable efforts to cooperate with KPMG LLP to facilitate KPMG LLP performing such audit services in a manner that allows Buyer to make such filings in accordance with timeframes required under applicable Law. Buyer shall promptly reimburse Seller for any audit fees and other out-of-pocket expenses incurred by Seller or its Affiliates in connection with such engagement.
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Audit Reimbursement. To the extent that an audit by the District, District’s independent auditors, or their designees disclose excess charges inaccurately or improperly attributed to this Project by the Design Consultant and such audit is subsequently determined to be correct, Design Consultant agrees to remit the amount of the overpayment to the District, together with interest thereon at a rate that is the lesser of ten percent (10%) per annum or the maximum rate allowable by law, within thirty (30) Days after demand. If such audit discloses an overcharge of five percent (5%) or more of the total amount invoiced to District for any year audited, and such audit is subsequently determined to be correct, Design Consultant shall pay the actual cost of such audit, which cost, in the case of audits conducted by District using in house staff, shall be computed on the basis of two
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Audit Reimbursement. In the event an audit by AtheroNova shows an underpayment, CardioNova shall pay AtheroNova the amounts underpaid. In addition, in the event the examination shows an underpayment of more than [***] for any quarter, CardioNova shall pay AtheroNova, in addition to the amounts underpaid, the costs of the audit and interest on any undisputed underpayments at the monthly rate of [***], compounded monthly.
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Audit Reimbursement. By the Closing Date, Purchaser shall pay ------------------- to Ernst & Young LLP (on behalf of Sellers), full payment and reimbursement for all the fees and costs charged (or chargeable) by Ernst & Young LLP to Sellers in connection with an audit by Ernst & Young LLP regarding the business and operations with respect to the Towers for 1997 and the first six months of 1998, in an aggregate final amount of $122,000, which audit Sellers' arranged at Purchaser's request. At the Closing Purchaser shall deliver to MobileMedia Communications evidence of such payment (and which evidence may include a copy of the applicable invoices marked "paid" or similar notation).
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Audit Reimbursement. To the extent that an audit by the District, the District’s independent auditors or any other party identifies costs, charges or expenses inaccurately or improperly attributed to the Bond Program by the Program Manager, the Program Manager agrees to remit the amount of the overpayment to the District upon demand. If such audit discloses an overcharge of five percent (5%) or more of the total amount invoiced to the District for any year audited, and such audit is correct, the Program Manager shall also pay the actual cost of such audit, which cost shall include fees and costs of attorneys or other professionals involved in the audit and, in the case of audits conducted by the District, shall include staff costs computed on the basis of two (2) times the direct payroll of the audit staff. If such audit identifies an underpayment to the Program Manager with respect to disputed or miscalculated amounts, the District shall promptly remit the amount of the underpayment to the Program Manager.
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Audit Reimbursement. In addition to the Examination and Audit rights set forth in Appendix A, Attachment 1 General Provisions – Information Technology, Effective 1/1/04, Contractor agrees to reimburse the State for the cost of any audit which finds that the provisioning of contracted IWTS services by call type or call volume is inaccurately reported by five percent (5%) as determined by the State or that rates applied to calls exceed those established in this Agreement by five percent (5%) as determined by the State. Any such audit shall be conducted by an experienced auditor and shall follow commercially reasonable and generally accepted accounting principles. The State may forward audit results showing call rate discrepancies to the CPUC. A follow up audit may be required at Contractor’s expense. Repeated and/or egregious violations may be grounds for Termination for Default as set forth in Appendix A, Attachment 1- General Provisions – Information Technology. The State agrees that the hourly rates charged for any such reimbursable audit shall be in accordance with industry standards. The State further agrees that it will not seek reimbursement for more than 2 audits per calendar year, assuming no follow-up audits are required. In no event shall Contractor’s total audit costs under this section exceed one hundred thousand dollars ($100,000) in any twelve-month period.
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Related to Audit Reimbursement

  • Meal Reimbursement When an employee is specifically directed by the City to work two (2) hours or longer at the beginning or end of their normal work shift away from their place of residence of at least eight (8) hours or work two (2) hours or longer at the end of their work shift of at least eight (8) hours when the employee is called in to work on their regular day off, or otherwise works under circumstances for which meal reimbursement is authorized per Ordinance 111768 and the employee actually purchases a reasonably priced meal away from his place of residence as a result of such additional hours of work, the employee shall be reimbursed for the "reasonable cost" of such meal in accordance with Seattle Municipal Code (SMC) 4.20.

  • Expense Reimbursement The Executive shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time to time.

  • Tuition Reimbursement A. The Employer will reimburse a full-time employee for the cost of tuition in accordance with Regulation 10.12.060 and for the cost of books as long as the subject matter of the specific course or course of study is job-related and the tuition costs do not exceed those found at a state university. The employee must receive approval from the Chief prior to taking the course. Tuition reimbursement shall be approved for all job-related undergraduate and graduate work. A request for tuition shall not be unreasonably denied. B. If an employee receives a scholarship, the total amount of the reimbursement from the Employer, combined with the scholarship, shall not exceed one hundred percent (100%) of the cost of tuition and books. C. A satisfactory grade of C or higher or equivalent is required for reimbursement, and a copy of the course transcript showing satisfactory completion, along with a copy of the approved reimbursement application, a copy of the registration or receipt showing the amount paid, and a taxability of tuition reimbursement Interoffice Communication shall be submitted with the reimbursement request within sixty (60) calendar days of receiving final grades. D. In the event the Employer directs an employee to attend any formal training course, the costs of all books and incidental fees will be paid by the Employer. “Life experience” credits will be reimbursed on a per-credit basis, not to exceed the University of Washington tuition rates. E. Once a request for tuition reimbursement has been approved, the Employer will reimburse the cost of tuition as provided above. Approved tuition reimbursements shall be paid to the employee within sixty (60) calendar days of timely submission to the Employer. An employee shall not receive federal or state educational reimbursement funds that exceed the total tuition for any course. F. If an employee receiving tuition reimbursement misses two (2) consecutive terms of school, the Employer shall send a letter requesting the employee notify the Employer of whether the employee intends to continue to attend school. If the employee does not attend school during the following two (2) terms then the employee must reapply for tuition reimbursement when attendance resumes. G. When an employee completes an educational program, the employee shall notify the Employer so the Employer can remove the employee’s name from the tuition reimbursement list. If the employee pursues an additional degree then the employee must reapply for tuition reimbursement. H. No more than twenty-five percent (25%) of the bargaining unit members shall receive tuition reimbursement at any given time. If at any time the maximum twenty-five percent (25%) limit is reached, then all subsequent requests for tuition reimbursement shall be placed on a waiting list in order of the date of application.

  • Reimbursement of Fee Waivers and Expense Reimbursements If on any day during which the Advisory Agreement is in effect, the estimated annualized Fund Operating Expenses of the Fund for that day are less than the Operating Expense Limit, the Adviser shall be entitled to reimbursement by the Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Adviser to the Fund pursuant to Section 1 hereof (the “Reimbursement Amount”) within three years from the date in which the Adviser waived or reduced investment advisory fees or reimbursed expenses, to the extent that the Fund’s annualized Operating Expenses plus the amount so reimbursed equals, for such day, the Operating Expense Limit, provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

  • Expense Reimbursements To the extent that any reimbursements payable pursuant to this Agreement are subject to the provisions of Section 409A of the Code, any such reimbursements payable to Executive pursuant to this Agreement shall be paid to Executive no later than December 31 of the year following the year in which the expense was incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and Executive’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit.