Audit Rights of Parties Sample Clauses

Audit Rights of Parties. Each Party, its affiliates and any third-party representative of a Party shall have the right, at its sole expense, and upon not less than thirty (30) days’ notice to the other Party, to examine the records of the other Party related to the Facility’s production of Energy, the calculation of payments due from one Party to the other, or records supporting or related to any claim by Seller of a Force Majeure event, with such examination to occur during normal business hours upon reasonable notice. Any information gathered during such examination shall constitute Confidential Information subject to the requirements of Article 8.
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Audit Rights of Parties. Each Party, its affiliates and any third-party representative of a Party shall have the right, at its sole expense, and upon not less than thirty (30) days’ notice to the other Party, to examine the records of the other Party related to the Facility’s production of Energy, the calculation of payments due from one Party to the other, the calculation of Seller’s obligation to T&D for the Contract Quantity of Capacity, or records supporting or related any claim by Seller of a Force Majeure event, with such examination to occur during normal business hours upon reasonable notice. Any information gathered during such examination shall constitute Confidential Information subject to the requirements of Article 8.
Sample 1Sample 2
Audit Rights of Parties. Each Party, its affiliates and any third-party representative of a Party shall have the right, at its sole expense, to examine the records of the other Party related to the Facility’s production of Energy, the calculation of payments due from one Party to the other, the calculation of Seller’s obligation to T&D for the Contract Quantity of Capacity, or records supporting or related any claim by Seller of a Force Majeure event, with such examination to occur during normal business hours upon reasonable notice. Any information gathered during such examination shall constitute Confidential Information subject to the requirements of Article 8.
Sample 1Sample 2
Audit Rights of Parties. During the Term, each Party shall have the right, at it's sole expense, through a certified public accountant reasonably acceptable to the other Party, and following reasonable notice, to examine financial records (including COGS) of the other Party of or relating to the other Party's performance of it obligations and duties pursuant to this Agreement during regular business hours during the Term, subject to the confidentiality obligation contained in Section 11.1 (b).
Sample 1Sample 2

Related to Audit Rights of Parties

  • Audit Rights The Recipient shall, at all reasonable times, provide the Director access to a right to inspect all sites and facilities involved in the Project and access to and a right to examine or audit any and all books, documents and records, financial or otherwise, relating to the Project or to ensure compliance with the provisions of this Agreement. The Recipient shall maintain all such books, documents and records for a period of three (3) years after the termination of this Agreement, and such shall be kept in a common file to facilitate audits and inspections. All disbursements made pursuant to the terms of this Agreement shall be subject to all audit requirements applicable to State funds. The Recipient shall ensure that a copy of any final report of audit prepared in connection with and specific to the Project, regardless of whether the report was prepared during the pendency of the Project or following its completion, is provided to the Director within ten (10) days of the issuance of the report. The Recipient simultaneously shall provide the Director with its detailed responses to each and every negative or adverse finding pertaining to the Project and contained in the report. Such responses shall indicate what steps will be taken by the Recipient in remedying or otherwise satisfactorily resolving each problem identified by any such finding. If the Recipient fails to comply with the requirements of this Section or fails to institute steps designated to remedy or otherwise satisfactorily resolve problems identified by negative audit findings, the Director may bar the Recipient from receiving further financial assistance under Chapter 164 of the Revised Code until the Recipient so complies or until the Recipient satisfactorily resolves such findings.

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