Common use of Auditing of Accounts and Records Clause in Contracts

Auditing of Accounts and Records. Within two years following the end of a calendar year, during normal business hours, either Party, or a public accounting firm designated to represent said Party, shall have the right to audit the other Party's accounts and records pertaining to transactions under this Agreement at the offices where such accounts and records are maintained; provided that appropriate notice shall have been given prior to any audit and provided that the audit shall be limited to those portions of such accounts and records that relate to services provided to the other under this Agreement for said calendar year. The Party being audited will be entitled to review the audit report and any supporting materials, which shall be subject to the provisions of Article 7.

Auditing of Accounts and Records. Within two years following the end of a calendar year, during normal business hours, either Party, or a public accounting firm designated to represent said Party, shall have the right to audit the other Party's accounts and records pertaining to transactions under this Agreement at the offices where such accounts and records are maintained; provided that appropriate notice shall have been given prior to any audit and provided that the audit shall be limited to those portions of such accounts and records that relate to services provided to the other under this Agreement for said calendar year. The Party being audited will be entitled to review the audit report and any supporting materials, which shall be subject to the provisions of Article 7.7.‌