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Common use of Auditing Clause in Contracts

Auditing. The Managers shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners at such times as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copies, of all such accounts and all documents specifically relating to the Vessel and her operation.

Appears in 31 contracts

Samples: Standard Ship Management Agreement, Standard Ship Management Agreement (Gener8 Maritime, Inc.), Standard Ship Management Agreement (Hoegh LNG Partners LP)

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Auditing. The Managers shall provide bookkeeping services and shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners or by independent auditors at such times as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copies, of all such accounts and all documents specifically relating to the Vessel and her operation.

Appears in 2 contracts

Samples: Ship Management Agreement (Omega Navigation Enterprises, Inc.), Ship Management Agreement (Omega Navigation Enterprises, Inc.)

Auditing. The Managers shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners at such times as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copies, of all such accounts and all documents specifically relating to the Vessel Vessels and her their operation.

Appears in 2 contracts

Samples: Ship Management Agreement (OSG America L.P.), Ship Management Agreement (OSG America L.P.)

Auditing. The Managers shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners at such times as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copiesCopies, of all such accounts and all documents specifically relating to the Vessel and her operation.

Appears in 2 contracts

Samples: Ship Management Agreement, Ship Management Agreement (Cavan Maritime LTD)

Auditing. The Managers shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners at such times as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copies, of all such accounts and all ail documents specifically relating to the Vessel and her operation.

Appears in 2 contracts

Samples: Shareholder Agreement (Exmar Energy Partners LP), Shareholders Agreement (Exmar Energy Partners LP)

Auditing. The Managers shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners at such times as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copies, of all such accounts and all documents specifically relating to the Vessel and her operation. For the avoidance of any doubt, this Clause is in addition and not in substitution of the relevant provisions of the Group Management Agreement.

Appears in 2 contracts

Samples: Management Agreement (Safe Bulkers, Inc.), Management Agreement (Safe Bulkers, Inc.)

Auditing. The Managers shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners at such times limes as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copies, of all such accounts and all documents specifically relating to the Vessel and her operation.

Appears in 2 contracts

Samples: Ship Management Agreement (KNOT Offshore Partners LP), Ship Management Agreement (KNOT Offshore Partners LP)

Auditing. The Managers shall at all times maintain and keep true and correct accounts in accordance with sound accounting practice and an adequate and effective system of internal controls and procedures and shall make the same available for permit the inspection and auditing by the Owners and their Auditors at such times as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copies, of all such accounts and all documents specifically relating to the Vessel and her operation.

Appears in 2 contracts

Samples: Ship Management Agreement (DryShips Inc.), Ship Management Agreement (DryShips Inc.)

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Auditing. 14.1 The Managers shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners at such times as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, Agreement the Managers shall release to the Owners, if so requested, the originals where when possible, or otherwise certified copies, of all such accounts and all documents specifically relating to the Vessel and her operation.

Appears in 2 contracts

Samples: Standard Ship Management Agreement (Castor Maritime Inc.), Standard Ship Management Agreement (Castor Maritime Inc.)

Auditing. The Managers shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners at such times as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, Agreement the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copies, of all such accounts and all documents specifically relating to the Vessel and her operation.

Appears in 1 contract

Samples: Ship Management Agreement (KNOT Offshore Partners LP)

Auditing. The Managers shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners at such times as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copies, of all such accounts and all documents specifically relating to the Vessel and her operation. The Managers will operate in compliance with SOX and annually provide a SAS70 type 2 report.

Appears in 1 contract

Samples: Ship Management Agreement (DHT Maritime, Inc.)

Auditing. The Managers shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners and their designated representatives at such times as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copies, of all such accounts and all documents specifically relating to the Vessel and her operation.

Appears in 1 contract

Samples: Ship Management Agreement (Golden Energy Marine Corp.)

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