Common use of Audits at Qualified vLEI Issuer Locations Clause in Contracts

Audits at Qualified vLEI Issuer Locations. GLEIF may conduct financial, operational and/or information technology audits relating to vLEI operations at Qualified vLEI Issuer locations at GLEIF's sole but reasonable discretion. To provide for a reasonable scheduling opportunity, GLEIF will make every effort to provide at least four weeks’ notice to the Qualified vLEI Issuer. Should the Qualified vLEI Issuer not be in a position or not willing to undergo an audit as requested by XXXXX, GLEIF is explicitly entitled to request to have an audit performed by a qualified firm of its choice. Any refusal of this request shall be deemed to be a violation of the Agreement. The following provisions shall govern on-site audits:

Audits at Qualified vLEI Issuer Locations. GLEIF may conduct financial, operational and/or information technology audits relating to vLEI operations at Qualified vLEI Issuer locations at GLEIF's sole but reasonable discretion. To provide for a reasonable scheduling opportunity, GLEIF will make every effort to provide at least four weeks’ weeks notice to the Qualified vLEI Issuer. Should the Qualified vLEI Issuer not be in a position or not willing to undergo an audit as requested by XXXXX, GLEIF is explicitly entitled to request to have an audit performed by a qualified firm of its choice. Any refusal of this request shall be deemed to be a violation of the Agreement. The following provisions shall govern on-on- site audits: