Common use of Audits by Contractor Party Clause in Contracts

Audits by Contractor Party. If any Contractor Party conducts an audit of the books and records of Operator or any other Contractor Party pertaining to the Contract, it shall provide to the Minister a copy of the audit results, a report setting out the audit exceptions, claims and queries and the manner in which these exceptions, claims and queries were finally allowed or denied by Operator.

Audits by Contractor Party. If any Contractor Party conducts an audit of the books and records of Operator or any other Contractor Party pertaining to the Contract, it shall provide to the Minister a copy of the audit results, a report setting out the audit exceptions, claims and queries and the manner in which these exceptions, claims and queries were finally allowed or denied by Operator.