Authority's Right to Audit Sample Clauses

Authority's Right to Audit. The Authority shall have the right, upon reasonable notice to Contractor to audit the corporate books and records relating to the operation of the Contractor in order to determine the correctness of the fees paid to the Authority for any Contract Year. The Authority’s right to inspect and audit extends to the books and records of all subcontractors and/or partners under this Contract as they relate to this Contract. If the audit discloses intentional inaccuracies, this Contract, at the option of the Authority, may be terminated. The Authority reserves the right to require an agreed upon procedures audit and will provide the procedures for such audit.
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Authority's Right to Audit. The Authority shall have the right, upon reasonable notice to the Contractor, to audit the corporate books and records relating to the Contractor’s operation in order to determine the accuracy and completeness of the fees paid to the Authority for any contract year which ended no more than three (3) years prior to the date of commencement of such audit. The Authority’s right to audit will extend to related parties of the Contractor. Additionally, the Authority representatives may conduct interviews with Contractor personnel, contact financial institutions and make copies of records as necessary. The Authority and its auditors also shall have the right to conclude that the documents provided in support of the audit are the Contractor’s complete records; that transactions lacking source documents may be subjected to additional scrutiny and a recommendation for recovery of any additional Gross Receipts associated with the missing documents or a decision to exclude any amount normally included as an allowable deduction.
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Authority's Right to Audit. The Authority shall have the right, upon reasonable notice to the Contractor, to cause an audit to be made of the Contractor’s books and records in order to determine the correctness of the Gross Receipts for any Contract Year which ended no more than three (3) years prior to the date of commencement of such audit.
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Authority's Right to Audit. Authority reserves the right to examine or audit all documents supporting expenditures, invoices and Requests for Payment at any time upon five
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Authority's Right to Audit. A. Company will at all times maintain and keep records reflecting the activity statistics of Company's activities at Airport to be reported pursuant to this Agreement. Such records will be retained by Company for a period of three years subsequent to the activities therein or such other retention period as set forth in 14 CFR part 249, and upon prior written notice to Company will be made available in Tampa, Florida for audit and examination by Authority or its duly authorized representative during all normal business hours. Company will produce such books and records at a location in Tampa, Florida within 30 calendar days of Authority’s notice to do so or pay all reasonable expenses, including but not limited to transportation, food, and lodging, necessary for an auditor selected by Authority to audit said books and records. B. The cost of audit, with the exception of the aforementioned expenses, will be borne by Authority; provided, however, the total cost of said audit will be borne by Company if either or both of the following conditions exist: (1) The audit reveals an underpayment of more than 10 percent by category of rents, fees and charges due on an annual basis hereunder, as determined by said audit; or (2) Company has failed to maintain true and complete records in accordance with this Article. C. An audit report will be issued by Authority or its representatives and forwarded to Company by certified mail or hand delivery. Company will have 30 calendar days from receipt of the audit report to comment in writing on the audit report. Failure of Company to submit such written comments will constitute acceptance of the audit report issued.
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Authority's Right to Audit. The Authority, and its authorized representatives, shall have the right to audit, to examine, and to make copies or extracts from all financial and related records (in whatever form they may be kept, whether written, electronic, or other) relating to or pertaining to Loan Programs kept by or under the control of OSFM, including, but not limited to, those kept by OSFM, its employees, agents, assigns, successors, and subcontractors. The books and records, together with the supporting or underlying documents and materials shall be made available to the Authority and its authorized representative, upon request and seven (7) business days’ notice to OSFM, during normal business hours at OSFM’s office or place of business. In the event that no such location is available, then the books and records, together with the supporting or underlying documents and records, shall be made available for audit, examination and copying at a time and location that is convenient for the Authority.
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Authority's Right to Audit. A. Notwithstanding Company's requirement to submit an annual statement, Authority or its representative may at any time perform audits of all or selected operations performed by Company under this Agreement. Upon prior written notice to Company, the books and records, including the state of Florida sales tax return records, will be made available for audit by Authority during all normal business hours. Company will produce such books and records, at no cost to Authority, at a location in Tampa, Florida within 30 calendar days of Authority's notice to do so at the initiation of the audit and to deliver to Authority’s location all other records requested during the audit within 14 calendar days. The parties recognize that Authority will incur additional costs if records requested by Authority’s auditor are not provided in a timely manner and that the amount of those costs is difficult to determine with certainty. Consequently, the parties agree Company will pay Authority ten dollars ($10.00), in addition to all other contractual financial requirements, for each item in a records request every calendar day for each time Company is late in submitting requested records to perform the audit. Payment will continue until specific performance is accomplished. Payment will not be offset against any other amount due Authority as detailed in this Agreement. B. The cost of audit, with the exception of the aforementioned expenses, will be borne by Authority; provided, however, the total cost of said audit will be borne by Company if either or both of the following conditions exist: (1) The audit reveals an underpayment of more than 3 percent of fees and charges due on an annual basis hereunder, as determined by said audit; (2) Company has failed to maintain true and complete records in accordance with this Agreement. C. An audit report will be issued by Authority or its representatives and forwarded to Company by certified mail or hand delivery. Company will have 30 calendar days from receipt of the audit report to comment in writing on the audit report. Failure of Company to submit such written comments will constitute acceptance of the audit report issued.
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Authority's Right to Audit. All books, records and supporting documentation maintained by the City pursuant to this Article VIII shall be the sole and exclusive property of the Authority, and shall be made available to the Authority at the Authority’s request at reasonable times during normal business hours, and, in addition, in connection with independent financial audits of the Authority, or persons appointed by the Authority, may, during ordinary business hours, examine all books, records and files maintained for the Authority by the City. The Authority may perform any audit or investigation relating to the City’s activities at any office of the City if such audit or investigation relates to the City’s activities for the Authority. Should the Authority or the Authority’s employees or representatives discover any errors in record keeping, the City shall correct such discrepancies promptly upon discovery and make necessary adjustments. The City shall inform the Authority in writing of the action taken to correct any audit discrepancies.
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Authority's Right to Audit. The Authority shall have the right, upon reasonable notice to the Contractor, to audit the corporate books and records relating to the operation of the Contractor in order to determine the correctness of the fees paid to the Authority for any Contract year. The Authority’s right to inspect and audit extends to the books and records of all subcontractors under this agreement as they relate to this agreement and to the work papers of the independent CPA performing the financial statement audit described in Section V.(I). If the audit discloses intentional inaccuracies, this agreement, at the option of the Authority, may be terminated. The Contractor shall provide records and retrievals requested within seven (7) calendar days of receipt of the request.
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Related to Authority's Right to Audit

  • Agency’s Right to Audit A. Contractor shall make available at reasonable times and upon reasonable notice, and for reasonable periods, work papers, reports, books, records, supporting documents kept current by Contractor pertaining to the Contract for purposes of inspecting, monitoring, auditing, or evaluating by System Agency and the State of Texas. B. In addition to any right of access arising by operation of law, Contractor and any of Contractor’s affiliate or subsidiary organizations, or Subcontractors shall permit the System Agency or any of its duly authorized representatives, as well as duly authorized federal, state or local authorities, unrestricted access to and the right to examine any site where business is conducted or Services are performed, and all records, which includes but is not limited to financial, client and patient records, books, papers or documents related to this Contract. If the Contract includes federal funds, federal agencies that shall have a right of access to records as described in this section include: the federal agency providing the funds, the Comptroller General of the United States, the General Accounting Office, the Office of the Inspector General, and any of their authorized representatives. In addition, agencies of the State of Texas that shall have a right of access to records as described in this section include: the System Agency, HHSC, HHSC's contracted examiners, the State Auditor’s Office, the Texas Attorney General's Office, and any successor agencies. Each of these entities may be a duly authorized authority. C. If deemed necessary by the System Agency or any duly authorized authority, for the purpose of investigation or hearing, Contractor shall produce original documents related to this Contract. D. The System Agency and any duly authorized authority shall have the right to audit xxxxxxxx both before and after payment, and all documentation that substantiates the xxxxxxxx. E. Contractor shall include this provision concerning the right of access to, and examination of, sites and information related to this Contract in any Subcontract it awards.

  • State Auditor’s Right to Audit A. The state auditor may conduct an audit or investigation of any entity receiving funds from the state directly under the Contract or indirectly through a subcontract under the Contract. The acceptance of funds directly under the Contract or indirectly through a subcontract under the Contract acts as acceptance of the authority of the state auditor, under the direction of the legislative audit committee, to conduct an audit or investigation in connection with those funds. Under the direction of the legislative audit committee, an entity that is the subject of an audit or investigation by the state auditor must provide the state auditor with access to any information the state auditor considers relevant to the investigation or audit. B. The Contractor shall comply with any rules and procedures of the state auditor in the implementation and enforcement of Section 2262.154 of the Texas Government Code.

  • RECORDS; RIGHT TO AUDIT (a) The Sub-Adviser agrees to maintain in the form and for the period required by Rule 31a-2 under the 1940 Act, all records relating to the Fund's investments made by the Sub-Adviser that are required to be maintained by the Fund pursuant to the requirements of Rule 31a-1 under the 1940 Act. The Sub-Adviser agrees that all records that it maintains on behalf of the Fund are the property of the Fund, and the Sub-Adviser will surrender promptly to the Fund any such records upon the Fund's request; provided, however, that the Sub-Adviser may retain a copy of such records. In addition, for the duration of this Agreement, the Sub-Adviser shall preserve for the periods prescribed by Rule 31a-2 under the 1940 Act any such records as are required to be maintained by it pursuant to this Agreement and shall transfer all such records to any entity designated by the Adviser upon the termination of this Agreement. (b) The Sub-Adviser agrees that all accounts, books and other records maintained and preserved by it as required hereby will be subject at any time, and from time to time, to such reasonable periodic, special and other examinations by the SEC, the Fund's auditors, any representative of the Fund, the Adviser, or any governmental agency or other instrumentality having regulatory authority over the Fund.

  • Right to Audit A. The City shall have the right to audit and make copies of the books, records and computations pertaining to the Contract. The Contractor shall retain such books, records, documents and other evidence pertaining to the Contract period and five years thereafter, except if an audit is in progress or audit findings are yet unresolved, in which case records shall be kept until all audit tasks are completed and resolved. These books, records, documents and other evidence shall be available, within ten (10) business days of written request. Further, the Contractor shall also require all Subcontractors, material suppliers, and other payees to retain all books, records, documents and other evidence pertaining to the Contract, and to allow the City similar access to those documents. All books and records will be made available within a 50 mile radius of the City of Xxxxxx. The cost of the audit will be borne by the City unless the audit reveals an overpayment of 1% or greater. If an overpayment of 1% or greater occurs, the reasonable cost of the audit, including any travel costs, must be borne by the Contractor which must be payable within five (5) business days of receipt of an invoice. B. Failure to comply with the provisions of this section shall be a material breach of the Contract and shall constitute, in the City’s sole discretion, grounds for termination thereof. Each of the terms “books”, “records”, “documents” and “other evidence”, as used above, shall be construed to include drafts and electronic files, even if such drafts or electronic files are subsequently used to generate or prepare a final printed document.

  • Owner’s Right to Make Changes Without invalidating the Contract, the Owner, by Change Order and without notice to the sureties, may authorize or order extra work or changes by altering, adding to, or deducting from the Work or the Contract Time, the Contract Sum being adjusted accordingly. All Change Orders shall be performed under the conditions of the original Contract except that any claim for extension of time caused thereby shall be adjusted at the time of signing of the Change Order. (See Change Order formats in Section 7.) Prior to the issuance of the Proceed Order, the Contractor and the Owner shall advise each other in writing of their designees authorized to accept and approve changes to the Contract Sum and the limits to each designee's authority. Should any designee or limits of authority change during the time this Contract is in effect, the Contractor or Owner shall give written notice to the other as provided in Article 1.

  • DXC’s Right to Inspect DXC may, at any time, inspect the software, Services, or Products and associated manufacturing processes. Inspection may occur at Supplier’s facility, plant or subcontractor’s plant. Supplier will inform its vendors and subcontractors of DXC’s right to inspect and shall secure that right for DXC if necessary.

  • Lessor’s Right to Inspect Lessee shall permit Lessor and its authorized representatives as frequently as reasonably requested by Lessor to inspect the Leased Property and Lessee’s accounts and records pertaining thereto and make copies thereof, during usual business hours upon reasonable advance Notice, subject only to any business confidentiality requirements reasonably requested by Lessee.

  • STUDENT’S RIGHT TO CANCEL You have the right to cancel this agreement and obtain a refund of charges paid through the attendance at the first class session, or the seventh day after enrollment, whichever is later.

  • BUYER’S RIGHT TO CANCEL If after completion of an appraisal by a licensed appraiser, Buyer receives written notice from the Lender or the appraiser that the Property has appraised for less than the Purchase Price (a “Notice of Appraised Value”), Buyer may cancel the REPC by providing written notice to Seller (with a copy of the Notice of Appraised Value) no later than the Financing & Appraisal Deadline referenced in Section 24(c); whereupon the Xxxxxxx Money Deposit shall be released to Buyer without the requirement of further written authorization from Seller.

  • Auditor Report; Right to Audit (a) Within the time period permitted for the examination audit pursuant to 12 CFR Section 363 after the end of each fiscal year during which the Receiver makes any payment to the Assuming Institution under this Single Family Shared-Loss Agreement, the Assuming Institution shall deliver to the Receiver a report signed by its independent public accountants stating that they have reviewed the terms of this Single Family Shared-Loss Agreement and that, in the course of their annual audit of the Assuming Institution’s books and records, nothing has come to their attention suggesting that any computations required to be made by the Assuming Institution during such fiscal year pursuant to this Article II were not made by the Assuming Institution in accordance herewith. In the event that the Assuming Institution cannot comply with the preceding sentence, it shall promptly submit to the Receiver corrected computations together with a report signed by its independent public accountants stating that, after giving effect to such corrected computations, nothing has come to their attention suggesting that any computations required to be made by the Assuming Institution during such year pursuant to this Article II were not made by the Assuming Institution in accordance herewith. In such event, the Assuming Institution and the Receiver shall make all such accounting adjustments and payments as may be necessary to give effect to each correction reflected in such corrected computations, retroactive to the date on which the corresponding incorrect computation was made. (b) The Assuming Institution shall perform on an annual basis an internal audit of its compliance with the provisions of this Article II and shall provide the Receiver and the Corporation with copies of the internal audit reports and access to internal audit workpapers related to such internal audit. (c) The Receiver or the FDIC in its corporate capacity (“Corporation”), its contractors and their employees, and its agents may perform an audit or audits to determine the Assuming Institution’s compliance with the provisions of this Single Family Shared-Loss Agreement, including this Article II, by providing not less than ten (10) Business Days’ prior written notice. Assuming Institution shall provide access to pertinent records and proximate working space in Assuming Institution’s facilities. The scope and duration of any such audit shall be within the reasonable discretion of the Receiver or the Corporation, but shall in no event be administered in a manner that unreasonably interferes with the operation of the Assuming Institution’s business. The Receiver or the Corporation, as the case may be, shall bear the expense of any such audit. In the event that any corrections are necessary as a result of such an audit or audits, the Assuming Institution and the Receiver shall make such accounting adjustments and payments as may be necessary to give retroactive effect to such corrections.

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