Common use of Authority's Right to Audit Clause in Contracts

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.

Appears in 11 contracts

Samples: Rental Car Concession Agreement, Concession Contract, Concession Contract and Lease

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Authority's Right to Audit. The Authority shall have the right, upon reasonable notice to Contractor to audit the corporate books and records records, including information technology system 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.

Appears in 6 contracts

Samples: Concession Contract, Concession Contract, Management Contract

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.

Appears in 2 contracts

Samples: Concession Management Contract, Concession Management Contract

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Authority's Right to Audit. The Authority shall have the right, upon reasonable notice to Contractor to inspect and audit the corporate Contractor’s books and records relating to the operation of the Contractor Contractor’s rights and operations under this Contract 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 a procedures audit and will provide the procedures for such audit.

Appears in 1 contract

Samples: Concession Contract

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