Books, Records and Audit Sample Clauses
The "Books, Records and Audit" clause requires a party to maintain accurate and complete records related to the agreement and grants the other party the right to review or audit these records. Typically, this means the party must keep financial documents, transaction logs, or other relevant data for a specified period, and allow access to these materials upon reasonable notice. This clause ensures transparency and accountability, enabling verification of compliance with contractual obligations and helping to prevent fraud or mismanagement.
POPULAR SAMPLE Copied 1 times
Books, Records and Audit. The A-E shall keep complete and detailed books and records relating to all Task Orders. These books and records shall be retained by the A-E at its head office for a period of at least three (3) years after the termination of this Agreement. If there is a dispute between the A-E and the County, the books and records shall be retained until the dispute is finally settled. The County shall have the right at all reasonable times to audit the books and records. If such audit discloses that the A-E has charged and received more than it was entitled hereunder, the A-E shall immediately reimburse the County for the excess amount received, together with interest thereon at the rate of one percent (1%) per month but not-to-exceed the legal rate allowed by law accruing from the date such excess amount was received until repayment thereof.
A- E agrees to permit the County’s Auditor-Controller or the Auditor-Controller’s authorized representative (including auditors from a private auditing firm hired by the County) access during normal working hours to all books, accounts, records, reports, files, financial records, supporting documentation, including payroll and accounts payable/receivable records, and other papers or property of A-E for the purpose of auditing or inspecting any aspect of performance under this Agreement. The inspection and/or audit will be confined to those matters connected with the performance of this Agreement including, but not limited to, the costs of administering this Agreement. The County will provide reasonable notice of such an audit or inspection. A-E agrees to allow interviews of any employees or others who might reasonably have information related to such records. Further, A-E agrees to include a similar right to the County to audit records and interview staff of any Team Member or sub-contractors related to performance of this Agreement. The County reserves the right to audit and verify the A-E’s records before final payment is made. Should the A-E cease to exist as a legal entity, the A-E’s records pertaining to this Agreement shall be forwarded to the surviving entity in a merger or acquisition or, in the event of liquidation, to the PM.
Books, Records and Audit. The City shall keep complete and 24 accurate records of the cost of the Project. The City shall permit the DEP and the Authority, or 25 their agents and representatives, to inspect all books, documents, papers and records relating to 26 the Project and the System at all reasonable times for the purpose of audit and examination. The 27 City shall submit to the DEP and the Authority such documents and information as they may 28 reasonably require in connection with the Project, the operation and maintenance of the System 29 and the administration of the loan or any grants or other sources of financing for the Project. 31 The City shall permit the DEP and the Authority, or their agents and 32 representatives, to inspect all records pertaining to the operation and maintenance of the System 33 at all reasonable times following completion of the Project, or, at any reasonable time following 34 commencement of the Project. 36 The City will keep books and records of the System, which shall be separate and 37 apart from all other books, records and accounts of the City, in which complete and correct 38 entries shall be made of all transactions relating to the System, and any Holder of a Bond or 39 Bonds issued pursuant to this Bond Legislation shall have the right at all reasonable times to 40 inspect the System and all parts thereof and all records, accounts and data of the City relating 41 thereto. 42 43 The accounting system for the System shall follow current generally accepted 44 accounting principles and safeguards to the extent allowed and as prescribed by the Public 45 Service Commission of West Virginia. Separate control accounting records shall be maintained 46 by the City. Subsidiary records as may be required shall be kept in the manner and on the forms, 1 books and other bookkeeping records as prescribed by the Governing Body. The Governing 3 system which may be installed remote from the direct supervision of the Governing Body shall 4 be reported to such agent of the City as the Governing Body shall direct. 6 The City shall file with the DEP, the Authority, or any other original purchaser of 7 the Series 2020 A Bonds, and shall mail in each year to any Holder or Holders of the Series 2020 8 A Bonds, requesting the same, an annual report containing the following: 10 (A) A statement of Gross Revenues, Operating Expenses, Net Revenues and 11 Surplus Revenues derived from and relating to the System.
(B) A balance sheet statement showing all deposits in al...
Books, Records and Audit. Vendor shall keep books, accounts, records and documentation ("Records") for the purpose of verifying the proper performance by Vendor of its obligations. Purchaser may audit all such Records for the purpose of verifying the proper performance by ▇▇▇▇▇▇. Vendor shall keep such Records, and Purchaser’s audit rights shall exist for thirty six (36) months from the last day of the calendar year in which the Goods are delivered.
Books, Records and Audit. LESSEE shall maintain and report accurate and complete reports and records, and agrees that for the purpose of demonstrating the correct and appropriate amounts payable to LESSOR and shall keep proper books, records, and accounts in accordance with generally acceptable accounting principles necessary to reflect the accuracy and validity of such payments. ▇▇▇▇▇▇ agrees to give ▇▇▇▇▇▇, or ▇▇▇▇▇▇’S designated examiner, access during reasonable business hours for inspection of LESSEE’S books and records with seven (7) calendar days advance written notice. LESSEE shall produce such books and records at Premises in Wichita, Kansas. The subject of audits, if required by ▇▇▇▇▇▇, shall include only those items necessary to verify and validate the sale of product and service transactions for which the LESSOR is due, or may be due. Such books, ledgers, accounts and records shall be available for inspection by ▇▇▇▇▇▇ for a period of three (3) years from the date of such activity.
Books, Records and Audit. STRATA WEB shall provide to QC DATA a detailed accounting of the QC DATA Data Revenue earned by STRATA WEB in each calendar month and the calculation of STRATA WEB Royalty and Net QC DATA Data Revenue for that month within ten (10) business days of the end of each calendar month. STRATA WEB shall prepare and maintain detailed records of all QC DATA Data Revenue earned by it and deliver to QC DATA, within sixty (60) days of the end of each calendar year and within sixty (60) days of the end of the Term, statements confirming the QC DATA Data Revenues earned by STRATA WEB for the relevant year. QC DATA shall have the right, at its sole cost and expense, to retain a firm of independent auditors, to audit, on behalf of QC Data, all such books and records of STRATA WEB, for the current and immediately preceding fiscal year of STRATA WEB, no more frequently than once in each calendar year and provided such audit is performed at a mutually convenient time with a minimum of five (5) days' notice in writing to STRATA WEB and does not materially interfere with the business operations of STRATA WEB. Any disagreement concerning the calculation of QC DATA Data Revenue, STRATA WEB Royalty or Net QC DATA Data Revenue shall be subject to arbitration as provided for in this Agreement.
Books, Records and Audit. Company shall keep such books, records, and accounts, which are adequate to document and substantiate the transactions in this Agreement. All such books, records, and accounts shall be available at Company’s place of business for inspection and audit by VHA and its authorized representatives at any time during the term of this Agreement and for two (2) years after termination. VHA may inspect and audit them at its expense during normal business hours after at least five (5) business days prior notice, but no more frequently than twice in any consecutive twelve (12) month period. Company shall pay VHA’s reasonable costs of audit in the event that the audit reveals that Company under reported revenues to it or payments to VHA in excess of a five percent (5%) variance.
Books, Records and Audit. Paramit will keep complete Product records in accordance with the signed Quality Agreement.
Books, Records and Audit. Quantum shall keep complete and accurate ------------------------- records which support the payments called for in this Article IV. These records shall be retained for a period of at least three (3) years from the date of the applicable payment or report, notwithstanding the expiration or other termination of this Agreement, the Development Agreement or of any Statement of Work. GM or its designated accounting firm shall have the right to examine and audit, not more than once a year unless the preceding audit revealed a discrepancy, and during normal business hours, all such records and such other records and accounts as may contain, under recognized accounting practices, information bearing upon the amount of payments due to GM hereunder.
Books, Records and Audit. Each party shall provide the other party with accounting support and all information necessary to support subscriber requests and to verify such party's compliance with the terms of this Agreement. Each party shall maintain accurate records of all matters that relate to such party's obligations under this Agreement in accordance with generally accepted accounting principles and practices uniformly and consistently applied in a format that will permit audit. Each party shall retain such records for a period of at least three (3) years from the date of final payment. To the extent that the records may be relevant in determining whether a party is complying with its obligations hereunder, the other party and its authorized representatives shall have access to the records for inspection and audit at all reasonable times during normal business hours. In addition to the other rights reserved to the parties in this Section 3.6, Pegasus shall have the right to have one or more of its employees physically present to observe and audit Nucentrix's operations with respect to its efforts to market to Eligible MMDS subscribers, its provision of installation services, and any other aspect of the conversion process undertaken hereunder by Nucentrix.
Books, Records and Audit. HASC shall maintain books and records relating to all transactions occurring pursuant to this Agreement for a period of three years following termination of this Agreement. Customer and its duly authorized representatives shall have the right upon reasonable notice and at all reasonable hours of normal business days to examine and to copy such records and materials in the possession or under the control of HASC with respect to this Agreement. The cost of such audit or inspection shall be borne by Customer. All information examined, made available and copied by Customer and its representatives shall be deemed to be HASC’s confidential information and subject to the same protections as the HASC Materials under Section 4.2 of Appendix A.