Calculation Records Clause Samples

Calculation Records. (a) For the purpose of determining the gross value payable in respect of any sale of Mine Product under this Agreement, the Company shall take reasonable steps (either by the certificate of a competent independent party acceptable to the Commissioner General’s or otherwise to the Commissioner General’s satisfaction) to satisfy the Government as to the correctness of all relevant weights, assays and analyses for the purposes of the Royalty calculation in accordance with clause 22.2 and shall give due regard to any objection or representation made by the Commissioner General as to any weight, assay or analysis affecting the Royalty calculation. (b) The gross sum realized and any claimed deduction with respect to the calculation of the gross value shall be supported by such information as the Commissioner General may reasonably require and in the absence of such supporting documentation may be disallowed by the Commissioner General. Any claimed deduction may be subject to audit by the Commissioner General.