Common use of City Audit Clause in Contracts

City Audit. If the City disagrees with the results of the Company’s audit, and if the parties are not able to informally resolve their differences, the City may conduct its own audit at its own expense, in accordance with generally accepted auditing principles applicable to electric and gas utilities, and the Company shall cooperate by providing the City’s auditor with non-confidential information that would be required to be disclosed under applicable state sales and use tax laws.

Appears in 2 contracts

Samples: Settlement Agreement, Franchise Agreement

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City Audit. If the City disagrees with the results of the Company’s audit, and if the parties are not able to informally resolve their differences, the City may conduct its own audit at its own expense, in accordance with generally accepted auditing principles applicable to electric and gas utilitiesutilities that are developed in accordance with the Institute of Internal Auditors, and the Company shall cooperate by providing the City’s auditor with non-confidential information that would be required to be disclosed under applicable state sales and use tax lawslaws and applicable PUC rules and regulations.

Appears in 2 contracts

Samples: Franchise Agreement, Franchise Agreement

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City Audit. If the City disagrees with the results of the Company’s audit, and if the parties are not able to informally resolve their differences, the City may conduct its own audit at its own expense, in accordance with generally accepted auditing principles applicable to electric and gas utilities, and the Company shall cooperate by providing the City’s auditor with non-confidential information that would be required to be disclosed under applicable state sales and use tax lawslaws and applicable PUC rules and regulations.

Appears in 1 contract

Samples: Franchise Agreement

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