CITY’S RIGHT TO AUDIT. Town reserves the reasonable right at its own expense to conduct audits of CineLux's operations under this Agreement. All accounting records, basic or secondary, used in the ordinary course of business and all banking deposit tickets, statements and any other banking records, purchase invoices, and all records of sales, excise or other taxes paid or payable by CineLux for sales, fees and charges from the operation of the Theatre shall be made available, upon reasonable notice and request, to Town's Manager, Town's Attorney, Town's Director of Finance, and/or the Town’s Director for inspection and/or auditing purposes upon Town's request.
CITY’S RIGHT TO AUDIT. City reserves the right to audit and to examine any cost, revenue, payment, charges, claim, other record, or supporting documentation resulting from any items set forth in this Agreement. Any such audit(s) shall be undertaken by City or City’s representative(s) at reasonable times and in conformance with generally accepted auditing standards. City’s rights to audit shall include the right to contact third parties to confirm entries in Manager’s supporting documentation. Manager agrees to fully cooperate with any such audits and shall make office and support facilities available to City representatives as may be reasonably necessary to complete any such audits and inspections. At City’s request, Manager shall make its books and records available to the City or its representatives. Manager shall also provide City or its representative with copies of specifically identified books and records.
CITY’S RIGHT TO AUDIT. The CITY reserves the right to audit the AUDITOR’s records throughout the term of the Agreement and in accordance with Public Records requirement established for the retention period.
CITY’S RIGHT TO AUDIT. Within (and in no event later than) one hundred eighty (180) days after the end of each Fiscal Year, the City shall be entitled to cause a certified public accountant designated by the City (and approved by Columbia, such approval not to be unreasonably withheld) to audit Columbia’s books and records relevant to the calculation of Net Revenues reported by Columbia during the preceding Fiscal Year. Any audit shall be performed in a reasonable manner, during ordinary business hours and without unreasonably interfering with Columbia’s business. If such audit reveals that Net Revenues were understated, then within thirty (30) days after receipt of the audit with appropriate backup documentation, Columbia shall pay the net additional Percentage Amount due on account of the audit corrections. If such audit reveals that Net Revenues were overstated, then Columbia shall be entitled to a credit against the next payment(s) of the Percentage Amount in an amount equal to the previous overpayment revealed by the audit corrections. Any adjusting payment on account of previous overpayment or underpayment shall bear interest at the Prime Rate, as defined, from the date it would have been paid (or the date of Columbia’s previous overpayment, if applicable) had Columbia’s annual statement been correct until the date actually paid or credited. If Percentage Amount was understated by more than 5 percent (5%), then Columbia shall pay the reasonable cost of such audit; otherwise the audit shall be conducted at the City’s expense. Columbia hereby agrees to permit the City to obtain from the state of Mississippi copies of any of its filings in relation to the development described herein, including the sales tax, gross revenues tax and any other tax-related information. Columbia hereby authorizes the state of Mississippi tax commission or other applicable governmental entity to release such information as requested in writing by the City. The City shall provide Columbia with a copy of any request made for the above described information.
CITY’S RIGHT TO AUDIT. The CITY reserves the right for CITY’S internal audit department personnel, or an independent certified public accounting firm selected by CITY, to conduct examinations, during normal business hours, of the books and records maintained by INSERT ENTITY NAME HERE with respect to its expenditures hereunder, which books and records shall be made available to City upon at least thirty (30) days’ notice to the INSERT ENTITY NAME HERE of CITY’S inspection and audit. Any and all reasonable costs incurred by the CITY associated with any audit described herein shall be shared equally by the CITY and INSERT ENTITY NAME HERE.
CITY’S RIGHT TO AUDIT. The CITY reserves the right for CITY’S internal audit department personnel, or an independent certified public accounting firm selected by CITY, to conduct examinations, during normal business hours, of the books and records maintained by CHAMBER OF COMMERCE with respect to its expenditures hereunder, which books and records shall be made available to City upon at least thirty (30) days’ notice to the CHAMBER OF COMMERCE of CITY’S inspection and audit. Any and all reasonable costs incurred by the CITY associated with any audit described herein shall be shared equally by the CITY and CHAMBER OF COMMERCE.
CITY’S RIGHT TO AUDIT. The CITY reserves the right to audit the XXXX’x records throughout the term of this AGREEMENT and in accordance with Florida Public Records Act requirements, including but not limited to the required retention period.
CITY’S RIGHT TO AUDIT. All Lessee’s books or accounts and records shall be kept and made available at one location within the limits of the City of San Diego. City shall have the right at any reasonable time to examine and perform audits of Xxxxxx’s records pertaining to its operations on the Premises. The full cost of each audit shall be borne by City, unless one or both of the following conditions exists, in which case Xxxxxx shall reimburse City for all costs of the audit:
29.2.1 For any given lease year, if an audit reveals an underpayment of rent of more than five percent (5%) on an annual basis, calculated as the difference between the rent reported as payable by Xxxxxx and the rent payable as determined by the audit; or
29.2.2 Lessee failed to maintain true, accurate, and complete books, records, accounts, and supporting source documents as required by this Lease. Any rent deficiency determined by the audit shall be delinquent rent, subject to all penalties and remedies provided to City for delinquent rent. City shall credit any overpayment determined by the audit, without interest, against future rents due under this Lease. If no future rents are then due under this Lease, City shall refund to Lessee any overpayment determined by the audit, without interest, within sixty (60) days after City’s certification of the audit.
CITY’S RIGHT TO AUDIT. City reserves the right at its own expense to conduct audits of SJSU's operations under this Use Agreement. All accounting records, basic or secondary, used in the ordinary course of business, including cash register tapes and all banking deposit tickets, statements and any other banking records, purchase invoices, and all records of sales, excise or other taxes paid or payable by SJSU for sales, fees and charges from the operation of the Theatre shall be made available to City's Manager, City's Attorney, City's Director of Finance, City's Auditor and/or the City’s Director for inspection and/or auditing purposes upon City's request.
CITY’S RIGHT TO AUDIT. The City will at all times and upon at least two (2) business days prior notification, which notification may be verbal, have the right to conduct audits and examinations and to make copies of the books and records maintained as required by this Agreement, no matter where such books and records are located. Such right may be exercised through any agent or employee of the City, or any certified public accountant designated by the City. Should the City discover either material weaknesses in internal control or errors in record keeping, the Conservancy shall correct such discrepancies promptly upon the City’s request and shall inform the City in writing of the action taken to correct such audit discrepancies. Any and all audits conducted by the City shall be at the City’s expense.
