Common use of Compliance Audit Clause in Contracts

Compliance Audit. (a) No later than 60 days prior to the Commercial Operation Date, the Lessee shall submit to the PSCW, with a copy to Lessor, a written list of Independent Auditing Firms. The PSCW shall select one of the Independent Auditing Firms (the “Compliance Auditor”) and give written notice thereof to Lessor and Lessee. (b) The Compliance Auditor shall perform an annual audit of Lessor’s and Lessee’s compliance with the following provisions of this Facility Lease: Article 5, Section 6.5, Articles 8, 9, Section 11.1(d), Articles 12, 13, 14, 15, 17, and Sections 22.3 and 22.7. The Compliance Auditor’s reports shall be public and shall be filed with the PSCW. The Lessor and/or the Lessee shall either make all adjustments determined to be required under the terms of this Facility Lease by the Compliance Auditor, or, if Lessor or Lessee disagrees with the judgment of the Compliance Auditor, the Lessor or the Lessee shall submit the Dispute to the PSCW for resolution in an expedited regulatory proceeding. Any such proceeding shall be public and Lessee’s customers as well as all other interested parties shall have a right to intervene.

Compliance Audit. (a) No later than 60 sixty (60) days prior to the Commercial Operation Lease Effective Date, the Lessee shall submit to the PSCW, with a copy to Lessor, a written list of Independent Auditing Firms. The PSCW shall select one (1) of the Independent Auditing Firms (the “Compliance Auditor”) and give written notice thereof to Lessor and Lessee. (b) The Compliance Auditor shall perform an annual audit of Lessor’s and Lessee’s compliance with the following provisions of this Facility Lease: Article 57, Section 6.58.5, Articles 810, 911, Section 11.1(d13.1(d), Articles 12, 13, 14, 15, 16, 17, 19, and Sections 22.3 and 22.7. The Compliance Auditor’s reports shall be public and shall be filed with the PSCW. The Lessor and/or the Lessee shall either make all adjustments determined to be required under the terms of this Facility Lease by the Compliance Auditor, or, if Lessor or Lessee disagrees with the judgment of the Compliance Auditor, the Lessor or the Lessee shall submit the Dispute to the PSCW for resolution in an expedited regulatory proceeding. Any such proceeding shall be public and Lessee’s customers as well as all other interested parties shall have a right to intervene.

Compliance Audit. (a) No later than 60 sixty (60) days prior to the Commercial Operation Lease Effective Date, the Lessee shall submit to the PSCW, with a copy to Lessor, a written list of Independent Auditing Firms. The PSCW shall select one (1) of the Independent Auditing Firms (the “"Compliance Auditor”") and give written notice thereof to Lessor and Lessee. (b) The Compliance Auditor shall perform an annual audit of Lessor’s 's and Lessee’s 's compliance with the following provisions of this Facility Lease: Article 57, Section 6.58.5, Articles 810, 911, Section 11.1(d13.1(d), Articles 12, 13, 14, 15, 16, 17, 19, and Sections 22.3 and 22.7. The Compliance Auditor’s 's reports shall be public and shall be filed with the PSCW. The Lessor and/or the Lessee shall either make all adjustments determined to be required under the terms of this Facility Lease by the Compliance Auditor, or, if Lessor or Lessee disagrees with the judgment of the Compliance Auditor, the Lessor or the Lessee shall submit the Dispute to the PSCW for resolution in an expedited regulatory proceeding. Any such proceeding shall be public and Lessee’s 's customers as well as all other interested parties shall have a right to intervene.