Contractor Internal Audits Clause Samples

Contractor Internal Audits. (a) If Contractor determines as a result of its own internal audit that it has overcharged Oncor, then within [*****] days following such determination Contractor shall pay to Oncor the amount of the overcharge, plus Interest calculated from the date of receipt by Contractor of the overcharged amount until the date of payment to Oncor. (b) If Contractor determines as a result of its own internal audit (or audit conducted on its behalf by a contractor or any third party) that it is in breach of this Agreement, then within [*****] days following such determination Contractor shall notify Oncor of such breach.