Control, Audits Sample Clauses

Control, Audits. All project expenditure to be ERDF co-financed must be verified by the responsible public or private institution, following the rules set out in the relevant national control system. In case of ERDF co-financing of expenditure incurred by a project participant located outside the cooperation area but in the area of a member state participating in the programme, this project participant shall have their costs validated by the control body authorised by the state where the participant is located. Each project participant shall get in touch with their control body as early as possible to clarify which documents are needed by this body to perform its task. Furthermore, the project participants shall enable the control body to audit the proper use of funds. With regard to audits that will be carried out in addition to the control (by auditing bodies working on behalf of the European Union or the programme), each project participant shall: keep available all files, documents and data related to the project, either in original or as certified copies, on commonly used data media safely and orderly, until the MA informs that keeping the documents is no longer required by the programme, make all necessary arrangements to ensure that any audit, notified by the duly authorised authority, can be carried out smoothly, give these authorities any information about the project they request and give them access to the accounting books, supporting documents and all other documentation related to the project. National regulations on audits and retention of data and records that are binding for the project participant shall remain applicable, provided that such entail more stringent obligations. The provisions set out above remain applicable to the project participant that withdraws or is debarred from the project.
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Control, Audits. All project expenditure to be ERDF co-financed must be verified by the responsible public or private institution, following the rules set out in the relevant national control system. Each project participant shall get in touch with their control body as early as possible to clarify which documents are needed by this body to perform its task. Furthermore, the project participants shall enable the control body to audit the proper use of funds. With regard to audits that will be carried out in addition to the control (by auditing bodies working on behalf of the European Union or the programme), each project participant shall: keep available all files, documents and data related to the project, either in original or as certified copies, on commonly used data media safely and orderly, until the MA informs that keeping the documents is no longer required by the programme, make all necessary arrangements to ensure that any audit, notified by the duly authorised authority, can be carried out smoothly, give these authorities any information about the project they request and give them access to the accounting books, supporting documents and all other documentation related to the project. National regulations on audits and retention of data and records that are binding for the project participant shall remain applicable provided that such entail more stringent obligations. The provisions set out above remain applicable to the project participant that withdraws or is debarred from the project.
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Control, Audits. 12.1. The Supplier warrants to BMW that the services to be rendered shall comply with prevailing law in effect at all times and meet the highest standards of quality, such quality being an essential and material part of the order placed by BMW and, therefore, of the intention and wishes of BMW.
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Control, Audits. NAIC Group shall, from time-to-time, provide to Cognizant Group Control Objectives. Cognizant Group shall comply with, shall provide the Services in accordance with, and shall otherwise not cause the Services or NAIC Group System’s to fail to satisfy, or cause a weakness or deficiency with respect to, the Control Objectives (including any corrective recommendations or other instructions by NAIC Group). Cognizant Group shall assist NAIC Group in addressing its audit control requirements relating to the Control Objectives, including by: (1) participating in any reviews by NAIC Group as to compliance with such requirements; and (2) including NAIC Group in any reviews by Cognizant Group as to compliance with such requirements. Cognizant Group shall promptly remediate any weakness or deficiency revealed in connection with an audit of the Control Objectives or as a result of any failure by Cognizant Group to comply with, or to provide Services which comply with, the Control Objectives, at its cost and expense.
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Control, Audits. 12.1. The Supplier warrants to ALPHABET that the services to be rendered shall comply with prevailing law in effect at all times and meet the highest standards of quaity, such quality being an essential and material part of the order placed by ALPHABET and, therefore, of the intention and wishes of ALPHABET.
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Control, Audits. 19.1 The Supplier shall allow the Customer to carry out audits by the Customer itself and inspections by inspection agencies, the scope of which shall be to verify compliance with the obligations undertaken by the Supplier in connection with the agreed Services.
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Control, Audits 
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Related to Control, Audits

  • Financial Audit The School shall submit audited financial statements from an independent auditor to the Authorizer no later than November 1 of each year.

  • Field Audits The Borrower shall permit the Bank to inspect the Inventory, other Tangible Assets and/or other business operations of the Borrower and each Subsidiary, to perform appraisals of the Equipment of the Borrower and each Subsidiary, and to inspect, audit, check and make copies of, and extracts from, the books, records, computer data, computer programs, journals, orders, receipts, correspondence and other data relating to Inventory, Accounts and any other Collateral, the results of which must be satisfactory to the Bank in the Bank’s sole and absolute discretion. All such inspections or audits by the Bank shall be at the Borrower’s sole expense, provided, however, that so long as no Event of Default or Unmatured Event of Default exists, the Borrower shall not be required to reimburse the Bank for inspections or audits more frequently than once each fiscal year.

  • Records; Audits Merck will keep, and will cause each of the other Selling Parties, as applicable, to keep, and Moderna will keep, adequate books and records of accounting for the purpose of calculating all royalties and other amounts payable by either Party to the other Party hereunder and ensuring each Party’s compliance hereunder. For the [***] following the end of the Calendar Year to which each will pertain, such books and records of accounting (including those of its Affiliates, as applicable) will be kept at each of their principal place of business. At the request of either Party, the other Party will permit (and procure its Affiliates, to permit) an independent certified public accounting firm of internationally recognized standing selected by the auditing Party and reasonably acceptable to the other Party to have access during normal business hours to such of the records as may be reasonably necessary to verify the accuracy of the payments [***] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED due hereunder for any Calendar Year ending not more than [***] following the end of any Calendar Year. Such examinations may not be conducted more than once in any Calendar Year or be repeated for any Calendar Year. The accounting firm shall disclose to the auditing Party only whether the reports are correct or incorrect and the amount of any discrepancy. No other Confidential Information shall be provided. If such accounting firm correctly identifies a discrepancy made during such period, the appropriate Party shall pay the other Party the amount of the discrepancy within [***] of the date of delivery of such accounting firm’s written report so correctly concluding, or as otherwise agreed upon by the Parties. The fees charged by such accounting firm shall be paid by the auditing Party, provided that if the underpayment or overcharge exceeds [***], the audited Party shall pay the fees. Upon the expiration of [***] following the end of any Calendar Year, absent willful misconduct or fraud by a Party (its Affiliates, as applicable) the calculation of amounts payable with respect to such Calendar Year shall be binding and conclusive upon the Parties, and the Parties shall be released from any liability or accountability with respect to amounts payable for such Calendar Year. The auditing Party shall treat all financial information subject to review under this Section 8.6(c) in accordance with the confidentiality and non-use provisions of this Agreement, and shall cause its accounting firm to enter into an acceptable confidentiality agreement with the audited Party obligating it to retain all such Confidential Information in confidence pursuant to such confidentiality agreement.

  • Audits No more than once a year, or following unauthorized access, upon receipt of a written request from the LEA with at least ten (10) business days’ notice and upon the execution of an appropriate confidentiality agreement, the Provider will allow the LEA to audit the security and privacy measures that are in place to ensure protection of Student Data or any portion thereof as it pertains to the delivery of services to the LEA . The Provider will cooperate reasonably with the LEA and any local, state, or federal agency with oversight authority or jurisdiction in connection with any audit or investigation of the Provider and/or delivery of Services to students and/or LEA, and shall provide reasonable access to the Provider’s facilities, staff, agents and XXX’s Student Data and all records pertaining to the Provider, LEA and delivery of Services to the LEA. Failure to reasonably cooperate shall be deemed a material breach of the DPA.

  • Compliance Audits D.4.1 Compliance Audit(s). Without limiting the generality of section A.7.4 (Records Review), if requested by the Province from time to time, which request shall be at the Province’s sole discretion, the Recipient, at its own expense, will forthwith retain an independent third party auditor to conduct one or more compliance audits of the Recipient or any Project. The audit will be conducted in accordance with Canadian Generally Accepted Auditing Standards, as adopted by the Canadian Institute of Chartered Accountants, applicable as of the date on which a record is kept or required to be kept under such standards. In addition, the audit will assess the Recipient’s compliance with the terms of the Agreement and will address, with respect to each Project, without limitation, the following:

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