Common use of Controls and Audit Clause in Contracts

Controls and Audit. The [Beneficiary][Beneficiaries] must provide any information requested in order to verify proper implementation of the Project, costs incurred under the Project, and compliance with any other obligation under this Agreement. EFI has the right to audit or to nominate any third party to audit the [Beneficiary’s][Beneficiaries’] records relating to implementation of the Project, costs incurred under the Project during term of the Agreement and thereafter for a period of ten years after the payment of the balance. The [Beneficiary][Beneficiaries] must — for a period of ten years after the payment of the balance (or until the end of review procedures, as applicable) — keep records and other supporting documentation in order to prove the proper implementation of the Project and the costs incurred under the Project.