Common use of Financial Information and Audit Clause in Contracts

Financial Information and Audit. Client agrees to furnish Bank with financial statements, in a form acceptable to the Bank, upon Bank’s request. Client further agrees to furnish Bank upon request with copies of Federal Tax Returns upon their preparation each year together with all other financial information reasonably requested by Bank. Bank shall have the right from time to time in its sole discretion to audit Client’s compliance with the terms of this Agreement, including Client’s compliance with the NACHA Rules and these Service Terms & Conditions, and to require that Client submit to Bank the results of Client’s audit of such compliance in a form as required by Bank.

Financial Information and Audit. Client Customer agrees to furnish Bank with financial statements, in a form acceptable to the Bank, upon Bank’s request. Client Customer further agrees to furnish Bank upon request with copies of Federal Tax Returns upon their preparation each year together with all other financial information reasonably requested by Bank. Bank shall have the right from time to time in its sole discretion to audit ClientCustomer’s compliance with the terms of this Agreementthese Service Terms, including ClientCustomer’s compliance with the NACHA Rules and these Service Terms & ConditionsTerms, and to require that Client Customer submit to Bank the results of ClientCustomer’s audit self- assessment of such compliance in a form as required by Bank.