Financial Inspection Sample Clauses
A Financial Inspection clause grants one party the right to review and examine the financial records or accounts of the other party. Typically, this clause outlines the scope of records that can be inspected, the notice period required before an inspection, and any limitations on frequency or confidentiality. For example, a business partner may use this clause to verify revenue reports or expense claims. Its core function is to promote transparency and accountability, helping to prevent fraud or misrepresentation in financial dealings.
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Financial Inspection. Within thirty (30) days after the execution of this Agreement, Buyer and its accountants and representatives shall have commenced generating the financial information required by Form 8-K, as more particularly described in Section 7.1. Seller shall provide Buyer's accountants with a standard representation letter certifying the fairness of the presentation of Seller's financial position, the completeness of the information provided, and the absence of any other irregularities, communications or transactions not otherwise disclosed. The results and findings of such financial inspections shall be satisfactory to Buyer in its sole discretion.
Financial Inspection. Buyer and its accountants and representatives shall have generated the financial information required by Form 8-K, as more particularly described in Section 7.1. Seller shall have provided Buyer's accountants with a standard representation letter certifying the fairness of the presentation of Seller's financial position, the completeness of the information provided, and the absence of any other irregularities, communications or transactions not otherwise disclosed. The results and findings of such financial inspections shall be satisfactory to Buyer in its sole discretion.
Financial Inspection. Elsevier is obliged to provide any and all necessary cooperation to competent authorities during financial inspections carried out to the extent that such is required under applicable mandatory EU legislation and conditions which the Subscriber as the subsidy recipient must comply with. Elsevier is not entitled to any fee or any type of compensation for provision of necessary cooperation during such financial inspections. Elsevier shall be obliged to, in particular, notify costs structure of fulfilling the order/the Agreement on the basis of the request of the Lead Institution or competent authority and persons and bodies authorized by them, and to provide supporting documentation of accounting, invoicing and other nature to submit documents required for the purpose of financial inspection hereunder. Also the Lead Institution shall be entitled to require Elsevier to provide such documentation and information for the purpose of preventive measures connected with evidencing realization of the Agreement. Elsevier´s failure to provide necessary cooperation and/or required documentation during and/or for the purpose of financial inspection carried out by competent authorities shall be considered as a serious breach of the Agreement.
Financial Inspection. 5.1 Within after the close of Franchisee’s fiscal year, Franchisee shall provide to Franchisor a full and complete statement in writing of income and expenses for the Franchise operation for the preceding year. The statement shall be prepared in accordance with accepted accounting standards and practices by an independent accountant or auditor. These documents must be certified by the accountant auditor to be valid.
5.2 Franchisee agrees to provide its books and records for inspection by Franchisor; however, Franchisee shall be given reasonable advance notice by Franchisor of same, and such inspection shall not interfere with the operation of Franchisee’s business.
Financial Inspection a) i) Australia Post may upon one (1) days prior notice to the Licensee, during normal business hours enter the Premises and have access to all records of the Licensee relating to the operations of the Licensed Post Office, (excluding any records relating to Products owned or purchased by the Licensee) to conduct operational inspections as detailed in the Licensed Post Office Manual and to conduct financial inspections (which financial inspection shall not be conducted more than once each financial year);