Financial Records; Audit. Seller shall retain all records and documents pertaining to the Goods for a period of no less than four (4) years after final payment. Such records and documents shall date back to the time this Contract was issued and shall include without limitation, catalogs, price lists, invoices, and inventory records for purposes of verification of prices or rates charged by seller for Goods procured by Xxxxx. Buyer shall have the right to examine, reproduce, and audit all such records related to pricing, incurred costs and proposed costs associated with any proposal (prior to or after contract award), invoices or claims.
Financial Records; Audit. (a) Each Party will keep, and require its Affiliates to keep, reasonably detailed, fair and true books of accounts and records for the purpose of determining the amounts payable to the other Party pursuant to this Agreement. Such books and records will be kept for at least three (3) full years following the end of the year to which they pertain.
Financial Records; Audit. Buyer shall (and shall cause its Affiliates, licensees and sublicensees to) maintain complete and accurate records in sufficient detail to permit Seller to confirm the accuracy of the financial reports submitted by Buyer pursuant to Section 2.3.3, the achievement of the milestones specified in Section 2.3.2, and the dates of the [*]. Upon reasonable prior notice, such records shall be open during regular business hours for a period of [*] from the creation of individual records for examination by an internationally recognized independent certified public accountant selected by Seller and reasonably acceptable to Buyer for the sole purpose of verifying for Seller the accuracy of the financial reports furnished by Buyer pursuant to this Agreement or of any payments made, or required to be made, by Buyer to Seller pursuant to this Agreement. Such audits may occur no more often than once each calendar year. The results of such audit shall be final, absent manifest error. If the audit report concludes that additional amounts are owed by Buyer, Buyer shall pay such additional amounts to Seller, with interest from the original due date as provided in Section 2.3.7, within thirty (30) days after the receipt of the audit report. If the audit report concluded that excess amounts were paid by Buyer, Buyer may credit such excess amounts against future payments due under this Agreement. Seller shall bear the cost of such audit unless such audit reveals an underpayment by Buyer of more than five percent (5%) of the amounts otherwise due for the audited period, in which case Buyer shall reimburse Seller for the reasonable costs for such audit.
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Financial Records; Audit. (a) Acer will keep, and require its Affiliates to keep, reasonably detailed, fair and true books of accounts and records for the purpose of determining the amounts payable to Relief pursuant to this Termination Agreement. Such books and records will be kept for at least three (3) full years following the end of the year to which they pertain.
Financial Records; Audit. The Contractor must maintain a system of accounting procedures and practices enough for the Rocky to determine to its satisfaction that the system (1) permits timely development of all necessary cost data in the form contemplated by the contract type, and (2) is adequate to allocate costs in accordance with Generally Accepted Accounting Principles. The financial records must adequately identify the source and applications of funds for the contract supported activities including contract payments, obligations, unobligated balances, assets, liabilities, outlays, other funding sources and income. The financial system must insure effective control and accountability for contract funds and property obtained with contract funds. Generally accepted accounting principles must be used to record and report all costs. Furthermore, a contractor who is a recipient of federal funding may be subject to audit requirements stipulated in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, 2 CFR 200.501.
Financial Records; Audit. Jefferson Island shall preserve all books and records used to calculate the Compensation for a period of at least three (3) years after any payment. In addition to any rights granted by Applicable Law or Applicable Procedure, the State and its agents shall have the right, at any time, to audit Jefferson Island’s books and records as they pertain to the calculation of the Compensation. Jefferson Island shall reasonably cooperate with the State in any such audit, and any such audit shall be at the sole cost of the State and shall be done so as not to unreasonably interfere with Jefferson Island’s operations; provided, however, if such audit should disclose that Jefferson Island’s final statement of the Compensation made in connection with any applicable payment, as the case may be, was less than ninety percent (90%) of the Compensation as determined by the State’s audit, Jefferson Island shall be responsible for the reasonable cost of the audit. Jefferson Island shall be notified in writing of any exception taken as a result of an audit.
Financial Records; Audit. Each Party will at all times keep or cause or procure to be kept and for at least [***] years retain accurate data, accounts and supporting documentation for payment of the fees payable pursuant to Section 4.1, Section 4.2, and Sections 2.1.3(b), 2.2.2(b) and 2.3.2(b), as applicable (collectively, “Records”), to the extent such Records are reasonably required for the computation and verification of such sums payable. Each Party (to whom amounts are payable hereunder) will give to or procure for a requesting Party’s nominated representative, upon reasonable request in writing and no more than [***], access to its facilities during normal business hours to inspect all Records kept in accordance with this Section 3.5 and to make copies or to take extracts from these Records. However, a requesting Party’s nominated representative will not disclose to any other Party or any Third Party any Confidential Information belonging to the Party providing such information but will merely report on any under or over payment discovered as a result of his inspection. The requesting Party will bear all costs of such audit, unless the audit reveals an underpayment of more than [***]% from payments otherwise due and payable hereunder, in which case the audited Party will bear the cost of the audit.
Financial Records; Audit. Upon written request from Landlord, Administrator, Apple or any City agency or other Governmental Authority, Tenant shall furnish to Landlord at any time that the Premises are used such that, if Tenant owned fee title to the Premises, the Premises would be “income-producing property” as that term is used in City Administrative Code Section 11-208.1 (or successor thereto), income and expense statements substantially similar to those required by such code section (or successor thereto) as if Tenant were the “owner” of the Premises as such term is used in said Section 11-208.1, such statements to be submitted within the time periods and to the address provided for in said Section 11-208.1 and such statements to be submitted notwithstanding that the City holds fee title to the Premises. Landlord and/or Lease Administrator may request to review and audit current and past financial statements for the Project, which Tenant shall produce, subject to reasonable prior notice. Notwithstanding any of the foregoing to the contrary, so long as Tenant or the Guarantor or its parent company is either a public company or a publicly reporting and filing company, to the extent financial information as to Tenant or Guarantor which Tenant would be otherwise required to deliver hereinabove is available to Landlord via XXXXX or other online service, then Landlord agrees that it shall obtain such financial information through such service and Tenant shall not be required to make the physical deliveries required hereinabove, provided that if Landlord requests financial information that is unavailable on such online services, Tenant shall deliver such financial information to Landlord with the understanding that such financial information shall be kept confidential by Landlord.
Financial Records; Audit. (a) Tracon shall keep, and require its Affiliates, to keep, reasonably detailed, fair and true books of accounts and records for the purpose of determining the amounts payable to Eucure pursuant to this Agreement. Eucure shall keep, and require the CMO, to keep, reasonably detailed, fair and true books of accounts and records for the purpose of determining the amounts of COGS for Collaborative Product. In each case, such books and records shall be kept for at least [***] following the end of the year to which they pertain.
