Common use of Formal Audits Clause in Contracts

Formal Audits. Customer will keep complete and accurate records of all Software use. Micro Focus may at its expense and upon no less than 5 working days written notice audit Customer installation, use, or access of the Software and related records and SLA payments. As part of such audit, Micro Focus is entitled to obtain physical and electronic data concerning all Software installation, use, or access at each of Customer’s offices, regardless of their location. At Micro Focus’s option, the audit may be conducted either by Micro Focus or by its authorized representative, and will not interfere unreasonably with Customer business activities. An audit will be conducted no more often than once per calendar year at a location, unless a previous audit disclosed a material discrepancy. If an audit shows Customer to have underpaid fees, Customer must promptly purchase from Micro Focus at list price sufficient licenses and Maintenance to support the actual deployment, including Maintenance to support the shortfall. If an audit shows Customer has underpaid amounts owing by more than 5%, Customer will also within 30 days pay the reasonable expenses of the audit.

Formal Audits. Customer will keep complete and accurate records of all Software use. Micro Focus may at its expense and upon no less than 5 working days written notice audit Customer installation, use, or access of the Software and related records and SLA ALA payments. As part of such audit, Micro Focus is entitled to obtain physical and electronic data concerning all Software installation, use, or access at each of Customer’s offices, regardless of their location. At Micro Focus’s option, the audit may be conducted either by Micro Focus or by its authorized representative, and will not interfere unreasonably with Customer business activities. An audit will be conducted no more often than once per calendar year at a location, unless a previous audit disclosed a material discrepancy. If an audit shows Customer to have underpaid fees, Customer must promptly purchase from Micro Focus at list price sufficient licenses and Maintenance to support the actual deployment, including Maintenance to support the shortfall. If an audit shows Customer has underpaid amounts owing by more than 5%, Customer will also within 30 days pay the reasonable expenses of the audit.