Common use of Franchise Fees Subject to Audit Clause in Contracts

Franchise Fees Subject to Audit. 7.2.1 Upon notice pursuant to Section 13.2 herein, during Normal Business Hours at Franchisee’s principal business office, the Franchising Authority shall have the right to inspect the Franchisee’s financial records used to calculate the Franchising Authority’s franchise fees; provided, however, that any such inspection shall take place within two (2) years from the date the Franchising Authority receives such payment, after which period any such payment shall be considered final.

Franchise Fees Subject to Audit. 7.2.1 Upon notice pursuant to Section 13.2 herein, during Normal Business Hours at Franchisee’s principal business officereasonable prior written notice, the Franchising Authority shall have the right to inspect the FranchiseeGrantee’s financial records used to calculate the Franchising Authority’s franchise fees; provided, however, that any such inspection shall take place within two (2) years from the date the Franchising Authority receives such payment, after which period any such payment shall be considered final.

Franchise Fees Subject to Audit. 7.2.1 7.1.2.1. Upon notice pursuant to Section 13.2 15.2 herein, during Normal Business Hours at Franchisee’s principal business office, the Franchising Authority shall have the right to inspect the Franchisee’s financial records used to calculate the Franchising Authority’s franchise fees; provided, however, that any such inspection shall take place within two (2) years from the date the Franchising Authority receives such payment, after which period any such payment shall be considered final.