Common use of Inspection and Retention of Records Clause in Contracts

Inspection and Retention of Records. Each Party shall have the right at all reasonable times to audit the records of the other Party which are pertinent to the Agreement; provided, however, that each Party shall adequately protect the confidentiality of proprietary information. If any such examinations reveal any inaccuracy in any billing theretofore made, the necessary adjustments in such billing and payment shall be made within thirty (30) days after final determination thereof; provided, that no adjustments for any billing or payment shall be made for any inaccuracy claimed after the lapse of twenty-four (24) months from the rendition of the invoice(s) relating thereto. All of the records including, measurement, safety, operational, accounting records and accounts referred to herein shall be maintained according to generally accepted accounting and industry principles employed in the business of the purchase, transportation and sales of gas or in accordance with any laws, rules or regulations which are or may become applicable, and such records and accounts will be available for inspection at times mutually agreeable to the Parties hereto.

Inspection and Retention of Records. Each Party shall have the right at all reasonable times to audit the records of the other Party which are pertinent to the Agreement; provided, however, that each Party shall adequately protect the confidentiality of proprietary information. If any such examinations reveal any inaccuracy in any billing theretofore made, the necessary adjustments in such billing and payment shall be made within thirty (30) days after final determination thereof; provided, that no adjustments for any billing or payment shall be made for any inaccuracy claimed after the lapse of twenty-four (24) months from the rendition of the invoice(s) relating thereto. All of the records records, including, measurement, safety, operational, accounting records and accounts referred to herein shall be maintained according to generally accepted accounting and industry principles employed in the business of the purchase, transportation and sales sale of gas or in accordance with any laws, rules or regulations which are or may become applicable, and such records and accounts will be available for inspection at times mutually agreeable to the Parties hereto.

Inspection and Retention of Records. Each Party shall have the right at all reasonable times to audit the records of the other Party which are pertinent to the Agreement; provided, however, that each Party shall adequately protect the confidentiality of proprietary information. If any such examinations reveal any inaccuracy in any billing theretofore made, the necessary adjustments in such billing and payment shall be made within thirty (30) days after final determination thereof; provided, that no adjustments for any billing or payment shall be made for any inaccuracy claimed after the lapse of twenty-four (24) months from the rendition of the invoice(s) relating thereto. All of the records includingrecords, including measurement, safety, operational, accounting records and accounts referred to herein herein, shall be maintained according to generally accepted accounting and industry principles employed in the business of the purchase, transportation and sales of gas or in accordance with any laws, rules or regulations which are or may become applicable, and such records and accounts will be available for inspection at times mutually agreeable to the Parties hereto.

Inspection and Retention of Records. Each Party shall have the right at all reasonable times to audit the records of the other Party which are pertinent to the Agreement; provided, however, that each Party shall adequately protect the confidentiality of proprietary information. If any such examinations reveal any inaccuracy in any billing theretofore made, the necessary adjustments in such billing and payment shall be made within thirty (30) days after final determination thereof; provided, that no adjustments for any billing or payment shall be made for any inaccuracy claimed after the lapse of twenty-four (24) months from the rendition of the invoice(s) relating thereto. All of the records including, measurement, safety, operational, accounting records and accounts referred to herein shall be maintained according to generally accepted accounting and industry principles employed in the business of the purchase, transportation and sales of gas or andor in accordance with any laws, rules or regulations which are or may become applicable, and such records and accounts will be available for inspection at times mutually agreeable to the Parties hereto.