Common use of Inspections/Audits Clause in Contracts

Inspections/Audits. Lessee agrees to allow Lessor and its agents or any authorized representative of the Secretary, to enter, from time to time, upon and into all parts of the Leased Premises for the purposes of inspection, and shall further agree to keep a full and correct account of all operations and make reports thereof, as required by the regulations of the Secretary governing operations on the Leased Premises. Lessee's books and records pertaining to the Leased Premises shall be open at all times for audits relating to the scope, nature, and extent of compliance with this Lease or with applicable laws, regulations, or orders by Lessor or such officers of the Secretary as shall be instructed in writing by the Secretary or authorized by regulations to make such audit. Lessor and the Secretary shall provide reasonable notice to Lessee of its intent to audit Lessee's books and records. Lessee shall maintain its books and records and they shall be available for audit for the maximum period required by applicable law or regulations. Duly authorized representatives of the Tribal Minerals Department shall have the right to issue written notices of probable violations of applicable federal and tribal laws and regulations.

Appears in 4 contracts

Samples: Oil and Gas Lease, Lease Agreement, Oil and Gas Lease

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Inspections/Audits. Lessee Xxxxxx agrees to allow Lessor Xxxxxx and its agents or any authorized representative of the Secretary, to enter, from time to time, upon and into all parts of the Leased Premises for the purposes of inspection, and shall further agree to keep a full and correct account of all operations and make reports thereof, as required by the regulations of the Secretary governing operations on the Leased Premises. LesseeXxxxxx's books and records pertaining to the Leased Premises shall be open at all times for audits relating to the scope, nature, and extent of compliance with this Lease or with applicable laws, regulations, or orders by Lessor or such officers of the Secretary as shall be instructed in writing by the Secretary or authorized by regulations to make such audit. Lessor and the Secretary shall provide reasonable notice to Lessee of its intent to audit LesseeXxxxxx's books and records. Lessee shall maintain its books and records and they shall be available for audit for the maximum period required by applicable law or regulations. Duly authorized representatives of the Tribal Minerals Department shall have the right to issue written notices of probable violations of applicable federal and tribal laws and regulations.

Appears in 1 contract

Samples: Lease Agreement

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