Common use of Internal Control System Clause in Contracts

Internal Control System. The Shipper warrants that it has in place a system of internal controls to prevent any Prohibited Conduct from occurring in connection with this Gas Transportation Agreement, to detect any Prohibited Conduct which has occurred and to ensure the correct recording of financial and other information concerning its operations and/or activities in connection with this Gas Transportation Agreement. The Transporter shall be entitled to rely on the adequacy and effectiveness of the Shipper's internal control framework.

Appears in 5 contracts

Samples: Transportation Confirmation, Transportation Confirmation, Transportation Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!