Maintenance of Books and Records Audits Sample Clauses

Maintenance of Books and Records Audits. (a) APIL Partners shall prepare and shall cause the Company to maintain complete and accurate books of account and records (specifically including, without limitation, the originals or copies of documents supporting entries in the books of account) covering all transactions arising out of or relating to this Agreement, except such books and records as may be maintained by Donnelley and DonTech II, in such manner as will allow Donnelley's accountants to audit such books of account and records at Donnelley's expense in accordance with generally accepted auditing standards. Upon written request to APIL Partners, Donnelley and its duly authorized representatives shall have the right, during mutually agreeable regular business hours, for the duration of this Agreement, to audit APIL Partners' and the Company's books of account and records and examine all other documents and material in the possession or under the control of APIL Partners or the Company with respect to the subject matter and the terms of this Agreement, including, without limitation, invoices, credits and collections documents. All such books of account, records and documents shall be kept available by APIL Partners for inspection for a period of not less than six (6) years after the end of the each applicable year to which such records relate. Donnelley's right to inspect and audit shall lapse and Donnelley shall be deemed to have waived the same and acknowledged the accuracy of payments made with respect to any year of this Agreement, unless such inspection and audit is commenced within two (2) years following the expiration of such year. (b) If any audit of the Company's or APIL Partners' books and records discloses that the Company's and APIL Partners' payments were less than the amount which should have been paid by an amount equal to five (5%) percent or more of the payments actually made with respect to the Revenue Participation Interests occurring during the period in question, APIL Partners shall reimburse Donnelley for the cost of such audit and shall make all payments required to be made to eliminate any discrepancy revealed by such audit within fifteen (15) days after Donnelley's demand therefor, together with interest from the original due date to the payment date at the Rate plus two (2%) percent. (c) If any such audit discloses that APIL Partners' payments were less than the amount which should have been paid by an amount equal to less than five (5%) percent or less of the payment...
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Maintenance of Books and Records Audits. The Administrative Services Agreement shall provide that: (i) ARIAD shall maintain true and complete books of account containing an accurate record of the data necessary for the proper determination and computation of all charges and costs to be reimbursed by the Joint Venture to ARIAD under the terms of the Administrative Services Agreement; provided, however, that ARIAD shall not be required hereby to maintain any duplicate books of account or records; (ii) ARIAD shall retain and maintain such records in accordance with ARIAD's records retention policy for its other books and records; provided, however, that no such retained records will be destroyed without the consent of HMRI (such consent not to be unreasonably withheld); (iii) the Joint Venture and HMRI shall each have the right, using the firm of independent certified public accountants employed by ARIAD to conduct ARIAD's regular annual audit, or another national firm of independent certified public
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Maintenance of Books and Records Audits. The Scientific Research Services Agreement shall provide that: (i) ARIAD shall maintain true and complete books of account containing an accurate record of the data necessary for the proper determination and computation of all charges and costs to be reimbursed by the Joint Venture under the terms of the Scientific Research Services Agreement; provided, however, that ARIAD shall not be required hereby to maintain any duplicate books of account or records; (ii) ARIAD shall retain and maintain such records in accordance with ARIAD's records retention policy for its other books and records; provided, however that no such retained records shall be destroyed without the consent of HMRI (such consent not to be unreasonably withheld); (iii) the Joint Venture and HMRI shall each have the right, using the firm of independent certified public accountants employed by ARIAD to conduct ARIAD's regular annual audit, or another national firm of independent certified public accountants acceptable to ARIAD (whose approval of such accountants will not be unreasonably withheld), to audit such books on any one occasion as to each fiscal year within two (2) years after the delivery of year-end financial statements for the fiscal year to which they relate for the purpose of verifying such charges and costs; and (iv) such examination shall be made upon reasonable advance notice to ARIAD during normal business hours at the
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Maintenance of Books and Records Audits. ARIAD shall maintain true and complete books of account containing an accurate record of the data necessary for the proper determination and computation of all charges and Reimbursable Costs to be reimbursed by the Company to ARIAD under the terms of this Agreement; provided, however, that ARIAD shall not be required hereby to maintain any duplicate books of account or records. ARIAD shall retain and maintain such records in accordance with ARIAD's records retention policy for its other books and records; provided, however, such retained records shall not be destroyed without the consent of HMRI (such consent not to be unreasonably withheld). The Company and HMRI shall each have the right, using the firm of independent certified public accountants employed by ARIAD to conduct ARIAD's regular annual audit, or another national firm of independent certified public accountants acceptable to ARIAD (whose approval of such accountants will not be unreasonably withheld), to audit such books on any one occasion as to each fiscal year within two (2) years after the delivery of year-end financial statements for the fiscal year to which they relate for the purpose of verifying such charges and costs. Such examination shall be made upon reasonable advance notice to ARIAD during normal business hours at the Principal Office of the Company.
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Maintenance of Books and Records Audits. To maintain adequate books, accounts and records in accordance with generally accepted accounting practices with appropriate notations thereon of all assignments to Lender; and to permit Lender, or its representatives at any reasonable time to inspect or examine or audit the books, accounts and records of Borrower. Borrower shall be responsible to Lender for such audit fees as Lender may reasonably assess in connection with any such audit or examination, not to exceed, unless an Event of Default shall be continuing, $4,500 per audit.
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Maintenance of Books and Records Audits 
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Related to Maintenance of Books and Records Audits

  • Maintenance of Books and Records Fund Accountant will keep and maintain the following books and records of each Fund pursuant to Rule 31a-1 under the Investment Company Act of 1940 (the "Rule"): (i) Journals containing an itemized daily record in detail of all purchases and sales of securities, all receipts and disbursements of cash and all other debits and credits, as required by subsection (b)(1) of the Rule; (ii) General and auxiliary ledgers reflecting all asset, liability, reserve, capital, income and expense accounts, including interest accrued and interest received, as required by subsection (b)(2)(I) of the Rule; (iii) Separate ledger accounts required by subsection (b)(2)(ii) and (iii) of the Rule; and (iv) A monthly trial balance of all ledger accounts (except shareholder accounts) as required by subsection (b)(8) of the Rule.

  • Maintenance of Books and Records; Inspection The Company shall maintain its books, accounts and records in accordance with generally accepted accounting principles consistently applied, and permit the Secured Party, its officers and employees and any professionals designated by the Secured Party in writing, at any time to visit and inspect any of its properties (including but not limited to the collateral security described in the Transaction Documents and/or the Loan Instruments), corporate books and financial records, and to discuss its accounts, affairs and finances with any employee, officer or director thereof.

  • Maintenance of Books and Records; Record Retention 5.1. Ultimus shall maintain and keep current the accounts, books, records and other documents relating to the Services as may be required by applicable law, rules, and regulations, including Federal Securities Laws as defined under Rule 38a-1 under the Investment Company Act.

  • Books and Records; Audits (i) Contractor shall maintain complete and accurate accounting records, and shall retain such records for a period of three (3) years following the date of the invoice to which they relate. (ii) Company (and its duly authorized representatives) shall be entitled to (a) audit such books and records as they relate to the Services performed hereunder, upon reasonable notice to Contractor and during normal business hours, and (b) make copies and summaries of such books and records for its use. If Company discovers an overpayment in the amounts paid by Company to Contractor for any period under audit (an “Audit Overpayment”), Contractor shall promptly pay such Audit Overpayment to Company. In the event that any such Audit Overpayment shall be in excess of five percent (5%) of the aggregate payments made by Company in respect of the applicable period under audit, Contractor shall also reimburse Company for all reasonable costs and expenses incurred by Company in connection with such audit and the collection of the Audit Overpayment. If any such Audit Overpayment shall be in excess of ten percent (10%) of the aggregate payments made by Company in respect of the applicable period under audit, Company shall have the right to re-audit, at Contractor’s expense, Contractor’s books and records for any and all past years (since the commencement of this Agreement). (iii) In the event Contractor determines that it has any inquiries, problems or believes there are errors or discrepancies with respect to any amounts due pursuant to this Agreement, Contractor agrees to give Company written notice thereof within ninety (90) days from the date that the work which gave rise to the inquiry, problem and/or discrepancy, etc. was performed. Contractor’s failure to give Company such notice shall constitute a waiver of any and all rights which Contractor may have to any adjustment, charge or reimbursement by reason thereof.

  • Inspection of Books and Records Contractor will permit County, or any duly authorized agent of County, to inspect and examine the books and records of Contractor for the purpose of verifying the amount of work performed under the Scope of Services. County’s right to inspect survives the termination of this Agreement for a period of four years.

  • Maintenance of Books The Company agrees to maintain, at its aforesaid office or agency, books for the registration and the registration of transfer of the Warrants.

  • Books and Records; Audit Rights (a) Tenant shall maintain for a period of five (5) years after the Expiration Date, or, in the event of a claim by City, until such claim of City for payments hereunder shall have been fully ascertained, fixed and paid, separate and accurate daily records of Gross Revenues, whether for cash, credit, or otherwise. Tenant must require each subtenant, concessionaire, licensee, and assignee to maintain the same records. All such books and records shall be kept in accordance with “generally accepted accounting principles”, consistently applied, showing in detail all business done or transacted in, on, about or from or pertaining to the Premises, and Tenant shall enter all receipts arising from such business in regular books of account, and all entries in any such records or books shall be made at or about the time the transactions respectively occur. The books and source documents to be kept by Tenant must include records of inventories and receipts of merchandise, daily receipts from all sales and other pertinent original sales records and records of any other transactions conducted in or from the Premises by all persons or entities conducting business in or from the Premises. Pertinent original sales records include: (i) cash register tapes, including tapes from temporary registers, (ii) serially pre-numbered sales slips, (iii) the original records of all mail and telephone orders at and to the Premises, (iv) settlement report sheets of transactions with subtenants, concessionaires, licensees and assignees, (v) original records indicating that merchandise returned by customers was purchased at the Premises by such customers,

  • Examination of Books and Records At reasonable times and upon reasonable notice, Lender, its agents, accountants and attorneys shall have the right to examine the records, books, management and other papers of Borrower which reflect upon their financial condition, at the Property or at any office regularly maintained by Borrower where the books and records are located. Lender and its agents shall have the right to make copies and extracts from the foregoing records and other papers. In addition, at reasonable times and upon reasonable notice, Lender, its agents, accountants and attorneys shall have the right to examine and audit the books and records of Borrower pertaining to the income, expenses and operation of the Property during reasonable business hours at any office of Borrower where the books and records are located. This

  • Inspection of Property, Books and Records The Borrower will keep, and will cause each Subsidiary to keep, proper books of record and account in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities; and will permit, and will cause each Subsidiary to permit, representatives of any Bank at such Bank's expense to visit and inspect any of their respective properties, to examine and make abstracts from any of their respective books and records and to discuss their respective affairs, finances and accounts with their respective officers, employees and independent public accountants, all at such reasonable times and as often as may reasonably be desired.

  • Inspection of Books The Trustees shall from time to time determine whether and to what extent, and at what times and places, and under what conditions and regulations the accounts and books of the Trust or any of them shall be open to the inspection of the Shareholders; and no Shareholder shall have any right to inspect any account or book or document of the Trust except as conferred by law or otherwise by the Trustees or by resolution of the Shareholders.

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