Once per calendar year, Verizon Sample Clauses

Once per calendar year, Verizon may obtain and pay for an independent auditor to audit ***CLEC Acronym TXT***’s compliance in all material respects with the service eligibility criteria applicable to High Capacity EELs. Any such audit shall be performed in accordance with the standards established by the American Institute for Certified Public Accountants, and may include, at Verizon’s discretion, the examination of a sample selected in accordance with the independent auditor’s judgment. [Where non-compliance is found, ***CLEC Acronym TXT*** must convert all up any difference in payments to no earlier than the effective date of this Amendment, and make the correct payments on a going-forward basis.] To the extent the independent auditor’s report concludes that ***CLEC Acronym TXT*** failed to comply [in all material respects] with the service eligibility criteria[ with respect to the totality of the circuits audited] [for any DS1 or DS1 equivalent circuit], then (without limiting Verizon's rights under Section 3.11.2.2 above) ***CLEC Acronym TXT*** must [convert all noncompliant circuits to the appropriate service, true up any difference in payments, make the correct payments on a going- forward basis, and] reimburse Verizon for the cost of the independent auditor within thirty (30) days after receiving a statement of such costs from Verizon. Should the independent auditor confirm ***CLEC Acronym TXT***’s compliance [in all material respects ]with the service eligibility criteria [for each DS1 or DS1 equivalent circuit][for the totality of the circuits audited], then ***CLEC Acronym TXT*** shall provide to the independent auditor for its verification a statement of ***CLEC Acronym TXT***’s reasonable and verifiable costs of complying with any requests of the independent auditor, and Verizon shall, within sixty (60) days of the date on which ***CLEC Acronym TXT*** submits such costs to the auditor, reimburse ***CLEC Acronym TXT*** for its reasonable and verifiable costs verified by the auditor. ***CLEC Acronym TXT*** shall maintain records adequate to support its compliance with the service eligibility criteria for each DS1 or DS1 equivalent circuit for at least eighteen (18) months after the service arrangement in question is terminated.
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Related to Once per calendar year, Verizon

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