Common use of OPEN BOOK DATA Clause in Contracts

OPEN BOOK DATA. The Service Provider acknowledges the importance to the Purchaser of the Financial Transparency Objectives and the Purchaser’s need for complete transparency in the way in which the Charges are calculated. During the Term, and for a period of 7 years following the end of the Term, the Service Provider shall maintain and retain the Open Book Data; and disclose and allow the Purchaser and/or the Audit Agents access to the Open Book Data.

OPEN BOOK DATA. The Service Provider acknowledges the importance to the Purchaser of the Financial Transparency Objectives and the Purchaser’s need for complete transparency in the way in which the Charges are calculated. During the Term, and for a period of 7 seven (7) years following the end of the Term, the Service Provider shall maintain and retain the Open Book Data; and disclose and allow the Purchaser and/or the Audit Agents access to the Open Book Data.