Periodic Audit. Grantor, at any time and at its sole discretion, may conduct an audit of the Project's activities. Such audits are intended to investigate and document that the Project is being carried out in accordance with the approved application, this contract, Grantor's exempt purposes, and all applicable laws. Failure on the part of Grantee to provide full cooperation and adequate documentation in the event of an audit shall be considered a breach of this Agreement.
Periodic Audit. Servicer agrees that, no more than twice per calendar year, and no less than thirty (30) days after receipt of written notice, it shall cooperate with audits by Lender Participant or Program Administrator of the product set-up and conversion Services and communication and other protocols necessary for the efficient and accurate performance thereof. If any audit reveals any failure to adequately perform any such matter, Servicer shall within thirty (30) days of its receipt of the results of such audit, publish a remedial action plan that includes a schedule of tasks and objectives to be completed (each such task or objective, a “Milestone”) and provides for reports to Program Administrator or Lender Participant with respect to each Milestone (“Remedial Action Plan”). Upon completion of the Remedial Action Plan, Program Administrator or Lender Participant may, at a time mutually agreeable to the Parties, perform an additional audit to validate successful completion of the Remedial Action Plan.
Periodic Audit. Motorola will allow Customer to perform an audit of reasonable scope and duration of Motorola operations relevant to the Products and Services purchased under the Agreement, at Customer’s sole expense, for verification of compliance with the technical and organizational measures set forth in Annex II if (i) Motorola notifies Customer of a Security Incident that results in actual compromise to the Products and/or Services purchased; or (ii) if Customer reasonably believes Motorola is not in compliance with its security commitments under this DPA, or (iii) if such audit is legally required by the Data Protection Laws. Any audit must be conducted in accordance with the procedures set forth in Section 11.3 of this DPA and may not be conducted more than one time per year. If any such audit requires access to confidential information of Motorola’s other customers, suppliers or agents, such portion of the audit may only be conducted by Customer’s nationally recognized independent third party auditors in accordance with the procedures set forth in Section 11.3 of this DPA. Unless mandated by GDPR or otherwise mandated by law or court order, no audits are allowed within a data center for security and compliance reasons. Motorola must, in no circumstances, provide Customer with the ability to audit any portion of its software, products, and services which would be reasonably expected to compromise the confidentiality of any third party’s information or Personal Data.
Periodic Audit. Servicer agrees that, no less than twenty (20) days after receipt of written notice, shall cooperate with audits by FMC of the product set-up and conversion Services and communication and other protocols necessary for the efficient and accurate performance thereof. If any audit reveals any failure to adequately perform any such matter, Servicer shall within thirty (30) days of its receipt of the results of such audit, publish a remedial action plan that includes a schedule of tasks and objectives to be completed (each such task or objective, a “Milestone”) and provides for reports to FMC with respect to each Milestone (“Remedial Action Plan”) and provide the same to FMC. Upon completion of the Remedial Action Plan, FMC may, at a time mutually agreeable to the parties, perform an additional audit to validate successful completion of the Remedial Action Plan.
Periodic Audit. 18.2.1. The Contractors agree to have a periodic audit of the BCP performed by an independent auditor beginning Fiscal Year 2019 and every third year thereafter. This schedule may be modified by the E&OC. Audits scheduled for a period longer than three (3) years may not include all supporting documentation, as some records are retained for only three (3) years in accordance with federal document retention policies. The Parties shall mutually agree upon the specific date that periodic audits will commence.
18.2.2. The costs incurred to complete periodic audits and the administrative costs associated therewith shall be deemed an operation and maintenance expense for the BCP and shall be included in the BCP Ten Year Operating Plan and the Annual Revenue Requirement. Each Contractor shall pay its proportionate share of the cost through the Annual Revenue Requirement.
18.2.3. The scope of the periodic audit is to review Reclamation’s and Western’s records to ensure the records are maintained in accordance with the Restated Agreement and the Contracts. The scope of the periodic audit may include cash balances, undelivered orders, carryover, repayable schedules, debt service, and allocated costs. The information for the periodic audit shall be limited to that available pursuant to section 28 of the Contracts.
18.2.4. Reclamation’s Acquisitions and Assistance Management Division, Operations Branch in Denver, Colorado, or another Reclamation regional office, will solicit and award the contract for the periodic audit. The Reclamation contracting officer assigned with soliciting and awarding the contract for the periodic audit will appoint a Contracting Officer's Representative (COR) with the necessary audit expertise to function independently of Reclamation's Lower Colorado Region. The COR advises the Reclamation contracting officer with regard to all technical aspects of the contract requirements, including any technical issues that may arise during contract administration.
18.2.5. The Contractors may designate a small committee of representatives to participate in the contracting process in an advisory capacity. Such committee will review and comment on the written audit scope of work, the evaluation criteria, the independent cost estimate, and the proposals received from vendors. To ensure the final actual costs for the audit services are fair and reasonable, the Reclamation contracting officer will seek competing proposals for the contract for audit services fro...
Periodic Audit. Motorola will allow Customer to perform an audit of reasonable scope and duration of Motorola operations relevant to the Products and Services purchased under the Agreement, at Customer’s sole expense, for verification of compliance with
Periodic Audit. Servicer agrees that, no less than twenty (20) days after receipt of written notice, shall cooperate with audits by FMC of the product set-up and conversion Services and communication and other protocols necessary for the efficient and accurate performance thereof. If any audit reveals any failure to adequately perform any such matter, Servicer shall within thirty (30) days of its receipt of the results of such audit, publish a remedial action plan that includes a schedule of tasks and objectives to be completed (each such task or objective, a “Milestone”) and provides for reports to FMC with respect to each Milestone (“Remedial Action Plan”) and provide the same to FMC. Upon completion of the Remedial Action Plan, FMC may, at a time mutually agreeable to the parties, perform an additional audit to validate successful completion of the Remedial Action Plan. In any event, if such performance inadequacy is not corrected within ninety (90) days from the date the Servicer receives the audit, Owner may deconvert all Student Loans without payment of any Record Return/Deconversion or Early Termination Fee.
Periodic Audit. NCPA shall arrange for periodic audits to be performed, pursuant to Section 7.6 of the PSA.
Periodic Audit. After the Effective Date, one periodic audit of the Receivables and Inventory may be conducted by Agent or Lenders, in their sole discretion. Based on the results of such audit, Agent expressly reserves the right, in its reasonable discretion and after consultation with the Borrowers, to adjust, (i) the definitions of each of Eligible Receivables and Eligible Inventory and (ii) the percentage of each of Eligible Receivables and Eligible Inventory which shall be included in the Borrowing Base provided, however, in no event shall such percentages be reduced to less than 50% and 30% respectively. Borrowers shall be responsible for the expenses, fees and costs incurred by Agent or Lenders in connection with such audit in an amount not to exceed $15,000.
Periodic Audit. From time to time, and as may be directed by the Members, the books and records of the Company shall be audited by KPMG Peat Marwick. SECTION FOUR