Common use of Periodic Audit Clause in Contracts

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. Grantor, at any time and at its sole discretion, may conduct an audit of Xxxxxxx's activities related to the Project's activities. Such audits are intended to investigate and document that the Project is being carried out in accordance a manner consistent with the approved applicationGrantee's application for fiscal sponsorship, this contractAgreement, 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.