Common use of Physical Audits Clause in Contracts

Physical Audits. Daramic may require and arrange for periodic physical inspection and audit of the Consigned Product, during Buyer’s regular business hours and upon reasonable notice to Buyer, typically *** a year, but more often if Daramic so reasonably determines. Daramic may at its discretion forego such inspection and audit in any year if upon Daramic’s request Buyer provides a satisfactory accounting and certifies the accuracy thereof by a responsible officer of Buyer; however, failure to conduct an inspection and audit in any given period will not constitute a waiver of Daramic’s right hereunder to inspect and audit.

Physical Audits. Daramic may require and arrange for periodic physical inspection and audit of the Consigned Product, during Buyer’s Exide's regular business hours and upon reasonable notice to BuyerExide, typically *** once a year, but more often if Daramic so reasonably determines. Daramic may at its discretion forego such inspection and audit in any year if upon Daramic’s 's request Buyer Exide provides a satisfactory accounting and certifies the accuracy thereof by a responsible officer of BuyerExide; however, failure to conduct an inspection and audit in any given period will not constitute a waiver of Daramic’s 's right hereunder to inspect and audit.

Physical Audits. Daramic may require and arrange for periodic physical inspection and audit of the Consigned Product, during Buyer’s regular business hours and upon reasonable notice to Buyer, typically *** once a year, but more often if Daramic so reasonably determines. Daramic may at its discretion forego such inspection and audit in any year if upon Daramic’s request Buyer provides a satisfactory accounting and certifies the accuracy thereof by a responsible officer of Buyer; however, failure to conduct an inspection and audit in any given period will not constitute a waiver of Daramic’s right hereunder to inspect and audit.