Qualification Audit Clause Samples

Qualification Audit. Prior to start of business with ▇▇▇▇▇, if requested by Buyer, Seller will participate in a Qualification Audit (“Audit”). The Audit will include an on-site review of Seller's facilities by member(s) of ▇▇▇▇▇’s and ▇▇▇▇▇’s customer’s organizations. If there is a determination that an unsatisfactory condition exists with respect to any matter covered by the Audit, then Seller will receive written notice of the condition and, within fourteen (14) days upon receipt of such notice, will provide Buyer with a written corrective action plan reasonably satisfactory to Buyer. The parties agree that if Seller fails to timely provide or implement an acceptable corrective action plan to the reasonable satisfaction of Buyer, then Buyer may rescind or terminate the Agreement for cause pursuant to Section 13.2.2.

Qualification Audit. Prior to start of business with ▇▇▇▇▇, if requested by ▇▇▇▇▇, Seller shall participate in a Qualification Audit (“Audit”). The Audit shall include an on-site review of Seller’s facilities by member(s) of Buyer’s organization to determine, among other things, whether Seller’s quality and environmental protection measure meet the requirements of Buyer. Seller will grant Buyer and – if necessary – Buyer’s customers access to all operational premises, testing centers, warehouses and adjoining areas and will allow them to inspect all relevant documents. If there is a determination that an unsatisfactory condition exists with respect to any matter covered by the Audit, then Seller shall receive written notice of the condition and, within fourteen (14) days upon receipt of such notice, shall provide Buyer with a written corrective action plan reasonably satisfactory to Buyer. The parties agree that if Seller fails to timely provide or implement an acceptable corrective action plan to the reasonable satisfaction of Buyer, then Buyer may rescind or terminate the Agreement for cause.

Qualification Audit. Prior to start of business with ▇▇▇▇▇, if requested by ▇▇▇▇▇, Seller shall participate in a Qualification Audit (“Audit”). The Audit shall include an on-site review of Seller’s facilities by member(s) of Buyer’s organization. If there is a determination that an unsatisfactory condition exists with respect to any matter covered by the Audit, then Seller shall receive written notice of the condition and, shall provide Buyer with a written corrective action plan reasonably satisfactory to Buyer. The parties agree that if Seller fails to timely provide or implement an acceptable corrective action plan to the reasonable satisfaction of Buyer, then Buyer may rescind or terminate the Agreement for cause.