Record Keeping and Audit Rights. Supplier will maintain (and provide to Buyer upon request) relevant business and accounting records to support invoices under this Agreement and proof of required permits and professional licenses, for a period of time as required by local law, but not for less than three (3) years following completion or termination of the relevant SOW and/or WA. All accounting records will be maintained in accordance with generally accepted accounting principles.
Record Keeping and Audit Rights. Supplier will maintain (and subject to applicable law provide to INTESA upon request) relevant business, technical and accounting records i) to support Supplier's invoices; ii) show proof of required permits and professional licenses and iii) to demonstrate compliance with Supplier's performance of its obligations under this PO, for not less than six (6) years following completion or termination of the relevant Services. All accounting records will be maintained in accordance with generally accepted accounting principles. Upon INTESA’s notice, INTESA may, at no charge to INTESA, audit Supplier's compliance with its obligations under this PO, including verifying compliance with applicable laws and the protection and integrity of INTESA Materials. In connection with an audit, Supplier shall provide INTESA (including its auditors and any regulators) access at reasonable times (or in the case of regulators, at any time designated by such regulators), to any facility at which Supplier or any Subcontractor is providing or has provided Services or Deliverables under this PO and to all systems, data and business, technical and accounting records relating to Supplier’s (and any Subcontractor’s) compliance with its obligations. Supplier shall provide its full cooperation in any such audit, including by designating a focal point to support an audit and, if required by INTESA, promptly securing the rights for INTESA to directly request from any Subcontractor, and for the Subcontractor to promptly provide to INTESA, access to such systems, data and records relating to the work performed by such Subcontractors.
Record Keeping and Audit Rights. Supplier will maintain (and subject to applicable law provide to IBM upon request) relevant business, technical and accounting records i) to support Supplier's invoices; ii) show proof of required permits and professional licenses and iii) to demonstrate compliance with Supplier's performance of its obligations under this PO, for not less than six (6) years following completion or termination of the relevant services. All accounting records will be maintained in accordance with generally accepted accounting principles.
Record Keeping and Audit Rights. Each Party shall keep or cause to be kept accurate records relating to Net Sales, royalties, and any other costs and expenses subject to payment or reimbursement by either Party to the other Party in sufficient detail to enable the amounts payable hereunder to be determined. Upon the written request of either Party (but not more frequently than once in any calendar year), the requesting Party may retain an independent certified public accountant, subject to approval by the other Party (which approval shall not be unreasonably withheld), to review such records to verify the accuracy of the payments made or payable hereunder. Such accountant shall be required to execute a confidentiality agreement in a form reasonably acceptable to the audited Party and shall report to the auditing Party only the amount of any underpayment or overcharge. Within ten (10) business days after completion of such review, the Parties shall reconcile any underpayment or overcharge. The auditing Party shall pay the cost of any review of records conducted at its request under this Section. However, if the review establishes underpayment or overcharge by the audited Party of over five percent (5%) during the period of the review, the audited Party shall promptly reimburse the auditing Party for the fees and expenses of the accountant. Such audit rights may be exercised by the Parties only with respect to records for the current calendar year and the preceding two (2) calendar years.
Record Keeping and Audit Rights. A.16.1 The Supplier will, in accordance with sound and internationally accepted accounting principles, keep and maintain for a period no less than three (3) years following the completion or termination of the Contract or for as long a period as may otherwise be agreed between the Parties, full and accurate accounts and records relating to the bidding, negotiation, preparation, execution, performance and implementation of this Contract including the Goods and Services supplied and all payments made hereunder.
A.16.2 The Bank will have the right to perform audits in connection with the Contract. The Supplier will, at no cost to the Bank, provide reasonable access to the accounts and records which are required to be maintained and preserved by the Supplier under the preceding section in order to enable the Bank and its authorized representatives to conduct appropriate audits and examinations thereof and to verify that the Supplier is in full compliance with the obligations contained therein.
A.16.3 The Bank will provide reasonable written notice to the Supplier prior to exercising its right to audit.
A.16.4 In the event an audit determines that the Bank has overpaid the Supplier, the Supplier will reimburse the Bank, within thirty (30) days after receipt of a written request thereof, the amount of any such overpayment.
Record Keeping and Audit Rights. 13.1 Supplier will maintain (and provide to ESCATEC upon request) all relevant business and accounting records to support invoices under this Agreement, its financial report for each fiscal year, all quality-related documents, and proof of the required permits and professional licenses (“Records”), for a period of time as required by local law, rules, regulations, or ESCATEC, but not for less than seven (7) years following last purchase of the Products by ESCATEC unless otherwise specified in writing. All accounting records will be maintained in accordance with generally accepted accounting principles.
13.2 Upon ESCATEC’s reasonable advance notice to Supplier, ESCATEC may audit the Records and the status of compliance with the obligations under this Agreement, during ordinary working hours at Supplier’s business place or facility, for the period of time set forth in the foregoing Section 13.1.
Record Keeping and Audit Rights. Each Party shall keep or cause to be kept accurate records relating to Net Sales, royalties, development and any other costs and expenses subject to payment, deduction or reimbursement by either Party to the other Party in sufficient detail to enable the amounts payable hereunder to be determined. Upon the written request of either Party (but not more frequently than once in any calendar year), the requesting Party may
Record Keeping and Audit Rights. All BCBSSC personnel shall keep written daily time logs in respect of System Services performed. Each time log entry shall briefly describe the services performed, and reflect in one-hour increments the time expended in performing the services. BCBSUW shall have the right (exercisable no more than once during any twelve month period), at its sole cost and expense, and at a mutually satisfactory time to be reasonably agreed upon, to inspect and audit, through a mutually-selected "Big Six" accounting firm, BCBSSC's billing and time log records and Labor Rate computations relating to the System Services provided to the Plan.
Record Keeping and Audit Rights. BPO agrees to create and retain such records as may be necessary to verify (a) its compliance with the provisions of this Agreement and (b) amounts owed by Aegis pursuant to this Agreement. Such records will be maintained for the entire term of this Agreement and for three years thereafter in a format and medium reasonably designed to allow Aegis to receive and review such records in a reasonably timely manner. For the sole purpose of ensuring compliance with the Agreement, Aegis (or its representative) will have the right to conduct a reasonable and necessary inspection of portions of the reports, books and records of BPO which are relevant to BPO’s performance pursuant to this Agreement. Any such audit may be conducted after twenty (20) business days prior written notice to BPO. Aegis shall bear the expense of any audit conducted pursuant to this Section, unless such audit shows an error in BPO’s favor amounting to a deficiency to Aegis in excess of one percent (1%) of the reported productive hours committed to Aegis, in which event BPO shall bear the reasonable expenses of the audit. BPO shall pay Aegis the amount of any deficiency discovered by Aegis within thirty (30) days after receipt of notice thereof from Aegis.
Record Keeping and Audit Rights. Each Party will keep accurate books and records showing all financial transactions and contract information, which is or are the subject of this Agreement or which would otherwise obligate a Party to make payment(s) to the other. Either Party shall have the right, but not more than twice annually, and at a reasonable time and upon reasonable written notice, to inspect the relevant books and records (wherever located) and create summaries related to any financial transactions that are the subject of this Agreement. All such audits will be performed by an independent, third party, recognized auditor reasonably acceptable to the Party being audited, which auditor has agreed in writing to maintain the strict confidentiality of the books and records audited. Such books and records, and any results of an audit, will be deemed to be the Confidential Information of the Party audited. If any inspection reveals an error in the calculation of amounts owing to either Party, the other Party will promptly pay the difference. If any error is seven percent (7%) or more of the amount owed to either Party, the other Party will pay the inspecting Party's reasonable out-of-pocket costs with respect to that examination and the next subsequent re-examination.
