Common use of Record Keeping and Audit Clause in Contracts

Record Keeping and Audit. During the term of this Agreement and for a period of three years thereafter, both parties to the Agreement shall maintain current and accurate accounts, files, and records relevant to this Agreement. All financial records, other records, books, documents, papers, plans, records of shipments and payments and writings of the parties whether in paper, electronic or other form, that are pertinent to this Agreement, are collectively referred to as “Records.” Manufacturer acknowledges and agrees that OHA, the Secretary of State's Office and the federal government and their duly authorized representatives shall have access to all Records to perform examinations and audits and make excerpts and transcripts. At a party’s written request, the other party shall make such Records available for inspection by the requesting party’s representatives or its designated auditors during regular business hours. Upon written request, each party shall otherwise have the right to inspect, all such relevant accounts and records of the other party to verify compliance with the terms of this Agreement. Notwithstanding any other provision of this paragraph 5.H.(2), Manufacturer shall cooperate with OHA as necessary to enable OHA to respond to a state or federal audit of OHA where the subject of such audit pertains to this Agreement or where this Agreement is the subject of litigation involving OHA. The Manufacturer will hold the Medicaid Utilization Information confidential. If the Manufacturer audits this information or receives further information on such data, that information shall also be held confidential by the Manufacturer and its designated auditor.

Appears in 2 contracts

Samples: Supplemental Rebate Agreement, Supplemental Rebate Agreement

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Record Keeping and Audit. During the term of this Agreement and for a period of three years thereafter, both parties to the Agreement shall maintain current and accurate accounts, files, and records relevant to this Agreement. All financial records, other records, books, documents, papers, plans, records of shipments and payments and writings of the parties whether in paper, electronic or other form, that are pertinent to this Agreement, are collectively referred to as “Records.” Manufacturer acknowledges and agrees that OHADMAP, the Secretary of State's Office and the federal government and their duly authorized representatives shall have access to all Records to perform examinations and audits and make excerpts and transcripts. At a party’s written request, the other party shall make such Records available for inspection by the requesting party’s representatives or its designated auditors during regular business hours. Upon written request, each party shall otherwise have the right to inspect, all such relevant accounts and records of the other party to verify compliance with the terms of this Agreement. Notwithstanding any other provision of this paragraph 5.H.(2), Manufacturer shall cooperate with OHA DMAP as necessary to enable OHA DMAP to respond to a state or federal audit of OHA DMAP where the subject of such audit pertains to this Agreement or where this Agreement is the subject of litigation involving OHADMAP. The Manufacturer will hold the Medicaid Utilization Information confidential. If the Manufacturer audits this information or receives further information on such data, that information shall also be held confidential by the Manufacturer and its designated auditor.

Appears in 1 contract

Samples: Supplemental Rebate Agreement

Record Keeping and Audit. During the term of this Agreement and for a period of three years thereafter, both parties to the Agreement shall maintain current and accurate accounts, files, and records relevant to this Agreement. All financial records, other records, books, documents, papers, plans, records of shipments and payments and writings of the parties whether in paper, electronic or other form, that are pertinent to this Agreement, are collectively referred to as “Records.” Manufacturer acknowledges and agrees that OHADMAP, the Secretary of State's Office and the federal government and their duly authorized representatives shall have access to all Records to perform examinations and audits and make excerpts and transcripts. At a party’s written request, the other party shall make such Records available for inspection by the requesting party’s representatives or its designated auditors during regular business hours. Upon written request, each party shall otherwise have the right to inspect, all such relevant accounts and records of the other party to verify compliance with the terms of this Agreement. Notwithstanding any other provision of this paragraph 5.H.(2), Manufacturer shall cooperate with OHA DMAP as necessary to enable OHA DMAP to respond to a state or federal audit of OHA DMAP where the subject of such audit pertains to this Agreement or where this Agreement is the subject of litigation involving OHAthe DMAP. The Manufacturer will hold the Medicaid Utilization Information confidential. If the Manufacturer audits this information or receives further information on such data, that information shall also be held confidential by the Manufacturer and its designated auditor.

Appears in 1 contract

Samples: Supplemental Rebate Agreement

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Record Keeping and Audit. During the term of this Agreement and for a period of three years thereafter, both parties to the Agreement shall maintain current and accurate accounts, files, and records relevant to this Agreement. All financial records, other records, books, documents, papers, plans, records of shipments and payments and writings of the parties whether in paper, electronic or other form, that are pertinent to this Agreement, are collectively referred to as “Records.” Manufacturer acknowledges and agrees that OHAthe Agency, the Secretary of State's Office and the federal government and their duly authorized representatives shall have access to all Records to perform examinations and audits and make excerpts and transcripts. At a party’s written request, the other party shall make such Records available for inspection by the requesting party’s representatives or its designated auditors during regular business hours. Upon written request, each party shall otherwise have the right to inspect, all such relevant accounts and records of the other party to verify compliance with the terms of this Agreement. Notwithstanding any other provision of this paragraph 5.H.(2)5.b, Manufacturer shall cooperate with OHA Agency as necessary to enable OHA Agency to respond to a state or federal audit of OHA Agency where the subject of such audit pertains to this Agreement or where this Agreement is the subject of litigation involving OHAthe Agency. The Manufacturer will hold the Medicaid Utilization Information confidential. If the Manufacturer audits this information or receives further information on such data, that information shall also be held confidential by the Manufacturer and its designated auditor.

Appears in 1 contract

Samples: Supplemental Rebate Agreement

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