Recordkeeping and Audit. 26.1 The Recipient must keep and maintain full, accurate and up to date records, including financial records, in relation to the provision of Activities, the Co-Funding and all money paid and payable by ACC under or in relation to this Agreement sufficient to enable ACC to:
(a) meet its obligations under the Public Finance Act 1989;
(b) carry out an audit for the purposes specified in clause 26.2; and
(c) carry out a review or evaluation in accordance with clause 17 (Evaluation). The Recipient must retain such records for at least seven years after termination or expiry of this Agreement.
26.2 At any time during the Term, or after the End Date where the Parties are in dispute, any Personnel or authorised agent of ACC may conduct an audit for the purpose of:
(a) determining the Recipient’s level of compliance with this Agreement (including whether there has been a breach of this Agreement);
(b) determining whether Activities and Milestones invoiced for by the Recipient have been performed according to this Agreement; or
(c) assisting in resolving a matter in Dispute between the Parties.
26.3 During an audit conducted under this clause 26, ACC may:
(a) enter any premises of the Recipient or its subcontractors used in connection with provision of the Activities at any reasonable time during usual business hours;
(b) inspect any records held under clause 26.1 in relation to the provision of Activities or any matter in dispute between the Parties; and
(c) meet with and/or contact and speak to any or all Personnel involved with provision of the Activities, provided that this obligation shall be subject to such Personnel being employed by the Recipient at the time of the audit.
26.4 The Recipient will, at its expense, provide appropriately qualified staff to assist ACC to conduct the audit under this clause 26. ACC will pay all other reasonable costs incurred by the Recipient that are directly associated with the audit.
26.5 At least five Business Days prior to commencing an audit, ACC will notify the Recipient in writing of its intention to conduct an audit and of the intended scope and timing of the audit.
26.6 Where an audit conducted under this clause 26 identifies any serious concern or material non-compliance with the terms of this Agreement, ACC may require an additional audit or audits or other reasonable inquiries to be carried out at the Recipient’s expense (such expenses including ACC Personnel costs at external charge-out rates).
26.7 ACC will advise ...
Recordkeeping and Audit. (a) SBS shall keep, or shall cause to be kept, complete and accurate books and records of all information necessary, and in sufficient detail, to determine all Development Costs, Active Agent costs, and Manufacturing Costs payable by Voyager to SBS pursuant to this Agreement and Net Sales in the Terminated Countries (if any) and the royalties payable by SBS to Voyager pursuant to this Agreement for the previous seven (7) calendar years.
(b) Voyager shall keep, or shall cause to be kept, complete and accurate books and records of all information necessary, and in sufficient detail, to determine Net Sales in the Territory and the royalties payable by Voyager to SBS pursuant to this Agreement for the previous seven (7) calendar years.
(c) Voyager shall have the right, no more than once during any twelve (12) consecutive month period during the term of this Agreement and the twelve (12) months following the termination hereof, to have the books and records kept by SBS pursuant to Section 7.6(a) (and all related work papers and other information and documents) examined by an independent accounting firm of national standing reasonably acceptable to SBS to verify SBS’s calculations of the amounts of Development Costs, Active Agent costs, and Manufacturing Costs invoiced by SBS to Voyager hereunder and the accuracy of the information contained in the reports delivered by SBS pursuant to Section 7.5(d) and SBS’s calculation of the royalties payable hereunder. If Voyager shall dispute any such calculation, Voyager promptly shall notify SBS and Voyager and SBS shall use good faith efforts to resolve such dispute. If Voyager and SBS are unable to resolve such dispute within [**] days after Voyager notifies SBS of such dispute, then an independent accounting firm mutually agreed to by Voyager and SBS shall resolve such dispute and such accountant’s resolution shall be final and binding on the parties. Each party shall cooperate with such accountant’s investigation. If, and only if, it shall be determined pursuant to the procedures set forth in this clause (c) that (i) SBS invoiced Voyager an amount greater than [**] of the total amount actually owed by Voyager or (ii) SBS paid Voyager an amount less than [**] of the total royalty amount actually owed by SBS, then in each case SBS shall reimburse Voyager for all of its costs related to such examination and shall pay all costs and expenses of the mutually agreed accountant, if any; otherwise Voyager shall bear all of its...
Recordkeeping and Audit. ILEX will maintain complete and accurate records which are relevant to its execution of the DEVELOPMENT PLAN and manufacturing optimization 20 activities pursuant to the SCALE-UP DEVELOPMENT PLAN, including records concerning the expenditures associated therewith. ILEX shall maintain all records relating thereto, including raw data, patient case reports, microscope slides of tissues and the like in good order in the event that the FDA or other regulatory authorities wish to inspect such data as part of the regulatory approval of a LICENSED PRODUCT or as part of their continuing oversight of the development and marketing of the LICENSED PRODUCT. Such records shall be open during regular business hours for a period of two (2) years from creation of individual records for examination at JANSXXX'x xxxense for the sole purpose of verifying whether such expenditures are in accordance with the agreed DEVELOPMENT PLAN as administered by the PMT; provided however, that such right may not be exercised more than once in any calendar year. JANSXXX xxxll be entitled to a credit against future PLAN COST payments or a refund for any expenditures which such audit reveals were not made in accordance with the DEVELOPMENT PLAN as administered by the PMT.
Recordkeeping and Audit. LICENSEE will keep, and will require its SUBLICENSEEs to keep, true and accurate records containing data reasonably required for the computation and verification of payments due under this Agreement, for at least 6 years beyond the ROYALTY PERIOD applicable to such payment. ARIZONA may, during the Term of this Agreement, appoint an auditor for the purposes of verifying compliance with the license and payment terms under this Agreement. ARIZONA must provide LICENSEE with reasonable advance notice of its desire for such audit. Furthermore, such audit will be carried out during LICENSEE’S business hours and without unreasonably interfering with LICENSEE’S business and operations. Audits will be conducted no more than once per year and the term and scope of the audit will be mutually agreed upon prior to audit. All audits by ARIZONA will be at ARIZONA’S own expense unless the audit reveals an underpayment of more than five percent (5%) in any ROYALTY PERIOD, in which case LICENSEE will reimburse ARIZONA for the cost of the audit, in addition to the amount of the underpayment plus interest. In the event the audit reveals an overpayment discrepancy (i.e. LICENSEE paid more than required under this Agreement), ARIZONA will, at LICENSEE’S sole discretion, either fully reimburse LICENSEE for such underpayment within 30 days, or offset any future payments under this Agreement by the overpayment amount.
Recordkeeping and Audit. The Contractor shall, and shall require its Subcontractors receiving Grant Funds to, maintain in accordance with generally accepted accounting procedures all books, records and other documents (including without limitation all bank statements, and receipts or proofs of purchase for all goods and services acquired in connection with the Activity) sufficient in form, content and level of detail to properly reflect all transactions and disbursements under or in connection with the Activity and this Contract. Such books, records and other documents shall clearly identify, track and describe the use and expenditure of Grant Funds separately from other funding sources. Such books, records and documents must be maintained during the period of performance of work commencing on the Effective Date, and continuing until the date that is three (3) years following the final disbursement of Grant Funds by USTDA. The Contractor shall, and shall require its Subcontractors receiving Grant Funds to, (i) afford USTDA or its authorized representatives the opportunity at reasonable times for inspection and audit of such books, records and other documents, and (ii) in the event of an audit of such books, records and other documents, reasonably cooperate with, and promptly respond to information requests from, any USTDA-appointed auditors.
Recordkeeping and Audit. The Grantee agrees to maintain books, records, and other documents relating to the Study and the Grant Agreement adequate to demonstrate implementation of its responsibilities under the Grant Agreement, including the selection of contractors, receipt and approval of contract deliverables, and approval or disapproval of contractor invoices for payment by USTDA. Such books, records, and other documents shall be separately maintained for three (3) years after the date of the final disbursement by USTDA. The Grantee shall afford USTDA or its authorized representatives the opportunity at reasonable times to review books, records, and other documents relating to the Study and the Grant Agreement.
Recordkeeping and Audit. The Contractor and subcontractors funded under the Grant Agreement shall maintain, in accordance with generally accepted accounting procedures, books, records, and other documents, sufficient to reflect properly all transactions under or in connection with the contract. These books, records, and other documents shall clearly identify and track the use and expenditure of USTDA funds, separately from other funding sources. Such books, records, and documents shall be maintained during the contract term and for a period of three (3) years after final disbursement by USTDA. The Contractor and subcontractors shall afford USTDA, or its authorized representatives, the opportunity at reasonable times for inspection and audit of such books, records, and other documentation.
Recordkeeping and Audit. A. Broker shall keep separate records of the business written or transacted for or on behalf of IDPIB, including underwriting files, and shall maintain all such records for a period of not less than six years from the expiration of the business in question or minimum time limits required by law or regulation.
B. IDPIB, its designated representative(s) and/or regulatory authorities shall be afforded full and complete access to Broker’s
Recordkeeping and Audit. Contractor and its subcontractors of any tier shall keep accurate and complete books of accounts, records, journals, accounts, documents and other evidence related to Contractor’s activities relating to this Agreement (collectively, the “Books and Records”), including, without limitation, those relating to the bus maintenance services done on LAWA’s Landside Shuttle Bus Fleet, and those relating to charges for Contractor’s performance of any services or work in connection with this Agreement. Contractor shall also be required to attend meetings with City staff relating to Contractor’s activities under this Agreement on an as-needed basis and to provide (in addition to the specific reports described elsewhere in this Agreement) such other reports as the Executive Director may reasonably request from time to time. City’s accountants or representatives may examine such Books and Records of Contractor for the purpose of conducting an audit. Such Books and Records shall be maintained by Contractor at its offices at the Airport or at such other locations as may be approved by the Executive Director. Such Books and Records shall be made available by Contractor at such offices of Contractor during normal business hours within two (2) business days after the Executive Director’s request. City’s right to access and audit such Books and Records shall survive five (5) years beyond the expiration or earlier termination of this Agreement. Unless otherwise authorized by the Executive Director in writing, Contractor shall retain all Books and Records and any other information necessary to perform any audit as described in this Agreement during the entire Term of this Agreement and for a minimum of five
Recordkeeping and Audit. You shall keep Software license compliance logs and monitor the Use of all Software and promptly purchase Software license rights (including Maintenance Services for rights to Updates, if applicable) for any Use that exceeds Your Software license rights. No more
