Recordkeeping Requirement Clause Samples
A Recordkeeping Requirement clause obligates one or both parties to maintain accurate and complete records related to the agreement. This typically includes keeping documentation such as invoices, receipts, correspondence, or other relevant materials for a specified period, and may require making these records available for inspection upon request. The core function of this clause is to ensure transparency and accountability, enabling verification of compliance and facilitating audits or dispute resolution if necessary.
Recordkeeping Requirement. The Contractor shall keep at its offices in Mexico all accounting books, supporting documents and other records related to the Petroleum Activities as established by the Accounting Procedures. All such records shall be available for inspection, review and audit by any Person designated by the Ministry of Finance or any other competent Governmental Authority. Records for all transactions in the Operating Account shall be kept starting from the Effective Date and up to five (5) Years after termination of this Contract.
Recordkeeping Requirement. In sup- port of each report submitted pursuant to this section or § 280.9, each operator shall:
(1) Maintain and make available for audit upon request, records for each service, outbound and inbound, which show for each item of civilian pref- erence cargo carried during the cal- endar year, the name of the commodity carried according to the tariff desription, the rate at which it was carried, the world rate for the com- modity for the same or a competitive origin and destination and within a reasonably similar time period, and whether or not the item was considered to have been carried at a premium rate, or
(2) Establish upon request to the sat- isfaction of the Region Director, by demonstration of its accounting sys- tem or by other reasonable means, that the report filed under paragraph (a) of this section is substantially correct.
Recordkeeping Requirement. The Issuer and the Concessionaire must retain records of the determination of the Rebate Requirement until four years (or such longer period as may be required by the transaction documents relating to the obligations) after the retirement of the last Series 2014 Bond.
Recordkeeping Requirement. To evidence the fair market value of a guaranteed investment contract, the County must retain the following records with the bond documents until three years after the last outstanding Bond is redeemed:
Recordkeeping Requirement. The County must retain records of the determination of its Rebate Requirement until six years after the retirement of the last obligation of the issue.
Recordkeeping Requirement. The Surety must keep records of payments made to avoid Imminent Breach.
Recordkeeping Requirement. Each recipient of a grant or other payment made under this Act shall keep such records with respect to the payment as are consistent with sound accounting principles, including records which fully disclose the amount and disposition by such recipient of funds, the total cost of the project or undertaking for which such funds are used, and the amount of that portion of the cost of the project or undertaking supplied by other sources, and such other records as will facilitate an effective audit.
Recordkeeping Requirement. An athlete agent shall maintain a record of: