Common use of Records; Audit Clause in Contracts

Records; Audit. Section 18.01 During the Term, and for a period of six (6) years thereafter, the Supplier shall keep (and at the Recipient’s reasonable request, grant the Recipient and its professional advisers access to) complete and accurate records reasonably necessary to verify that (i) the Products have been manufactured in accordance with the requirements set out in this Agreement, and (ii) the Purchase Prices as well as any one-off costs in connection with the implementation of changes according to Section 2.06(b) have been calculated in accordance with this Agreement (the Relevant Records).

Appears in 7 contracts

Samples: Ecu Supply Agreement (Phinia Inc.), Ecu Supply Agreement (Phinia Inc.), Ecu Supply Agreement (Phinia Inc.)

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Records; Audit. Section 18.01 21.01 During the Term, and for a period of six (6) years thereafter, the Supplier shall keep (and at the Recipient’s reasonable request, grant the Recipient and its professional advisers access to) complete and accurate records reasonably necessary to verify that (i) the Products have been manufactured in accordance with the requirements set out in this Agreement, and (ii) the Purchase Prices as well as any one-off costs in connection with the implementation of changes according to Section 2.06(b4.01(b) have been calculated in accordance with this Agreement (the Relevant Records).

Appears in 6 contracts

Samples: Contract Manufacturing Agreement (Phinia Inc.), Contract Manufacturing Agreement (Phinia Inc.), Contract Manufacturing Agreement (Phinia Inc.)

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