Records, Inspection and Audit. Within one hundred and forty (140) days following the end of each calendar year, commencing with the year in which the Property (or any portion thereof) is brought into commercial production (not inclusive of any bulk sampling programs or pilot plant or test operations), the Payor shall deliver to GeoXplor a statement of the Royalty paid for said calendar year. GeoXplor (or its designated agent) shall have the right within a period of ninety (90) days from receipt of such statement to inspect the Payor’s books and records relating thereto and to conduct an independent audit of such books and records at its own cost and expense.
Records, Inspection and Audit. The Custodian will keep accurate and detailed records and accounts of all receipts, investments, disbursements and other transactions as required by law with respect to the Custodial Account. All records, books and accounts relating to the Custodial Account will be open to inspection by the Program Sponsor, provided the Custodian is given reasonable advance written notice of such inspection by the Program Sponsor.
Records, Inspection and Audit. The records (including underlying electronic and computer records) kept, and made available for inspection by an Inspector, shall include:
Records, Inspection and Audit. Within ninety (90) days following the end of each calendar year, commencing with the year in which the claims are brought into commercial production (not inclusive of any bulk sampling programs), the Grantee shall deliver to Grantor a statement of the Royalty paid for said calendar year. The Grantor shall have the right within a period of three (3) months from receipt of such statements to inspect the Grantee’s books and records relating thereto and to conduct an independent audit of such books and records at its own cost and expense.
Records, Inspection and Audit. 3.2.1 You must keep for inspection by an independent accountant or firm of accountants (or such other professional as we determine is necessary) acting on our behalf (an "Inspector") adequate and proper records in accordance with generally accepted accounting practices and other relevant standards as appropriate and sufficient to verify compliance with your obligations under this Agreement and the Licences and in particular but not limited to:
Records, Inspection and Audit. Within ninety (90) days following the end of each calendar, commencing with the year in which the claims are brought into commercial production (not inclusive of any bulk sampling programs), the Optionee shall deliver to the Optionor a statement of the Royalty paid for said calendar year. The Optionor shall have the right within a period of three (3) months from receipt of such statements to inspect the Optionee's books and records relating thereto and to conduct an independent audit of such books and records at its own cost and expense.
Records, Inspection and Audit. The Recipients shall, during the Term and for a period of five years thereafter, maintain in an appropriate form full accounting and other records of any nature or kind whatsoever (collectively, in this Section 5.3, the “Records”) relating to the Project, including but not limited to: (i) Project Costs, Project Revenues and amounts of carbon dioxide injected and sequestered pursuant to the Project, and (ii) such agreements and other documents outside of the Project which may be required to verify the calculation of Project Revenues as set out in Section 3.6. The Recipients shall make the Records available for inspection and audit at all reasonable times upon reasonable notice by the Province or any representative appointed by the Province (which may include the Auditor General of Alberta), subject to such arrangements for ensuring confidentiality as may reasonably be required in order to allow the Recipients to comply with commercially suitable undertakings of confidentiality reasonably granted by the Recipients to third parties in furtherance of the Project. The Recipients shall take reasonable steps to facilitate such inspection and audit, and the Province shall ensure that such inspection and audit is carried out in a manner that does not excessively or unnecessarily interfere with the Recipients’ business operations. Such right of inspection and audit may be exercised by the Province solely for the purpose of assuring itself of compliance by the Recipients with the provisions of this Agreement, and apart from such right of inspection and audit, the Records shall be in the exclusive custody and control of the Recipients, and the Province shall have no general right to the Records.
Records, Inspection and Audit. Within ninety days following the end of each calendar year, commencing with the year in which the Property is brought into commercial production (not inclusive of any bulk sampling programs), Gryphon shall deliver to Vendors a written statement of the Royalty paid for said calendar year (the “Statement”). Vendors shall have the right, within a period of three months from receipt of such Statement, upon 30 days’ prior written notice, to inspect Gryphon’s books and records relating thereto and to conduct an independent audit of such books and records at its own cost and expense, and in a manner not disruptive of Gryphon’s business or operations.
Records, Inspection and Audit. All compensation payments shall be subject to the adjustments for any amounts found upon audit or otherwise to have been improperly invoiced, and all records and books of accounts pertaining to any work performed under this Agreement shall be subject to inspection and audit by the City for a period of up to three (3) years from the final payment for work performed under this Agreement.
Records, Inspection and Audit. GSK shall have the right during the terms of this Agreement to conduct an audit of Organization’s activities under this Agreement to monitor compliance with the terms of this Agreement. In particular, Organization agrees that GSK has the right to conduct a review of the Organization’s use of the Funding through a formal audit or a request for a certification (which may be in a form specified by GSK), past and current year reports or audited financial statements of the Organization, if available, to ensure it was consistent with the declared Purpose and also that GSK’s limits for the provision of the Funding is not exceeded. Subject to Clause 5.1 of the Agreement, at GSK's request, Organization shall provide to GSK proper and audit worthy itemisation and documentation on the use of the Funding. Organization shall cooperate fully with such audit, the scope, method, nature and duration of which shall be at the sole reasonable discretion of GSK.
