Records Retention & Inspection. Contractor will maintain complete and accurate records to substantiate charges, disbursements, and/or expenses, made or incurred by Contractor in performance of this Agreement. In the event Contractor does not maintain such documentation, claims for payment will not be valid or reimbursable. Any payments made by Crystal Stairs subsequently found to be invalid and not reimbursable will be returned by Contractor. Contractor will retain, and make available upon request, such books, documents, papers and records for 5 years from the date of the final Payment. These records may be subject to review by Crystal Stairs, the Funding Agency and the Comptroller General of the United States, or any of their duly authorized Crystal Stairs, Inc. General Services Subcontract Agreement (rev. 11/22/2023) representatives, for purposes of conducting audits, examinations, creating excerpts or reviewing transcriptions and Contractor’s Staff, who might reasonably have information related to such records, may be interviewed.
Records Retention & Inspection. Contractor will maintain complete and accurate records to substantiate charges, disbursements, and/or expenses, made or incurred by Contractor in performance of this Agreement. In the event Contractor does not maintain such documentation, claims for payment will not be valid or reimbursable. Any payments made by Xxxxxxx Xxxxxx subsequently found to be invalid and not reimbursable will be returned by Contractor. Contractor will retain, and make available upon request, such books, documents, papers and records for 5 years from the date of the final Payment. These records may be subject to review by Xxxxxxx Xxxxxx, the Funding Agency and the Comptroller General of the United States, or any of their duly authorized Crystal Stairs, Inc. General Services Subcontract Agreement (rev. 11/22/2023) representatives, for purposes of conducting audits, examinations, creating excerpts or reviewing transcriptions and Contractor’s Staff, who might reasonably have information related to such records, may be interviewed.
Records Retention & Inspection. 1. Every Secondhand Dealer shall maintain for a period of 5 years all of the information required in subparagraphs a and b of this Section 11. All records required to be maintained pursuant to this local law and all secondhand articles covered by this local law shall be subject to examination during normal business hours by any member of the Genesee County Sheriff's Office or other police department or agency.
Records Retention & Inspection. Licensee shall (and shall cause the other members of the Licensee Group to) keep accurate and correct records of Licensed Products made, used, or sold and Licensed Processes practiced or provided under this Agreement appropriate to determine the amounts due to CHOP under this Agreement. Such records shall be retained for at least five (5) years following a given reporting period. They shall be available during normal business hours for inspection or audit at the expense of CHOP by an accountant or other designated auditor selected by CHOP for the sole purpose of verifying reports and payments hereunder. The accountant or auditor shall only disclose to CHOP information relating to the accuracy of reports and payments made under this Agreement. If an inspection shows an underreporting or underpayment in excess of five percent (5%) for any twelve (12) month period, then Licensee shall reimburse CHOP for the out-of-pocket cost of the inspection at the time Licensee pays the unreported royalties, including any late charges as required by Section 9.7 of this Agreement. All payments required under this Section 8.1 shall be due within thirty (30) days of the date CHOP provides Licensee notice of the payment due.
