Report and Audit Sample Clauses

Report and Audit. 1. GRAVITY may investigate (hereinafter referred to as "Audit") Sunny and sales agents appointed by Sunny regarding any matters, including the use of Ragnarok and the operating performance results of the agents. Sunny shall submit to GRAVITY all materials necessary for the Audit and otherwise fully cooperate. 2. GRAVITY may request that Sunny take appropriate measures in connection with the audit results, and Sunny shall make effort to comply with such request to the maximum extent possible. 3. If the Audit results indicate a deficiency by more than 5% in the amount paid by Sunny to Gravity compared to the amount so payable, Sunny shall reimburse GRAVITY for all costs incurred in connection with such audit and promptly pay the amount of such deficiency, plus a default interest thereon at 13% per annum.
Sample 1
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Report and Audit. AIM shall provide reasonable details to AOG and the Trust of the basis for the calculation of the Management Fees, the General and Administrative Costs or any other charges or expenses to be paid to AIM pursuant to Sections 3.1 and 3.4 or which are used to calculate the Royalty payment or Distributable Income. AOG and the Trust shall have the right during normal business hours to audit the books of account of AIM relating to the fees or expenses payable to AIM as described in Sections 3.1 and 3.4 or which are used to calculate the Royalty payment or Distributable Income or other matter necessary or advisable to be audited in order for AOG or the Trust to conduct an audit of AOG's or the Trust's financial affairs. AIM agrees to keep and maintain in Calgary suitable records and accounts for such purposes.
Sample 1
Report and Audit. 4.01 Licensee shall provide Licensor with all the information on the development of its business in relation to the Game. 4.02 Licensee shall provide Licensor with a monthly report in form and substance acceptable to Licensor within twenty (20) Days after the end of each calendar month during the term of this Agreement in writing on its business activities in relation to the Game including but not limited to the list of Users, the fees charged by Licensee, sales revenue of the pertinent month, advertising activities and the expenses therefore, complaints received from Users and market trends in the Territory. 4.03 Licensee shall keep all of its record, contractual and accounting documents and company documents in relation to its business and activities under this Agreement in its offices, during the term of this Agreement and for two (2) years after the expiration or termination of this Agreement. 4.04 Licensor shall have the right to access, at any time, via online connection means (provision of identification number and password by Licensee) or, at the sole discretion of Licensor, any other means of access including without limitation an-site access, all Servers operated and managed by or for Licensee, including without limitation, all Servers operating the Game, all Game related data base and billing system related Servers. For the avoidance of doubt, in the event any of such Servers are maintained and operated by an authorized third party (e.g. data service centers). Licensee shall ensure that Licensor will have full right and authority to access such Servers at all times. Licensee shall immediately notify Licensor of any changes in the procedures to access such Servers. 4.05 During the term of this Agreement and one (1) year after the expiration or termination thereof, Licensor may by itself or through an accountant designated by Licensor investigate and audit all of the company documents of Licensee with respect to its Game business twice a year, with a written notice thereof from Licensor to Licensee at least three (3) Business Days prior to such audit. For this purpose, Licensor may request Licensee to produce the relevant documents, and may visit Licensee’s office and make copies of Licensee’s documents, and Licensee shall provide all assistance and co-operation required by Licensor for such investigation and audit. All expenses incurred for such investigation and audit shall be born by Licensor unless such investigation and audit reveals underpay...
Sample 1
Report and Audit. 7.1 IAL shall maintain accurate books and records, which show the revenue and keep them for two (2) years from the due dates of royalty payments. IAL shall permit an independent accounting firm designated by INFOCAST to audit aforesaid books and records as may be necessary to confirm the royalty described in Article 5 hereof; provided, however, such audit shall be performed during IAL's ordinary business hours not more than once a year. INFOCAST shall notify IAL of such audit with ten (10) days prior written notice.
Sample 1
Report and Audit. Buyer shall provide Seller with the following reports with respect to the calculation of the Teleknowledge Revenues and the payments actually paid to Buyer: (a) as soon as practicable, but in any event within thirty (30) days after the end of each quarter, a quarterly report, which shall include details of all said Buyer revenues, and (b) as soon as practicable, but in any event within ninety (90) days of the end of each fiscal year, an annual report which shall include details of all the said Buyer revenue, which report shall be accompanied by a certification issued by Buyer's independent public accountants, which reports shall be provided by Buyer until Seller has received all the Additional Contingent Consideration to which it is entitled pursuant to Section 2.5.4. Seller shall have the right, upon thirty (30) days notice, during the four (4) years commencing on the Closing, to have an inspection and audit, no more frequently than twice a year, of all the relevant records, agreements and accounting and sales books of Buyer (the "Audit"), conducted by an independent certified public accountant selected by Seller and acceptable to Buyer, which shall be conducted during regular business hours at Buyer's offices and in such manner as not to unreasonably interfere with Buyer's normal business activities. In the event an Audit reveals a default in payment of the Additional Contingent Consideration, Buyer will immediately pay any amount owed to Seller plus interest of 5% per annum, and if the default is of more than 10% of the amount paid to Seller, Buyer shall reimburse Seller for the reasonable costs of the Audit, which shall otherwise be borne by Seller. Should Seller and Buyer disagree as to the results of any Audit, they shall appoint the Independent Auditor to resolve the dispute. The Independent Auditor shall review the claims of each Party and the supporting documents presented by it and shall render a final and binging determination.
Sample 1
Report and Audit. The Data Recipient is obliged to report to the Data Provider on a quarterly basis on the use of the Data as well as on the use of the Data by all entities, who received the Data. The Data Recipient shall grant the Data Provider the right, subject to prior announcement, to inspect and review all data relating to the use of the Data, the Interface and other obligations of Data Recipient according to the Agreement at the Data Recipient‘s premises; the Data Provider or third parties engaged by it may enter the Data Recipient's premises for this purpose during normal business hours. The cost of such audits shall be borne by the Data Recipient if violations of the provisions of the Agreement are found, unless the Data Recipient is not responsible for such violation. The Data recipient shall pay the remuneration as set out in Annex 3. All prices are exclusive any applicable statutory VAT. Data Provider will issue the first invoice for the Data in value of CZK 50.000 in advance. This invoice shall be due until the end of the year 2023. From the start of the year 2024, Data Provider will invoice at the end of each quartal. These invoices shall be issued and sent to the Data Recipient no later than on 15th day of following month. These invoices must be paid within 30 days of the invoice date. Invoicing shall be electronic only and shall be sent by email in PDF format. In case of delayed payment on the part of the Data Recipient, Data Provider shall be entitled to charge a default interest for delay of payments at an annual default interest rate calculated as the sum of the relevant interest rate of the Czech National Bank (Česká národní banka, hereinafter referred to as “CNB”) plus eight percentage points. The relevant interest rate of the CNB applicable for the entire term of the delay of payment is defined as CNB’s REPO reference rate valid on the last calendar day of the calendar half-year preceding to the beginning of the delay of payment. Section 12 remains unaffected. Data Provider may request from the Data Recipient to report all pending accounting items related to the commercial relationship with Data Provider on the specific date. Data Recipient shall clarify and solve with Data Provider all differences with the relevant items recorded in accounting of Data Provider. Data Recipient is not entitled to assign or pledge its receivables against Data Provider. The Data Recipient shall only be allowed to offset any claims from Data Provider against own claims tha...
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Report and Audit 
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Related to Report and Audit

  • Reports and Audits The Company shall as soon as practicable but in no event later than six months after the end of each of its fiscal years, file with the Trustee and the Issuer, audited financial statements of the Company prepared as of the end of such fiscal year; provided that the Company may satisfy this requirement by its filing of such information with the Securities and Exchange Commission (xxx.xxx.xxx) and the Municipal Securities Rulemaking Board (xxx.xxxx.xxxx.xxx) in accordance with their respective filing requirements.

  • INSPECTIONS AND AUDITS 30 A. ADMINISTRATOR, any authorized representative of COUNTY, any authorized representative 31 of the State of California, the Secretary of the United States Department of Health and Human Services, 32 the Comptroller General of the United States, or any other of their authorized representatives, shall have 33 access to any books, documents, and records, including but not limited to, financial statements, general 34 ledgers, relevant accounting systems, medical and client records, of CONTRACTOR that are directly 35 pertinent to this Agreement, for the purpose of responding to a beneficiary complaint or conducting an 36 audit, review, evaluation, or examination, or making transcripts during the periods of retention set forth 37 in the Records Management and Maintenance Paragraph of this Agreement. Such persons may at all 1 reasonable times inspect or otherwise evaluate the services provided pursuant to this Agreement, and the 2 premises in which they are provided. 3 B. CONTRACTOR shall actively participate and cooperate with any person specified in 4 Subparagraph A. above in any evaluation or monitoring of the services provided pursuant to this 5 Agreement, and shall provide the above–mentioned persons adequate office space to conduct such 6 evaluation or monitoring. 7 C. AUDIT RESPONSE 8 1. Following an audit report, in the event of non–compliance with applicable laws and 9 regulations governing funds provided through this Agreement, COUNTY may terminate this Agreement 10 as provided for in the Termination Paragraph or direct CONTRACTOR to immediately implement 11 appropriate corrective action. A plan of corrective action shall be submitted to ADMINISTRATOR in 12 writing within thirty (30) calendar days after receiving notice from ADMINISTRATOR. 13 2. If the audit reveals that money is payable from one party to the other, that is, reimbursement 14 by CONTRACTOR to COUNTY, or payment of sums due from COUNTY to CONTRACTOR, said 15 funds shall be due and payable from one party to the other within sixty (60) calendar days of receipt of 16 the audit results. If reimbursement is due from CONTRACTOR to COUNTY, and such reimbursement 17 is not received within said sixty (60) calendar days, COUNTY may, in addition to any other remedies 18 provided by law, reduce any amount owed CONTRACTOR by an amount not to exceed the 19 reimbursement due COUNTY. 20 D. CONTRACTOR shall retain a licensed certified public accountant, who will prepare an annual 21 Single Audit as required by 31 USC 7501 – 7507, as well as its implementing regulations under 2 CFR 22 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal 23 Awards. CONTRACTOR shall forward the Single Audit to ADMINISTRATOR within fourteen (14) 24 calendar days of receipt. 25 E. CONTRACTOR shall forward to ADMINISTRATOR a copy of any audit report within 26 fourteen (14) calendar days of receipt. Such audit shall include, but not be limited to, management, 27 financial, programmatic or any other type of audit of CONTRACTOR’s operations, whether or not the 28 cost of such operation or audit is reimbursed in whole or in part through this Agreement. 29

  • INSPECTION AND AUDIT The CONTRACTOR shall maintain, and the LEA shall have the right to examine and audit all of the books, records, documents, accounting procedures and practices and other evidence that reflect all costs claimed to have been incurred or fees claimed to have been earned under this Agreement. CONTRACTOR shall provide access to LEA to all records including, but not limited to: student records as defined by California Education Code section 49061(b); registers and roll books of teachers; daily service logs and notes or other documents used to record the provision of related services; Medi-Cal/daily service logs and notes used to record provision of services provided by instructional assistants, behavior intervention aides, bus aides, and supervisors; absence verification records (parent/doctor notes, telephone logs, and related documents); bus rosters; staff lists specifying credentials held, business licenses held, documents evidencing other qualifications, social security numbers, dates of hire, and dates of termination; staff time sheets; non-paid staff and volunteer sign-in sheets; transportation and other related service subcontracts; school calendars; bell/class schedules when applicable; liability and worker’s compensation insurance policies; state NPS/A certifications; by-laws; lists of current board of directors/trustees, if incorporated; other documents evidencing financial expenditures; federal/state payroll quarterly reports Form 941/DE3DP; and bank statements and canceled checks or facsimile thereof. Such access shall include unannounced inspections by XXX. CONTRACTOR shall make available to LEA all budgetary information including operating budgets submitted by CONTRACTOR to LEA for the relevant contract period being audited. CONTRACTOR shall make all records available at the office of LEA or CONTRACTOR’s offices (to be specified by XXX) at all reasonable times and without charge. All records shall be provided to LEA within five (5) working days of a written request from XXX. CONTRACTOR shall, at no cost to LEA, provide assistance for such examination or audit. XXX’s rights under this section shall also include access to CONTRACTOR’s offices for purposes of interviewing CONTRACTOR’s employees. If any document or evidence is stored in an electronic form, a hard copy shall be made available to the LEA, unless the LEA agrees to the use of the electronic format. CONTRACTOR shall obtain from its subcontractors and suppliers written agreements to the requirements of this section and shall provide a copy of such agreements to LEA upon request by XXX. If an inspection, review, or audit by XXX, a state agency, a federal agency, and/or an independent agency/firm determines that CONTRACTOR owes LEA monies as a result of CONTRACTOR’s over billing or failure to perform, in whole or in part, any of its obligations under this Master Contract, LEA shall provide to CONTRACTOR written notice demanding payment from CONTRACTOR and specifying the basis or bases for such demand. Unless CONTRACTOR and XXX otherwise agree in writing, CONTRACTOR shall pay to LEA the full amount owed as result of CONTRACTOR’s over billing and/or failure to perform, in whole or in part, any of its obligations under this Master Contract, as determined by an inspection, review, or audit by XXX, a state agency, a federal agency, and/or an independent agency/firm. CONTRACTOR shall make such payment to LEA within thirty (30) days of receipt of XXX’s written notice demanding payment.

  • Monitoring and Audit Seller shall provide information on available audit logs and reports relating to cyber and physical and security. Company may audit Seller's records to ensure Seller's compliance with the terms of this Section 1(b)(iii)G (Critical Infrastructure Protection) of this Attachment B (Facility Owned by Seller), provided that Company has provided reasonable notice to Seller and any such records of Seller's will be treated by Company as confidential.

  • Certifications and Audits Company shall promptly complete and return to BNYM any certifications which BNYM in its sole discretion may from time to time send to Company, certifying that Company is using the Licensed System in strict compliance with the terms and conditions set forth in this Agreement. BNYM may, at its expense and after giving reasonable advance written notice to Company, enter Company locations during normal business hours and audit Company’s utilization of the Licensed System, the number of copies of the Documentation in Company’s possession, and the scope of use and information pertaining to Company’s compliance with the provisions of this Agreement. The foregoing right may be exercised directly by BNYM or by delegation to an independent auditor acting on its behalf. If BNYM discovers that there is any unauthorized scope of use or that Company is not in compliance with the aforementioned provisions, Company shall reimburse BNYM for the full costs incurred in conducting the audit.

  • Checks and Audits The parties of the agreement undertake to provide any detailed information requested by the European Commission, the National Agency of [country] or by any other outside body authorised by the European Commission or the National Agency of [country] to check that the mobility period and the provisions of the agreement are being properly implemented.

  • ACCOUNTING AND AUDIT The Agency shall utilize and maintain such records and practices regarding receipts and disbursements of the Funds as to be in accordance with generally accepted accounting principles. All such records shall be open to inspection and audit by the City or by the City's designee during normal business hours during the term hereof and for a period of three (3) years after the termination of this Agreement. Any cost incurred by the Agency as a result of a City audit shall be the sole responsibility of and shall be borne by the Agency. In addition, should the Agency provide any or all of the Funds to sub-recipients, then and in that event the Agency shall include in written agreements with such sub-recipients a requirement that records of the sub-recipient be open to inspection and audit by the City or the City's designee to the same extent as those of the Agency.

  • Inspection and Audit of Records Any records or documents that Section 9.2 of this Agreement requires Consultant to maintain shall be made available for inspection, audit, and/or copying at any time during regular business hours, upon oral or written request of the City. Under California Government Code Section 8546.7, if the amount of public funds expended under this Agreement exceeds TEN THOUSAND DOLLARS ($10,000.00), the Agreement shall be subject to the examination and audit of the State Auditor, at the request of City or as part of any audit of the City, for a period of three (3) years after final payment under the Agreement.

  • FINANCIAL RECORDS AND AUDIT Seller shall retain all financial records and documents pertaining to the Goods for a period of no less than three years after final payment. Such records and documents shall date back to the time this Contract was issued and shall include without limitation, catalogs, price lists, invoices, underlying data and basis for cost estimates, and inventory records. Buyer shall have the right to examine, reproduce and audit all Seller records related to pricing, incurred costs and proposed costs associated with any proposals (prior to or after contract award), invoices or claims.

  • ACCOUNTS AND AUDIT 18.1 The Supplier shall keep proper and accurate books and records, including all invoices, receipts and vouchers, relating to the Services and all expenditures and commitments made in connection therewith. The Supplier shall make such books and records available to the Local Government for review or audit within ten (10) days following receipt of a request from the Local Government to do so. The Supplier agrees that it shall retain all such books and records and make them available for review or audit by the Local Government for a period of three (3) years after the date of final payment by the Local Government hereunder. Any review or audit by the Local Government pursuant to this Section 18.1 shall be carried out by the Local Government at the Local Government’s expense.

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