Common use of Reporting and Audits Clause in Contracts

Reporting and Audits. (i) In respect of each Contract, the Supplier shall from time to time, upon request by the relevant Company, furnish written reports to that Company containing such information as such Company may require about the relevant Contract, including but not limited to the quantity and/or the value of Equipment purchased by such Company (for each line item). (ii) The Supplier shall permit any Company, its representatives and auditors, and regulatory bodies, to conduct audits during the term of the relevant Contract, and for a period of seven (7) years thereafter, for the purposes of: (a) determining the Supplier’s compliance with such Contract; (b) evaluating and verifying of any invoices, payments or claims submitted by the Supplier; and (c) ensuring compliance with requirements of applicable laws, regulations and guidelines. (iii) The Supplier shall provide the relevant Company with access to documents and information pertaining to transactions with such Company. The Supplier shall ensure the accuracy and completeness of all information maintained for and furnished to such Company. (iv) The Supplier shall: (a) respond in writing to any inquiry, demand or other observation made as a result of any audit, including any audit undertaken by auditors appointed by the relevant Company, or the Supplier’s internal or external auditors (to the extent related to the provision of the equipment and services under the relevant Contract), within thirty (30) days of receipt of such observations; (b) correct any non-compliance with any provision of the relevant Contract, or any applicable accounting principles, and will complete and communicate in writing to the relevant Company, a plan for resolution of the matters identified to be completed, at the Supplier’s cost within a reasonable time; and (c) reimburse the relevant Company for the undisputed amount of any overcharges, or reissue any unpaid invoice containing an error identified in an audit report provided to the Supplier by such Company. (v) This Clause 24.2.5 does not impose any obligation by any Company to audit the Supplier. Should Company choose not to audit the Supplier, it does not exonerate, vitiate, or lessen the Supplier’s responsibilities or obligations under the relevant Contract and applicable laws, regulations and guidelines. (vi) The obligations of the Supplier under this Clause 24.2.5 will survive the expiry or termination of the relevant Contract.

Reporting and Audits. (i) In respect of each Contract, the Supplier shall from time to time, upon request by the relevant Company, furnish written reports to that Company containing such information as such Company may require about the relevant Contract, including but not limited to the quantity and/or the value of Equipment Products purchased by such Company (for each line item). (ii) The Supplier shall permit any Company, its representatives and auditors, and regulatory bodies, to conduct audits during the term of the relevant Contract, and for a period of seven (7) years thereafter, for the purposes of: (a) determining the Supplier’s compliance with such Contract; (b) evaluating and verifying of any invoices, payments or claims submitted by the Supplier; and (c) ensuring compliance with requirements of applicable laws, regulations and guidelines. (iii) The Supplier shall provide the relevant Company with access to documents and information pertaining to transactions with such Company. The Supplier shall ensure the accuracy and completeness of all information maintained for and furnished to such Company. (iv) The Supplier shall: (a) respond in writing to any inquiry, demand or other observation made as a result of any audit, including any audit undertaken by auditors appointed by the relevant Company, or the Supplier’s internal or external auditors (to the extent related to the provision of the equipment products and services under the relevant Contract), within thirty (30) days of receipt of such observations; (b) correct any non-compliance with any provision of the relevant Contract, or any applicable accounting principles, and will complete and communicate in writing to the relevant Company, a plan for resolution of the matters identified to be completed, at the Supplier’s cost within a reasonable time; and (c) reimburse the relevant Company for the undisputed amount of any overcharges, or reissue any unpaid invoice containing an error identified in an audit report provided to the Supplier by such Company; and (d) In the event whereby usage of Subcontractor is approved by the Contracting Company, Supplier must include a clause in their contract with Subcontractor allowing audit on the Subcontractor by the Contracting Company or personnel authorised by the Contracting Company. (v) This Clause 24.2.5 28.2.8 does not impose any obligation by any Company to audit the Supplier. Should Company choose not to audit the Supplier, it does not exonerate, vitiate, or lessen the Supplier’s responsibilities or obligations under the relevant Contract and applicable laws, regulations and guidelines. (vi) The obligations of the Supplier under this Clause 24.2.5 28.2.8 will survive the expiry or termination of the relevant Contract.

Reporting and Audits. (i) In respect of each Contract, the Supplier shall from time to time, upon request by the relevant Company, furnish written reports to that Company containing such information as such Company may require about the relevant Contract, including but not limited to the quantity and/or the value of Equipment Products purchased by such Company (for each line item). (ii) The Supplier shall permit any Company, its representatives and auditors, and regulatory bodies, to conduct audits during the term of the relevant Contract, and for a period of seven (7) years thereafter, for the purposes of: (a) determining the Supplier’s compliance with such Contract; (b) evaluating and verifying of any invoices, payments or claims submitted by the Supplier; and (c) ensuring compliance with requirements of applicable laws, regulations and guidelines. (iii) The Supplier shall provide the relevant Company with access to documents and information pertaining to transactions with such Company. The Supplier shall ensure the accuracy and completeness of all information maintained for and furnished to such Company. (iv) The Supplier shall: (a) respond in writing to any inquiry, demand or other observation made as a result of any audit, including any audit undertaken by auditors appointed by the relevant Company, or the Supplier’s internal or external auditors (to the extent related to the provision of the equipment products and services under the relevant Contract), within thirty (30) days of receipt of such observations; (b) correct any non-compliance with any provision of the relevant Contract, or any applicable accounting principles, and will complete and communicate in writing to the relevant Company, a plan for resolution of the matters identified to be completed, at the Supplier’s cost within a reasonable time; and; (c) reimburse the relevant Company for the undisputed amount of any overcharges, or reissue any unpaid invoice containing an error identified in an audit report provided to the Supplier by such Company; and (d) In the event whereby usage of Subcontractor is approved by the Contracting Company, Supplier must include a clause in their contract with Subcontractor allowing audit on the Subcontractor by the Contracting Company or personnel authorised by the Contracting Company. (v) This Clause 24.2.5 24.2.11 does not impose any obligation by any Company to audit the Supplier. Should Company choose not to audit the Supplier, it does not exonerate, vitiate, or lessen the Supplier’s responsibilities or obligations under the relevant Contract and applicable laws, regulations and guidelines. (vi) The obligations of the Supplier under this Clause 24.2.5 24.2.11 will survive the expiry or termination of the relevant Contract.

Reporting and Audits. (i) In respect of each Contract, the Supplier shall from time to time, upon request by the relevant Company, furnish written reports to that Company containing such information as such Company may require about the relevant Contract, including but not limited to the quantity and/or the value of Equipment Services and Deliverables purchased by such Company (for each line item). (ii) The Supplier shall permit any Company, its representatives and auditors, and regulatory bodies, to conduct audits during the term of the relevant Contract, and for a period of seven (7) years thereafter, for the purposes of: (a) determining the Supplier’s compliance with such Contract; (b) evaluating and verifying of any invoices, payments or claims submitted by the Supplier; and (c) ensuring compliance with requirements of applicable laws, regulations and guidelines. (iii) The Supplier shall provide the relevant Company with access to documents and information pertaining to transactions with such Company. The Supplier shall ensure the accuracy and completeness of all information maintained for and furnished to such Company. (iv) The Supplier shall: (a) respond in writing to any inquiry, demand or other observation made as a result of any audit, including any audit undertaken by auditors appointed by the relevant Company, or the Supplier’s internal or external auditors (to the extent related to the provision of the equipment services and services deliverables under the relevant Contract), within thirty (30) days of receipt of such observations; (b) correct any non-compliance with any provision of the relevant Contract, or any applicable accounting principles, and will complete and communicate in writing to the relevant Company, a plan for resolution of the matters identified to be completed, at the Supplier’s cost within a reasonable time; and; (c) reimburse the relevant Company for the undisputed amount of any overcharges, or reissue any unpaid invoice containing an error identified in an audit report provided to the Supplier by such Company; and (d) In the event whereby usage of Subcontractor is approved by the Contracting Company, Supplier must include a clause in their contract with Subcontractor allowing audit on the Subcontractor by the Contracting Company or personnel authorised by the Contracting Company. (v) This Clause 24.2.5 30.2.8 does not impose any obligation by any Company to audit the Supplier. Should Company choose not to audit the Supplier, it does not exonerate, vitiate, or lessen the Supplier’s responsibilities or obligations under the relevant Contract and applicable laws, regulations and guidelines. (vi) The obligations of the Supplier under this Clause 24.2.5 30.2.8 will survive the expiry or termination of the relevant Contract.

Reporting and Audits. (i) In respect of each Contract, the Supplier shall from time to time, upon request by the relevant Company, furnish written reports to that Company containing such information as such Company may require about the relevant Contract, including but not limited to the quantity and/or the value of Equipment Services and Deliverables purchased by such Company (for each line item). (ii) The Supplier shall permit any Company, its representatives and auditors, and regulatory bodies, to conduct audits during the term of the relevant Contract, and for a period of seven (7) years thereafter, for the purposes of: (a) determining the Supplier’s compliance with such Contract; (b) evaluating and verifying of any invoices, payments or claims submitted by the Supplier; and (c) ensuring compliance with requirements of applicable laws, regulations and guidelines. (iii) The Supplier shall provide the relevant Company with access to documents and information pertaining to transactions with such Company. The Supplier shall ensure the accuracy and completeness of all information maintained for and furnished to such Company. (iv) The Supplier shall: (a) respond in writing to any inquiry, demand or other observation made as a result of any audit, including any audit undertaken by auditors appointed by the relevant Company, or the Supplier’s internal or external auditors (to the extent related to the provision of the equipment services and services deliverables under the relevant Contract), within thirty (30) days of receipt of such observations; (b) correct any non-compliance with any provision of the relevant Contract, or any applicable accounting principles, and will complete and communicate in writing to the relevant Company, a plan for resolution of the matters identified to be completed, at the Supplier’s cost within a reasonable time; and; (c) reimburse the relevant Company for the undisputed amount of any overcharges, or reissue any unpaid invoice containing an error identified in an audit report provided to the Supplier by such Company; and (d) In the event whereby usage of Subcontractor is approved by the Contracting Company, Supplier must include a clause in their contract with Subcontractor allowing audit on the Subcontractor by the Contracting Company or personnel authorised by the Contracting Company. (v) This Clause 24.2.5 29.2.8 does not impose any obligation by any Company to audit the Supplier. Should Company choose not to audit the Supplier, it does not exonerate, vitiate, or lessen the Supplier’s responsibilities or obligations under the relevant Contract and applicable laws, regulations and guidelines. (vi) The obligations of the Supplier under this Clause 24.2.5 29.2.8 will survive the expiry or termination of the relevant Contract.