Reporting; Audit Rights Sample Clauses

The 'Reporting; Audit Rights' clause grants one party the ability to request and review records or reports from the other party to ensure compliance with the agreement. Typically, this clause outlines the types of information that must be provided, the frequency of reporting, and the procedures for conducting audits, such as advance notice and access to relevant documents. Its core function is to provide transparency and accountability, allowing the auditing party to verify that obligations are being met and to detect any discrepancies or breaches.
Reporting; Audit Rights. Calyxt shall render to Cellectis, on a calendar quarterly basis, commencing with the first calendar quarter after the Effective Date, a detailed written report of the royalties and Bare Sublicense Revenue due to Cellectis. Such report shall be accompanied by a remittance of such royalties and Bare Sublicense Revenue as shown to be due hereunder. Each report shall be rendered within thirty (30) days following the end of each calendar quarterly period. Calyxt shall keep books and records in sufficient detail to enable the royalty payments and Bare Sublicense Revenue due hereunder to be adequately determined. Once per calendar year, upon reasonable written notice, Cellectis or any third party owner of Patent rights included in the Licensed Cellectis IP shall have the right at its sole cost and expense to cause a nationally recognized independent certified public accountant reasonably acceptable to Calyxt to examine and inspect such books and records during Calyxt’s normal business hours, but only to the extent necessary to verify the computation of royalties and Bare Sublicense Revenue payable hereunder. Such books and records shall be deemed Confidential Information of Calyxt hereunder, and such nationally recognized independent certified public accountant shall disclose to Cellectis or such third party only the royalties and Bare Sublicense Revenue payable and the percentage under/overpayment by Calyxt. In the event that such examination determines that Calyxt has underpaid royalties and Bare Sublicense Revenue by more than three percent (3%), Calyxt shall reimburse Cellectis for its reasonable costs in conducting such examination. At Calyxt’s expense, Calyxt shall also provide Cellectis with all reasonably requested cooperation in connection with complying with any audit regarding the activities of Calyxt hereunder that is conducted by or on behalf of the University of Minnesota pursuant to the UMinn License.
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Reporting; Audit Rights. The General Agreement will be amended to state that Priceline will make available (at no cost to Delta) to all Participating Airlines, on an agreed production schedule, the following information for all Domestic and International markets in which such Participating Airlines provide fares and availability ("Applicable O&D's"):
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Reporting; Audit Rights. On or before each Delivery Date, Seller shall deliver evidence of the actual energy volume generated by each Facility with respect to the relevant Reporting Period, with detail reasonably satisfactory to Buyer. Upon request of Buyer, Seller shall promptly provide to Buyer or its designee all information reasonably requested to validate compliance by Seller of its obligations hereunder, including but not limited to (i) real-time data exchanged with PJM, (ii) settlements data residing in the PJM sub-account dedicated to the Facilities, (iii) availability information and (iv) outage information. Sellershall not be required to deliver information unrelated to the Facilities.
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Reporting; Audit Rights. Repair Vendor shall keep accurate books and records of account containing complete information concerning all Consigned Inventory received, stored, and used in the performance of Services, and Sun shall have access to such records during normal business hours upon request. Repair Vendor shall submit to Sun periodic statements detailing the foregoing in accordance with the SOW. Sun may carry out during normal business hours an audit of Repair Vendor's facilities to ensure compliance with this Agreement. Repair Vendor shall promptly pay Sun for any discrepancies revealed by the audit. If the audit reveals a discrepancy of greater than ten percent (10%), Repair Vendor shall in addition pay all costs and expenses associated with the audit.
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Reporting; Audit Rights. Recipient agrees to provide (i) quarterly reports to Qualcomm in a format that adheres to Qualcomm requirements (each, a “Quarterly Report”), or such other form as may be reasonably requested by Qualcomm, during the term of this Agreement in a format that adheres to Qualcomm requirements. The first Quarterly Report will be due 4/30/2017 and cover the period from the Effective Date to 3/31/2017. The next Quarterly Report will cover April, May and June and then be due on 7/31/2017 and the same pattern should be used for the subsequent reports until the end of the project implementation. All Quarterly Reports submitted should include all receipts for equipment purchased with grant monies. Recipient acknowledges that any failure to submit a Quarterly Report in a complete and timely manner will disqualify Recipient from receiving further monies under this Agreement or any amendment hereto. Recipient agrees that within forty-five (45) calendar days after the Effective Date, Recipient and Qualcomm will jointly agree to a project plan containing milestones and a timeline. Recipient is also responsible for developing a monitoring and evaluation plan using the Salesforce quarterly report tool provided by Qualcomm that includes one or more indicators that will be measured during start-up and throughout the life of the intervention on a quarterly basis as appropriate. Recipient shall permit Qualcomm, at Qualcomm’s expense, to visit and audit Recipient’s books of account and records; and to discuss with Recipient’s officers the use of the Grant. Such visit and audit shall occur during normal business hours of Recipient at a time as may be reasonably requested by Qualcomm. Qualcomm hereby grants to Recipient a non-exclusive, non-transferable, non-assignable, non-sublicenseable royalty-free, limited copyright license to use the program provided to Recipient by Qualcomm (the “Monitoring Tool”) for the sole purpose of Recipient performing its reporting obligations pursuant to this Agreement. Recipient agrees that it will not (and it will not authorize or permit any third party to): (i) use the Monitoring Tool for any other purpose except what is stated in the preceding sentence, (ii) modify, copy or make derivative works of the Monitoring Tool or (iii) distribute the Monitoring Tool to any third party.”
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Reporting; Audit Rights. P▇▇▇▇▇▇ shall render to NG the accounting statements in respect of Gross Receipts and Net Receipts on a monthly basis during the Term, whether or not any Net Receipts are shown to be due to the Parties, and such statements shall be accompanied by payment of Net Receipts, if any, for that particular monthly period. P▇▇▇▇▇▇ agrees to keep accurate books of account and records and shall allow NG or its representatives, during the Term and for a period of twelve months thereafter, to audit said books of account and records and to make copies thereof at each Party’s sole expense. If any underpayment in the amount of 5% or more is disclosed by an audit, the actual and reasonable costs of that audit shall be borne by P▇▇▇▇▇▇.
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Reporting; Audit Rights. (a) Each Party shall provide reports to the other Party in accordance with Exhibit C of this JDA. (b) Section 10.8.1 of the Collaboration Agreement shall apply mutatis mutandis for the purpose of verifying the accuracy of the reports provided under Section 14.2(a).
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Reporting; Audit Rights. 1. Priceline will provide monthly reports in a format designated by Airline summarizing (i) information concerning each ticket issued by PriceLine Travel on Airline; (ii) aggregate information (i.
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Reporting; Audit Rights 
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Related to Reporting; Audit Rights

  • Records; Audit Rights ▇▇▇▇▇▇ shall keep and maintain for [*****] years complete and accurate records of Development Costs incurred with respect to Co-Developed Products in sufficient detail to allow confirmation of same by Enanta. Enanta shall have the right for a period of [*****] years after such Development Cost is reconciled in accordance with Section 5.2 to inspect or audit, or to appoint, at its expense, an independent certified public accountant reasonably acceptable to ▇▇▇▇▇▇ to inspect or audit, the relevant records of ▇▇▇▇▇▇ and its Affiliates to verify that the amount of such Development Costs was correctly determined. ▇▇▇▇▇▇ and its Affiliates shall each make its records available for inspection or audit by such independent certified public accountant during regular business hours at such place or places where such records are customarily kept, upon reasonable notice from Enanta, solely to verify that Development Costs hereunder were correctly determined; provided that Enanta shall not have the right to inspect or audit any Calendar Year more than [*****] or more than [*****] years after the end of such Calendar Year or to conduct more than [*****] such audit in any [*****] month period. All records made available for inspection or audit shall be deemed to be Confidential Information of ▇▇▇▇▇▇. The results of each inspection or audit, if any, shall be binding on both Parties. In the event there was an error in the amount of Development Costs reported by ▇▇▇▇▇▇ hereunder, (a) if the amount of Development Costs was over-reported, ▇▇▇▇▇▇ shall promptly (but in any event no later than [*****] days after ▇▇▇▇▇▇’▇ receipt of the independent accountant’s report so concluding) make payment to Enanta of the over-reported amount and (b) if the amount of Development Costs was underreported, Enanta shall promptly (but in any event no later than [*****] days after Enanta’s receipt of the independent accountant’s report so concluding) make payment to ▇▇▇▇▇▇ of the underreported amount. Enanta shall bear the full cost of such audit unless such audit discloses an over-reporting by ▇▇▇▇▇▇ of more than [*****] of the aggregate amount of Development Costs reportable in any Calendar Year, in which case ▇▇▇▇▇▇ shall reimburse Enanta for all costs incurred by Enanta in connection with such inspection or audit.

  • Audit Rights The Recipient shall, at all reasonable times, provide the Director access to a right to inspect all sites and facilities involved in the Project and access to and a right to examine or audit any and all books, documents and records, financial or otherwise, relating to the Project or to ensure compliance with the provisions of this Agreement. The Recipient shall maintain all such books, documents and records for a period of three (3) years after the termination of this Agreement, and such shall be kept in a common file to facilitate audits and inspections. All disbursements made pursuant to the terms of this Agreement shall be subject to all audit requirements applicable to State funds. The Recipient shall ensure that a copy of any final report of audit prepared in connection with and specific to the Project, regardless of whether the report was prepared during the pendency of the Project or following its completion, is provided to the Director within ten (10) days of the issuance of the report. The Recipient simultaneously shall provide the Director with its detailed responses to each and every negative or adverse finding pertaining to the Project and contained in the report. Such responses shall indicate what steps will be taken by the Recipient in remedying or otherwise satisfactorily resolving each problem identified by any such finding. If the Recipient fails to comply with the requirements of this Section or fails to institute steps designated to remedy or otherwise satisfactorily resolve problems identified by negative audit findings, the Director may bar the Recipient from receiving further financial assistance under Chapter 164 of the Revised Code until the Recipient so complies or until the Recipient satisfactorily resolves such findings.

  • Audit Right In the event that within ninety (90) days after Tenant’s receipt of the Statement for the prior calendar year, Tenant reasonably believes that certain of the Operating Expenses charged by Landlord include costs that are not properly included within the term “Operating Expenses” or that Landlord has erred in calculating same, Tenant shall have the right to audit Landlord’s books and records in accordance with this subsection. Tenant shall exercise such audit right by providing Landlord with a written notice of Tenant’s exercise of such audit right within such 90-day period and a statement enumerating reasonably detailed reasons for Tenant’s objections to the Statement issued by Landlord (the “Audit Notice”). Upon the receipt by Landlord of an Audit Notice, Landlord shall instruct its property manager for the Building to meet with a designated employee of Tenant (the “Tenant Representative”) to discuss the objections set forth in the Audit Notice. Landlord shall provide the Tenant Representative with reasonable access to Landlord’s books and records at the property manager’s office relating to Operating Expenses for the calendar year in question in order to attempt to resolve the issues raised by Tenant in the Audit Notice. If, within thirty (30) days after Landlord’s receipt of the Audit Notice, Landlord and Tenant are unable to resolve Tenant’s objections, then not later than fifteen (15) days after the expiration of such 30-day period, Tenant may conduct the audit. Such audit shall be performed by an independent, reputable certified public accounting firm charging for its services on an hourly rate (and not a contingent fee) basis (“Acceptable Accountants”) for the purpose of inspecting and auditing Landlord’s books and records for the Building relating to the objections raised in Tenant’s Audit Notice. Prior to commencing such audit, the Acceptable Accountants and Tenant must enter into a confidentiality agreement whereby the Acceptable Accountants and Tenant agree to keep the results and findings of such audit confidential. Such audit shall be limited to a determination of whether or not Landlord calculated the Operating Expenses in accordance with the terms and conditions of this Lease. All costs and expenses of any such audit shall be paid by Tenant; provided, however, in the event it is ultimately determined that Landlord has overstated Operating Expenses by more than five percent (5%), then Landlord shall reimburse Tenant for Tenant’s reasonable, out-of-pocket cost of the audit (but in no event to exceed the lesser of the amount of the overcharge to Tenant or $2,000.00) plus the amount determined to have been overpaid by Tenant. Any audit performed pursuant to the terms of this subsection shall be conducted only by the Acceptable Accountants at the offices of Landlord’s property manager. Notwithstanding anything contained herein to the contrary, Tenant shall be entitled to exercise its audit right pursuant to this subsection only in strict accordance with the foregoing procedures no more often than once per calendar year and each such audit shall relate only to the calendar year most recently ended. In the event that Tenant fails to notify Landlord within the foregoing 90-day period that Tenant objects to the Statement, then Tenant’s right to audit such year’s Statement shall be null and void.

  • Books and Records; Audit Rights (a) Tenant shall maintain for a period of five (5) years after the Expiration Date, or, in the event of a claim by City, until such claim of City for payments hereunder shall have been fully ascertained, fixed and paid, separate and accurate daily records of Gross Revenues, whether for cash, credit, or otherwise. Tenant must require each subtenant, concessionaire, licensee, and assignee to maintain the same records. All such books and records shall be kept in accordance with “generally accepted accounting principles”, consistently applied, showing in detail all business done or transacted in, on, about or from or pertaining to the Premises, and Tenant shall enter all receipts arising from such business in regular books of account, and all entries in any such records or books shall be made at or about the time the transactions respectively occur. The books and source documents to be kept by Tenant must include records of inventories and receipts of merchandise, daily receipts from all sales and other pertinent original sales records and records of any other transactions conducted in or from the Premises by all persons or entities conducting business in or from the Premises. Pertinent original sales records include: (i) cash register tapes, including tapes from temporary registers, (ii) serially pre-numbered sales slips, (iii) the original records of all mail and telephone orders at and to the Premises, (iv) settlement report sheets of transactions with subtenants, concessionaires, licensees and assignees, (v) original records indicating that merchandise returned by customers was purchased at the Premises by such customers,

  • Inspection and Audit Rights The Master Servicer agrees that, on reasonable prior notice, it will permit and will cause each Subservicer to permit any representative of the Depositor or the Trustee during the Master Servicer's normal business hours, to examine all the books of account, records, reports and other papers of the Master Servicer relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants selected by the Depositor or the Trustee and to discuss its affairs, finances and accounts relating to the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Master Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any out-of-pocket expense incident to the exercise by the Depositor or the Trustee of any right under this Section 10.09 shall be borne by the party requesting such inspection; all other such expenses shall be borne by the Master Servicer or the related Subservicer.