Reporting Audits. The Manager shall: (i) provide the reports to the Members required under Section 6.11; (ii) permit the audits, inspections and access rights under Section 6.12; and (iii) obtain the independent audit required under Section 6.13.
Reporting Audits. A. Commencing with the Effective Date of this Agreement and continuing through the Expiration Date, the Contractor shall submit an annual report to the Department by July 31 of each year that reports all activities from the previous fiscal year (7/1–6/30), on forms provided by the Department. The first report will be due on July 31, 2021 and will report all activities from date of initial fund disbursement through June 30, 2021.
B. The annual report shall contain a detailed report which must include, at a minimum:
1) Identification of the Eligible Activities to which the Contractor committed program funds, and the income levels of households assisted.
2) Amounts awarded to Subrecipients with the activity(ies) identified;
3) Identification of the Eligible Activities upon which the Contractor expended program funds, and the income levels of households assisted and the affordability level for any units assisted; and,
4) Close out report for contracts that were fully expended and in which all activities funded were completed during the fiscal year.
C. The Department may request additional information as needed to meet other applicable reporting or audit requirements.
D. The Contractor is responsible for the completion of audits and all costs of preparing audits.
Reporting Audits. Following the Minimum Royalty Payment Date, within sixty (60) days following the end of each calendar quarter during the term of this Agreement, Juniper shall submit to Xx. Xxxxxxxx a reporting form setting forth with respect to such quarter (a) the quantities of Products as to which royalties are due hereunder, and (b) a computation of such royalties. Payment in full of such royalties (less any credits under Section 4.2 or deductions under Section 4.3 (c)) for each quarter shall be due together with such reporting form. Not more frequently than once per calendar year, and following ten(10) days written notice to Juniper, Xx. Xxxxxxxx may appoint an independent third party (reasonably acceptable to Juniper) to review Juniper’s books and records during Juniper’s customary business hours for the sole purpose of determining Juniper’s compliance with Article 4 in a manner which will not be unduly burdensome to Juniper. In addition to the foregoing (if the foregoing review reveals an underpayment by Juniper), no more than one time per year upon ten (10) days written notice and during normal business hours, Xx. Xxxxxxxx may request an audit of Juniper’s financial records to determine compliance with Article 4 by an independent Certified Public Accountant approved by Juniper; provided that the costs of such audit will be borne by Xx. Xxxxxxxx; provided, further, however, that the costs of such audit will be borne by Juniper in the event that the audit determines that royalties have been understated by 5% or more. All information and data obtained for such reviews or audits shall be maintained in strict confidence by Xx. Xxxxxxxx, will be deemed Confidential Information, will be used solely for the express purpose set forth in this Agreement, and will not be disclosed to third parties except as may be so ordered by a court of competent jurisdiction. In the event that the audit reveals an underpayment, Juniper shall, as Xx. Xxxxxxxx’x sole and exclusive remedy for such failure to pay, pay to Juniper all unpaid fees, including interest thereon, and the costs of such audit (if applicable).
Reporting Audits. The reporting requirements and audit rights for the Development Program are set forth in Section 3 and Section 5, respectively, of Exhibit A.
Reporting Audits. The reporting requirements and audit rights for the Commercialization Program are set forth in Section 3 and Section 5, respectively, of Exhibit A.
Reporting Audits. A. Commencing with the Effective Date of this Agreement and continuing through the Expiration Date, the Contractor shall submit an annual report to the Department by July 31 of each year that reports all activities from the previous fiscal year (7/1–6/30), on forms provided by the Department. The first report will be due on July 31, 2021 and will report all activities from date of initial fund disbursement through June 30, 2021.
B. The annual report shall contain a detailed report which must include, at a minimum:
1) Identification of the Eligible Activities to which the Contractor committed program funds, and the income levels of households assisted. 20-PLHA-15106
2) Amounts awarded to Subrecipients with the activity(ies) identified;
3) Identification of the Eligible Activities upon which the Contractor expended program funds, and the income levels of households assisted and the affordability level for any units assisted; and,
4) Close out report for contracts that were fully expended and in which all activities funded were completed during the fiscal year.
C. The Department may request additional information as needed to meet other applicable reporting or audit requirements.
D. The Contractor is responsible for the completion of audits and all costs of preparing audits.
E. The Department reserves the right to perform or cause to be performed a financial audit. At the Department’s request, the Contractor shall provide, at its own expense, a financial audit prepared by a certified public accountant.
F. If a financial audit is required by the Department, the audit shall be performed by an independent certified public accountant. Selection of an independent audit firm shall be consistent with procurement standards contained in 24 CFR 85.36.
1) The Contractor shall notify the Department of the auditor's name and address immediately after the selection has been made. The contract for the audit shall allow access by the Department to the independent auditor's working papers.
2) The Contractor is responsible for the completion of audits and all costs of preparing audits.
3) If there are audit findings, the Contractor must submit a detailed response acceptable to the Department for each audit finding within ninety (90) days from the date of the audit finding report.
Reporting Audits. (i) Purchaser shall keep and maintain, and shall require that its Affiliates (including the Company) and any Contingent Payment Obligor or other Selling Party, keep and maintain, for the period required under applicable Laws, but in no event less than [***] years from the end of the Calendar Quarter to which they pertain, complete and accurate books, ledgers, and other records of Purchaser or its Affiliates (including the Company) or applicable Contingent Payment Obligor or other Selling Party, as the case may be, with respect to each Product (collectively, “Purchaser Records”), as necessary to enable (A) Purchaser to provide the Reports pursuant to Section 2.07(j), and (B) Seller to perform an audit as contemplated by this Section 2.07(j).
(ii) From and after the Closing Date and for so long as the Contingent Payments may become payable, Purchaser shall provide, in accordance with Section 11.04, Seller, on a [***] basis by the [***] day following the end of each [***] period following such initial [***] anniversary, with reasonably detailed written reports, on a country-by-country (if applicable) and on an aggregate basis, of the status of activities of any Contingent Payment Obligor or other Selling Party reasonably pertinent to the Contingent Payments and diligence and other obligations of Purchaser under Section 2.07 and any material developments (including commencement of IND-enabling studies) which would reasonably be expected to lead to filing of an IND with respect to any Developed Product or Excluded Product (each such report, a “Status Report”). Each Status Report shall be in a form proposed by Purchaser and reasonably acceptable to Seller.
(iii) From and after the date of the First Commercial Sale of a Product, Purchaser shall, or shall cause the Company to (A) within [***] days following the end of each Calendar Quarter, provide to Seller a report, on a country-by-country and on an aggregate basis (a “Net Sales Report”, and together with the Status Reports, the “Reports”) of (1) the number of Products sold during such period, (2) the calculation of Net Sales and any ROW Transaction Revenue for such period (including a reasonably detailed breakdown of any deductions), (3) any Milestone Payment owed to Seller in accordance with this Agreement for the period covered by such Report, (4) any Additional Consideration Payment owed to Seller in accordance with this Agreement for the period covered by such Report, including the applicable rate set forth...
Reporting Audits. A. The Contractor shall submit an annual report to Agency on forms provided by Ager)CY, by January 1, 2020 and January 1, 2021. If the Contractor fails to provide such documentation, Agency may disencumber any portion of the amount authorized by Jhis Agreement with a 14-day written notification. The Contractor shall also submit a final report by September 30, 2021.
B. The annual report shall contain a detailed report containing the following:
1. Amounts awarded to subrecipients with activity(ies) identified.
Reporting Audits. A. Contractor shall submit annual reports to the County on forms provided by the County by a date to be specified by the County. Contractor shall also submit a final report to the County after the end of the grant term by a date to be specified by the County.
B. Each annual report shall contain detailed information reporting on the following:
Reporting Audits. The Management Committee shall (i) provide the reports to the Members required under Section 6.11, (ii) permit the audits, inspections and access rights under Section 6.12, and (iii) obtain the independent audit required under Section 6.13.
