Required Audits Sample Clauses

Required Audits. An exception shall exist in the Required Audit Reports which is reasonably likely to have a Material Adverse Effect on the Lender, the Contracts or the other Collateral, in the reasonable opinion of the Lender, and such exception has remained uncured for a period of thirty (30) days after the earlier of written notice to the Servicer of the existence of such exception or of the date that the Servicer has knowledge that such exception shall be included in the related Required Audit Report.
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Required Audits. The Transferor shall cause the Servicer to perform the Required Audits on a timely basis.
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Required Audits. A material exception shall exist in the Required Audits which may have a material adverse effect on the Lender, the Contracts or the other Collateral, in the opinion of the Lender or, so long as no Insurer Default shall have occurred and be continuing, the Insurer; or
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Required Audits. The Servicer shall cause the Independent Accountants to perform all Required Audits on a timely basis and report the results of such audits to MBIA and the Rating Agencies. ARTICLE 4
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Required Audits. The Record Keeper will cooperate fully with DRS and its auditors in an annual audit of DRS, which includes activities for each plan. The Record Keeper shall, at its own expense, provide an annual SOC 1, Type 2 independent service organization controls report conducted for purposes of examining controls related to the Services provided in a Record Keeper capacity. The Record Keeper will ensure the investment process is also covered by the review, which includes but is not limited to trade processing, cash management, investment accounting and performance reporting. The Record Keeper will provide two (2) copies of the report to the DRS Contract Administrator no more than one hundred twenty (120) Calendar Days after the close of the audit period. The Record Keeper shall, at its own expense, provide a SOC 2 Type 2 service organization controls report conducted for purposes of examining controls related to the Services provided in a Record Keeper capacity and provide such report to the DRS Contract Administrator. The Record Keeper will provide two (2) copies of the report to the DRS Contract Administrator no more than one hundred twenty (120) Calendar Days after the close of the audit period. All reports must be delivered electronically to [email address to be determined]. The Record Keeper shall permit representatives of DRS, an auditor selected by DRS, and/or Auditors of the State of Washington or their authorized assistant to examine the records of the Record Keeper relating to the Services rendered under this contract. If the Record Keeper has contracted with a Subcontractor, the Record Keeper shall require its Subcontractor to provide similar access to the designated DRS officials or their representatives. Any audits conducted under this Section, which do not necessitate the compilation of records in addition to those which are otherwise required by other Sections of this Contract, may be conducted without notice. Any audits conducted under this Section which require the compilation of records in addition to those which are otherwise required by this Contract may be conducted upon ten (10) Calendar Days’ written notice from DRS to the Record Keeper. DRS shall bear the cost of conducting audits conducted under this Section, except that the Record Keeper shall bear all costs and expenses of any audits conducted as a result of the Record Keeper’s breach of any provision of this Contract. The provisions of this Section shall remain in effect for three (3) year...
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Required Audits. The Auditor shall have issued its opinion without qualification, and such Audit shall indicate that Clairnet is solvent and that the representations regarding internal accounting controls set forth in Section 2.20 are true and correct. The financial statements of Clairnet, as audited, shall be in all material respects consistent with the Seller Financial Statements, to the satisfaction of WFAM in its sole discretion.
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Required Audits. Guarantor, at its own expense, shall cause PricewaterhouseCoopers or another firm of nationally recognized independent public accountants acceptable to the Lender to furnish a report to the Lender to the effect that such independent public accountants have applied certain agreed-upon procedures, in accordance with standards established by the American Institute of Certified Public Accountants, which will entail the comparison of amounts presented for each of the Availability Reports and Request for Advance reports for such preceding reporting period to amounts on computer reports and purchase agreements which were the source of such amounts, or, if such amounts are mathematically derived from such reports, will entail the verification of the mathematical accuracy of such amounts derived. The first reporting period is from the Closing Date through September 30, 2001, the second reporting period is from October 1, 2001 through December 31, 2001, and semi-annually thereafter, or at such other frequency deemed appropriate by Lender. Each such report must be delivered within 45 days after the end of each reporting period.
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Required Audits. Ernst and Young (the “Auditor”) shall have completed an audit on the financial statements of Wikifamilies as reasonably required by Kensington in order to satisfy its reporting requirements with the SEC (the “Audit”). The Auditor shall have issued its opinion without qualification, and such Audit shall indicate that Wikifamilies is solvent and that the representations regarding internal accounting controls set forth in Section 2.20 are true and correct. The financial statements of Wikifamilies, as audited, shall be in all material respects consistent with the financial information provided by Wikifamilies to Kensington, to the satisfaction of Kensington in its sole discretion.
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Related to Required Audits

  • Field Audits The Agent has the right at any time and in its discretion to conduct field audits with respect to the Collateral and each Borrower’s Receivables, inventory, business and operations. All field audits shall be at the cost and expense of the Borrowers; it being understood and agreed that, in the absence of an Event of Default, the Borrowers’ maximum liability for field audit costs and expenses shall be limited to the reasonable costs and expenses of only two (2) field audits conducted during any twelve (12) month period (unless the Agent shall conduct a field audit pursuant to Section 1.10 of this Agreement in connection with the joinder of a new “Borrower” hereunder, in which event the Borrowers shall be liable for the costs and expenses of such field audit as well). Any and all field audits conducted following an Event of Default shall be at the Borrowers’ cost and expense, with the foregoing limitation on maximum costs and expense being inapplicable.

  • 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

  • ALLOWABLE COSTS AND AUDIT REQUIREMENTS 9 4.1 Allowable Costs. 9 4.2 Audits and Financial Statements 10 4.3 Submission of Audits and Financial Statements 11

  • Inspection & Audit Contractor agrees that the relevant books, records (written, electronic, computer related or otherwise), including, without limitation, relevant accounting procedures and practices of Contractor or its subcontractors, financial statements and supporting documentation, and documentation related to the work product shall be subject, at any reasonable time, to inspection, examination, review, audit, and copying at any office or location of Contractor where such records may be found, with or without notice by the City, and with regard to any federal funding, the relevant federal agency, the Comptroller General, the General Accounting Office, the Office of the Inspector General, or any of their authorized representatives. All subcontracts shall reflect the requirements of this paragraph.

  • Compliance Audits D. 4.1 Compliance Audit(s). Without limiting the generality of section A.7.4 (Records Review), if requested by the Province from time to time, which request shall be at the Province’s sole discretion, the Recipient, at its own expense, will forthwith retain an independent third party auditor to conduct one or more compliance audits of the Recipient or any Project. The audit will be conducted in accordance with Canadian Generally Accepted Auditing Standards, as adopted by the Canadian Institute of Chartered Accountants, applicable as of the date on which a record is kept or required to be kept under such standards. In addition, the audit will assess the Recipient’s compliance with the terms of the Agreement and will address, with respect to each Project, without limitation, the following: (a) whether the Funds were spent in accordance with the Agreement and with due regard to economy, efficiency, and effectiveness; (b) the Project’s progress or state of completion; (c) whether the financial information the Recipient provided is complete, accurate, and timely, and in accordance with the Agreement; (d) whether the Recipient’s information and monitoring processes and systems are adequate to identify, capture, validate, and monitor the achievement of intended benefits of the Project; (e) the overall management and administration of the Project; (f) recommendations for improvement or redress; and (g) whether prompt and timely corrective action is taken on prior audit findings.

  • Single Audit Requirements 11.1. If a Subrecipient expends $750,000 or more in Federal Awards during the Subrecipient’s fiscal year, the Subrecipient shall procure or arrange for a single or program-specific audit conducted for that year in accordance with the provisions of Subpart F-Audit Requirements of the Uniform Guidance, issued pursuant to the Single Audit Act Amendments of 1996, (31 U.S.C. 7501-7507). 2 CFR 200.501.

  • SAO AUDIT A. The state auditor may conduct an audit or investigation of any entity receiving funds from the state directly under the Contract or indirectly through a subcontract under the Contract. The acceptance of funds directly under the Contract or indirectly through a subcontract under the Contract acts as acceptance of the authority of the state auditor, under the direction of the legislative audit committee, to conduct an audit or investigation in connection with those funds. Under the direction of the legislative audit committee, an entity that is the subject of an audit or investigation by the state auditor must provide the state auditor with access to any information the state auditor considers relevant to the investigation or audit. B. Grantee shall comply with any rules and procedures of the state auditor in the implementation and enforcement of Section 2262.154 of the Texas Government Code.

  • City Audits The CITY may perform an independent audit. Such audits may cover programmatic as well as fiscal matters. GRANTEE will be afforded an opportunity to respond to any audit findings, and have the responses included in the final audit report. Costs of such audits will be borne by the CITY.

  • Audits No more than once a year, or following unauthorized access, upon receipt of a written request from the LEA with at least ten (10) business days’ notice and upon the execution of an appropriate confidentiality agreement, the Provider will allow the LEA to audit the security and privacy measures that are in place to ensure protection of Student Data or any portion thereof as it pertains to the delivery of services to the LEA . The Provider will cooperate reasonably with the LEA and any local, state, or federal agency with oversight authority or jurisdiction in connection with any audit or investigation of the Provider and/or delivery of Services to students and/or LEA, and shall provide reasonable access to the Provider’s facilities, staff, agents and XXX’s Student Data and all records pertaining to the Provider, LEA and delivery of Services to the LEA. Failure to reasonably cooperate shall be deemed a material breach of the DPA.

  • Contract Audits Eligible Purchaser represents and warrants that it shall cooperate with Enterprise Services, the Office of the State Auditor, federal officials, and/or any third party authorized by law or contract, in any audit conducted by such party pertaining to any Contracts that Eligible Purchaser has made purchases from pursuant to this Agreement, including providing records related to any purchases from such Contracts.

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