Results of Inspection Sample Clauses

Results of Inspection. Landlord shall not be bound by the results of any inspection or audit conducted pursuant to Section 4.5.2. If, based upon such inspection or audit, Landlord reasonably determines that Rent as previously reported for the period inspected was understated, then Lessee shall pay such amount to Landlord within fifteen (15) days after receipt of notice of the deficit. Landlord shall bear all of its costs associated with the inspection unless (i) Lessee has failed to maintain the books of account and records required by this Lease, or (ii) Landlord reasonably determines that Rent as previously reported for the period inspected was understated. Lessee shall promptly reimburse Landlord for the actual, documented reasonable cost of such inspection if either of these conditions apply. Lessee shall have the right to challenge the determination of Landlord or its auditors by delivering written notice thereof to Landlord within fifteen (15) days after receipt of a notice of deficit. Any underpayment of Rent shall be subject to late charges under Section 4.8.
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Results of Inspection. Landlord shall not be bound by the results of any inspection and/or audit conducted pursuant to Section 4.6. If, based upon such inspection, Landlord reasonably determines that Rent as previously reported for the period inspected were understated, then Tenant shall pay such amount to Landlord within fifteen (15) days after receipt of a Deficit Notice. If, based upon such inspection, Landlord reasonably determines that Tenant has made an overpayment, then Landlord shall promptly deliver written notice thereof to Tenant, together with a copy of the audit relating thereto, and Tenant shall receive a credit in such amount against any payment(s) due Landlord under this Lease, as selected by Tenant. Landlord shall bear all of its costs associated with the inspection unless (i) it discloses that the Tenant has failed to maintain the books of account and records required by Section 4.6, or (ii) it discloses that the amounts due Landlord for the period inspected were understated by more than four percent (4%). Tenant shall promptly reimburse Landlord for the actual, documented reasonable cost of such inspection if obligated to do so. Tenant shall have the right to challenge the determination of Landlord or its auditors by delivering written notice thereof to Landlord within fifteen (15) days after receipt of a Deficit Notice, whereupon the parties shall arbitrate this matter in accordance with the rules then pertaining of the American Arbitration Association, or its successor, together with the right to take depositions.
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Results of Inspection or Audit and general compliance‌
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Results of Inspection. Purchaser shall prepare a "punch list" as a result of its inspection of the Property and Seller shall have up to thirty (30) days with which to cure the deficiencies noted in the "punch list". If Seller, in Purchaser's reasonable opinion, fails to cure all or some of the items on the "punch list", Purchaser may correct the deficiencies which are not cured and deduct the cost to cure from the purchase price of the Property at time of Closing or shall receive a deduction for work to be done post Closing and sufficient escrow to correct the deficiencies on the "punch list".
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Related to Results of Inspection

  • Rights of Inspection In order to ensure that the Quality Standards are maintained, Licensor and its authorized agents and representatives shall have the right, but not the obligation, with prior notice to Licensee, to enter upon the premises of any office or facility operated by or for Licensee with respect to Sprint PCS Products and Services and Premium and Promotional Items at all reasonable times, to inspect, monitor and test in a reasonable manner facilities and equipment used to furnish Sprint PCS Products and Services and Premium and Promotional Items and, with prior written notice to Licensee, to inspect the books and records of Licensee in a manner that does not unreasonably interfere with the business and affairs of Licensee, all as they relate to the compliance with the Quality Standards maintained hereunder.

  • Inspection of Property; Books and Records; Discussions Keep proper books of records and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation to its business and activities; and permit representatives of any Lender (upon reasonable advance notice coordinated through the Administrative Agent) to visit and inspect any of its properties and examine and make abstracts from any of its books and records at any reasonable time and as often as may reasonably be desired and to discuss the business, operations, properties and financial and other condition of the Borrower and its Subsidiaries with officers and employees of the Borrower and its Subsidiaries and with its independent certified public accountants.

  • Books and Records; Inspection and Examination The Borrower will keep accurate books of record and account for itself pertaining to the Collateral and pertaining to the Borrower's business and financial condition and such other matters as the Lender may from time to time request in which true and complete entries will be made in accordance with GAAP and, upon the Lender's request, will permit any officer, employee, attorney or accountant for the Lender to audit, review, make extracts from or copy any and all corporate and financial books and records of the Borrower at all times during ordinary business hours, to send and discuss with account debtors and other obligors requests for verification of amounts owed to the Borrower, and to discuss the Borrower's affairs with any of its directors, officers, employees or agents. The Borrower will permit the Lender, or its employees, accountants, attorneys or agents, to examine and inspect any Collateral, other collateral covered by the Security Documents or any other property of the Borrower at any time during ordinary business hours.

  • Audit and Inspection 9.1 The Recipient, without charge, will permit any officer or officers of the Commissioner, external auditing bodies (i.e. National Audit Office or Audit Commission) or their nominees, to visit its premises and/or inspect any of its activities and/or to examine and take copies of the Recipient’s books of account and such other documents or records as in such officers' view may relate to the use of Grant. In addition, examinations may be carried out into the economy, efficiency and effectiveness with which the Grant has been used. The Commissioner shall endeavour, but is not obliged, to provide due notice of his/her intent to conduct an audit.

  • Right of Inspection Buyer shall have the right to inspect the goods at the time and place of delivery, and within 5 business days after delivery, Buyer must give notice to Seller of any claim for damages on account of the condition, quality, or grade of the goods, and Buyer must specify in detail the basis of such claim. The failure of Buyer to comply with these conditions shall constitute irrevocable acceptance of the goods by Buyer.

  • Financial Condition There shall have been no material adverse change, as determined by Bank, in the financial condition or business of Borrower, nor any material decline, as determined by Bank, in the market value of any collateral required hereunder or a substantial or material portion of the assets of Borrower.

  • Audit, Inspection and Visitation The Adviser shall make available to the Trust during regular business hours all records and other data created and maintained pursuant to the foregoing provisions of this Agreement for reasonable audit and inspection by the Trust or any regulatory agency having authority over the Trust.

  • Visitation and Inspection The Borrower will, and will cause each of its Subsidiaries to, permit any representative of the Administrative Agent or any Lender to visit and inspect its properties, to examine its books and records and to make copies and take extracts therefrom, and to discuss its affairs, finances and accounts with any of its officers and with its independent certified public accountants, all at such reasonable times as the Administrative Agent or any Lender may reasonably request after reasonable prior notice to the Borrower; provided that (a) so long as no Event of Default shall have occurred and be continuing, the Administrative Agent and the Lenders shall not make more than one (1) such visit and inspection in any Fiscal Year; (b) if an Event of Default has occurred and is continuing, no prior notice shall be required and the limitation on the number of visits and inspections shall no longer apply; (c) any such inspection and examination, copies and discussions shall not be permitted to the extent it would violate confidentiality agreements or result in a loss of attorney-client privilege or claim of attorney work product so long as the Borrower notifies the Administrative Agent of such limitation and the reason therefor; and (d) any such inspection and examination, copies and discussions shall be subject to the terms of any applicable Master Lease and the accompanying Collateral Access Agreement.

  • Financial Conditions Section 4.01. (a) The Recipient shall maintain or cause to be maintained a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Bank, adequate to reflect the operations, resources and expenditures in respect of the Project and each Sub-project (including its cost and the benefits to be derived from it).

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