Review and Audit Clause Samples
The Review and Audit clause grants one party the right to examine and verify the records, processes, or performance of the other party to ensure compliance with the agreement. Typically, this clause outlines the scope of information that can be reviewed, the frequency or timing of audits, and any notice requirements before an audit is conducted. Its core practical function is to provide transparency and accountability, helping to detect errors, prevent fraud, and ensure that contractual obligations are being met.
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Review and Audit. If both Parties agree to embed other AMEX products in addition to the Required Embedding with respect to which ASF is due commissions, ASF shall have the audit rights as agreed by the Parties with respect to any commissions owed to ASF by AMEX.
Review and Audit. In the event that an Employer fails to remit initiation fees and union dues or agency fee or financial core fees that it has deducted to the Union within thirty (30) calendar days from the date specified, the Union may, notwithstanding any provision in this Agreement to the contrary, bring an action in a court of competent jurisdiction in law or in equity for an accounting. Should it be determined that the Employer failed to remit Union dues deducted to the Union within said thirty (30) calendar day period, the Employer shall be required to pay an interest charge at the prime rate as established by Mellon National Bank on the amount improperly withheld from the date due, plus court costs.
Review and Audit. All payments made by PDA to the COUNTY under the PROGRAM are subject to review and audit by PDA or its designee.
Review and Audit. AMEX shall have those review and audit rights contained in Exhibit D.
Review and Audit. (a) Each of Landlord and Tenant shall retain one of the Big Six Firms, and may also retain another local public accounting firm ("Local Firm") to joint venture with the Big Six Firm, to perform audits and accounting work for Landlord and Tenant (the "Accepted Auditor"). If Landlord retains a Local Firm together with a Big Six Firm, both firms shall certify in writing to Landlord that they do not have any conflicts of interest. If all of the Big Six Firms have a conflict of interest, Landlord may select its Accepted Auditor from among the ten (10) largest public accounting firms. Three (3) years after the Casino Opening Date, a Local Firm may be chosen as Landlord's Accepted Auditor without the involvement of a Big Six Firm if the Local Firm has gained sufficient experience and knowledge to adequately and professionally conduct the audits and accounting work.
(b) So as to allow Landlord sufficient time to make preparations to conduct Landlord's Audit (defined below), Tenant shall provide Landlord with prompt written notice prior to the time Tenant's duly appointed Accepted Auditor will be performing its annual audit or review functions (the "Annual Audit"). Landlord's duly appointed Accepted Auditor shall have the right, during the process of the Annual Audit, whensoever the same occurs and during normal business hours, after reasonable written notice to Tenant and to the Casino Manager/Operator that Landlord's Accepted Auditor will be participating with Tenant's Accepted Auditor, to independently examine, audit, inspect and transcribe the Books and Records of Tenant and the Casino Manager/Operator (the "Landlord's Audit"). Tenant shall make available Books and Records of the Casino Manager/Operator for the aforesaid purpose. Notwithstanding the foregoing, Landlord's Accepted Auditor shall not have the right to examine, audit, inspect or transcribe (i) any customer records or (ii) any Books and Records or information that Tenant is required by law not to disclose. Tenant shall be required, however, to provide Books and Records and information to Landlord's Accepted Auditor for a review and audit in accordance with GAAP, including information that is reasonably sufficient to confirm the calculation of net credit. In addition, if Tenant so desires, it may retain another Accepted Auditor to do a second audit (the "Second Audit"). This firm shall also be required to use GAAP. The Second Audit must be commenced within thirty (30) days after Landlord advises Tena...
Review and Audit. Each Party will prepare and maintain throughout the Term and for 3 years thereafter, as applicable and in such manner as will allow its accountants to audit same in accordance with generally accepted accounting principles, separate, complete and accurate books of accounts and records sufficient to support and verify the calculation of the Collaboration Fee and the Incentive Fee, and otherwise covering all transactions arising out of or relating to this Agreement. Such books and records may be inspected by a duly authorized representative of the other Party no more than twice in any calendar year (or more frequently, if an underpayment is found) for verification of such payments or of compliance with other aspects of this Agreement. The auditing Party representative will treat as confidential all relevant books and records. In the event such audit reveals an underpayment by a Party, such Party will within thirty (30) days’ pay the amount in excess of the fees actually paid together with interest accrued from the date such amounts were originally due in accordance with Section 3(d) above. In the event an audit reveals an overpayment by a Party, then such Party may reduce any future payment due to the other Party under this Agreement or the License Agreement by an amount equal to such overpayment. If the overpayment is not recouped within three (3) months, such Party may request reimbursement of any remaining overpaid amounts from the other Party, in which case, the other Party may make such payment within thirty (30) days following the request.
Review and Audit. The Consultant agrees, if IDRC so requests at any time up to two (2) years following the Termination Date to:
a) submit a complete financial accounting of expenses, supported by original (or certified copies of) invoices, timesheets or other documents verifying the transactions (excluding any receipts which have been submitted at the time of invoicing as deemed necessary according to the terms of the Contract);
b) give officers or representatives of IDRC reasonable access to all financial records relating to the Services and Deliverables to permit IDRC to audit the use of its funds. This shall include books of account, banking records and, in the case of individuals, credit card statements. This section will survive termination of the Contract.
Review and Audit. You shall provide the ESFA with all information requested by the ESFA to enable the ESFA to verify Your compliance with this Agreement. Without prejudice to Clause 9.1 above, the ESFA shall be entitled to inspect, test and audit or appoint representatives to inspect, test and audit, all facilities, premises, equipment, systems, documents and electronic data relating to the processing of personal data by or on behalf of the ESFA and the ESFA shall cooperate and assist the ESFA (and its representative) with each inspection, test and audit. Without prejudice to the ESFA's other rights and remedies, in the event that the ESFA identifies any non-compliance with this Agreement as a result of the exercise of its rights under Clauses 9.1 and 9.2 above, You shall: remedy the non-compliance and shall take such steps as the ESFA reasonably requests for this purpose; and reimburse the ESFA for the costs and expenses incurred by the ESFA in connection with the exercise of its rights.
Review and Audit. (a) The Recipient shall permit persons designated by Ontario to visit and inspect the Project Site at Ontario’s expense, to examine and copy the Recipient’s books and financial records, and to discuss its affairs, finances and accounts all at such rea- sonable times as may be requested by Ontario.
(b) Ontario’s right of inspection includes the right to perform a full or partial audit at any time, including at the Project Completion Date, for purposes including confirm- ing:
(i) that Eligible Project Expenditures have been incurred and paid by the Re- cipient from the Project Start Date up to and including the Project Completion Date; and
(ii) the Eligible Project Expenditures Table of the Recipient with respect to total Project expenditures.
(c) Without limiting the generality of the foregoing, the Recipient shall at Ontario’s re- quest meet with Ontario or its duly authorized agent at least annually to review the progress of the Project and to review the Recipient’s compliance with the terms and conditions of the Agreement. As may be requested by Ontario, invoices from suppliers and proof of payment may also be required.
(d) For greater certainty, Ontario’s rights under this Article are in addition to any rights provided to the Auditor General of Ontario pursuant to section 9.2 of the Auditor General Act (Ontario).
Review and Audit. 7.1 The Minister may review the operations and performance of Pharmac at any time, in accordance with section 132 of the CE Act. ▇▇▇▇▇▇ ▇▇▇▇▇▇ may undertake this review, if requested to do so by the Minister.
7.2 Pharmac must take all reasonable steps to enable such a review to be conducted, including providing to the Minister or ▇▇▇▇▇▇ ▇▇▇▇▇▇ all applicable information within the control of Pharmac that enables ▇▇▇▇▇▇ ▇▇▇▇▇▇ on the Minister's behalf, to conduct reviews and audits of Pharmac’s performance and/or finances, which may be carried out as often as the Crown reasonably believes those reviews and audits are required