Common use of Review and Audit Clause in Contracts

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. In the event that an Employer fails to remit initiation fees and union Union dues or agency fee or financial core fees that it has deducted to the Union within thirty (30) calendar days from the date specifiedspecified in Section 3.1 above, 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.