Common use of Review of Fee Payments Clause in Contracts

Review of Fee Payments. 7.6.1 In addition to any other reporting requirements of this Agreement, and pursuant to County Code Chapter 8.12, County may review, test, and audit the books and records of Franchisee, or County may engage a Certified Public Accountant for the purpose of obtaining an Auditor's Report or an Auditor's Special Report in accordance with Generally Accepted Auditing Standards, and Franchisee shall make all the books and records available to County or any Certified Public Accountant engaged by County. In the event that material errors or irregularities are identified, then the costs associated with County or the Certified Public Accountant engaged by County shall be paid by Franchisee to County. 7.6.2 In the case of errors, materiality shall be deemed to be one percent (1%) or greater of gross revenues of Franchisee for services performed under this Agreement.

Review of Fee Payments. 7.6.1 In addition to any other reporting requirements of this Agreement, and pursuant to County Code Chapter 8.12, County may review, test, and audit the books and records of Franchisee, or County may engage a Certified Public Accountant for the purpose of obtaining an Auditor's Report or an Auditor's Special Report in accordance with Generally Accepted Auditing Standards, and Franchisee shall make all the books and records available to County or any Certified Public Accountant engaged by County. In the event that material errors or irregularities are identified, then the costs associated with County or the Certified Public Accountant engaged by County shall be paid by Franchisee to County. 7.6.2 In the case of errors, materiality shall be deemed to be one percent (1%) or greater of gross revenues of Franchisee for services performed under this Agreement.