Right to Inspect and Audit. Each contract financed from the proceeds of the Loan shall provide that the suppliers, contractors and subcontractors shall permit the Bank, at its request, to inspect their accounts and records relating to the procurement and performance of the contract and to have said accounts and records audited by auditors appointed by the Bank. The deliberate and material violation by the supplier, contractor or subcontractor of such provision may amount to obstructive practice.
Appears in 9 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
Right to Inspect and Audit. Each contract financed from out of the proceeds of the Loan shall provide that the suppliers, contractors and subcontractors shall permit the Bank, at its request, to inspect their accounts and records relating to the procurement and performance of the contract and to have said accounts and records audited by auditors appointed by the Bank. The deliberate and material violation by the supplier, contractor or subcontractor of such provision may amount to obstructive practice.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement
Right to Inspect and Audit. Each contract financed from out of the proceeds of the Loan Financing shall provide that the suppliers, contractors and subcontractors shall permit the BankAssociation, at its request, to inspect their accounts and records relating to the procurement and performance of the contract and to have said accounts and records audited by auditors appointed by the BankAssociation. The deliberate and material violation by the supplier, contractor or subcontractor of such provision may amount to obstructive practice.
Appears in 1 contract
Samples: Financing Agreement