Common use of Right to Inspect/Audit Clause in Contracts

Right to Inspect/Audit. Each bidding document and contract financed from the proceeds of the Financing shall include a provision requiring bidders, suppliers, contractors and subcontractors to permit the Association at its request, to inspect their accounts and records relating to the bid submission and performance of the contract and to have said accounts and records audited by auditors appointed by the Association. The deliberate and material violation by the bidder, supplier, contractor or subcontractor of such provision may amount to obstructive practice. Repayment Schedule Date Payment Due Principal Amount of the Credit repayable (expressed as a percentage)* commencing December 15, 2017 to and including June 15, 2027 1% commencing December 15, 2027 to and including June 15, 2047 2% *The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03(b) of the General Conditions.

Right to Inspect/Audit. Each bidding document and contract financed from the proceeds of the Financing shall include a provision requiring bidders, suppliers, contractors and subcontractors to permit the Association Association, at its request, to inspect their accounts and records relating to the bid submission and performance of the contract and to have said accounts and records audited by auditors appointed by the Association. The deliberate and material violation by the a bidder, supplier, contractor or subcontractor of such provision may amount to obstructive practice. Repayment Schedule Date Payment Due Principal Amount of the Credit repayable (expressed as a percentage)* commencing December November 15, 2017 2018 to and including June May 15, 2027 2028. 1% commencing December November 15, 2027 2028 to and including June May 15, 2047 2048. 2% ** The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03(b) of the General Conditions.

Right to Inspect/Audit. Each bidding document and contract financed from the proceeds of the Financing shall include a provision requiring bidders, suppliers, contractors and subcontractors to permit the Association Association, at its request, to inspect their accounts and records relating to the bid submission and performance of the contract and to have said accounts and records audited by auditors appointed by the Association. The deliberate and material violation by the a bidder, supplier, contractor or subcontractor of such provision may amount to obstructive practice. Repayment Schedule Date Payment Due Principal Amount of the Credit repayable (expressed as a percentage)* On each March 15 and September 15: commencing December March 15, 2017 2021 to and including June 15, 2027 September 15 2030 1% commencing December March 15, 2027 2031 to and including June September 15, 2047 2050 2% ** The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03(b) of the General Conditions.

Right to Inspect/Audit. Each bidding document and contract financed from the proceeds of the Financing shall include a provision requiring bidders, suppliers, contractors and subcontractors to permit the Association at its request, to inspect their accounts and records relating to the bid submission and performance of the contract and to have said accounts and records audited by auditors appointed by the Association. The deliberate and material violation by the bidder, supplier, contractor or subcontractor of such provision may amount to obstructive practice. Repayment Schedule Date Payment Due Principal Amount of the Credit repayable (expressed as a percentage)* On each June 15 and December 15: commencing December 15, 2017 to and including June 15, 2027 1% commencing December 15, 2027 to and including June 15, 2047 2% *The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03(b) of the General Conditions.

Right to Inspect/Audit. Each bidding document and contract financed from the proceeds of the Financing shall include a provision requiring bidders, suppliers, contractors and subcontractors to permit the Association Association, at its request, to inspect their accounts and records relating to the bid submission and performance of the contract and to have said accounts and records audited by auditors appointed by the Association. The deliberate and material violation by the a bidder, supplier, contractor or subcontractor of such provision may amount to obstructive practice. Repayment Schedule Date Payment Due Principal Amount of the Credit repayable (expressed as a percentage)* commencing December November 15, 2017 2018 to and including June May 15, 2027 2028 1% commencing December November 15, 2027 2028 to and including June May 15, 2047 2048 2% *The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03(b) of the General Conditions.

Right to Inspect/Audit. Each bidding document and contract financed from the proceeds of the a Financing shall include a provision requiring bidders, suppliers, contractors and subcontractors to permit the Association at its request, to inspect their accounts and records relating to the bid submission and performance of the contract and to have said accounts and records audited by auditors appointed by the Association. The deliberate and material violation by the bidder, supplier, contractor or subcontractor of such provision may amount to obstructive practice. Repayment Schedule Date Payment Due Principal Amount of the Credit repayable (expressed as a percentage)* On each January 15 and July 15: commencing December January 15, 2017 2021 to and including June July 15, 2027 2030 1% commencing December January 15, 2027 2031 to and including June July 15, 2047 2050 2% ** The percentages represent the percentage of the principal amount of the Credit to be repaid, except as the Association may otherwise specify pursuant to Section 3.03(b) of the General Conditions.