Common use of SMI Program Inventory Audit Clause in Contracts

SMI Program Inventory Audit. 5.2.1 XXX is entitled to inspect the SMI Program Inventory and carry out a stock audit upon thirty (30) days prior notice to IQE plc. IQE plc will provide XXX with access to IQE plc’s representatives for this purpose. 5.2.2 If during such an inspection, XXX discovers any non-compliance with the terms of this Agreement, XXX shall notify IQE plc in writing and IQE plc shall present a corrective action plan to XXX within a reasonable timeframe.

SMI Program Inventory Audit. 5.2.1 XXX AXX is entitled to inspect the SMI Program Inventory and carry out a stock audit upon thirty (30) days prior notice to IQE plc. IQE plc will provide XXX AXX with access to IQE plc’s representatives for this purpose. 5.2.2 If during such an inspection, XXX AXX discovers any non-compliance with the terms of this Agreement, XXX AXX shall notify IQE plc in writing and IQE plc shall present a corrective action plan to XXX AXX within a reasonable timeframe.