Common use of Supplier Response to External Audits Clause in Contracts

Supplier Response to External Audits. If an audit by a governmental body, standards organization or regulatory authority having jurisdiction over Kraft, an Eligible Recipient or Supplier results in a finding that Supplier is not in compliance with any applicable Law or standard required by this Agreement, including any generally accepted accounting principle, Supplier shall, at its own expense and within the time period specified by such auditor, address and resolve the deficiency(ies) identified by such governmental body, standards organization or regulatory authority.

Supplier Response to External Audits. If an audit by a governmental body, standards organization or regulatory or certification authority having jurisdiction over KraftTriad, an Eligible Recipient or Supplier results in a finding that Supplier is not in compliance with any applicable Law or standard required by its obligations under this Agreement, including any generally accepted accounting principle, Supplier shall, at its own expense and within the time period specified by such auditor, address and resolve the deficiency(ies) identified by such governmental body, standards organization or regulatory or certification authority, in the manner approved by Triad.