ACCOUNTING AND AUDIT. The Agency shall utilize and maintain such records and practices regarding receipts and disbursements of the Funds as to be in accordance with generally accepted accounting principles. All such records shall be open to inspection and audit by the City or by the City's designee during normal business hours during the term hereof and for a period of three (3) years after the termination of this Agreement. Any cost incurred by the Agency as a result of a City audit shall be the sole responsibility of and shall be borne by the Agency. In addition, should the Agency provide any or all of the Funds to sub-recipients, then and in that event the Agency shall include in written agreements with such sub-recipients a requirement that records of the sub-recipient be open to inspection and audit by the City or the City's designee to the same extent as those of the Agency.
ACCOUNTING AND AUDIT. The Agency will submit copies of its audited annual financial statements to the City as follows: (1) upon execution of this Agreement (or as soon thereafter as such statements are prepared) for the Agency’s immediately preceding fiscal year and
ACCOUNTING AND AUDIT. (a) PTI agrees to keep clear, accurate and complete records for a period of at least [* * *] years (or such longer period as may correspond to PTI’s internal records retention policy) for each reporting period in which sales occur showing the manufacturing, sales, use and other disposition of the Licensed Products in sufficient detail to enable the share of Net Sales payable hereunder to be determined, and further agrees to permit its books and records to be examined by an independent accounting firm selected by DURECT and reasonably satisfactory to PTI, from time-to-time to the extent necessary, but not more frequently than [* * *] a year. Such accounting firm shall report to DURECT only whether payment reports provided hereunder are accurate, and, if not accurate, the amount of any discrepancy. Such examination by an independent accounting firm under this Section 9.8(a) is to be made at the expense of DURECT, except that if the results of the audit for any year reveal that PTI has underpaid DURECT with respect to any country by an amount exceeding the audit fees in any individual country of the Territory for such year, then the audit fees shall be paid by PTI. The amount of any such underpayment will be promptly paid to DURECT. All information accessed or learned by DURECT and its accounting firm pursuant to this Section 9.8(a) shall be deemed to be the Confidential Information of PTI pursuant to Article XIII.
(b) DURECT agrees to keep clear, accurate and complete records for a period of at least [* * *] years (or such longer period as may correspond to DURECT’s internal records retention policy) in sufficient detail to substantiate the determination of the DURECT Research Expenses and Manufacturing Costs for SABER™ Ingredients and Bulk Dosage Form supplied by or on behalf of DURECT hereunder, and further agrees to permit its books and records to be examined by an independent accounting firm selected by PTI and reasonably satisfactory to DURECT, from time-to-time to the extent necessary, but not more frequently than [* * *] a year. Such accounting firm shall report to PTI only whether invoices or other requests for payment hereunder are accurate, and, if not accurate, the amount of any discrepancy. Such examination by an independent accounting firm under this Section 9.8(b) is to be made at the expense of PTI, except that if the results of the audit for any year reveal that DURECT has overcharged PTI by an amount exceeding the audit fees, then the audit ...
ACCOUNTING AND AUDIT. The Recipient will keep separate, complete, and correct accounting of the costs involved in completing the Agreement. The Recipient agrees that the CEC, the Bureau of State Audits, or their designated representative shall have the right to review and to copy any records and supporting documentation pertaining to the performance of this Agreement. The Recipient agrees to maintain such records for possible audit for a minimum of three (3) years after the Agreement ends in any way. The Recipient agrees to allow the auditor(s) access to such records during normal business hours and to allow interviews of any employees who might reasonably have information related to such records. Further, the Recipient agrees to include a similar right of the CEC, the Bureau of State Audits, or their designated representative, to audit records and interview staff in any subcontract related to performance of this Agreement. These rights and responsibilities are in addition to and not restrictive of those in Section 16. Access to Sites and Records.
ACCOUNTING AND AUDIT. The Contractor shall maintain and keep accurate Project records (which mean all tangible records, documents, computer printouts, electronic information, books, plans, drawings, specifications, accounts or other information) relating to the Work for a period of seven (7) years from the date of Substantial Performance of the Work. The Contractor shall maintain the original Project records in its office in Ontario until all claims (which means any claim, demand, liability, damage, loss, cost, expense, suit, action or cause of action) have been settled as required by requirements of law.
ACCOUNTING AND AUDIT. Upon request of the Program Manager or the FPR Director or designee, the Agency will submit copies of its audited annual financial statements to the City as follows: (1) upon execution of this Agreement (or as soon thereafter as such statements are prepared) for the Agency’s immediately preceding fiscal year and (2) thereafter for each fiscal year of Agency during which it receives or expends any Funds from the City under this Agreement such statements shall be submitted upon completion by the Agency which submission date shall not exceed one hundred eighty (180) days following the end of the Agency’s fiscal year. For all financial statements and records related to the Funds, the Agency will utilize those accounting practices and procedures and maintain those records regarding receipts and disbursements of the Funds as are in accordance with Generally Accepted Accounting Principles (GAAP). All such records shall be open to inspection and audit during normal business hours during the term of this Agreement. Additionally, the Agency will maintain its books and records related to the Services provided utilizing the Funds, and the City will be entitled to audit such books and records, for a period of five (5) years from the date of the last payment under this Agreement. Any cost incurred by the Agency as a result of an audit shall be the sole responsibility of, and shall be borne by, the Agency. In addition, should the Agency provide any or all of the Funds to sub-recipients, then, and in that event, the Agency shall include in its written agreements with such sub-recipients a requirement that records of the sub-recipient be open to inspection and audit by the City or the City's designee to the same extent as those of the Agency.
ACCOUNTING AND AUDIT. (a) Project Co shall maintain and keep accurate Project records (which means all tangible records, documents, computer printouts, electronic information, books, plans, drawings, specifications, accounts or other information) relating to the Work for a period of 7 years from the date of Substantial Completion of the Work. Project Co shall maintain the original Project records in its office in 000 Xxxxxxxx Xxxx, Xxxxxxx, Xxxxxxx, X0X 0X0 until all claims have been settled as required by Applicable Law.
(b) In addition to other rights of inspection contemplated in the Contract Documents, Project Co shall allow Owner, the Consultant, Xxxxxx’s Consultant or other persons authorized by Owner access to the Project records as they pertain to Work performed on a reimbursable basis pursuant to Section 2.3.2 of Schedule 11 – Change Procedure, or unit price basis, pursuant to Section 2.3.3 of Schedule 11 – Change Procedure, during the course of the Work and for such period of time that Project Co is required to maintain the records set out in Section 18.1(a). Project Co shall be provided with 48 hours prior notice for such access. Project Co shall promptly provide, at the sole cost of Owner, a certified copy of any part of such Project records required by Owner when requested by Owner.
(c) Subject to Section 18.1(d), Project Co shall ensure that equivalent provisions to those provided in Section 18.1(a) and 18.1(b) are made in the Construction Contract (and shall require the Contractor to incorporate same into every level of contract thereunder with a Project Co Party) for any part of the Work in order, among other things, to provide Owner with access to Project records as contemplated herein.
(d) The provisions of Section 18.1(b) shall only apply with respect to Change Orders and items under cash allowances.
(e) Project Co shall submit 7 copies of a monthly construction status report to Owner by the 20th Business Day of each month which shall include an update of the Construction Schedule prepared in accordance with the requirements of Section 12.
1. Project Co shall use the project management software system directed by Owner if Owner elects, in its Sole Discretion, to utilize such software. The construction status report will appropriately address significant aspects of, and variances in, the progress of the Work, and shall include (i) an executive bar chart summary of the Construction Schedule; (ii) the current schedule performance index (developed in accordance w...
ACCOUNTING AND AUDIT. 4.1 Within [***] after the end of each Calendar Half-year for the remainder of the term of this Agreement, the Licensee shall furnish to Unilever at the address in clause 7.3 hereof, a written report certified as correct by the Licensee's chief executive officer or senior qualified accountant setting forth the number, name and type of all Licensed Product in each country of sale upon which the Licensee is obligated to pay royalties and the computation of the royalties payable with respect thereto, together with the remittance of the amount due. A report will be furnished to Unilever whether or not any sales have been made in that Calendar Half-year. Any payments of royalties which are sent more than [***] after the THE SYMBOL [***] IS USED TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTION. CONFIDENTIAL TREATMENT REQUESTED end of the Calendar Half-year shall bear interest at [***] percent per annum from the date on which payment was due to the date on which payment is received by Unilever.
4.2 Fees and royalties shall be paid in Pounds sterling by cheque payable to Unilever PLC at the address in clause 7.3 hereof, or otherwise as Unilever shall direct. All currency translations from the currency of sale to Pounds sterling will be made based on the mid-rate of exchange published by the Financial Times (London Edition) on the last business day of the relevant Calendar Half-year for calculation of royalties due under clause 3.3.
4.3 All royalty payments provided for under this Agreement shall be made to Unilever in full, provided however that in any event and to the extent that any royalty or other sum payable hereunder is subject to [***], the Licensee has the right to [***]. All payments due under this Agreement are [***] where applicable.
4.4 The Licensee shall keep accurate records in sufficient detail to enable royalties payable hereunder to be determined, and shall permit such records to be inspected once per year with reasonable notice. In the event Unilever does not request an inspection of the records within three years following a royalty report the Licensee may dispose of the records. Any inspection of records shall be made during reasonable business hours by a certified accountant reasonably acceptable to the Licensee and appointed by Unilever at its expense for this purpose, but only to the extent necessary to verify the...
ACCOUNTING AND AUDIT. 5.2.1 The Construction Manager shall keep full and detailed accounts and records necessary for the documentation of the
5.2.2 For 60 calendar days after the application for final payment or for such other period specified in the Contract, the Owner shall be afforded reasonable access to all of the Construction Manager’s books, records, correspondence, instructions, drawings, receipt vouchers, Subcontractor and Supplier invoices, and memoranda relating to the Cost of the Work, and for this purpose the Construction Manager shall preserve all such records.
ACCOUNTING AND AUDIT. SENIORS FIRST agrees to keep accurate books and records in accordance with generally accepted accounting principles concerning all revenues expended or received in relation to provision of the Senior Xxxx service and shall keep such records for a period of at least three (3) years after termination of this Agreement. All such books and records maintained by SENIORS FIRST shall be available and open to inspection and audit by the CRA or its designee during normal business hours with or without notice.
