Additional Auditor definition

Additional Auditor has the meaning ascribed to it in Article 9.4.
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Additional Auditor means another firm of chartered accountants duly licensed to practice in India empanelled by CAG, to conduct special audit of the quantity MT of cargo/ TEUs handled and the financial statements, documents and supporting evidences thereto as may be mandated by the Contracting Authority.
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Additional Auditor shall have the meaning set forth in Clause 30.2.3;
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Examples of Additional Auditor in a sentence

  • Any claim or document provided by the Concessionaire to MOR in connection with or relating to receipts, income, payments, costs, expenses, accounts or audit, and any matter incidental thereto shall be valid and effective only if certified by its Statutory Auditors and Additional Auditor, if appointed.

  • Without prejudice to the aforesaid, if the difference between the Gross Revenue reported by the Additional Auditor and that reported by the Statutory Auditor is higher than 5% (five percent), the Concessioning Authority shall at its sole discretion have the right to require a Special Audit for the entire outstanding tenure of the Concession.

  • In the event that the quantity (MT) of cargo/ TEUs handled reported by the Additional Auditor is higher than that reported by the Statutory Auditor, the auditors shall meet to resolve such differences and if they are unable to resolve the same the Concessionaire shall pay Royalty on the quantity (MT) of cargo/ TEUs handled reported by the Additional Auditor.

  • Any claim or document provided by the SPD to Railways in connection with or relating to receipts, income, payments, costs, expenses, accounts or audit, and any matter incidental thereto shall be valid and effective only if certified by its Statutory Auditors and Additional Auditor, if appointed.

  • Without prejudice to the aforesaid, if the difference between the Gross Revenue reported by the Additional Auditor and that reported by the Statutory Auditor is higher than [5]% (five percent), the Concessioning Authority shall at its sole discretion have the right to require a Special Audit for the entire outstanding tenure of the Concession.

  • In the event that the Gross Revenue reported by the Additional Auditor is higher than that reported by the Statutory Auditor, the auditors shall meet to resolve such differences and if they are unable to resolve the same the Concessionaire shall pay Royalty on the Gross Revenue reported by the Additional Auditor.

  • The Concessionaire shall also pay interest @ SBI PLR plus 2% (two percent) on the difference between the Royalty paid by the Concessionaire based on the Gross Revenue reported by the Statutory Auditor and that payable by the Concessionaire based on the Gross Revenue reported by the Additional Auditor for the intervening period between the payment of the Royalties as above.

  • Without prejudice to the aforesaid, if the difference between the quantity (MT) of cargo handled reported by the Additional Auditor and that reported by the Statutory Auditor is higher than[5]% the Concessioning Authority shall at its sole discretion have the right to require a Special Auditfor the entire outstanding tenure of the Concession.

  • The Concessionaire shall also pay interest @ 3% above the Bank Rate on the difference between the Royalty paid by the Concessionaire based on the quantity (MT) of cargo handledreported by the Statutory Auditor and that payable by the Concessionaire based on the quantity (MT) of cargo/TEUshandledreportedby the Additional Auditor for the intervening period between the payment of the Royalties as above.Further, the Concessionaire shall reimburse all costs, charges and expenses related to the SpecialAudit.

  • In the event that the quantity (MT) of cargo handled reported by the Additional Auditor is higher than that reported by the Statutory Auditor, the auditors shall meet to resolve such differences and if they are unable to resolve the same the Concessionaire shall pay Royalty on the quantity (MT) ofcargo/ TEUs handled reported by the Additional Auditor.


More Definitions of Additional Auditor

Additional Auditor means another firm of chartered accountants duly licensed to practice in India empanelled by CAG, to conduct special audit of the quantity MT of cargo/ TEUs handled and the financial statements, documents and supporting evidences thereto as may be mandated by the Concessioning Authority.
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Related to Additional Auditor

  • Initial Audit is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books, with results satisfactory to Bank in its sole and absolute discretion.

  • Neutral Auditor means Ernst & Young or, if Ernst & Young is unable to serve, an impartial nationally recognized firm of independent certified public accountants other than Seller’s accountants or Purchaser’s accountants, mutually agreed to by Purchaser and Seller.

  • Accountant means the independent certified public accountant or independent certified public accounting firm retained by the Issuer to perform the duties of the Accountant under this Master Indenture.

  • Auditor means the person for the time being performing the duties of auditor of the Company (if any).

  • Environmental Audit means a Phase One environmental site assessment (the scope and performance of which meets or exceeds the then most current ASTM Standard Practice E1527 for Environmental Site Assessments: Phase One Environmental Site Assessment Process) of the Property.