Examples of Audited Party in a sentence

Such audits may be performed once in each Calendar Year; provided, however, that audits may be conducted more frequently (but no more frequently than once in each Calendar Quarter) if the immediately preceding audit found previously uncorrected net inaccuracies in billing in favor of the Audited Party having an aggregate value of at least $1,000,000.
The Auditing Party shall bear the full cost of such audit unless such audit discloses at least a [***] shortfall [***], in which case the Audited Party will bear all reasonable costs and expenses of the audit.
Prior to commencing the implementation of such audit the Auditing Party shall submit an audit plan, including audit scope, to the other Audited Party for approval, which shall not be unreasonably withheld.
Similarly, if the audit reveals an overpayment, the Auditing Party will be entitled to recover such overpayment as determined by such audit as actually received by the Audited Party.
The Audited Party shall each make its records available for inspection or audit by the Accounting Firm during regular business hours at such place or places where such records are customarily kept, upon reasonable notice from the Auditing Party, solely to verify the expenses and payments hereunder were correctly determined.

More Definitions of Audited Party

Audited Party shall have the meaning set forth in Section 8.2(a).

Audited Party has the meaning set forth in Section 3.9 (Records and Audits).

Audited Party has the meaning set forth in Section 10.12.3.

Audited Party shall have the meaning set forth in Section 10.6(b).

Audited Party has the meaning assigned to such term in Section 5.2(1)(ii).

Audited Party is defined in Section 4.03(a)(ii).

Audited Party shall have the meaning given to such term in Section 12.3.