Compact Records definition

Compact Records has the meaning provided in Section 3.7(a).

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Compact Records means accounting books, records, documents and other evidence relating to the Compact adequate to show to MCC’s satisfaction the use of all MCC Funding in accordance with Section 3.7 of the Compact.

Compact Records shall have the meaning set forth in Exhibit A of the Compact. “Compact Term” shall have the meaning set forth in Exhibit A of the Compact. “Detailed Financial Plan” shall have the meaning set forth in Exhibit A of the Compact.

Examples of Compact Records in a sentence

Compact Records must be maintained for at least five (5) years after the end of the Compact Term or for such longer period, if any, required to resolve any litigation, claims or audit findings or any applicable legal requirements.
In addition, the Government will furnish or cause to be furnished to MCC, upon its request, originals or copies of such Compact Records.
Compact Records must be maintained for at least five (5) years after the end of the Compact Term or for such longer period, if any, required to resolve any litigation, claims or audit findings or any statutory requirements.
Compact Records shall be maintained for at least five (5) years after the end of the Compact Term or for such longer period, if any, required to resolve any litigation, claims or audit findings or any statutory requirements.
In addition, the Government shall furnish or cause to be furnished to MCC, upon its request, originals or copies of such Compact Records.
In addition, the Government will furnish or cause to be furnished to MCC, upon its request, all such Compact Records.
Compact Records must be maintained for at least five (5) years after the end of the Compact Term or for such longer period, if any, required in connection with any litigation, claims, audit findings, or applicable legal requirements.
Compact Records must be maintained for at least five years after the end of the Compact Term or for such longer period, if any, required to resolve any litigation, claims or audit findings or any applicable legal requirements.
The Government will maintain and will use its best efforts to ensure that all Covered Providers maintain Compact Records in accordance with generally accepted accounting principles prevailing in the United States, or at the Government’s option and with MCC’s prior written approval, other accounting principles, such as those (i) prescribed by the International Accounting Standards Board, or (ii) then prevailing in Nepal.
Compact Records must be maintained for at least five years after the end of the Compact Term or for such longer period, if any, required to resolve any litigation, claims or audit findings, or any applicable legal requirements.

More Definitions of Compact Records

Compact Records shall have the meaning set forth in Section 3.8(b). Compact Reports are any documents or reports delivered to MCC in satisfaction of the Government’s reporting requirements under this Compact or any Supplemental Agreement between the Parties.