Field Audits definition

Field Audits means audits, verifications and inspections of the accounts receivable and inventory of Borrower, conducted by an independent third Person selected by Lender.
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Field Audits means, an audit, verification and inspection of the books and records, accounts receivable, inventory and fixed assets of the Borrower and its Subsidiaries, conducted by the Administrative Agent or any other Person selected by the Administrative Agent.
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Field Audits means audits, verifications and inspections of (a) the Collateral, (b) the accounting and financial processes and procedures of Borrower and its Subsidiaries, (c) the financial condition of Borrower and its Subsidiaries, (d) the books, records and documents of Borrower and its Subsidiaries, and (e) such other items, documents and matters related to Borrower and its Subsidiaries as Lender may request or desire, in each case conducted by a Person (who may be an employee of Lender or who may be independent) satisfactory to Lender.
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Examples of Field Audits in a sentence

  • The Contractor will have ninety (90) calendar days to successfully implement the action plan, correct all deficiencies, and maintain at least a Standard Performance rating in both Monthly Performance and Quarterly Field Audits for at least the ninety (90) days following the execution of the Corrective Action Plan.

  • The Michigan State Housing Development Authority (“Authority” or “MSHDA”) shall measure the Contractor’s performance of the activities described in this Agreement, and its attached and incorporated Exhibits, Monthly Performance standards, and Quarterly Field Audits.

  • However, Status Determinations, Collections, and Field Audits have many more elements in them.

  • The Office of Field Audits is responsible for answering all questions regarding the preparation of a certified audit.

  • The certified audit reports are reviewed by the Office of Field Audits and the cost reports are reviewed by the Rate Setting Unit and, when appropriate, a report on the certified audit or cost reports will be issued to Department officials who are responsible for the contracts.

  • A request for an administrative hearing must be received in writing within 15 business days after the conclusion of the exit conference and shall be directed to the administrator of the Administrative Hearings Unit with a copy forwarded to the Office of Field Audits.

  • All certified audit reports are logged in upon receipt by the Office of Field Audits and a check-in list is prepared for each audit received.

  • No. 2012-30-030, Actions Can Be Taken to Reinforce the Importance of Recognizing and Investigating Fraud Indicators During Field Audits (Mar.

  • If the audit does not contain adequate information, the Office of Field Audits will send a letter to the entity to request additional information.

  • The Office of Field Audits will prepare a desk review report that will highlight any deficiencies that are found in the audit and will contain specific recommendations for procedural changes in the preparation of certified audits.


More Definitions of Field Audits

Field Audits means audits, verifications and inspections of the accounts receivable and inventory of Borrowers, conducted by an independent third Person selected by Agent.
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Field Audits means on-site (and to the extent waived by the Department as permitted in certain cases by the Florida Administrative Code, off-site) audits of Participating Employers for the purpose of determining normal premium due from each Participating Employer in each policy year based upon actual payroll of each Participating Employer.
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Field Audits means audits, verifications and inspections of the accounts receivable of Borrowers and Qualified Foreign Subsidiaries, conducted by an independent third Person selected by Agent; provided, that the term "Field Audit" shall only apply to a Qualified Foreign Subsidiary as long as the accounts receivable or costs in excess of xxxxxxxx of such Qualified Foreign Subsidiary are included in the Borrowing Base.
Sample 1
Field Audits means audits, verifications and inspections of (a) the Collateral, (b) the accounting and financial processes and procedures of the Borrower and its Subsidiaries, (c) the financial condition of the Borrower and its Subsidiaries, (d) the books, records and documents of the Borrower and it Subsidiaries, and (e) such other items, documents and matters related to the Borrower and its Subsidiaries as the Lender Representative may request or desire, in each case conducted by a Person (who may be an employee of the Lender Representative or who may be independent) satisfactory to the Lender Representative.
Sample 1

Related to Field Audits

  • Audits means the audits and reviews carried out by the Bank or the Bank’s auditors, experts and insurers, as the case may be in accordance with the terms and conditions set out in Section 18.

  • Field means [***].

  • Audit means the examination of a person or the inspection of the books, records, memoranda, or accounts of a person, ordered to appear before the Tax Administrator, for the purpose of determining liability for a municipal income tax.

  • Approved Auditor means a person who is:

  • Inspections has the meaning set forth in Section 4.1.2.

  • qualified auditor means a person who is qualified to be appointed as an auditor under section 198;

  • Practical examination means a demonstration through application of the safety rules and principles in industrial radiography including use of all procedures and equipment to be used by radiographic personnel.

  • 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.

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Independent Auditor has the meaning specified in subsection 7.01(a).

  • Independent Auditors has the meaning set forth in Section 3.2.

  • conformity assessment body means a body that performs conformity assessment activities including calibration, testing, certification and inspection;

  • Examination Criteria means the loan classification criteria employed by, or any applicable regulations of, the Assuming Institution’s Chartering Authority at the time such action is taken, as such criteria may be amended from time to time.

  • Independent Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.

  • Tax Audit means any audit, assessment, or other examination relating to Taxes by any Tax Authority or any judicial or administrative proceedings relating to Taxes.

  • Inspection Report means the report delivered by the Master Servicer or the Special Servicer, as the case may be, substantially in the form of Exhibit L hereto.

  • Examination Period as defined in Section 4.01.

  • Phase I Clinical Study means, as to a particular Licensed Product, an initial clinical study in humans with the purpose of assessing the Licensed Product’s safety, tolerability, toxicity, pharmacokinetics or other pharmacological properties.

  • Investigational Product means the Study Drug identified above and the control material, as further detailed in the Protocol;

  • Engineering Reports has the meaning assigned such term in Section 2.07(c)(i).

  • Due Diligence Review shall have the meaning as set forth in Section 2.5.

  • Updates are changes that do not require a change to the established Centralized Contract terms and conditions. A request to add new products at the same or better price level is an example of an update. “Amendments” are any changes that are not specifically covered by the terms and conditions of the Centralized Contract, but inclusion is found to be in the best interest of the State. A request to change a contractual term and condition is an example of an amendment.

  • Studies means activities needed to prepare project implementation, such as preparatory, mapping, feasibility, evaluation, testing and validation studies, including in the form of software, and any other technical support measure, including prior action to define and develop a project and decide on its financing, such as reconnaissance of the sites concerned and preparation of the financial package;

  • Company’s Auditors means an independent firm of accountants duly appointed as auditors of the Company;

  • Environmental Audit means, with respect to each Property, 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 such Property.

  • Buyer’s Accountants means Xxxxx Xxxxxxxx LLP.