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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.
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.
Field Audits means audits, verifications and inspections of the accounts receivable and inventory of Borrowers, conducted by an independent third Person selected by Agent.

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 SOP will set forth the requirements of a supervisory audit process which includes: at least one field assessment of each City inspector on a quarterly basis (hereinafter Construction Inspector Supervisory Field Audits) with, if possible, a different kind of inspection audited each quarter to ensure review of a variety of types of construction sites (e.g., commercial, residential, steep terrain, urban terrain).

  • The Center and EOHHS may conduct Desk Audits or Field Audits to ensure accuracy and consistency in reporting.

  • The requirement for Field Audits twice a year at Borrowers’ expense shall be reduced to once a year at Borrowers’ expense after the Company becomes publicly traded.

  • In connection with Field Audits, the Borrower agrees to pay the out of pocket expenses and costs incurred by the Administrative Agent in conducting periodic Field Audits, provided however, that so long as no Event of Default has occurred and is continuing the costs and expenses of any Field Audit required by Section 5.1, shall not exceed $10,000 per annum.

  • Prior to an Event of Default such Field Audits shall be limited (in aggregate for all Lenders) to once in each twelve (12) month period.

  • Rec.Measure FY 2018 FY 2019 FY 2020 FY 2020 FY 2021 FY 2022 Number of School Finance Printouts Accurately Prepared for Lawmakers within Requested Time FramesAmount of State Aid Savings Found by Fiscal Audit Team (In Thousands) Number of USD Field Audits CompletedAgency Expenditures All Funds (Dollars in Millions)FTE PositionsThis includes all expenditures for state operations within the Department of Education, with the exception of expenditures for the Kansas Children's Cabinet.

  • Cooperate with the Providing Agency in Field Audits conducted pursuant to Section VI.


More Definitions of Field Audits

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.
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. ​
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.
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.
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.

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 all fields of use.

  • 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.

  • Lead inspection means a surface-by-surface investigation to determine the presence of lead-based

  • 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 Section 6.01(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.

  • Clinical evaluation means a systematic and planned process to continuously generate, collect, analyse and assess the clinical data pertaining to a device in order to verify the safety and performance, including clinical benefits, of the device when used as intended by the manufacturer;

  • 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 means the last ten reporting cycles including the reporting cycle in which the involuntary examination is commenced except for instruments evidencing ownership, or rights to them or funds paid toward the purchase of them, or any dividend, capital credit, profit, distribution, interest, or payment on principal or other sum, held or owed by a holder, including funds deposited with a fiscal agent or fiduciary for payment of them, or pertaining to debt of a publicly traded corporation.

  • Phase I Clinical Study means a human clinical study of a product, the principal purpose of which is a preliminary determination of safety in healthy individuals or patients, as described in 21 C.F.R. 312.21(a).

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

  • Due Diligence Review means the performance by Buyer of any or all of the reviews permitted under Section 44 hereof with respect to any or all of the Loans or Seller or related parties, as desired by Buyer from time to time.

  • 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;

  • Controller of Examinations means the Controller of Examinations of the University;

  • 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.