Records & Audits definition

Records & Audits. The Vendor shall maintain adequate records to establish compliance with this Master Agreement until the later of a period of four {4} years after termination of this Agreement or until full, final and unappealable resolution of all audit or litigation issues that arise under this Master Agreement at no cost.
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Records & Audits. MBA shall keep in a manner and form prescribed or approved by Company, true and accurate records and books of account of all transactions under this Agreement with Company. MBA shall hold and preserve the property of Company (which shall include but not limited to any records, contracts, contract forms, policies, policy forms, brochures, applications, manuals, underwriting guides and all other property of Company) which shall at any time come into MBA's possession or under its control. MBA shall surrender such property to Company upon demand. MBA shall, as often as required, submit to a representative of Company, all such books and records for examination and copying as said Representative shall desire to make, and MBA shall cooperate and assist in such examination or audit. Company may request corrective action be made promptly and MBA shall confirm completion thereof in writing. Company's right to inspect and copy records relating to Company and/or business written by MBA under this Agreement shall survive termination of this Agreement and shall continue until all matters affecting Company are settled. MBA shall make such reports of all transactions under this and all previous Agreements as may be required by Company. MBA agrees to conduct daily and monthly backups of its computer system and place a yearly backup in a safety deposit for protection in the event of any disaster or emergency damaging MBA's systems and records.
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Examples of Records & Audits in a sentence

  • The rights and obligations under Paragraphs and Articles 2.2(c) (Sublicense), 3.1(a) (license issue fee), 4.2 (Records & Audits), 7.3 (Survival on Termination or Expiration), 8.1, 8.2(a) and 8.2(d) (Limited Warranty and Indemnification), 9.1 (Use of Names and Trademarks), 10.2(a)-(c) (Secrecy), 10.5 (Failure to Perform) and 10.6 (Governing Laws) shall survive the termination or expiration of this Agreement.

Related to Records & Audits

  • Records Review means any assessment the Province conducts pursuant to section A7.4.

  • 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.

  • 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.

  • Criminal records data means information about an individual's criminal convictions and offences, and information relating to criminal allegations and proceedings.

  • Financial Records means any document or summary of information contained in a document, including electronic documents, that contains information about the financial activities or position of a person including, but not limited to, information about the assets, balance sheets, budgets, cash flow, earnings, revenue, expenditures, income, investments, losses, liabilities, payroll, profits, retained earnings, or taxes.