Common use of Accounting and Audit Rights Clause in Contracts

Accounting and Audit Rights. (a) The School must keep proper, accurate and complete books and records relating to: (i) the Transaction Fees payable to Parashift under this Agreement; and (ii) Transactions entered into with End Users. (b) The School's books and records kept under clause 6(a) must contain such information as is necessary to enable the amounts due and payable to Parashift to be readily identified and audited, together with the School’s compliance with this agreement. (c) At Parashift's written request, the School will, within 14 days, make available to Parashift (or its nominee) during normal business hours the books and records referred to in clause 6(a) and will permit those books and records to be examined by Parashift (or its nominee). (d) To the extent that the audit discloses a discrepancy in the amount of Transaction Fees paid or payable to Parashift, the parties agree to remedy that discrepancy within 30 days of the discrepancy being identified.

Accounting and Audit Rights. (a) The School must keep proper, accurate and complete books and records relating to: (i) the Transaction Fees payable to Parashift under this Agreement; and (ii) Transactions entered into with End Usersend users. (b) The School's books and records kept under clause 6(a) must contain such information as is necessary to enable the amounts due and payable to Parashift to be readily identified and audited, together with the School’s compliance with this agreement. (c) At Parashift's written request, the School will, within 14 days, make available to Parashift (or its nominee) during normal business hours the books and records referred to in clause 6(a) and will permit those books and records to be examined by Parashift (or its nominee). (d) To the extent that the audit discloses a discrepancy in the amount of Transaction Fees paid or payable to Parashift, the parties agree to remedy that discrepancy within 30 days of the discrepancy being identified.