Common use of Audit of Books Clause in Contracts

Audit of Books. Buyer will have the right to have a third party recognized national accounting firm audit Seller's books and records for any months hereunder for up to 2 years after any such month, upon reasonable prior notice and during normal business hours, provided that the designated auditor may not disclose to Buyer the information examined in the audit other than to corroborate accuracy according to the price terms hereunder and report the dollar sum of the discrepancy for any month in which any discrepancy was found. If either of the published prices referenced in Paragraph 4(a) cease being published or is no longer representative of U.S. Gulf Coast contract or spot ethylene prices, as applicable, then the parties shall designate an alternate reference price method to apply after the redesignation.

Appears in 2 contracts

Sources: Sales Agreement (Equistar Funding Corp), Sales Agreement (Equistar Funding Corp)