Audit on Termination Sample Clauses

The 'Audit on Termination' clause grants one party the right to review and examine the other party's records and activities upon the ending of an agreement. Typically, this audit may cover financial records, compliance with contractual obligations, or the use of confidential information during the contract term. By allowing such an audit, the clause ensures transparency and accountability, helping to resolve any outstanding issues and verify that all terms have been properly fulfilled at the conclusion of the relationship.
Audit on Termination. On Termination, the Venturers shall, if at such time any Party determines that such action shall be advisable and proper, employ a firm of chartered accountants to make a complete and final audit of the books, records, and accounts so kept by the Joint Venture as in this Agreement provided, and all final adjustments between the Venturers shall be made on the basis of such audit. Should the Venturers disagree about the choice of a chartered accountant, the audit shall be performed by the accountant for the Joint Venture, and accepted by the Venturers.
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Audit on Termination. Upon expiry or termination of this Agreement, a Party may, if at such time it determines that such action is desirable, employ a firm of chartered accountants to make a report based on a complete and final audit of the books, records, and accounts kept by the Parties as provided in this Agreement, and all final adjustments between and among the Parties shall be made on the basis of such report. If the Parties disagree on the choice of a firm of chartered accountants, the matter will be submitted to the dispute resolution provisions of this Agreement. The costs of such final audit shall be shared equally by the Parties.‌
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Audit on Termination. On termination, the Parties shall, if they determine that such action shall be advisable, employ a firm of chartered accountants to make a complete and final
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Audit on Termination 
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Related to Audit on Termination

  • Payment on Termination If an employee is terminated after the end of a year of employment, the employee is deemed to have been given any untaken leave from the date of termination and shall be paid for that leave accordingly. The employee shall also be paid for any public holidays falling within the period of leave in addition to payment for the leave. If an employee is terminated before the end of a full year of employment, the employee shall be paid pro-rata annual leave based on the period of service.

  • Survival on Termination The following Paragraphs and Articles shall survive the termination of this Agreement: (a) Article 4 (REPORTS, RECORDS AND PAYMENTS); (b) Paragraph 7.4 (Disposition of Licensed Products on Hand); (c) Paragraph 8.2 (Indemnification); (d) Article 9 (USE OF NAMES AND TRADEMARKS); (e) Paragraph 10.2 hereof (Secrecy); and (f) Paragraph 10.5 (Failure to Perform).

  • Repayment on Termination Date The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Credit Loans in full on the Revolving Credit Maturity Date, and (ii) all Swingline Loans in accordance with Section 2.2(b) (but, in any event, no later than the Revolving Credit Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

  • On Termination In the event this Agreement is terminated for any reason prior to the expiration of its original term or any renewal term, Owner shall indemnify, protect, defend, save and hold Manager and all of the other Indemnified Parties harmless from and against any and all claims, causes of action, demands, suits, proceedings, loss, judgments, damage, awards, liens, fines, costs, attorney's fees and expenses, of every kind and nature whatsoever (collectively, "Losses"), that may be imposed on or incurred by Manager by reason of the willful misconduct, gross negligence and/or unlawful acts (such unlawfulness having been adjudicated by a court of proper jurisdiction) of Owner.

  • Payments on Termination Payments to the Advisor pursuant to this Section 13.03 shall be subject to the 2%/25% Guidelines to the extent applicable. After the Termination Date, the Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Company within 30 days after the effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement.