AUDIT OR EXAMINATION Clause Samples

The AUDIT OR EXAMINATION clause grants one party the right to review and inspect the records, documents, or operations of the other party to ensure compliance with the terms of the agreement. Typically, this clause outlines the scope of materials subject to audit, the frequency or timing of such reviews, and any notice requirements before an audit can take place. Its core function is to provide transparency and accountability, allowing the auditing party to verify that obligations are being met and to detect any discrepancies or non-compliance.
AUDIT OR EXAMINATION. 9.1 MACP may on 14 days’ notice to the Applicant, audit or examine the Applicant’s books of account and other records to determine the accuracy of any report or payment under the Agreement. 9.2 After such examination where the licence fees under the Agreement is being understated, MACP is entitled to issue further invoice/tax invoice for the understated licence fees. 9.3 The Applicant agrees to pay the cost of the audit or examination if it is discovered that the information provided by the Applicant was inaccurate and resulted in the calculation of the licence fees under the Agreement being understated.
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AUDIT OR EXAMINATION. Consultant shall keep all records of funds received from City and make them accessible for audit or examination for a period of three years after final payments are issued and other pending matters.
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AUDIT OR EXAMINATION. 8.1 APRA may on 30 days’ notice to the Licensee, appoint an auditor to audit or examine the Licensee’s books of account and other records relevant to: (a) determine the correctness of any notice or payment under this agreement; or (b) in the case of a failure by the Licensee to provide information in accordance with clause 6, to obtain information required to be provided under that clause. 8.2 The Licensee must pay the cost of the audit or examination if it: (a) establishes that the information provided by the Licensee resulted in the amounts payable under this agreement being understated by more than 5%; or (b) is undertaken under clause 8.1(b).
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AUDIT OR EXAMINATION. 7.1 AMCOS may on 30 days’ notice to the Licensee audit or examine the Licensee’s books of account and other records to: (a) determine the correctness of any notice or payment under this agreement; or (b) in the case of a failure by the Licensee to provide information in accordance with clause 5.2, to obtain information required to be provided under that clause. 7.2 The Licensee must pay the cost of the audit or examination if it: (a) establishes that the information provided by the Licensee resulted in the amounts payable under this agreement being understated by more than 5%; or (b) is undertaken under clause 7.1(b).
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AUDIT OR EXAMINATION. 10.1 APRA may on 14 days’ notice to the Licensee audit or examine the Licensee’s books of account and other records to: (a) determine the correctness of any notice or payment under this agreement; or (b) in the case of a failure by the Licensee to provide information in accordance with clause 4, to obtain information required to be provided under that clause. 10.2 The Licensee must pay the cost of the audit or examination if it: (a) establishes that the information provided by the Licensee resulted in the amounts payable under this agreement being understated by more than 5%; or (b) is undertaken under clause 10.1(b). 10.3 Any auditor appointed by APRA in accordance with clause 10.1 must be a nationally recognised third party accountant or auditor not being the auditor of a competitor of the Licensee or compensated on a contingency fee basis.
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AUDIT OR EXAMINATION. 8.1 APRA, on behalf of the Licensors, may on 30 days’ notice to the Licensee audit or examine the Licensee’s books of account and other records to: (a) determine the correctness of any notice or payment under this agreement; or (b) in the case of a failure by the Licensee to provide information in accordance with clause 5, to obtain information required to be provided under that clause. 8.2 The Licensee must pay the cost of the audit or examination if the audit or examination: (a) establishes that the information provided by the Licensee resulted in the amounts payable under this agreement being understated by more than 5%; or (b) is undertaken under clause 8.1(b).
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AUDIT OR EXAMINATION. 7.1 AMCOS may on 30 days’ notice to the Licensee appoint an auditor to audit or examine the Licensee’s books of account and other relevant records to: (a) determine the correctness of any notice or payment under this agreement; or (b) in the case of a failure by the Licensee to provide information in accordance with clause 4, other than a failure to provide writer details under Schedule 2, to obtain information required to be provided under that clause. 7.2 The Licensee must pay the cost of the audit or examination if it: (a) establishes that the information provided by the Licensee resulted in the amounts payable under this agreement being understated by more than 5%; or (b) is undertaken under clause 7.1(b).
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AUDIT OR EXAMINATION. APRA may on 30 days’ notice to the Licensee appoint an auditor to audit or examine the Licensee’s books of account and other relevant records to:
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AUDIT OR EXAMINATION. Consultant shall keep all records of funds received from City and make them accessible for audit or examination for a period of five years after final payments are issued and other pending matters are closed. (Los Angeles County Auditor-Controller Contract Accounting and Administration Handbook, Section 3.1)
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Related to AUDIT OR EXAMINATION

  • Field Examination The Administrative Agent or its designee shall have conducted a field examination of the Loan Parties’ Accounts, Inventory and related working capital matters and of the Borrower’s related data processing and other systems, the results of which shall be satisfactory to the Administrative Agent in its sole discretion.

  • Field Examination and Other Fees Subject to any limitations set forth in Section 5.7(c), Borrowers shall pay to Agent, field examination, appraisal, and valuation fees and charges, as and when incurred or chargeable, as follows (i) a fee of $1,000 per day, per examiner, plus out-of-pocket expenses (including travel, meals, and lodging) for each field examination of any Loan Party or its Subsidiaries performed by or on behalf of Agent, and (ii) the fees, charges or expenses paid or incurred by Agent if it elects to employ the services of one or more third Persons to appraise the Collateral, or any portion thereof.

  • Physical Examination The Employer, at its own expense, shall have the right and be given the opportunity to have a medical doctor appointed by the Employer examine, as often as it may reasonably require, any employee whose injury, sickness, mental or nervous disorder is the basis of claim upon this Plan.

  • Audit Findings Vendor shall implement any required safeguards as identified by Citizens or by any audit of Vendor’s privacy and security controls.

  • Eye Examinations For all covered EMPLOYEES required to use VDTs on average at least two (2) hours per day, the Department will provide a base line eye examination at the Occupational Safety and Health facility ("OSH"), followed by an eye examination at OSH once a year.