Common use of AUDIT OR EXAMINATION Clause in Contracts

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).

AUDIT OR EXAMINATION. 7.1 8.1 APRA AMCOS may on 30 7 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 report or payment under this agreement; or (b) in the case of a failure by the Licensee to provide information in accordance with clause 5.26.1, to obtain information required to be provided under that clause. 7.2 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 7.1(b8.1(b).

AUDIT OR EXAMINATION. 7.1 9.1 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 5.26, to obtain information required to be provided under that clause. 7.2 9.2 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(b9.1(b).