Common use of Audit Review Clause in Contracts

Audit Review. Client or any governmental authority having jurisdiction over the Client shall have the right (even if Client is in default hereunder or after this Agreement has expired or been terminated), at any time and from time to time upon reasonable notice, to undertake or cause to be undertaken an audit review of all investments and proposed investments, Adviser’s performance of its services under this Agreement, the fees payable to Adviser hereunder and all reimbursable costs and expenses hereunder, if any, and Adviser’s compliance herewith. Such audit review may be undertaken directly by Client or by third parties engaged by Client, and the fees and disbursements of any third party auditor retained by Client or such governmental authority shall be paid by Client. Adviser shall cooperate fully with Client and each such third party in connection with any such audit review. The rights of Client under this Section 17 may be enforced by an action at law or in equity, whether for specific performance or injunction or otherwise.