Common use of Auditor Access Clause in Contracts

Auditor Access. Notwithstanding anything contrary in this Section 9, on and after the Closing, the NARCO Asbestos Trust shall reasonably cooperate (at Honeywell’s sole cost and expense) with ▇▇▇▇▇▇▇▇▇’s auditor in connection with any reasonable inquiry that ▇▇▇▇▇▇▇▇▇’s auditor makes for purposes of conducting an integrated audit of (A) ▇▇▇▇▇▇▇▇▇’s NARCO-related insurance receivables or (B) for a period of seven years from the Closing, Honeywell’s NARCO-related liabilities. Such reasonable inquiry may include requests for Trust Claims Data, Paid Claims Database, summary level paid cost information by vendor and/or by cost category, and NARCO Asbestos Trust claims-related service provider invoices submitted to the NARCO Asbestos Trust. The NARCO Asbestos Trust may redact such invoices to avoid disclosure of any claimant data, attorney-client privileged communications and attorney opinion work product. When neither Honeywell nor its auditor has continuing reporting obligations with respect to the NARCO Asbestos Trust, then Honeywell shall promptly notify the NARCO Asbestos Trust in writing and all obligations of the NARCO Asbestos Trust under this Section 9(e) shall cease.

Appears in 2 contracts

Sources: Buyout Agreement (Honeywell International Inc), Buyout Agreement (Honeywell International Inc)