Business Records; Right to Audit and Copy Clause Samples

The 'Business Records; Right to Audit and Copy' clause grants one party the authority to access, review, and duplicate the business records of the other party relevant to the agreement. Typically, this means that the party with audit rights can inspect financial documents, transaction logs, or other pertinent records during a specified period, often with advance notice and during normal business hours. This clause ensures transparency and accountability by allowing verification of compliance with contractual obligations, helping to prevent fraud or mismanagement.
Business Records; Right to Audit and Copy. During the term of this Agreement and for a period of two (2) years thereafter, SunnComm shall maintain accurate records relating to its performance of its obligations under this Agreement ("Business Records"). During the later of five (5) years thereafter or until SunnComm's obligation to MM is paid in full, MM or its designee shall have the right, at its own expense and under reasonable conditions of time and place, to from time to time audit the Business Records. In the event of judicial or governmental order or decree, SunnComm shall immediately make copies of the Business Records available to MM either at SunnComm's principal place of business or by forwarding such copies to MM, as instructed by MM.
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Business Records; Right to Audit and Copy. During the initial term and any renewal terms of this Agreement, if any, and for a period of three (3) years thereafter, Company shall maintain accurate records relating to the licensing of Products to customers in the Territory and to Company’s performance of its obligations under this Agreement (“Business Records”). The Business Records shall include, without limitation, the identity, address, customer contact and, if known to Company, hardware and operating environments of each customer, the type and date of sale for each Product ordered, the dates of Product delivery and a copy of each Order. During the initial term and any renewal terms of this Agreement, if any, and for a period of three (3) years thereafter, Intragen shall have the right, at its own expense and under reasonable conditions of time and place, as mutually agreed upon by the Parties, to audit Company’s records solely relating to the licensing of Products to customers in the Territory under this Agreement, in each case upon thirty (30) days' prior written notice during normal business hours (and the Company shall provide such access and assistance as Intragen reasonably requests in relation to such audit). Such audit shall not be conducted more frequently than once every twelve (12) months. In the event any such audit discloses any breach of this Agreement by Company, Company shall, in addition to such other rights and remedies as may be available to Intragen as the result of such breach, pay to Intragen the full cost of such audit and copying. In any event the Company shall provide such information and reports to Intragen as are requested in relation to its sales and licensing of the Products and performance under this Agreement.
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Business Records; Right to Audit and Copy. During the term of this Agreement and for a period of two (2) years thereafter, Vistula shall maintain accurate records relating to the distribution of Products to Vistula Customers in the Territory and to Vistula's performance of its obligations under this Agreement ("Business Records"). The Business Records shall include, without limitation, the identity, address, contact and, if known to Vistula, hardware and operating environments of each Vistula Customer, the type of Product and date of distribution for each Product, the dates of Product installation, a copy of each End User License Agreement and information about any maintenance and support services purchased by the Vistula Customer. During the term of this Agreement and for a period of two (2) years thereafter, NetYantra or its designee shall have the right, at its own expense and under reasonable conditions of prior notice, time and place, to from time to time audit and copy the Business Records. In the event any such audit discloses that Vistula has failed to pay NetYantra an amount exceeding 5% of the NetYantra Revenue Share for a particular calendar quarter, Vistula shall pay to NetYantra all amounts shown to be due by such audit.
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Business Records; Right to Audit and Copy. During the term of this Agreement and for a period of two (2) years thereafter, Telstra shall maintain accurate records relating to the distribution of Products and provision of Services to Telstra Customers in the Territory and to Telstra’s performance of its obligations under this Agreement (“Business Records”). The Business Records shall include, without limitation, the identity, address, contact and, if known to Telstra, hardware and operating environments of each Telstra Customer, the type of Product and date of distribution for each Product, the type of Services and dates of use of the Services, the number of individual licensed users of the Product and Services at the Telstra Customer, the dates of Product installation (if applicable), a copy of each End User License Agreement and information about any maintenance and support services purchased by the Telstra Customer. During the term of this Agreement and for a period of two (2) years thereafter, Vistula or its designee shall have the right, at its own expense and on giving not less than twenty (20) working days’ notice from time to time have access to audit the Business Records.
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Related to Business Records; Right to Audit and Copy

  • RECORDS; RIGHT TO AUDIT (a) The Sub-Adviser agrees to maintain in the form and for the period required by Rule 31a-2 under the 1940 Act, all records relating to the Fund's investments made by the Sub-Adviser that are required to be maintained by the Fund pursuant to the requirements of Rule 31a-1 under the 1940 Act. The Sub-Adviser agrees that all records that it maintains on behalf of the Fund are the property of the Fund, and the Sub-Adviser will surrender promptly to the Fund any such records upon the Fund's request; provided, however, that the Sub-Adviser may retain a copy of such records. In addition, for the duration of this Agreement, the Sub-Adviser shall preserve for the periods prescribed by Rule 31a-2 under the 1940 Act any such records as are required to be maintained by it pursuant to this Agreement and shall transfer all such records to any entity designated by the Adviser upon the termination of this Agreement. (b) The Sub-Adviser agrees that all accounts, books and other records maintained and preserved by it as required hereby will be subject at any time, and from time to time, to such reasonable periodic, special and other examinations by the SEC, the Fund's auditors, any representative of the Fund, the Adviser, or any governmental agency or other instrumentality having regulatory authority over the Fund.

  • Right to Audit Records Citizens shall have reasonable access to Vendor’s facilities and the right to review and audit any of Vendor’s records relating solely to this Agreement, upon written notice to Vendor of at least three (3) business days. Vendor shall not unreasonably delay or inhibit Citizens’ right to audit as set forth in this Section. Vendor shall cooperate with auditor(s) and, provide requested documentation in a timely manner (preferably within five (5) business days). Vendor must resolve any deficiencies discovered during the audit within ninety (90) calendar days from being reported. Citizens may extend the response time period in its sole discretion. Citizens has the right to conduct follow-up audit procedures to assess Vendor’s corrective action(s). Any entity performing auditing services pursuant to this Section shall execute a non-disclosure agreement with regard to Vendor’s proprietary information, unless precluded from doing so by law. Vendor agrees to reimburse Citizens for the reasonable costs of investigation incurred by Citizens for investigations of Vendor’s compliance with this Agreement which result in termination for cause or in regulatory or criminal penalties in connection with performance of this Agreement. Such costs shall include, but shall not be limited to: salaries of investigators, including overtime; travel and lodging expenses; expert witness fees and, documentary fees.

  • State Auditor’s Right to Audit The state auditor may conduct an audit or investigation of any entity receiving funds from the state directly under the Grant Agreement or indirectly through a subcontract under the Grant Agreement. The acceptance of funds directly under the Grant Agreement or indirectly through a subcontract under the Grant Agreement acts as acceptance of the authority of the state auditor, under the direction of the legislative audit committee, to conduct an audit or investigation in connection with those funds. Under the direction of the legislative audit committee, an entity that is the subject of an audit or investigation by the state auditor must provide the state auditor with access to any information the state auditor considers relevant to the investigation or audit. Grantee shall ensure the authority to audit funds received indirectly by subcontractors through the contract and the requirement to cooperate is included in any subcontract it awards.

  • Agency’s Right to Audit A. Grantee shall make available at reasonable times and upon reasonable notice, and for reasonable periods, work papers, reports, books, records, supporting documents kept current by Grantee pertaining to the Grant Agreement for purposes of inspecting, monitoring, auditing, or evaluating by System Agency and the State of Texas. Grantee shall ensure these same requirements are included in all subcontracts. B. In addition to any right of access arising by operation of law, Grantee and any of Grantee’s affiliate or subsidiary organizations, or Subcontractors shall permit the System Agency or any of its duly authorized representatives, as well as duly authorized federal, state or local authorities, unrestricted access to and the right to examine any site where business is conducted or services are performed, and all records, which includes but is not limited to financial, client and patient records, books, papers or documents related to this Grant Agreement. Grantee shall permit the System Agency or any of its duly authorized federal, state, or local authorities unrestricted access to and the right to examine all external contracts and or pricing models or methodologies related to the Grant Agreement. Grantee shall ensure these same requirements are included in all subcontracts. If the Grant Agreement includes federal funds, federal agencies that shall have a right of access to records as described in this section include: the federal agency providing the funds, the Comptroller General of the United States, the General Accounting Office, the Office of the Inspector General, and any of their authorized representatives. In addition, agencies of the State of Texas that shall have a right of access to records as described in this section include: the System Agency, HHS's contracted examiners, the State Auditor’s Office, the Office of the Texas Attorney General, and any successor agencies. Each of these entities may be a duly authorized authority. C. If deemed necessary by the System Agency or any duly authorized authority, for the purpose of oversight, including, but not limited to, reviews, inspections, audits and investigations, Grantee shall produce original documents related to this Grant Agreement. D. The System Agency and any duly authorized authority shall have the right to audit ▇▇▇▇▇▇▇▇ both before and after payment, and all documentation that substantiates the ▇▇▇▇▇▇▇▇ and payments related to the Grant Agreement, including those related to a Subcontractor. E. Grantee shall include the System Agency’s and any of its duly authorized representatives’, as well as duly authorized federal, state, or local authorities, unrestricted right of access to, and examination of, sites and information related to this Grant Agreement in any Subcontract it awards.

  • Public Records Requests If the Department receives a public records request for materials designated by the Contractor as trade secret or otherwise confidential under Florida or federal law, the Contractor will be responsible for taking the appropriate legal action in response to the request. If the Contractor fails to take appropriate and timely action to protect the materials designated as trade secret or otherwise confidential, the Department will provide the materials to the requester.