Common use of Direct vs Clause in Contracts

Direct vs. Allocated. Each party shall have the right to verify whether any particular expense is an Approved Expense by sending a written inquiry to that effect to the other party. The party incurring an expense shall endeavor to promptly provide upon request of the other party the appropriate documentary evidence supporting such expense. Upon failure by the said party to provide the appropriate documentary evidence, the inquiring party shall have the right to send a written notice of dispute to the other party and the parties shall resolve such dispute in the manner set forth in Section 3.3 hereof. Upon determination by such Independent Accountant (as defined below) that the expense was not approved, such expense shall be deducted from the Joint Venture Expenses and the party having incurred such expense shall either promptly reimburse it to the Joint Venture Bank Account, or shall withdraw its request for reimbursement if not reimbursed yet.