Common use of Document Retention and Record Maintenance Clause in Contracts

Document Retention and Record Maintenance. The SP agrees: (i) that it will retain all records (as that term is defined in (MFIPPA) related to the SP’s performance of its obligations under this Agreement for seven (7) years after the termination or expiration of the term of the Agreement. The SP’s obligations under this paragraph will survive any termination or expiry of the Agreement; (ii) all financial records, invoices and other financially-related documents relating to the Funding or otherwise to the Services will be kept in a manner consistent with either generally accepted accounting principles or international financial reporting standards as advised by the SP’s auditor; and (iii) all non-financial documents and records relating to the Funding or otherwise to the Services will be kept in a manner consistent with all Applicable Law.

Document Retention and Record Maintenance. The SP agrees: (i) that it will retain all records (as that term is defined in (MFIPPAFIPPA) related to the SP’s performance of its obligations under this Agreement for seven (7) years after the termination or expiration of the term of the Agreement. The SP’s obligations under this paragraph will survive any termination or expiry of the Agreement; (ii) all financial records, invoices and other financially-related documents relating to the Funding or otherwise to the Services will be kept in a manner consistent with either generally accepted accounting principles or international financial reporting standards as advised by the SP’s auditor; and (iii) all non-financial documents and records relating to the Funding or otherwise to the Services will be kept in a manner consistent with all Applicable Law.