Common use of Failure to Meet Reporting Requirements Clause in Contracts

Failure to Meet Reporting Requirements. If MCHP fails to meet reporting requirements of Section V of this Agreement, MCHP shall pay twice the amount necessary to have an auditor investigate and prepare the report, or any portion thereof which has been omitted.

Appears in 2 contracts

Sources: Strategic Investment Program Contract (Microchip Technology Inc), Strategic Investment Program Contract (Microchip Technology Inc)