Common use of Right to Inspect and Audit Clause in Contracts

Right to Inspect and Audit. 8.1 Seller will permit Timken and its representatives, consultants and customers to enter Seller’s facilities at reasonable times to inspect the facilities, the Timken Property and Seller’s records with respect thereto, and to inspect and test any goods, inventories, work- in-process, materials, machinery, equipment, tooling, fixtures, gauges and other items and processes related to Seller’s performance of the Agreement. Seller shall cooperate in any such inspection. No such inspection will constitute acceptance by Timken of any work-in- process or finished goods. 8.2 Seller will permit Timken and its representatives and consultants to enter Seller’s facilities at reasonable times to audit and review all relevant books, records, financial statements, relevant time and material data, receipts and other related data, policies and procedures, in order to (a) assess Seller’s ongoing ability to perform its obligations under the Agreement, and (b) substantiate any charges and other matters under the Agreement. Seller shall maintain and preserve all such documents for a period of 3 years following final payment under the Agreement, and shall cooperate in any such audit orreview. 8.3 Such inspections, audits and reviews will be conducted at Timken’s expense, unless Timken discovers material non- compliance by Seller, in which case Seller shall, in addition to fully correcting the non-compliance, reimburse Timken for the costs and expenses incurred in connection with that review and thenext.

Right to Inspect and Audit. 8.1 Seller will permit Timken and its representatives, consultants and customers to enter Seller’s facilities at reasonable times to inspect the facilities, the Timken Property and Seller’s records with respect thereto, and to inspect and test any goods, inventories, work- in-process, materials, machinery, equipment, tooling, fixtures, gauges and other items and processes related to Seller’s performance of the Agreement. Seller shall cooperate in any such inspection. No such inspection will constitute acceptance by Timken of any work-in- process or finished goods. 8.2 Seller will permit Timken and its representatives and consultants to enter Seller’s facilities at reasonable times to audit and review all relevant books, records, financial statements, relevant time and material data, receipts and other related data, policies and procedures, in order to (a) assess Seller’s ongoing ability to perform its obligations under the Agreement, and (b) substantiate any charges and other matters under the Agreement. Seller shall maintain and preserve all such documents for a period of 3 years following final payment under the Agreement, and shall cooperate in any such audit orreviewor review. 8.3 Such inspections, audits and reviews will be conducted at Timken’s expense, unless Timken discovers material non- compliance by Seller, in which case Seller shall, in addition to fully correcting the non-compliance, reimburse Timken for the costs and expenses incurred in connection with that review and thenextthe next.

Right to Inspect and Audit. 8.1 Seller will permit Timken and its representatives, consultants and customers to enter Seller’s 's facilities at reasonable times to inspect the facilities, the Timken Property and Seller’s 's records with respect thereto, and to inspect and test any goods, inventories, work- in-process, materials, machinery, equipment, tooling, fixtures, gauges and other items and processes related to Seller’s 's performance of the Agreement. Seller shall cooperate in any such inspection. No such inspection will constitute acceptance by Timken of any work-in- process or finished goods. 8.2 Seller will permit Timken and its representatives and consultants to enter Seller’s 's facilities at reasonable times to audit and review all relevant books, records, financial statements, relevant time and material data, receipts and other related data, policies and procedures, in order to (a) assess Seller’s 's ongoing ability to perform its obligations under the Agreement, and (b) substantiate any charges and other matters under the Agreement. Seller shall maintain and preserve all such documents for a period of 3 years following final payment under the Agreement, and shall cooperate in any such audit orreviewor review. 8.3 Such inspections, audits and reviews will be conducted at Timken’s 's expense, unless Timken discovers material non- non-compliance by Seller, in which case Seller shall, in addition to fully correcting the non-compliance, reimburse Timken for the costs and expenses incurred in connection with that review and thenextthe next.

Right to Inspect and Audit. 8.1 Seller will permit Timken and its representatives, consultants and customers to enter Seller’s facilities at reasonable times to inspect the facilities, the Timken Property and Seller’s records with respect thereto, and to inspect and test any goods, inventories, work- in-process, materials, machinery, equipment, tooling, fixtures, gauges and other items and processes related to Seller’s performance of the Agreement. Seller shall cooperate in any such inspection. No such inspection will constitute acceptance by Timken of any work-in- process or finished goods. 8.2 Seller will permit Timken and its representatives and consultants to enter Seller’s facilities at reasonable times to audit and review all relevant books, records, financial statements, relevant time and material data, receipts and other related data, policies and procedures, in order to (a) assess Seller’s ongoing ability to perform its obligations under the Agreement, and (b) substantiate any charges and other matters under the Agreement. Seller shall maintain and preserve all such documents for a period of 3 years following final payment under the Agreement, and shall cooperate in any such audit orreviewor review. 8.3 Such inspections, audits and reviews will be conducted at Timken’s expense, unless Timken discovers material non- compliance by Seller, in which case Seller shall, in addition to fully correcting the non-compliance, reimburse Timken for the costs and expenses incurred in connection with that review and thenext.

Right to Inspect and Audit. 8.1 Seller will permit Timken and its representatives, consultants and customers to enter Seller’s 's facilities at reasonable times to inspect the facilities, the Timken Property and Seller’s 's records with respect thereto, and to inspect and test any goods, inventories, work- work-in-process, materials, machinery, equipment, tooling, fixtures, gauges and other items and processes related to Seller’s 's performance of the Agreement. Seller shall cooperate in any such inspection. No such inspection will constitute acceptance by Timken of any work-in- in-process or finished goods. 8.2 Seller will permit Timken and its representatives and consultants to enter Seller’s 's facilities at reasonable times to audit and review all relevant books, records, financial statements, relevant time and material data, receipts and other related data, policies and procedures, in order to (a) assess Seller’s 's ongoing ability to perform its obligations under the Agreement, and (b) substantiate any charges and other matters under the Agreement. Seller shall maintain and preserve all such documents for a period of 3 years following final payment under the Agreement, and shall cooperate in any such audit orreviewor review. 8.3 Such inspections, audits and reviews will be conducted at Timken’s 's expense, unless Timken discovers material non- non-compliance by Seller, in which case Seller shall, in addition to fully correcting the non-compliance, reimburse Timken for the costs and expenses incurred in connection with that review and thenextthe next.

Right to Inspect and Audit. 8.1 Seller will permit Timken and its representatives, consultants and customers to enter Seller’s facilities at reasonable times to inspect the facilities, the Timken Property and Seller’s records with respect thereto, and to inspect and test any goods, inventories, work- work-in-process, materials, machinery, equipment, tooling, fixtures, gauges and other items and processes related to Seller’s performance of the Agreement. Seller shall cooperate in any such inspection. No such inspection will constitute acceptance by Timken of any work-in- in-process or finished goods. 8.2 Seller will permit Timken and its representatives and consultants to enter Seller’s facilities at reasonable times to audit and review all relevant books, records, financial statements, relevant time and material data, receipts and other related data, policies and procedures, in order to (a) assess Seller’s ongoing ability to perform its obligations under the Agreement, and (b) substantiate any charges and other matters under the Agreement. Seller shall maintain and preserve all such documents for a period of 3 years following final payment under the Agreement, and shall cooperate in any such audit orreviewor review. 8.3 Such inspections, audits and reviews will be conducted at Timken’s expense, unless Timken discovers material non- non-compliance by Seller, in which case Seller shall, in addition to fully correcting the non-compliance, reimburse Timken for the costs and expenses incurred in connection with that review and thenextthe next.

Right to Inspect and Audit. 8.1 Seller will permit Timken and its representatives, consultants and customers to enter Seller’s 's facilities at reasonable times to inspect the facilities, the Timken Property and Seller’s 's records with respect thereto, and to inspect and test any goods, inventories, work- inwork-in- process, materials, machinery, equipment, tooling, fixtures, gauges and other items and processes related to Seller’s 's performance of the Agreement. Seller shall cooperate in any such inspection. No such inspection will constitute acceptance by Timken of any workwork- in-in- process or finished goods. 8.2 Seller will permit Timken and its representatives and consultants to enter Seller’s 's facilities at reasonable times to audit and review all relevant books, records, financial statements, relevant time and material data, receipts and other related data, policies and procedures, in order to (a) assess Seller’s 's ongoing ability to perform its obligations under the Agreement, and (b) substantiate any charges and other matters under the Agreement. Seller shall maintain and preserve all such documents for a period of 3 years following final payment under the Agreement, and shall cooperate in any such audit orreviewor review. 8.3 Such inspections, audits and reviews will be conducted at Timken’s 's expense, unless Timken discovers material non- non-compliance by Seller, in which case Seller shall, in addition to fully correcting the non-compliance, reimburse Timken for the costs and expenses incurred in connection with that review and thenextthe next.

Right to Inspect and Audit. 8.1 9.1 Seller will permit Timken Buyer and its representatives, consultants and customers to enter Seller’s facilities at reasonable times to inspect the facilities, the Timken Buyer Property and Seller’s records with respect thereto, and to inspect and test any goods, inventories, work- work---in----process, materials, machinery, equipment, tooling, fixtures, gauges and other items and processes related to Seller’s performance of the Agreement. Seller shall cooperate in any such inspection. No such inspection will constitute acceptance by Timken Buyer of any work-in- work- --in---process or finished goods. 8.2 9.2 Seller will permit Timken Buyer and its representatives and consultants to enter Seller’s facilities at reasonable times to audit and review all relevant books, records, financial statements, relevant time and material data, receipts and other related data, policies and procedures, in order to (a) assess Seller’s ongoing ability to perform its obligations under the Agreement, and (b) substantiate any charges and other matters under the Agreement. Seller shall maintain and preserve all such documents for a period of 3 10 years following final payment under the Agreement, and shall cooperate in any such audit orreviewor review. 8.3 9.3 Such inspections, audits and reviews will be conducted at TimkenBuyer’s expense, unless Timken ▇▇▇▇▇ discovers material non- compliance noncompliance by Seller, in which case Seller shall, in addition to fully correcting the non-non--- compliance, reimburse Timken Buyer for the costs and expenses incurred in connection with that review and thenextthe next.