Common use of Third Party Audit Clause in Contracts

Third Party Audit. If the Regional Water Board obtains information reasonably indicating that the Discharger, Rose Foundation, and/or a SEP Implementing Party has not expended money in the amounts claimed, or a SEP Implementing Party has not adequately completed the work in the SEP, the Regional Water Board or its delegee may require, and the Discharger must submit, at its sole cost, a report prepared by an independent third party(ies) acceptable to the Regional Water Board or its delegee, stating that in its professional opinion, the Discharger, Rose Foundation, and/or a SEP Implementing Party has or has not expended money in the amounts claimed. In the event of such an audit, the Discharger agrees that the third-party auditor will be provided with access to all documents that the auditor requests. Such information must be provided to the Regional Water Board within three months of the date on which the Regional Water Board or its delegee requires the audit.

Third Party Audit. If the Regional Water Board obtains information reasonably indicating that the Discharger, Rose Foundation, and/or a SEP Implementing Party has not expended money in the amounts claimed, or a SEP Implementing Party has not adequately completed the work in the SEP, the Regional Water Board or its delegee may require, and the Discharger must submit, at its sole cost, a report prepared by an independent third party(ies) acceptable to the Regional Water Board or its delegee, stating that in its professional opinion, the Discharger, Rose Foundation, and/or a SEP Implementing Party has or has not expended money in the amounts claimed. In the event of such an audit, the Discharger agrees that the third-third- party auditor will be provided with access to all documents that the auditor requests. Such information must be provided to the Regional Water Board within three months of the date on which the Regional Water Board or its delegee requires the audit.