Common use of Right of Audit Clause in Contracts

Right of Audit. The Reclamation Trust Funds Operating Agent will maintain‌ complete and accurate records of all expenses and transactions for which a Party may have cost responsibility under this Mine Reclamation Agreement. Such records will be maintained from the date an expense is billed to a Party hereunder for a period of the longer of: (i) the expiration of the statute of limitations for actions based on contract; or (ii) the date the records may be destroyed under the Reclamation Trust Funds Operating Agent’s document retention policy. Any Party (an “Initiating Party”) may, upon reasonable advance written notice to the Reclamation Trust Funds Operating Agent, conduct an audit of all records, invoices, costs, expenses or liabilities charged to the Initiating Party or for which the Initiating Party has or may have cost responsibility. Parties desiring to perform an audit will cooperate with one another so as to minimize the number of audits and any undue burden upon the Reclamation Trust Funds Operating Agent. Each such audit will be carried out by an auditor of the Initiating Party’s choosing and at the expense of the Initiating Party, except as provided in Section 18.3. The Reclamation Trust Funds Operating Agent will cooperate with the Initiating Party and the Initiating Party’s auditor and will make available its relevant business records at reasonable times and places, upon reasonable advance notice. A copy of the audit report will be provided to all Parties by the Initiating Party within fifteen (15) days of receipt of the audit report.

Right of Audit. The Reclamation Trust Funds Operating Decommissioning Agent will maintain‌ maintain complete and accurate records of all expenses and transactions for which a Party may have cost responsibility under this Mine Reclamation Decommissioning Agreement. Such records will be maintained from the date an expense is billed to a Party hereunder for a period of the longer of: (i) the expiration of the statute of limitations for actions based on contract; or (ii) the date the records may be destroyed under the Reclamation Trust Funds Operating Decommissioning Agent’s document retention policy. Any Party (an “Initiating Party”) may, upon reasonable advance written notice to the Reclamation Trust Funds Operating Decommissioning Agent, conduct an audit of all records, invoices, costs, expenses or liabilities charged to the Initiating Party or for which the Initiating Party has or may have cost responsibility. Parties desiring to perform an audit will cooperate with one another so as to minimize the number of audits and any undue burden upon the Reclamation Trust Funds Operating Decommissioning Agent. Each such audit will be carried out by an auditor of the Initiating Party’s choosing and at the expense of the Initiating Party, except as provided in Section 18.313.3. The Reclamation Trust Funds Operating Decommissioning Agent will cooperate with the Initiating Party and the Initiating Party’s auditor and will make available its relevant business records at reasonable times and places, upon reasonable advance notice. A copy of the audit report will be provided to all Parties by the Initiating Party within fifteen (15) days of receipt of the audit report.

Right of Audit. The Reclamation Trust Funds Operating Agent will maintain‌ maintain complete and accurate records of all expenses and transactions for which a Party may have cost responsibility under this Mine Reclamation Restructuring Agreement. Such records will be maintained from the date an expense is billed to a Party hereunder for a period of the longer of: (i) the expiration of the statute of limitations for actions based on contract; or (ii) the date the records may be destroyed under the Reclamation Trust Funds Operating Agent’s document retention policy. Any Party (an “Initiating Party”) may, upon reasonable advance written notice to the Reclamation Trust Funds Operating Agent, conduct an audit of all records, invoices, costs, expenses or liabilities Liabilities charged to the Initiating Party or for which the Initiating Party has or may have cost responsibility. Parties desiring to perform an audit will cooperate with one another so as to minimize the number of audits and any undue burden upon the Reclamation Trust Funds Operating Agent. Each such audit will be carried out by an auditor of the Initiating Party’s choosing and at the expense of the Initiating Party, except as provided in Section 18.324.3. The Reclamation Trust Funds Operating Agent will cooperate with the Initiating Party and the Initiating Party’s auditor and will make available its relevant business records at reasonable times and places, upon reasonable advance notice. A copy of the audit report will be provided to all Parties by the Initiating Party within fifteen (15) days of receipt of the audit report.

Right of Audit. The Reclamation Trust Funds Operating Agent will maintain‌ maintain complete and accurate records of all expenses and transactions for which a Party may have cost responsibility under this Mine Reclamation Agreement. Such records will be maintained from the date an expense is billed to a Party hereunder for a period of the longer of: (i) the expiration of the statute of limitations for actions based on contract; or (ii) the date the records may be destroyed under the Reclamation Trust Funds Operating Agent’s document retention policy. Any Party (an “Initiating Party”) may, upon reasonable advance written notice to the Reclamation Trust Funds Operating Agent, conduct an audit of all records, invoices, costs, expenses or liabilities charged to the Initiating Party or for which the Initiating Party has or may have cost responsibility. Parties desiring to perform an audit will cooperate with one another so as to minimize the number of audits and any undue burden upon the Reclamation Trust Funds Operating Agent. Each such audit will be carried out by an auditor of the Initiating Party’s choosing and at the expense of the Initiating Party, except as provided in Section 18.3. The Reclamation Trust Funds Operating Agent will cooperate with the Initiating Party and the Initiating Party’s auditor and will make available its relevant business records at reasonable times and places, upon reasonable advance notice. A copy of the audit report will be provided to all Parties by the Initiating Party within fifteen (15) days of receipt of the audit report.

Right of Audit. The Reclamation Trust Funds Operating Decommissioning Agent will maintain‌ maintain complete and accurate records of all expenses and transactions for which a Party may have cost responsibility under this Mine Reclamation Decommissioning Agreement. Such records will be maintained from the date an expense is billed to a Party hereunder for a period of the longer of: (i) the expiration of the statute of limitations for actions based on contract; or (ii) the date the records may be destroyed under the Reclamation Trust Funds Operating Decommissioning Agent’s document retention policy. Any Party (an “Initiating Party”) may, upon reasonable advance written notice to the Reclamation Trust Funds Operating Decommissioning Agent, conduct an audit of all records, invoices, costs, expenses or liabilities charged to the Initiating Party or for which the Initiating Party has or may have cost responsibility. Parties desiring to perform an audit will cooperate with one another so as to minimize the number of audits and any undue burden upon the Reclamation Trust Funds Operating Decommissioning Agent. Each such audit will be carried out by an auditor of the Initiating Party’s choosing and at the expense of the Initiating Party, except as provided in Section 18.313.3. The Reclamation Trust Funds Operating Decommissioning Agent will cooperate with the Initiating Party and the Initiating Party’s auditor and will make available its relevant business records at reasonable times and places, upon reasonable advance notice. A copy of the audit report will be provided to all Parties by the Initiating Party within fifteen (15) days of receipt of the audit report.report.‌

Right of Audit. The Reclamation Trust Funds Operating Agent will maintain‌ maintain complete and accurate accurate‌ records of all expenses and transactions for which a Party may have cost responsibility under this Mine Reclamation Restructuring Agreement. Such records will be maintained from the date an expense is billed to a Party hereunder for a period of the longer of: (i) the expiration of the statute of limitations for actions based on contract; or (ii) the date the records may be destroyed under the Reclamation Trust Funds Operating Agent’s document retention policy. Any Party (an “Initiating Party”) may, upon reasonable advance written notice to the Reclamation Trust Funds Operating Agent, conduct an audit of all records, invoices, costs, expenses or liabilities Liabilities charged to the Initiating Party or for which the Initiating Party has or may have cost responsibility. Parties desiring to perform an audit will cooperate with one another so as to minimize the number of audits and any undue burden upon the Reclamation Trust Funds Operating Agent. Each such audit will be carried out by an auditor of the Initiating Party’s choosing and at the expense of the Initiating Party, except as provided in Section 18.324.3. The Reclamation Trust Funds Operating Agent will cooperate with the Initiating Party and the Initiating Party’s auditor and will make available its relevant business records at reasonable times and places, upon reasonable advance notice. A copy of the audit report will be provided to all Parties by the Initiating Party within fifteen (15) days of receipt of the audit report.