Audited Party definition

Audited Party means the Party being audited by the Auditing Party.

Audited Party shall have the meaning set forth in Section 5.3(b).

Audited Party has the meaning set forth in Section 7.9.

Examples of Audited Party in a sentence

• Prior to commencing the audit, the accountants shall execute an agreement with the Audited Party in a form reasonably acceptable to the Audited Party that protects the confidentiality of the information disclosed by the Audited Party to the accountants.

• In such a case, the Audited Party must provide written certification of the conflict and the expected resource availability date.

• The Audited Party will provide a formal written response to any findings in an audit within thirty (30) calendar days of receipt of any such findings.

• Audits shall be performed at the Auditing Party’s expense, unless the audit found billing errors or inaccuracies in favor of the Auditing Party, in which case the Audited Party shall reimburse the Auditing Party for its expense in performing said audit.

• The Auditing Party shall be responsible for the auditor’s costs, unless the auditor certifies that there was a variation or error of underpayment or overpayment exceeding [***] percent ([***]%) of the amount stated for any period covered by the inspection, in which case all reasonable costs relating to the inspection for such period shall be borne by the Audited Party.

More Definitions of Audited Party

Audited Party shall have the meaning set forth in Section 8.2(a).

Audited Party has the meaning set forth in Section 3.9 (Records and Audits).

Audited Party has the meaning set forth in Section 9.9(b).

Audited Party shall have the meaning set forth in Section 10.6(b).

Audited Party means the Party that is the subject of an audit by the other Party under Section 6.4.2.

Audited Party is defined in Section 4.03(a)(ii).

Audited Party has the meaning assigned to such term in Section 5.2(1)(ii).