ACCOUNTING/AUDIT. 11.1 The Organization will:
ACCOUNTING/AUDIT. A. Grantee shall maintain proper accounting records in accordance with generally accepted accounting principles. All financial documents and transactions associated with this grant shall be available to the City for inspection, copying, and audit purposes during regular business hours.
ACCOUNTING/AUDIT. Each Party agrees to keep full, clear, and accurate records in accordance with U.S. GAAP, consistently applied, for a period of at least [***] after the relevant payment is owed pursuant to this Agreement, setting forth Research Costs (including Eligible Co-Co Research Costs, RT Excess Costs, DT Moderna Excess Costs), Development Costs (including Eligible Development Costs), Medical Affairs Costs (including Eligible Medical Affairs Costs) Manufacturing Costs, Commercialization Costs, Other Operating Expenses, royalties, sales of the Products, and other amounts payable to the other Party hereunder in sufficient detail to enable amounts owed or payable to the other Party hereunder to be determined. Each Party further agrees to permit its books and records to be examined by an independent accounting firm selected by the other Party and reasonably acceptable to the audited Party to verify the accuracy of any of the foregoing; provided that such independent accounting firm is subject to written obligations of confidentiality and non-use applicable to each Party’s Confidential Information that are at least as stringent as those set forth described in Article 11 (Confidentiality). Such audit shall not be (a) performed more frequently than [***], (b) conducted for any Calendar Year more than [***] after the end of such year, or (c) repeated for any Calendar Year or with respect to the same set of records (unless a discrepancy with respect to such records is discovered during a prior audit). Such examination is to be made at the expense of the auditing Party, except in the event that the results of the audit reveal an underpayment or overcharge by the audited Party of [***] or more during the period being audited, in which case reasonable audit fees for such examination shall be paid by the audited Party. The underpaid Party shall be entitled to recover any shortfall in payments as determined by such audit, plus interest thereon, calculated in accordance with Section 7.15 (Default Interest). If such examination of records reveals any overpayment by a Party, then the other Party shall credit the amount overpaid against future amounts due to the other Party by the overpaying Party.
ACCOUNTING/AUDIT. 8.7.1 Each Party (the “Payor”) agrees to keep, and to require its Affiliates and Sublicensees to keep, full, clear and accurate records for a minimum period of [...***...] after the relevant payment is owed pursuant to this Agreement, setting forth as applicable the sales and other disposition of Collaboration Products sold or otherwise disposed of, the Development and Commercialization activities with respect to Collaboration Products, and the Development Costs incurred therewith, in sufficient detail to enable royalties and compensation payable to, or the Development Costs payable by, the other Party (the “Payee”) hereunder to be determined.
ACCOUNTING/AUDIT. 15 EXHIBIT 10.52 SECTION THREE...............................................................16
ACCOUNTING/AUDIT. Contractor shall keep, and require any subcontractor to keep, a complete set of records showing actual reimbursable costs in connection with the Work. In compliance with the foregoing, Contractor will follow instructions which may be given by Owner:
ACCOUNTING/AUDIT. The Joint Venture Company shall employ an independent and dependable accounting firm that is registered and operated in China, and the employment of the firm must be approved by the BOD committee. The employed accounting firm shall perform an audit on annual financial statement and half year financial statement of the Joint Venture Company and submit financial audit report to the BOD committee and CEO.
ACCOUNTING/AUDIT. Supplier shall establish a reasonable accounting system and PeopleNet shall have the right to audit Supplier's records at any time prior to two years after final payment to verify payment obligation. Supplier agrees not to supply personnel or submit time sheets or any other payable document against an expired Purchase Order for either time or money. The total fee payable to Supplier for all contract services and expenses requested and provided under this agreement shall not exceed the amount specified on PeopleNet's Purchase Order, and Supplier shall not perform contract services or incur any expenses that cause the aggregate amount payable under this agreement to exceed such Purchase Order specification amount without a written modification of the Purchase Order. Supplier agrees that their accounting system is also subject to a Customer audit for the same period and for the same purpose.
ACCOUNTING/AUDIT a. iFanz Recordz will compute the amounts payable to L/A/AR pursuant to Section 5, above, for the immediately preceding month within fourteen (14) days of receipt from the Service/s. iFanz Recordz will produce and store to L/A/AR a monthly statement, either electronically or in hard copy, in a form consistent with iFanz s’ standard business practices, together with payment, if due, in the amount then due and owing if above $100.
ACCOUNTING/AUDIT. 1. Manager shall provide a certified annual audit for the Enterprise to be conducted by a certified public accounting firm to be recommended by Manager and agreed upon by Owner. Such accounting firm shall be of national or regional stature and reputation with experience in Class III gaming. A copy of the audit and accompanying documents shall be provided to both Owner and Manager immediately upon completion. The cost of the audit shall be an operating expense.
