Common use of Audit and Examination Clause in Contracts

Audit and Examination. The Company or any Member whose Sharing Ratio is at least 25%, after thirty (30) days’ notice in writing to the Operator, shall have the right during normal business hours to audit or examine, at the expense of the party requesting the audit, all books and records maintained by the Operator, as well as the relevant books of account of the Operator’s contractors, relating to the Operation of the Facilities; provided, however, that the total number of full audits commenced in any Year pursuant to this Section 5.5 shall not exceed two. Such right shall include the right to meet with the Operator’s internal and independent auditors to discuss matters relevant to the audit or examination. The Company shall have two Years after the close of a Year in which to make an audit of the Operator’s records for such Year; provided, however, that any audits relating to construction costs may be made up to two Years after the in-service date of the Facilities (not including any Modifications) or after the date that construction of the Modification in question was completed, as certified in writing by the Operator, in the case of a Modification.

Audit and Examination. The Company or any Member whose Sharing Ratio is at least 25%Member, after thirty (30) days’ Days' notice in writing to the Operator, shall have the right during normal business hours to audit or examine, at the expense of the party Company or the requesting Member as the auditcase may be, all books and records maintained by the Operator, as well as the relevant books of account of the Operator’s 's contractors, relating to the Operation of the Combined Facilities; provided, however, that the total number of full audits commenced in any Year pursuant to this Section 5.5 shall not exceed two. Such right shall include the right to meet with the Operator’s 's internal and independent auditors to discuss matters relevant to the audit or examination. The Company shall have two Years after the close of a Year in which to make an audit of the Operator’s 's records for such Year; provided, however, that any audits relating to construction costs may be made up to two Years twenty four (24) Months after the in-service date of the New Facilities (not including any Modifications) or after the date that construction of the Modification in question was completed, as certified in writing by the Operator, in the case of a Modification.

Audit and Examination. The Company or any Member whose Sharing Ratio is at least 25%Member, after thirty (30) days’ ' notice in writing to the Operator, shall have the right during normal business hours to audit or examine, at the expense of the party Company or the requesting Member, as the auditcase may be, all books and records maintained by the Operator, as well as the relevant books of account of the Operator’s 's contractors, relating to the Operation of the Facilities; provided, however, that the total number of full audits commenced in any Year pursuant to this Section 5.5 shall not exceed two. Such right shall include the right to meet with the Operator’s 's internal and independent auditors to discuss matters relevant to the audit or examination. The Company shall have two Years after the close of a Year in which to make an audit of the Operator’s 's records for such Year; provided, however, that any audits relating to construction costs may be made up to two Years twenty four (24) Months after the in-service date of the Facilities (not including any Modifications) or after the date that construction of the Modification in question was completed, as certified in writing by the Operator, in the case of a Modification.

Audit and Examination. The Company or any Member whose Sharing Ratio is at least 25%Member, after thirty (30) days’ Days' notice in writing to the Operator, shall have the right during normal business hours to audit or examine, at the expense of the party Company or the requesting Member as the auditcase may be, all books and records maintained by the Operator, as well as the relevant books of account of the Operator’s 's contractors, relating to the Operation of the Facilities; provided, however, that the total number of full audits commenced in any Year pursuant to this Section 5.5 shall not exceed two. Such right shall include the right to meet with the Operator’s 's internal and independent auditors to discuss matters relevant rele vant to the audit or examination. The Company shall have two Years after the close of a Year in which to make an audit of the Operator’s 's records for such Year; provided, however, that any audits relating to construction costs may be made up to two Years twenty four (24) Months after the in-service date of the Facilities (not including any Modifications) or after the date that construction of the Modification in question was completed, as certified in writing by the Operator, in the case of a Modification.