Common use of Audit Resolution Process Clause in Contracts

Audit Resolution Process. Within ninety (90) days after the end of audit fieldwork, the Minister shall present to Contractor a report setting out audit exceptions, claims and queries. Contractor shall allow or deny in writing all exceptions, claims and queries set out in the report within ninety (90) days of the presentation of the report (the "Review Period"). All denials shall be accompanied by a detailed statement of Contractor’s reasons and supporting evidence. All exceptions, claims or queries that are not denied within the Review Period will be deemed allowed. The Minister and Contractor shall have up to ninety (90) days from the end of the Review Period to reach final resolution on exceptions, claims and queries which have been denied. If outstanding exceptions, claims and queries are not resolved during this period, either Party may initiate dispute resolution procedures in accordance with Article 33 hereof.

Appears in 6 contracts

Samples: Sharing Contract, Sharing Contract, Sharing Contract

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Audit Resolution Process. Within ninety (90) 90 days after the end of audit fieldwork, the Minister shall present to Contractor a report setting out audit exceptions, claims and queries. Contractor shall allow or deny in writing all exceptions, claims and queries set out in the report within ninety (90) 90 days of the presentation of the report (the "Review Period"). All denials shall be accompanied by a detailed statement of Contractor’s reasons and supporting evidence. All exceptions, claims or queries that are not denied within the Review Period will be deemed allowed. The Minister and Contractor shall have up to ninety (90) days from the end of the Review Period to reach final resolution on exceptions, claims and queries which have been denied. If outstanding exceptions, claims and queries are not resolved during this period, either Party may initiate dispute resolution procedures in accordance with Article 33 hereof.

Appears in 1 contract

Samples: www.energy.gov.tt

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