Common use of AUDITS OF COMPLIANCE Clause in Contracts

AUDITS OF COMPLIANCE. RECOLORADO may, or at its option may engage an independent third party to, review, inspect, and test the books, records, equipment, and facilities of PARTICIPANT to the extent reasonably necessary to ascertain PARTICIPANT’s compliance with the Agreement (an “Audit”). RECOLORADO may conduct an Audit upon any notice reasonable under the circumstances. Audit activities may include, without limitation, obtaining full access to PARTICIPANT’s VOW, web sites and systems to ensure that MLS Content is displayed in accordance with the REcolorado Policies; using all features available to end-users of PARTICIPANT’s systems that employ the MLS Content; and posing as consumers to register and test services PARTICIPANT makes available to consumers using the MLS Content. RECOLORADO shall pay the costs of such Audit, however PARTICIPANT shall be liable for and shall reimburse RECOLORADO for all costs of any Audit that discovers or reveals any breach of the Agreement by PARTICIPANT.

AUDITS OF COMPLIANCE. RECOLORADO may, or at its option may engage an independent third party to, review, inspect, and test the books, records, equipment, and facilities of PARTICIPANT to the extent reasonably necessary to ascertain PARTICIPANT’s compliance with the Agreement (an “Audit”). RECOLORADO may conduct an Audit upon any notice reasonable under the circumstances. Audit activities may include, without limitation, obtaining full access to PARTICIPANT’s VOW, web sites and systems to ensure that MLS Content is displayed in accordance with the REcolorado RECOLORADO Policies; using all features available to end-users end‐users of PARTICIPANT’s systems that employ the MLS Content; and posing as consumers to register and test services PARTICIPANT makes available to consumers using the MLS Content. RECOLORADO shall pay the costs of such Audit, however PARTICIPANT shall be liable for and shall reimburse RECOLORADO for all costs of any Audit that discovers or reveals any breach of the Agreement by PARTICIPANT.

AUDITS OF COMPLIANCE. RECOLORADO may, or at its option may engage an independent third party to, review, inspect, and test the books, records, equipment, and facilities of PARTICIPANT to the extent reasonably necessary to ascertain PARTICIPANT’s compliance with the Agreement (an “Audit”). RECOLORADO may conduct an Audit upon any notice reasonable under the circumstances. Audit activities may include, without limitation, obtaining full access to PARTICIPANT’s VOW, web sites and systems to ensure that MLS Content is displayed in accordance with the REcolorado RECOLORADO Policies; using all features available to end-users of PARTICIPANT’s systems that employ the MLS Content; and posing as consumers to register and test services PARTICIPANT makes available to consumers using the MLS Content. RECOLORADO shall pay the costs of such Audit, however PARTICIPANT shall be liable for and shall reimburse RECOLORADO for all costs of any Audit that discovers or reveals any breach of the Agreement by PARTICIPANT.