Common use of Fees Audits Clause in Contracts

Fees Audits. Upon notice from D▇▇▇, Service Provider will provide D▇▇▇ and D▇▇▇ Agents with access to such financial records and supporting documentation as may be requested by D▇▇▇. D▇▇▇ and D▇▇▇ Agents may audit the Fees charged to D▇▇▇ to determine if such Fees are accurate and in accordance with this Agreement. (A) If, as a result of such audit, D▇▇▇ determines that Service Provider has overcharged D▇▇▇, ▇▇▇▇ will notify Service Provider of the amount of such overcharge and unless Service Provider disputes the amount in accordance with the dispute resolution process set forth in Schedule 4 (Governance), Service Provider will promptly pay to D▇▇▇ the amount of the overcharge, plus Interest calculated from the date of receipt by Service Provider of the overcharged amount until the date of payment to D▇▇▇. (B) In addition, if any such audit reveals an overcharge to D▇▇▇ of five percent or more during the period audited and Service Provider does not successfully dispute the amount revealed by such audit in accordance with the dispute resolution process set forth in Schedule 4 (Governance), Service Provider will, at Dana’s option, issue to D▇▇▇ a credit against the Fees, or reimburse D▇▇▇, for the actual and reasonable cost of such audit.

Appears in 1 contract

Sources: Master Services Agreement (Dana Corp)

Fees Audits. Upon notice from D▇▇▇, Service Provider will provide D▇▇▇ and D▇▇▇ Agents with access to such financial records and supporting documentation as may be requested by D▇▇▇. D▇▇▇ and D▇▇▇ Agents may audit the Fees charged to D▇▇▇ to determine if such Fees are accurate and in accordance with this Agreement. (A) If, as a result of such audit, D▇▇▇ determines that Service Provider has overcharged D▇▇▇, ▇▇▇▇ will notify Service Provider of the amount of such overcharge and unless Service Provider disputes the amount in accordance with the dispute resolution process set forth in Schedule 4 (Governance), Service Provider will promptly pay to D▇▇▇ the amount of the overcharge, plus Interest calculated from the date of receipt by Service Provider of the overcharged amount until the date of payment to D▇▇▇. (B) In addition, if any such audit reveals an overcharge to D▇▇▇ of five percent or more during the period audited and Service Provider does not successfully dispute the amount revealed by such audit in accordance with the dispute resolution process set forth in Schedule 4 (Governance), Service Provider will, at Dana’s 's option, issue to D▇▇▇ a credit against the Fees, or reimburse D▇▇▇, for the actual and reasonable cost of such audit.

Appears in 1 contract

Sources: Master Services Agreement (Dana Corp)