Frequency and Scope. During the Term of this Agreement (but not more frequently than once during any twelve-month period), and for a period of one (1) year thereafter, A&P or A&P’s duly authorized auditor or agent shall have the right at any time to audit and review the Books and Records. The scope of the audit shall encompass no more than the prior 12-month period, except in the event that the auditor determines reasonably that there is a specifically identified irregularity that requires further inspection, in which case the audit shall be permitted to look back an additional twelve (12) months but solely with respect to the identified irregularity.
Appears in 2 contracts
Sources: Supply, Distribution and Related Services Agreement (Great Atlantic & Pacific Tea Co Inc), Supply, Distribution and Related Services Agreement (Great Atlantic & Pacific Tea Co Inc)