Limits on Auditing Party Clause Samples
The "Limits on Auditing Party" clause defines the restrictions and boundaries placed on a party's right to audit another party's records or operations. Typically, this clause specifies the frequency, scope, and notice requirements for conducting audits, such as limiting audits to once per year or requiring advance written notice. By setting these parameters, the clause helps prevent excessive or disruptive audits, protects sensitive information, and ensures that the audit process remains reasonable and manageable for both parties.
Limits on Auditing Party. Nothing in the Agreement or this DPA will require TD either to disclose to an Auditing Party or Company, or to allow an Auditing Party or Company to access: (i) any data of any other customer of TD; (ii) TD's internal accounting or financial information; (iii) any trade secret of TD; (iv) any premises or equipment not controlled by TD; or (v) any information that, in TD's reasonable opinion, could: (A) compromise the security of TD’s systems or premises; (B) cause TD to breach its obligations under Data Protection Legislation or the rights of any third party, or (C) any information that an Auditing Party seeks to access for any reason other than the good faith fulfillment of Company's obligations under Data Protection Legislation. Company shall contractually impose, and designate TD as a third-party beneficiary of, contractual terms that prohibit any Auditing Party from disclosing the existence, nature, or results of any audit to any party other than Company or TD unless such disclosure is required by applicable law.
Limits on Auditing Party. Nothing in this DPA will require Vortexa to disclose to an independent auditor or Customer, or to allow an independent auditor or Customer to access: (a) any data of any other user or customer of Vortexa; (b) Vortexa's internal accounting or financial information; (c) any trade secret of Vortexa; (d) any premises or equipment not controlled by Vortexa; or (e) any information that, in Vortexa's reasonable opinion, could: (i) compromise the security of Vortexa’s systems or premises; (ii) cause Vortexa to breach its obligations under Data Protection Legislation or the rights of any third-party; or (iii) any information that an independent auditor seeks to access for any reason other than the good faith fulfilment of Customer's rights under the Data Protection Legislation. Customer will contractually impose, and designate Vortexa as a third-party beneficiary of, any contractual terms that prohibit any independent auditor from disclosing the existence, nature, or results of any audit to any party other than Customer unless such disclosure is required by applicable law.