Periodic Audit. Grantor, at any time and at its sole discretion, may conduct an audit of the Project's activities. Such audits are intended to investigate and document that the Project is being carried out in accordance with the approved application, this contract, Grantor's exempt purposes, and all applicable laws. Failure on the part of Grantee to provide full cooperation and adequate documentation in the event of an audit shall be considered a breach of this Agreement.
Periodic Audit. Servicer agrees that, no more than twice per calendar year, and no less than thirty (30) days after receipt of written notice, it shall cooperate with audits by Lender Participant or Program Administrator of the product set-up and conversion Services and communication and other protocols necessary for the efficient and accurate performance thereof. If any audit reveals any failure to adequately perform any such matter, Servicer shall within thirty (30) days of its receipt of the results of such audit, publish a remedial action plan that includes a schedule of tasks and objectives to be completed (each such task or objective, a “Milestone”) and provides for reports to Program Administrator or Lender Participant with respect to each Milestone (“Remedial Action Plan”). Upon completion of the Remedial Action Plan, Program Administrator or Lender Participant may, at a time mutually agreeable to the Parties, perform an additional audit to validate successful completion of the Remedial Action Plan.
Periodic Audit. Motorola will allow Customer to perform an audit of reasonable scope and duration of Motorola operations relevant to the Products and Services purchased under the Agreement, at Customer’s sole expense, for verification of compliance with the technical and organizational measures set forth in Annex II if (i) Motorola notifies Customer of a Security Incident that results in actual compromise to the Products and/or Services purchased; or (ii) if Customer reasonably believes Motorola is not in compliance with its security commitments under this DPA, or (iii) if such audit is legally required by the Data Protection Laws. Any audit must be conducted in accordance with the procedures set forth in Section 11.3 of this DPA and may not be conducted more than one time per year. If any such audit requires access to confidential information of Motorola’s other customers, suppliers or agents, such portion of the audit may only be conducted by Customer’s nationally recognized independent third party auditors in accordance with the procedures set forth in Section 11.3 of this DPA. Unless mandated by GDPR or otherwise mandated by law or court order, no audits are allowed within a data center for security and compliance reasons. Motorola must, in no circumstances, provide Customer with the ability to audit any portion of its software, products, and services which would be reasonably expected to compromise the confidentiality of any third party’s information or Personal Data.
Periodic Audit. Servicer agrees that, no less than twenty (20) days after receipt of written notice, shall cooperate with audits by FMC of the product set-up and conversion Services and communication and other protocols necessary for the efficient and accurate performance thereof. If any audit reveals any failure to adequately perform any such matter, Servicer shall within thirty (30) days of its receipt of the results of such audit, publish a remedial action plan that includes a schedule of tasks and objectives to be completed (each such task or objective, a “Milestone”) and provides for reports to FMC with respect to each Milestone (“Remedial Action Plan”) and provide the same to FMC. Upon completion of the Remedial Action Plan, FMC may, at a time mutually agreeable to the parties, perform an additional audit to validate successful completion of the Remedial Action Plan.
Periodic Audit. 18.2.1. The Contractors agree to have a periodic audit of the BCP performed by an independent auditor beginning Fiscal Year 2019 and every third year thereafter. This schedule may be modified by the E&OC. Audits scheduled for a period longer than three (3) years may not include all supporting documentation, as some records are retained for only three (3) years in accordance with federal document retention policies. The Parties shall mutually agree upon the specific date that periodic audits will commence.
Periodic Audit. 78 ARTICLE 8
Periodic Audit. After the Effective Date, one periodic audit of the Receivables and Inventory may be conducted by Agent or Lenders, in their sole discretion. Based on the results of such audit, Agent expressly reserves the right, in its reasonable discretion and after consultation with the Borrowers, to adjust, (i) the definitions of each of Eligible Receivables and Eligible Inventory and (ii) the percentage of each of Eligible Receivables and Eligible Inventory which shall be included in the Borrowing Base provided, however, in no event shall such percentages be reduced to less than 50% and 30% respectively. Borrowers shall be responsible for the expenses, fees and costs incurred by Agent or Lenders in connection with such audit in an amount not to exceed $15,000.
Periodic Audit. From time to time, and as may be directed by the Member(s), the books and records of the Company shall be audited by Xxxxxx Xxxxxxxx, LLP. SECTION FOUR MEMBERSHIP INTERESTS
Periodic Audit. Servicer agrees that, no less than twenty (20) days after receipt of written notice, shall cooperate with audits by FMC of the product set-up and conversion Services and communication and other protocols necessary for the efficient and accurate performance thereof. If any audit reveals any failure to adequately perform any such matter, Servicer shall within thirty (30) days of its receipt of the results of such audit, publish a remedial action plan that includes a schedule of tasks and objectives to be completed (each such task or objective, a “Milestone”) and provides for reports to FMC with respect to each Milestone (“Remedial Action Plan”) and provide the same to FMC. Upon completion of the Remedial Action Plan, FMC may, at a time mutually agreeable to the parties, perform an additional audit to validate successful completion of the Remedial Action Plan. In any event, if such performance inadequacy is not corrected within ninety (90) days from the date the Servicer receives the audit, Owner may deconvert all Student Loans without payment of any Record Return/Deconversion or Early Termination Fee.
Periodic Audit. 1. For purposes of audit under this Section 6(D), ABDC will maintain records of all transactions under this Agreement (i) for the * during the Term and (ii) for the * immediately prior to the expiration or earlier termination of this Agreement for at least * following such expiration or earlier termination; provided, however, if a dispute exists relating to any earlier periods, ABDC also will maintain records related to such dispute until such dispute is resolved. Longs will have the right to review the relevant records of ABDC pertaining to the business transactions covered under this Agreement for the purpose of verifying ABDC’s compliance with the terms of this Agreement and the following:
