Common use of Qualification Audit Clause in Contracts

Qualification Audit. Prior to start of business with ▇▇▇▇▇, if requested by Buyer, Seller will participate in a Qualification Audit (“Audit”). The Audit will include an on-site review of Seller's facilities by member(s) of ▇▇▇▇▇’s and ▇▇▇▇▇’s customer’s organizations. If there is a determination that an unsatisfactory condition exists with respect to any matter covered by the Audit, then Seller will receive written notice of the condition and, within fourteen (14) days upon receipt of such notice, will provide Buyer with a written corrective action plan reasonably satisfactory to Buyer. The parties agree that if Seller fails to timely provide or implement an acceptable corrective action plan to the reasonable satisfaction of Buyer, then Buyer may rescind or terminate the Agreement for cause pursuant to Section 13.2.2.

Qualification Audit. Prior to start of business with ▇▇▇▇▇, if requested by Buyer, Seller will participate in a Qualification Audit (“Audit”). The Audit will include an on-site review of Seller's facilities by member(s) of ▇▇▇▇▇’s and ▇▇▇▇▇’s customer’s organizations. If there is a determination that an unsatisfactory condition exists with respect to any matter covered by the Audit, then Seller will receive written notice of the condition and, within fourteen (14) days upon receipt of such notice, will provide Buyer with a written corrective action plan reasonably satisfactory to Buyer. The parties agree that if Seller fails to timely provide or implement an acceptable corrective action plan to the reasonable satisfaction of Buyer, then Buyer may rescind or terminate the Agreement for cause pursuant to Section 13.2.213.1.2.

Qualification Audit. Prior to start of business with Buyer, if requested by ▇▇▇▇▇, if requested by Buyer, Seller will participate in a Qualification Audit (“"Audit”"). The Audit will include an on-site review of Seller's facilities by member(s) of ▇▇▇▇▇’s 's and ▇▇▇▇▇’s 's customer’s 's organizations. If there is a determination that an unsatisfactory condition exists with respect to any matter covered by the Audit, then Seller will receive written notice of the condition and, within fourteen (14) days upon receipt of such notice, will provide Buyer with a written corrective action plan reasonably satisfactory to Buyer. The parties agree that if Seller fails to timely provide or implement an acceptable corrective action plan to the reasonable satisfaction of Buyer, then Buyer may rescind or terminate the Agreement for cause pursuant to Section 13.2.2.