Common use of Record Keeping and Audit Rights Clause in Contracts

Record Keeping and Audit Rights. Supplier will maintain (and subject to applicable law provide to INTESA upon request) relevant business, technical and accounting records i) to support Supplier's invoices; ii) show proof of required permits and professional licenses and iii) to demonstrate compliance with Supplier's performance of its obligations under the Agreement, for not less than six (6) years following completion or termination of the relevant Services. All accounting records will be maintained in accordance with generally accepted accounting principles. Upon INTESA’s notice, INTESA may, at no charge to INTESA, audit Supplier's compliance with its obligations under the Agreement, including verifying compliance with applicable laws and the protection and integrity of INTESA Materials. In connection with an audit, Supplier shall provide INTESA (including its auditors and any regulators) access at reasonable times (or in the case of regulators, at any time designated by such regulators), to any facility at which Supplier or any Subcontractor is providing or has provided Services or Deliverables under the Agreement and to all systems, data and business, technical and accounting records relating to Supplier’s (and any Subcontractor’s) compliance with its obligations. Supplier shall provide its full cooperation in any such audit, including by designating a focal point to support an audit and, if required by INTESA, promptly securing the rights for INTESA to directly request from any Subcontractor, and for the Subcontractor to promptly provide to INTESA, access to such systems, data and records relating to the work performed by such Subcontractors.

Appears in 2 contracts

Samples: www.intesa.it, www.intesa.it

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Record Keeping and Audit Rights. Supplier will maintain (and subject to applicable law provide to INTESA Buyer upon request) relevant business, technical and accounting records i) to support Supplier's invoices; ii) show proof of required permits and professional licenses and iii) to demonstrate compliance with Supplier's performance of its obligations under the Agreementthis PO, for not less than six (6) years following completion or termination of the relevant Servicesservices. All accounting records will be maintained in accordance with generally accepted accounting principles. Upon INTESABuyer’s notice, INTESA Buyer may, at no charge to INTESABuyer, audit Supplier's compliance with its obligations under the Agreementthis PO, including verifying compliance with applicable laws and the protection and integrity of INTESA Buyer Materials. In connection with an audit, Supplier shall provide INTESA Buyer (including its auditors and any regulators) access at reasonable times (or in the case of regulators, at any time designated by such regulators), to any facility at which Supplier or any Subcontractor subcontractor is providing or has provided Services services or Deliverables deliverables under the Agreement this PO and to all systems, data and business, technical and accounting records relating to Supplier’s (and any Subcontractorsubcontractor’s) compliance with its obligations. Supplier shall provide its full cooperation in any such audit, including by designating a focal point to support an audit and, if required by INTESABuyer, promptly securing the rights for INTESA Buyer to directly request from any Subcontractorsubcontractor, and for the Subcontractor subcontractor to promptly provide to INTESABuyer, access to such systems, data and records relating to the work performed by such Subcontractorssubcontractors.

Appears in 2 contracts

Samples: www.kyndryl.com, www.kyndryl.com

Record Keeping and Audit Rights. Supplier will maintain (and subject to applicable law provide to INTESA upon request) relevant business, technical and accounting records i) to support Supplier's invoices; ii) show proof of required permits and professional licenses and iii) to demonstrate compliance with Supplier's performance of its obligations under the this Agreement, for not less than six (6) years following completion or termination of the relevant Services. All accounting records will be maintained in accordance with generally accepted accounting principles. Upon INTESA’s notice, INTESA may, at no charge to INTESA, audit Supplier's compliance with its obligations under the this Agreement, including verifying compliance with applicable laws and the protection and integrity of INTESA Materials. In connection with an audit, Supplier shall provide INTESA (including its auditors and any regulators) access at reasonable times (or in the case of regulators, at any time designated by such regulators), to any facility at which Supplier or any Subcontractor is providing or has provided Services or Deliverables under the this Agreement and to all systems, data and business, technical and accounting records relating to Supplier’s (and any Subcontractor’s) compliance with its obligations. Supplier shall provide its full cooperation in any such audit, including by designating a focal point to support an audit and, if required by INTESA, promptly securing the rights for INTESA to directly request from any Subcontractor, and for the Subcontractor to promptly provide to INTESA, access to such systems, data and records relating to the work performed by such Subcontractors.

Appears in 1 contract

Samples: General Terms and Conditions

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Record Keeping and Audit Rights. Supplier will maintain (and subject to applicable law provide to INTESA Buyer upon request) relevant business, technical and accounting records i) to support Supplier's invoices; ii) show proof of required permits and professional licenses and iii) to demonstrate compliance with Supplier's performance of its obligations under the Agreementthis PO, for not less than six (6) years following completion or termination of the relevant Servicesservices. All accounting records will be maintained in accordance with generally accepted accounting principles. Upon INTESABuyer’s notice, INTESA Buyer may, at no charge to INTESABuyer, audit Supplier's compliance with its obligations under the Agreementthis PO, including verifying compliance with applicable laws and the protection and integrity of INTESA MaterialsBuyer materials. In connection with an audit, Supplier shall provide INTESA Buyer (including its auditors and any regulators) access at reasonable times (or in the case of regulators, at any time designated by such regulators), to any facility at which Supplier or any Subcontractor subcontractor is providing or has provided Services services or Deliverables deliverables under the Agreement this PO and to all systems, data and business, technical and accounting records relating to Supplier’s (and any Subcontractorsubcontractor’s) compliance with its obligations. Supplier shall provide its full cooperation in any such audit, including by designating a focal point to support an audit and, if required by INTESABuyer, promptly securing the rights for INTESA Buyer to directly request from any Subcontractorsubcontractor, and for the Subcontractor subcontractor to promptly provide to INTESABuyer, access to such systems, data and records relating to the work performed by such Subcontractorssubcontractors.

Appears in 1 contract

Samples: www.kyndryl.com

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