Common use of Record Keeping and Inspections Clause in Contracts

Record Keeping and Inspections. a. The Service Provider shall keep records in accordance with good industry standards and sector regulations. b. The Service Provider shall use or create registers, books and records and other means of recording information in the quality and quantity required for facilitating efficient manage- ment and supervision of this Agreement, for providing information to the Licensee and for informing Customers and third parties about service quality and performance. c. The Service Provider shall establish and maintain suitable and complete accounting and non-accounting records that summarize technical, commercial, financial and personnel information. All registers, books, records and other recorded information shall be in Eng- ish d. To ensure that the Service Provider delivers the Services, maintains the Facilities and otherwise complies with this SPA and with good industry standards and sector regula- tions, the Licensee shall monitor the Services, Facilities, Provider’s operations and per- formance and the Regulatory Board shall from time to time inspect the compliance to the good industry standards and sector regulations. e. The Service Provider shall cooperate with the Licensee and the Regulatory Board to allow effective monitoring and inspection. The Service Provider shall allow the Licensee and the Regulatory Board including its duly authorized officers, agents and auditors, free access to its records, documents, drawings and staff at any time for the purpose of verifying the accuracy of information provided by the Service Provider. f. The Service Provider shall respond to requests for information within two (2) weeks or within the time specified by the request. If the Service Provider fails to provide the neces- sary information and fails to ensures adequate record keeping or damages the records, the Service Provider shall be liable to compensate the Licensee for any losses suffered. g. The Licensee and the Regulatory Board shall have the right to conduct technical and financial audits at any time. Clause 15

Appears in 1 contract

Sources: Service Provision Agreement

Record Keeping and Inspections. a. a) The Service Provider shall keep records in accordance with good industry standards and sector regulations. b. . The Service Provider shall use or create registers, books and records and other means of recording information in the quality and quantity required for facilitating efficient manage- ment facilitat-ng effi cient management and supervision of this Agreement, for providing information to the Licensee and for informing Customers and third parties about service quality and performance. c. b) The Service Provider shall establish and maintain suitable and complete accounting and non-accounting records that summarize technical, commercial, financial fi nancial and personnel informationnformation. All registers, books, records and other recorded information shall be in Eng- Eng-ish. d. c) To ensure that the Service Provider delivers the Services, maintains the Facilities and otherwise complies with this SPA and with good industry standards and sector regula- regula-tions, the Licensee shall monitor the Services, Facilities, Provider’s operations and per- per-formance and the Regulatory Board shall from time to time inspect the compliance to the good industry standards and sector regulations. e. d) The Service Provider shall cooperate with the Licensee and the Regulatory Board to allow effective monitoring and inspection. The Service Provider shall allow the Licensee and the Regulatory Board including its duly authorized officersoffi cers, agents and auditors, free access ac-cess to its records, documents, drawings and staff at any time for the purpose of verifying the accuracy of information provided by the Service Provider. f. e) The Service Provider shall respond to requests for information within two (2) weeks or within the time specified specifi ed by the request. If the Service Provider fails to provide the neces- neces-sary information and fails to ensures adequate record keeping or damages the records, the Service Provider shall be liable to compensate the Licensee for any losses suffered. g. f) The Licensee and the Regulatory Board shall have the right to conduct technical and financial fi nancial audits at any time. Clause 1513 Default and Force Majeure 13.1 Notification of Default and Cure Plan f a default occurs, the party not in default may, in addition to any other remedies it has, give the defaulting party a Default Notice by indicating that it requires the defaulting party to provide to t a written Cure Plan which specifi es the reason the default occurred, how the defaulting party ntends to remedy the default and the time that the defaulting party will require to remedy the default including additional information on such matters as the party not in default requires. A reasonable time shall be set by which the defaulting party must provide the Cure Plan. Both par-ties shall agree on the Cure Plan and if no Agreement can be reached, the parties shall refer the matter to the Regulatory Board for a resolution. 13.2 Failure to Cure f the default has not been cured or remedied as agreed in the Cure Plan, or the defaulting party does not submit an acceptable Cure Plan or does not implement any cure plan diligently, the party not in default may, without prejudice to any of its other rights with respect to the default, terminate this SPA with the prior consent written of the Regulatory Board. 13.3 Damages f the Service Provider fails to provide the Services or otherwise to comply with this SPA, then to the extent that the failure does not result from an unavailability of the Facilities or other fault of the Licensee, the Provider shall be liable to compensate the Licensee for losses suffered by the Licensee as a result of the Provider’s failure.

Appears in 1 contract

Sources: Service Provision Agreement

Record Keeping and Inspections. a. The Service Provider shall keep records in accordance with good industry standards and sector regulations. b. The Service Provider shall use or create registers, books and records and other means of recording information in the quality and quantity required for facilitating efficient manage- effi cient manage-ment and supervision of this Agreement, for providing information to the Licensee and for informing nforming Customers and third parties about service quality and performance. c. The Service Provider shall establish and maintain suitable and complete accounting and non-accounting records that summarize technical, commercial, financial fi nancial and personnel informationnformation. All registers, books, records and other recorded information shall be in Eng- Eng-ish. d. To ensure that the Service Provider delivers the Services, maintains the Facilities and otherwise complies with this SPA and with good industry standards and sector regula- regula-tions, the Licensee shall monitor the Services, Facilities, Provider’s operations and per- per-formance and the Regulatory Board shall from time to time inspect the compliance to the good industry standards and sector regulations. e. The Service Provider shall cooperate with the Licensee and the Regulatory Board to allow effective monitoring and inspection. The Service Provider shall allow the Licensee and the Regulatory Board including its duly authorized officersoffi cers, agents and auditors, free access to its records, documents, drawings and staff at any time for the purpose of verifying the accuracy of information provided by the Service Provider. f. The Service Provider shall respond to requests for information within two (2) weeks or within the time specified specifi ed by the request. If the Service Provider fails to provide the neces- neces-sary information and fails to ensures adequate record keeping or damages the records, the Service Provider shall be liable to compensate the Licensee for any losses suffered. g. The Licensee and the Regulatory Board shall have the right to conduct technical and financial fi nancial audits at any time. Clause 15

Appears in 1 contract

Sources: Service Provision Agreement