Common use of REPORTING & AUDIT Clause in Contracts

REPORTING & AUDIT. Orbitz will create and maintain accurate records with respect to its performance under this Agreement. Orbitz will maintain such records during the Term and for seven (7) years following any expiration or termination of this Agreement. Within five (5) days following the end of each applicable month, Orbitz will provide Airline with written reports of such information. Airline will have the right, upon not less than five (5) days prior notice, to conduct an audit of the information included in such monthly reports. If such an audit reveals that any of Orbitz's reports submitted overstated amounts owed by Airline, then Orbitz shall pay to Airline, within thirty (30) days following the conclusion of such audit, the amount of any such overpayments.