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, including without limitation the number and substance of all Transactions and the calculation of the Monthly System Availability. Orbitz will maintain such records during the Term and for one year following any expiration or termination of this Agreement. Within five days following the end of each applicable month, Orbitz provide AA with written reports of such information, which reports will be in such detail as may be reasonably requested by AA from time to time, including without limitation detail as to the number and substance of all Transactions (with a breakdown of new PNRs and modified PNRs) and Monthly System Availability. AA will have the right, upon not less than five days prior notice, to conduct an audit of the Transaction information included in such monthly reports. If such an audit reveals that any of Orbitz's reports submitted overstated amounts owed by AA, then Orbitz shall pay to AA, within 30 days following the conclusion of such audit, the amount of any such overpayments.