Common use of Scheduled Audits Clause in Contracts

Scheduled Audits. 13.7.1.1 Starting from the first Operational Year, the Public Partner shall be entitled, at its own discretion and cost and no more than two (2) times per year, to carry out the scheduled audits of performance (including technical) of the Private Partner’s obligations under the Agreement. The scheduled audits may not cover the time period which has already been audited and shall only cover the matters of performance of the Private Partner's obligations under the Agreement. 13.7.1.2 The Public Partner shall determine the dates of the scheduled audits for the subsequent Operational Year no later than twenty two (22) Business Days prior to expiry of the ongoing Operational Year, and shall inform the Private Partner to this effect by sending the written notice on the dates of scheduled audits for the subsequent Operational Year. 13.7.1.3 The Public Partner may engage the representatives of Public Authorities, advisors and other third parties (as the case may be) to carry out the scheduled audits in accordance with the requirements of the Applicable Law. 13.7.1.4 The Public Partner shall, no later than ten (10) Business Days prior to the date of the scheduled audit determined according to Clause 13.7.1.2, provide the Private Partner with the written notification on carrying out the scheduled audit, which shall include at least the period of the scheduled audit (which shall not in any case be more than one (1) month), the list of issues to be audited during the scheduled audit, the list of documents and information to be provided by the Private Partner for the scheduled audit, and the authorized persons of the Public Partner that will be conducting the scheduled audit. 13.7.1.5 The Private Partner shall provide the authorized persons of the Public Partner with proper access to its documents and information indicated in the notification on the scheduled audit set out in Clause 13.7.