Subsequent Discovery of Facts Sample Clauses

Subsequent Discovery of Facts. After the date of PM’s report on the financial statements, PM has no obligation to make any further or continuing inquiry or perform any other auditing procedures with respect to the audited financial statements covered by PM’s report, unless new information that may affect the report comes to PM’s attention. If PM becomes aware of information that relates to these financial statements but was not known to PM at the date of its report, and that is of such a nature and from such a source that PM would have investigated it had it come to PM’s attention during the course of the audit, PM will, as soon as practicable, undertake to determine whether the information is reliable and whether the facts existed at the date of PM’s report. In this connection, PM will discuss the matter with Client and request cooperation in whatever investigation and modification of the financial statements that may be necessary. Additional fees for such work will be determined based on the actual time that PM staff expend at PM’s current hourly rates, plus all reasonable and necessary travel and out-of-pocket costs incurred, and Client acknowledges and agrees that payment for all such additional fees will be made in accordance with the payment terms provided in this Agreement.
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Subsequent Discovery of Facts. In connection with this Release and Covenant Not to Sue, the Class Representative and the Class Members acknowledge that they are aware that they may hereafter discover facts, actions, claims and causes of action, presently unknown or unsuspected, or facts in addition to or different from those which they now know or believe to be true with respect to the matters released herein. Nevertheless, it is the purpose of this Settlement Agreement and the intention of the Class Representative and Class Members to settle and release such matters, and all actions, causes, causes of action and claims relating thereto, which exist, or might have existed (whether or not previously or currently asserted in any action) and the Release and Covenant Not to Sue shall remain in full force and effect despite any discovery by the Class Representative or Class Members of new or additional facts, actions, claims and/or causes of action.
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Related to Subsequent Discovery of Facts

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