Audit Event definition

Audit Event means the making of any reservation in an audit report of a Fund by the auditor of that Fund that is, in the determination of the Calculation Agent, material;
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Audit Event is the receipt by Bank of an audit of Borrower's Collateral satisfactory to Bank (in its sole discretion) in all respects." The Loan Agreement shall be amended by deleting Section 6.3 (L) and (M) thereof and inserting in lieu thereof the following:
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Audit Event means that Ernst & Young LLP shall have withdrawn its audit opinion with respect to any of the annual financial statements audited by such firm and included in the Required Information and a new unqualified audit opinion has not been issued with respect to such financial statements by Ernst & Young LLP or another nationally-recognized independent public accounting firm or any of such audited financial statements shall have been restated in any materially adverse manner.
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Examples of Audit Event in a sentence

  • This Agreement may be terminated at any time prior to the Closing by either Buyer or Seller, by providing written notice to the other Party and the escrow agent, if the Closing shall not have been consummated within sixty (60) days of the date hereof (the “Optional End Date”); provided, however, that the Optional End Date shall be extended by (i) the number of days Seller is impacted by a Force Majeure Event plus (ii) the number of days Seller is impacted by a Third-Party Audit Event.

  • Profile definerer at applikasjonen må være en actor AuditEvent Repository som betyr at applikasjonen må lagre Audit Event og tilby en tjeneste for uthenting.

  • Any STRYKER employees or agents conducting a Manufacturing Audit, Event MA and observational visits, shall be qualified to conduct such audits or visits, shall comply with all SUPPLIER’s facility rules regarding safety and security notified by SUPPLIER to STRYKER and its employees and agents and shall execute a written agreement to maintain in confidence all information obtained during the course of any such audit except for disclosure to STRYKER, such agreement to be negotiated between the Parties.

  • Prior to the Closing (or until the earlier termination of this Agreement in accordance with Section 9.1), each Seller shall promptly notify Buyer if such Seller has Knowledge that an Audit Event has occurred.


More Definitions of Audit Event

Audit Event. It means an action internally detected by the system can generate an audit trail. If an event causes an audit trail is generated [to record audit trail]. This is a "recorded event." Otherwise it is an "event unregistered". The system decides, as each event is detected, if you must generate an audit by the audit preselection algorithm. The set of audit events is based on the security policy of the system.
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