ILS Audit definition

ILS Audit means a labor standards inspection and/or audit of a Facility used to assess whether the Facility complies with the ILS Minimum Compliance Standard, the Code and pertinent Laws.
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Examples of ILS Audit in a sentence

  • The provision of an ILS Audit report by Co-Promotion Partner hereunder with respect to any Facility, regardless of the determination made by Marvel with respect to such ILS Audit, shall not limit Marvel’s right, as set forth above, to conduct or otherwise obtain its own ILS Audit of such Facility.

  • In connection with any ILS Audit conducted by Marvel, Co-Promotion Partner shall promptly confirm use of the Facility hereunder upon request from Marvel.

  • Co-Promotion Partner agrees to comply with all applicable privacy and data protection Laws with regard to its monitoring activities of Facilities and to the submission of information to Marvel regarding Facilities and the ILS Audit reports of such Facilities, including without limitation, Laws pertaining to protection of personally identifiable information and the protection of minors.

  • Marvel may require Co-Promotion Partner to submit such ILS Audit reports prior to, and as a pre-condition of, the use of a Facility and/or at any time prior to the date Co-Promotion Partner notifies Marvel that Co-Promotion Partner has ceased to use such Facility.

  • In accordance with the ILS Program Manual, Co-Promotion Partner shall provide Marvel, at Co-Promotion Partner’s expense, with ILS Audit reports for designated Facilities demonstrating compliance with at least the ILS Minimum Compliance Standard.

  • The determination of whether an ILS Audit indicates compliance with the ILS Minimum Compliance Standard, the Code or applicable Laws shall be a matter within Marvel’s absolute discretion.

  • Marvel may reject any ILS Audit (and thereby withhold or revoke authorization to use a Facility) if Marvel reasonably believes that the ILS Audit was obtained or undermined through fraud, bribery, actual or threats of physical violence or other improper influence.

  • Prior to determining whether or not to grant its consent to use a Facility, Marvel may require (1) Co-Promotion Partner to provide a pre-production ILS Audit of the Facility demonstrating the Facility’s compliance with at least the ILS Minimum Compliance Standard and/or (2) Co-Promotion Partner and/or the Facility to comply with any conditions applicable to the Permitted Sourcing Country in which the Facility is located.

Related to ILS Audit

  • Company’s Auditors means the chartered accountant or firm of chartered accountants duly appointed as auditor or auditors of the Company from time to time;

  • Audit means the examination of a person or the inspection of the books, records, memoranda, or accounts of a person, ordered to appear before the Tax Administrator, for the purpose of determining liability for a municipal income tax.

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Energy audit means a systematic procedure with the purpose of obtaining adequate knowledge of the existing energy consumption profile of a building or group of buildings, an industrial or commercial operation or installation or a private or public service, identifying and quantifying cost-effective energy savings opportunities, and reporting the findings;

  • Independent Auditor has the meaning specified in Section 6.01(a).