Audit Rights Records Retention Sample Clauses

Audit Rights Records Retention. 47 22.1 AUDITS (PROCESSING) ................................................. 47 22.2
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Audit Rights Records Retention. 22.1 AUDITS (PROCESSING). Upon notice from Customer, Supplier shall grant to such auditors and inspectors as Customer may designate in writing, with access to any of Supplier's sites or facilities used in the provision of the Products or Services (including, but not limited to, any Supplier Equipment) for the purposes of performing audits or inspections of the Customer's financial statements. Supplier shall provide such auditors and inspectors any assistance that they may reasonably require. If any audit by an auditor designated by Customer or a regulatory authority results in Supplier being notified that it is not in compliance with any law, regulation, audit requirement or generally accepted accounting principle relating to Supplier's performance hereunder, Supplier shall take actions to comply with such audit.
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Audit Rights Records Retention. University shall have the right (exercisable upon reasonable notice to Pepsi, or its agents or assignees, as the case may be) to inspect and photocopy or otherwise reproduce the accounting books and records relating to the performance of this Agreement by Pepsi. Pepsi shall make available such books and records to University or its representatives (including legal or accounting advisors) during normal business hours at Pepsi's principal place of business, provided that such audits do not cause disruption to Pepsi's operations. For a period of seven (7)) years commencing on the date of termination of this Agreement, Pepsi shall retain all summary accounting records and books of account related to this Agreement. Pepsi shall retain all records relating to any litigation or claim arising out of the performance of this Agreement, or to costs and expenses of this Agreement to which exception has been taken as a result of audit and/or inspection, until such litigation, claim or exception has been resolved.
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Audit Rights Records Retention 
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Related to Audit Rights Records Retention

  • Records Retention The Asset Representations Reviewer will maintain copies of Review Materials, Review Reports and internal work papers and correspondence (collectively the “Client Records”) for a period of two years after the termination of this Agreement. At the expiration of the retention period, the Asset Representations Reviewer shall return all Client Records to the Servicer, in electronic format or, to the extent held in tangible form, in that form. Upon the return of the Client Records, the Asset Representations Reviewer shall have no obligation to retain such Client Records or to respond to inquiries concerning any Asset Review.

  • Audit Rights The Recipient shall, at all reasonable times, provide the Director access to a right to inspect all sites and facilities involved in the Project and access to and a right to examine or audit any and all books, documents and records, financial or otherwise, relating to the Project or to ensure compliance with the provisions of this Agreement. The Recipient shall maintain all such books, documents and records for a period of three (3) years after the termination of this Agreement, and such shall be kept in a common file to facilitate audits and inspections. All disbursements made pursuant to the terms of this Agreement shall be subject to all audit requirements applicable to State funds. The Recipient shall ensure that a copy of any final report of audit prepared in connection with and specific to the Project, regardless of whether the report was prepared during the pendency of the Project or following its completion, is provided to the Director within ten (10) days of the issuance of the report. The Recipient simultaneously shall provide the Director with its detailed responses to each and every negative or adverse finding pertaining to the Project and contained in the report. Such responses shall indicate what steps will be taken by the Recipient in remedying or otherwise satisfactorily resolving each problem identified by any such finding. If the Recipient fails to comply with the requirements of this Section or fails to institute steps designated to remedy or otherwise satisfactorily resolve problems identified by negative audit findings, the Director may bar the Recipient from receiving further financial assistance under Chapter 164 of the Revised Code until the Recipient so complies or until the Recipient satisfactorily resolves such findings.

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