Common use of Audits and Reviews Clause in Contracts

Audits and Reviews. Merchant authorizes Bank and NMS to audit Merchant’s records, systems, processes or procedures to confirm compliance with this Agreement, as amended from time to time. Merchants processing dollar volumes in excess of $100,000 per month will cooperate with Bank and NMS in performing annual financial reviews by presenting up-to-date financial statements, tax returns and bank statements in order to assure Bank and NMS that Merchant maintains a favorable capital position, liquidity, stability, business practices and general financial condition to fulfill the responsibilities tied to high volume Card processing.