Common use of Records and Audit Clause in Contracts

Records and Audit. Generally Accepted Accounting Principles and SEC rules require Buyer to evaluate if Buyer must consolidate Seller’s financial information. Seller shall provide access to financial records and personnel required by Buyer to determine if consolidated financial reporting is required. If Buyer determines that consolidation is required, Buyer shall require the following during every calendar quarter for the Delivery Term all within forty-five (45) days after the end of each fiscal quarter: (i) Seller’s unaudited financial statements and notes to financial statements; and (ii) financial schedules underlying the financial statements.

Records and Audit. Generally Accepted Accounting Principles and SEC rules require Buyer to evaluate if Buyer must consolidate Seller’s financial information. Seller shall provide access to financial records and personnel required by Buyer to determine if consolidated financial reporting is required. If Buyer determines that consolidation is required, Buyer shall require the following during every calendar quarter for the Delivery Term all within forty-five (45) days after the end of each fiscal quarterContract Term: (i) Seller’s unaudited financial statements and notes to financial statements; and (ii) financial Financial schedules underlying the financial statements, all within forty-five (45) days after the end of each fiscal quarter.

Records and Audit. Buyer represents that Generally Accepted Accounting Principles and SEC rules require Buyer to evaluate if Buyer must consolidate Seller’s financial information. Seller shall provide access to financial records and personnel required by Buyer to determine if consolidated financial reporting is required. If Buyer determines that consolidation is required, Buyer shall require the following during every calendar quarter for the Delivery Term all within forty-five (45) days after the end of each fiscal quarterTerm: (i) Seller’s unaudited financial statements and notes to financial statements; and (ii) financial Financial schedules underlying the financial statements, all within forty-five (45) days after the end of each fiscal quarter.

Records and Audit. Generally Accepted Accounting Principles and SEC rules require Buyer to evaluate if Buyer must consolidate Seller’s financial information. Seller shall provide access to financial records and personnel required by Buyer to determine if consolidated financial reporting is required. If Buyer determines that consolidation is required, Buyer shall require the following during every calendar quarter for the Delivery Contract Term all within forty-five (45) days after the end of each fiscal quarter: (i) Seller’s unaudited financial statements and notes to financial statements; and (ii) financial schedules underlying the financial statements.

Records and Audit. Generally Accepted Accounting Principles and SEC rules require Buyer to evaluate if Buyer must consolidate Seller’s financial information. Seller shall provide access to financial records and personnel required by Buyer to determine if consolidated financial reporting is required. If Buyer determines that consolidation is required, Buyer shall require the following during every calendar quarter for the Delivery Term all within forty-five (45) calendar days after the end of each fiscal quarter: (i) Seller’s unaudited financial statements and notes to financial statements; and (ii) financial schedules underlying the financial statements.