34.6.3  False information

(a)  If an audit shows that any of the statements or accounts are not accurate, complete and correct, or that the private party is not complying with its obligations, then the private party must rectify the problem and the cost of the audit will be for the private party's account.

(b)  Where a financial audit discloses any fraud, collusive, misleading or deceptive reporting, this will constitute an Event of Default.107

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107 See section 23.1(e) of Chapter 23 (Default).