Common use of Annual Verification Clause in Contracts

Annual Verification. Within ninety (90) days of the close of each calendar year, Diomed will provide the Doctor with an annual report of the number of Products sold in the immediately preceding calendar year, verified by Diomed's auditors. The Doctor and/or the LLC shall have the right to audit Diomed's books and records related to the transactions contemplated under this Agreement. In addition to any other sums that may be owing to the Doctor and/or the LLC as a result of such audit, Diomed shall be responsible for the cost of such audit in the event a discrepancy of five percent (5%) of more is documented by the Doctor's and/or LLC's auditor.

Appears in 3 contracts

Samples: Evlt Marketing and Promotion Agreement (Diomed Holdings Inc), Evlt Marketing and Promotion Agreement (Diomed Holdings Inc), Evlt Marketing and Promotion Agreement (Diomed Holdings Inc)

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Annual Verification. Within ninety (90) days of the close of each calendar year, Diomed will provide the Doctor with an annual report of the number of Products sold in the immediately preceding calendar year, verified by Diomed's auditors. The Doctor and/or the LLC LP shall have the right to audit Diomed's books and records related to the transactions contemplated under this Agreement. In addition to any other sums that may be owing to the Doctor and/or the LLC LP as a result of such audit, Diomed shall be responsible for the cost of such audit in the event a discrepancy of five percent (5%) of more is documented by the Doctor's and/or LLCLP's auditor.

Appears in 2 contracts

Samples: Evlt Marketing and Promotion Agreement (Diomed Holdings Inc), Evlt Marketing and Promotion Agreement (Diomed Holdings Inc)

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Annual Verification. Within ninety (90) days of the close of each calendar year, Diomed will provide the Doctor with an annual report of the number of Products sold in the immediately preceding calendar year, verified by Diomed's auditors. The Doctor and/or the LLC LP shall have the right to audit Diomed's books and records related to the transactions contemplated under this Agreement. In addition to any other sums that may be owing to the Doctor and/or the LLC LP as a result of such audit, Diomed shall be responsible for the cost of such audit in the event a discrepancy of five percent (5%) of more is documented by the Doctor's and/or LLCLP's auditor.. INVESTMENT REPRESENTATIONS

Appears in 1 contract

Samples: Evlt Marketing and Promotion Agreement (Diomed Holdings Inc)

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