Common use of Audit Adjustments Clause in Contracts

Audit Adjustments. In the event of a tax audit adjustment relating to the pricing of any Service provided pursuant to this Agreement in which it is determined by a taxing authority that any of the fees charged hereunder, individually or in combination, did not constitute an arm’s length payment, the parties will in good faith discuss and agree to make adjustments to the applicable fees in order to achieve arm’s length pricing. Any adjustment made pursuant to this Section 3.6 shall be reflected in each party’s books and records, and shall create a right to receive payment, in the case of the party that either overpaid or was under-compensated (as applicable), and an obligation to make payment, in the case of the party that either underpaid or was over-compensated (as applicable), in accordance with Section 3.1.

Appears in 2 contracts

Samples: Product Sales, Inventory Management and Order Fulfillment Agreement, Product Sales, Inventory Management and Order Fulfillment Agreement (Ecost Com Inc)

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Audit Adjustments. In the event of a tax audit adjustment relating to the pricing of any Service provided pursuant to this Agreement in which it is determined by a taxing authority that any of the fees charged hereunder, individually or in combination, did not constitute an arm’s length payment, the parties will in good faith discuss and agree to make adjustments to the applicable fees in order to achieve arm’s length pricing. Any adjustment made pursuant to this Section 3.6 shall be reflected in each party’s books and records, and shall create a right to receive payment, in the case of the party that either overpaid or was under-compensated (as applicable), and an obligation to make payment, in the case of the party that either underpaid or was over-compensated (as applicable), in accordance with Section 3.13.3.

Appears in 1 contract

Samples: Information Technology Systems Usage and Services Agreement (Ecost Com Inc)

Audit Adjustments. In the event of a tax audit adjustment relating to the pricing of any Service provided pursuant to this Agreement in which it is determined by a taxing authority that any of the fees charged hereunder, individually or in combination, did not constitute an arm’s length payment, the parties will in good faith discuss and agree to make adjustments to the applicable fees in order to achieve arm’s length pricing. Any adjustment made pursuant to this Section 3.6 2.4 shall be reflected in each party’s books and records, and shall create a right to receive payment, in the case of the party that either overpaid or was under-compensated (as applicable), and an obligation to make payment, in the case of the party that either underpaid or was over-compensated (as applicable), in accordance with Section 3.12.2.

Appears in 1 contract

Samples: Administrative Services Agreement (Ecost Com Inc)

Audit Adjustments. In the event of a tax audit adjustment relating to the pricing of any Service provided pursuant to this Agreement in which it is determined by a taxing authority that any of the fees charged hereunder, individually or in combination, did not constitute an arm’s 's length payment, the parties will in good faith discuss and agree to make adjustments to the applicable fees in order to achieve arm’s 's length pricing. Any adjustment made pursuant to this Section 3.6 shall be reflected in each party’s 's books and records, and shall create a right to receive payment, in the case of the party that either overpaid or was under-compensated (as applicable), and an obligation to make payment, in the case of the party that either underpaid or was over-compensated (as applicable), in accordance with Section 3.13.3.

Appears in 1 contract

Samples: Information Technology Systems Usage and Services Agreement (Ecost Com Inc)

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Audit Adjustments. In the event of a tax audit adjustment relating to the pricing of any Service provided pursuant to this Agreement in which it is determined by a taxing authority that any of the fees charged hereunder, individually or in combination, did not constitute an arm’s 's length payment, the parties will in good faith discuss and agree to make adjustments to the applicable fees in order to achieve arm’s 's length pricing. Any adjustment made pursuant to this Section 3.6 2.4 shall be reflected in each party’s 's books and records, and shall create a right to receive payment, in the case of the party that either overpaid or was under-compensated (as applicable), and an obligation to make payment, in the case of the party that either underpaid or was over-compensated (as applicable), in accordance with Section 3.12.2.

Appears in 1 contract

Samples: Administrative Services Agreement (Ecost Com Inc)

Audit Adjustments. In the event of a tax audit adjustment relating to the pricing of any Service provided pursuant to this Agreement in which it is determined by a taxing authority that any of the fees charged hereunder, individually or in combination, did not constitute an arm’s 's length payment, the parties will in good faith discuss and agree to make adjustments to the applicable fees in order to achieve arm’s 's length pricing. Any adjustment made pursuant to this Section 3.6 shall be reflected in each party’s 's books and records, and shall create a right to receive payment, in the case of the party that either overpaid or was under-compensated (as applicable), and an obligation to make payment, in the case of the party that either underpaid or was over-compensated (as applicable), in accordance with Section 3.1.

Appears in 1 contract

Samples: Product Sales, Inventory Management and Order Fulfillment Agreement (Ecost Com Inc)

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