Common use of Audit and Examination Clause in Contracts

Audit and Examination. Each party shall permit the other (or a designee thereof) at any reasonable time, with prior written notice, to conduct an inspection or audit of such other party’s records relative to the Agreement, at the expense of the auditing party and at all times subject to the confidentiality obligations set forth herein. Such audit and inspection shall not be undertaken more frequently than once in any calendar year, unless and to the extent that there is reasonable cause to believe a material breach of this Agreement has occurred.