Audit Costs. In the event any audit of the books and records of the Company and its Subsidiaries relating to the Revenue Interests, Assigned Interests, and the other Assigned Interests Collateral by Purchaser and/or any of Purchaser’s representatives reveals that the amounts paid to Purchaser hereunder for the period of such audit have been understated by more than five percent (5%) of the amounts determined to be due for the period subject to such audit, then the Audit Costs in respect of such audit shall be borne by the Company; and in all other cases, such Audit Costs shall be borne by Purchaser.
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Samples: Revenue Interests Purchase Agreement, Revenue Interests Purchase Agreement, Revenue Interest Assignment Agreement (Ariad Pharmaceuticals Inc)
Audit Costs. In the event any audit of the books and records of the Company and its Subsidiaries Affiliates and Licensees relating to the Revenue Interests, Assigned Interests, Interests and the other Assigned Interests Collateral by the Purchaser Agent and/or any of Purchaser’s representatives the Purchaser Agent Representative reveals that the amounts paid to Purchaser the Purchasers hereunder for the period of such audit have been understated by more than five percent (5%) of the amounts determined to be due for the period subject to such audit, then the Audit Costs in respect of such audit shall be borne by the CompanyCompany which shall reimburse the Purchaser Agent for the Audit Costs; and in all other cases, such Audit Costs shall be borne by Purchaserthe Purchasers.
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Samples: Revenue Interest Purchase Agreement (Mirum Pharmaceuticals, Inc.)
Audit Costs. In the event any audit of the books and records of the Company and its Subsidiaries relating to the Revenue Interests, Assigned Interests, Interests and the other Assigned Interests Collateral by Purchaser and/or any of Purchaser’s representatives reveals that the amounts paid to Purchaser hereunder for the period of such audit have been understated by more than five percent (5%) of the amounts determined to be due for the period subject to such audit, then the Audit Costs in respect of such audit shall be borne by the Company; and in all other cases, such Audit Costs shall be borne by Purchaser.
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Samples: Interim Revenue Interests Purchase Agreement (AxoGen, Inc.)
Audit Costs. In the event any audit of the books and records of the Company and its Subsidiaries Affiliates and Licensees relating to the Revenue Interests, Assigned Interests, Interests and the other Assigned Interests Collateral by the Purchaser Agent and/or any of Purchaser’s representatives the Purchaser Agent Representative reveals that the amounts paid to Purchaser the Purchasers hereunder for the period of such audit have been understated by more than five percent (5%) of the amounts determined to be due for the period subject to such audit, then the Audit Costs in respect of such audit shall be borne by the Company; and in all other cases, such Audit Costs shall be borne by Purchaserthe Purchasers.
Appears in 1 contract
Samples: Revenue Interest Purchase Agreement (Esperion Therapeutics, Inc.)
Audit Costs. In the event any audit of the books and records of the Company and its Subsidiaries relating to the Revenue Interests, Assigned Interests, and the other Assigned Interests Collateral by Purchaser and/or any of Purchaser’s representatives reveals that the amounts paid to Purchaser hereunder for the period of such audit have been understated by more than five percent (5%) of the amounts determined to be due for the period subject to such audit, then the Audit Costs in respect of such audit shall be borne by the Company; and in all other cases, such Audit Costs shall be borne by Purchaser.. 30 (f)
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