Common use of Audit of Books Clause in Contracts

Audit of Books. PPD shall have the right to audit, through its representatives, agents, or designated auditors, during regular business hours and upon reasonable prior written notice, Xxxxxxx’x financial records relating solely to Costs associated with this Agreement and any Work Order within [*] ([*]) years of expiration or termination of this Agreement. If any audit reveals that Xxxxxxx collected more from PPD than it was entitled to collect under any Work Order, Xxxxxxx shall promptly reimburse such PPD for the amount of any overcharges. Xxxxxxx shall also pay PPD interest at the rate of [*] percent ([*]%) per month on such amount, but in no event to exceed the highest lawful rate of interest, calculated from the date the amount was paid to Xxxxxxx until the date of actual reimbursement to PPD. In the event that any such audit or examination reveals that Xxxxxxx collected [*] percent ([*]%) or more than what it was entitled to collect under any Work Order, Xxxxxxx shall also reimburse PPD for the cost of such audit in addition to the other amounts owed pursuant to this Section.

Audit of Books. PPD shall have the right to audit, through its representatives, agents, or designated auditors, during regular business hours and upon reasonable prior written notice, Xxxxxxx’x financial records relating solely to Costs associated with this Agreement and any Work Order within [*] ([*]) years of expiration or termination of this Agreement. If any audit reveals that Xxxxxxx collected more from PPD than it was entitled to collect under any Work Order, Xxxxxxx shall promptly reimburse such PPD for the amount of any overcharges. Xxxxxxx shall also pay PPD interest at the rate of [*] percent ([*]%) per month on such amount, but in no event to [*] Confidential treatment requested; certain information omitted and filed separately with the SEC. exceed the highest lawful rate of interest, calculated from the date the amount was paid to Xxxxxxx until the date of actual reimbursement to PPD. In the event that any such audit or examination reveals that Xxxxxxx collected [*] percent ([*]%) or more than what it was entitled to collect under any Work Order, Xxxxxxx shall also reimburse PPD for the cost of such audit in addition to the other amounts owed pursuant to this Section.