Common use of Audits by AACS LA Clause in Contracts

Audits by AACS LA. 4.6.1 AACS LA shall have the right to require that Content Participant conduct an internal investigation to confirm, with respect to a given Reporting Year(s) (as defined on Exhibit B), that Content Participant has paid the Content Certificate fees required hereunder for the number of LCP Units that Content Participant has manufactured during such Reporting Year. Content Participant shall report to AACS LA the results of such investigation, and make any further payment of Content Certificate fees as required hereunder, within a reasonable period of time after receipt of notice of AACS LA’s demand for such internal investigation. After receipt of such report from Content Participant, or in the event that Content Participant does not submit such report, and any required payment, to AACS LA within such reasonable period of time, AACS LA shall have the right to audit Content Participant’s records (including, without limitation, records with respect to any LCP Units manufactured by third parties on Content Participant’s behalf) with respect to the Content Certificate fees paid by Content Participant hereunder with respect to such Reporting Year(s).

Audits by AACS LA. 4.6.1 AACS LA shall have the right to require that Content Participant Provider conduct an internal investigation to confirm, with respect to a given Reporting Year(s) (as defined on Exhibit B), that Content Participant Provider has paid the Content Certificate fees required hereunder for the number of LCP Units that Content Participant Provider has manufactured during such Reporting Year. Content Participant Provider shall report to AACS LA the results of such investigation, and make any further payment of Content Certificate fees as required hereunder, within a reasonable period of time after receipt of notice of AACS LA’s demand for such internal investigation. After receipt of such report from Content ParticipantProvider, or in the event that Content Participant Provider does not submit such report, and any required payment, to AACS LA within such reasonable period of time, AACS LA shall have the right to audit Content ParticipantProvider’s records (including, without limitation, records with respect to any LCP Units manufactured by third parties on Content ParticipantProvider’s behalf) with respect to the Content Certificate fees paid by Content Participant Provider hereunder with respect to such Reporting Year(s).