Common use of Books & Records; Auditing Clause in Contracts

Books & Records; Auditing. During the Term of this Agreement and for a period of six months thereafter, the Parties will each maintain accurate and complete books and records, including copies of all customer and other correspondence, relating to such Party’s performance of its obligations under this Agreement. Each Party will have the right, no more than once in any twelve (12) month period during the Term, to audit the other Party’s books and records which are relevant to the performance of its obligations under this Agreement upon ten (10) days’ prior written notice. Such audits will be performed by the auditing Party’s representatives and will be conducted during normal business hours. Costs for such audits will be paid for by the auditing Party, unless the results of the audit show a shortfall in any payment owed or paid to Search123 during the period covered by the audit exceeding ten percent (10%), in which case the reasonable costs for the audit will be paid by LookSmart.

Books & Records; Auditing. During the Term of this Agreement and for a period of six months thereafter, the Parties will each maintain accurate and complete books and records, including copies of all customer and other correspondence, relating to such Party’s 's performance of its obligations under this Agreement. Each Party will have the right, no more than once in any twelve (12) month period during the Term, to audit the other Party’s 's books and records which are relevant to the performance of its obligations under this Agreement upon ten (10) days’ ' prior written notice. Such audits will be performed by the auditing Party’s 's representatives and will be conducted during normal business hours. Costs for such audits will be paid for by the auditing Party, unless the results of the audit show a shortfall in any payment owed or paid to Search123 ELiberation during the period covered by the audit exceeding ten percent (10%), in which case the reasonable costs for the audit will be paid by LookSmart.

Books & Records; Auditing. During the Term of this Agreement and for a period of six months thereafter, the Parties will each maintain accurate and complete books and records, including copies of all customer and other correspondence, relating to such Party’s performance of its obligations under this Agreement. Each Party will have the right, no more than once twice in any twelve (12) month period during the Term, to audit the other Party’s books and records which are relevant to the performance of its obligations obligation under this Agreement upon ten (10) days’ days prior written notice. Such audits will be performed by the auditing Party’s representatives and will be conducted during normal business hours. Costs Cost for such audits will be paid for by the auditing Party, unless the results of the audit show a shortfall in any payment owed or paid to Search123 Eliberation during the period covered by the audit exceeding ten percent (10%), in which case the reasonable costs for the audit will be paid for by LookSmart.