Common use of Costs of Audit Clause in Contracts

Costs of Audit. The inspection referred to in this Section 6 shall be conducted at Licensing Company’s own expense, except that such expense shall be borne by Licensee where the inspection reveals that: (a) Licensee has failed to comply with its obligations under Section 6.2; or (b) the Certified Auditor certifies that there is a discrepancy or error by way of underpayment of five percent (5%) of the monies actually due during the period under inspection.

Costs of Audit. The inspection referred to in this Section 6 7 shall be conducted at Licensing Company’s own expense, except that such expense shall be borne by Licensee where the inspection reveals that: (a) a Licensee Party has failed to comply with its obligations under Section 6.27.2; or (b) the Certified Auditor certifies that there is a discrepancy or error by way of underpayment of five percent (5%) of the monies actually due during the period under inspection.

Costs of Audit. The inspection referred to in this Section 6 shall be conducted at Licensing Company’s own expense, except that such expense shall be borne by Licensee where the inspection reveals that: (a) a Licensee Party has failed to comply with its obligations under Section 6.2; or (b) the Certified Auditor certifies that there is a discrepancy or error by way of underpayment of five percent (5%) of the monies actually due during the period under inspection.

Costs of Audit. The inspection referred to in this Section 6 shall be conducted at Licensing Company’s own expense, except that such expense shall be borne by Licensee where the inspection reveals that: (a) a Licensee Party has failed to comply with its obligations under Section 6.2; oror Reference Copy (b) the Certified Auditor certifies that there is a discrepancy or error by way of underpayment of five percent (5%) of the monies actually due during the period under inspection.