Common use of Information Audit Rights Clause in Contracts

Information Audit Rights. (i) Licensee may audit the information provided by Clearwire pursuant to Section 20(b), 20(c), and 20(d). Licensee's audit will be limited to Clearwire's records and engineering documents that are relevant and sufficient to verify the information provided by Clearwire. No more than once per calendar year, Licensee may audit one or more metrics reported by Clearwire for the Market Area. Clearwire must provide the underlying source documents within 20 days of a request for audit by a Licensee. (ii) The costs incurred by Licensee in performing an audit under this Section 20(g) shall be borne by the Licensee; provided that, if there is a discrepancy of 5% or more with respect to a particular metric in the Market Area, costs of audit of that metric shall be borne by Clearwire and promptly paid upon submission of an invoice.

Appears in 3 contracts

Samples: Master Royalty and Use Agreement, Master Royalty and Use Agreement (Clearwire Corp), Master Royalty and Use Agreement (Clearwire Corp)

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Information Audit Rights. (i) Licensee may audit the information provided by Clearwire pursuant to Section 20(b), 20(c), and 20(d). Licensee's audit will be limited to Clearwire's records and engineering documents that are relevant and sufficient to verify the information provided by Clearwire. No more than once per calendar year, Licensee may audit one or more metrics reported by Clearwire for the Market Area. Clearwire must provide the underlying source documents within 20 days of a request for audit by a Licensee. (ii) The costs incurred by Licensee in performing an audit under this Section 20(g20(f) shall be borne by the Licensee; provided that, if there is a discrepancy of 5% or more with respect to a particular metric in the Market Area, costs of audit of that metric shall be borne by Clearwire and promptly paid upon submission of an invoice.

Appears in 2 contracts

Samples: Master Royalty and Use Agreement (Clearwire Corp), Master Royalty and Use Agreement (Clearwire Corp)

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