Over-or Underpayment. If the audit reveals an overpayment, the auditing Party shall reimburse the audited Party for the amount of the overpayment within thirty (30) days. If the audit reveals an underpayment, the audited Party shall make up such underpayment with the next payment or, if no further payments are owed by the audited Party, then the audited Party shall reimburse the auditing Party for the amount of the underpayment within thirty (30) days. The auditing Party shall pay for the audit costs if the underpayment of the audited Party exceeds […***…] of the aggregate amount of payments owed with regard to the statements subject to the audit. Section 13.2 shall apply to this Section 15.3.
Appears in 2 contracts
Samples: Collaboration and License Agreement (Blueprint Medicines Corp), Collaboration and License Agreement (Blueprint Medicines Corp)
Over-or Underpayment. If the audit reveals an overpayment, the auditing Party shall reimburse the audited Party for the amount of the overpayment within thirty (30) days. If the audit reveals an underpayment, the audited Party shall make up such underpayment with the next royalty payment or, if no further royalty payments are owed by to the audited auditing Party, then the audited Party shall reimburse the auditing Party for the amount of the underpayment within thirty (30) days. The auditing audited Party shall pay for the audit costs if the underpayment of the audited Party exceeds […***…] five percent (5%) of the aggregate amount of payments owed with regard to the invoices or statements subject to of the audit. Section 13.2 7.4 shall apply to amounts payable under this Section 15.39.3.
Appears in 2 contracts
Samples: Collaboration and License Agreement, Dna Cancer Vaccine Collaboration and License Agreement (Inovio Pharmaceuticals, Inc.)
Over-or Underpayment. If the audit reveals an overpayment, the auditing Party shall reimburse the audited Party for the amount of the overpayment within thirty (30) days. If the audit reveals an underpayment, the audited Party shall make up such underpayment with the next payment or, if no further payments are owed by the audited Party, then the audited Party shall reimburse the auditing Party for the amount of the underpayment within thirty (30) days. The auditing Party shall pay for the audit costs if the underpayment of the audited Party exceeds […***…] of the aggregate amount of payments owed with regard to the statements subject to the audit. Section 13.2 shall apply to this Section 15.3..
Appears in 1 contract
Samples: Collaboration and License Agreement (Blueprint Medicines Corp)
