Overreporting by Histogen Sample Clauses
The "Overreporting by Histogen" clause defines the procedures and consequences if Histogen provides more information or data than is required under the agreement. In practice, this clause may specify how excess disclosures are handled, such as whether the receiving party must treat all additional information as confidential or if there are limits on liability for unintended overreporting. Its core function is to manage the risks and responsibilities associated with the provision of surplus information, ensuring both parties understand their obligations and reducing potential disputes over the handling of extra disclosures.
Overreporting by Histogen. In the event that there has been an overreporting of the Manufacturing Costs on the part of Histogen that results in an overpayment by Pineworld, such overpayment shall be refunded to Pineworld and shall be subject to a late fee measured from the date of the overpayment as follows: 1% of the overpayment amount per month if the overpayment is 5% or less for the period under audit, and 2% per month if the overpayment is more than 5% for the period under audit. In no event shall interest exceed the maximum legal rate under Applicable Laws.