Common use of Records, Inspection and Audit Clause in Contracts

Records, Inspection and Audit. Within ninety (90) days following the end of each calendar year, commencing with the year in which the claims are brought into commercial production (not inclusive of any bulk sampling programs), the Grantee shall deliver to Grantor a statement of the Royalty paid for said calendar year. The Grantor shall have the right within a period of three (3) months from receipt of such statements to inspect the Grantee’s books and records relating thereto and to conduct an independent audit of such books and records at its own cost and expense.

Records, Inspection and Audit. Within ninety (90) days following the end of each calendar yearcalendar, commencing with the year in which the claims are brought into commercial production (not inclusive of any bulk sampling programs), the Grantee shall deliver to Grantor Grantors a statement of the Royalty paid for said calendar year. The Grantor Grantors shall have the right within a period of three (3) months from receipt of such statements to inspect the Grantee’s 's books and records relating thereto and to conduct an independent audit of such books and records at its own cost and expense.

Records, Inspection and Audit. Within ninety (90) days following the end of each calendar year, commencing with the year in which the claims are Property is brought into commercial production (not inclusive of any bulk sampling programs), the Grantee shall deliver to Grantor a statement of the Royalty paid for said calendar year. The Grantor shall have the right within a period of three (3) months from receipt of such statements to inspect the Grantee’s books and records relating thereto and to conduct an independent audit of such books and records at its own cost and expense.