Common use of Records of Sales Clause in Contracts

Records of Sales. During the term of this Agreement and for a period of three (3) years thereafter, LICENSEE and its Designated Affiliates shall keep at its principal place of business true and accurate records of all Sales in accordance with generally accepted accounting principles in the respective country where such Sales occur and in such form and manner so that all royalties owed to UNIVERSITIES may be readily and accurately determined. LICENSEE shall furnish UNIVERSITIES copies of such records upon UNIVERSITIES’ request, which shall not be made more often than once per License Agreement Year.

Appears in 2 contracts

Samples: License Agreement (Pharmasset Inc), License Agreement (Pharmasset Inc)

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Records of Sales. During the term of this Agreement and for a period of three (3) years thereafter, LICENSEE and its Designated Affiliates shall keep at its principal place of business true and accurate records of all Sales in accordance with generally accepted accounting principles in the respective country where such Sales occur and in such form and manner so that all royalties and other payments owed to UNIVERSITIES EMORY may be readily and accurately determined. LICENSEE shall furnish UNIVERSITIES xxxxxxx XXXXX copies of such records upon UNIVERSITIES’ EMORY’s request, which shall not be made more often than once per License Agreement Year.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pharmasset Inc)

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Records of Sales. During the term of this Agreement and for a period of three (3) years thereafter, LICENSEE and its Designated Affiliates shall keep at its principal place of business true and accurate records of all Sales in accordance with generally accepted accounting principles in the respective country where such Sales occur and in such form and manner so that all royalties and other payments owed to UNIVERSITIES EMORY may be readily and accurately determined. LICENSEE shall furnish UNIVERSITIES shall, xxxxxxx XXXXX copies of such records upon UNIVERSITIES’ EMORY’s request, which shall not be made more often than once per License Agreement Year.

Appears in 1 contract

Samples: License Agreement (Pharmasset Inc)

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