Regular Reports. When rendering payment of the foregoing royalties, POSCO Power shall provide FCE with a written report showing the calculation of the royalty, the number of products to which the royalty is applicable. At its expense, FCE may, by its designated independent public accountants, audit the royalty amounts reported by POSCO Power no more than once a year. To the extent any sales are made by any POSCO Affiliates, POSCO Power agrees to furnish to FCE copies of relevant books and records of the POSCO Affiliates for the sole purpose of such audit by FCE.
Appears in 8 contracts
Samples: Technology Transfer and License Agreement (Fuelcell Energy Inc), Technology Transfer and License Agreement (Fuelcell Energy Inc), Technology Transfer and License Agreement (Fuelcell Energy Inc)
Regular Reports. When rendering payment of the foregoing royalties, POSCO Power Energy shall provide FCE with a written quarterly report showing the calculation of the royalty, the number of products to which the royalty is applicable. At its expense, FCE may, by its designated independent public accountants, audit the royalty amounts reported by POSCO Power Energy no more than once a year. To the extent any sales are made by any POSCO Affiliates, POSCO Power Energy agrees to furnish to FCE copies of relevant books and records of the POSCO Affiliates for the sole purpose of such audit by FCE.
Appears in 2 contracts
Samples: Cell Technology Transfer and License Agreement (Fuelcell Energy Inc), Cell Technology Transfer and License Agreement (Fuelcell Energy Inc)