RIGHT OF AUDIT AND INSPECTION. 9.1 Within the term of this Agreement and within one year after its termination, Emisphere shall not more than [***] each year have the right at its expense to have Lilly's independent certified public accountants inspect and audit Lilly's records for any of the two preceding years for the purpose of determining the accuracy of royalty payments. The independent certified accountants shall keep confidential any information obtained during such inspection and shall report to Emisphere only the amounts of Net Sales and royalties due and payable. Any such inspection of Lilly's records shall be at the expense of Emisphere, except that if any such inspection reveals a deficiency in the amount of the running royalty actually paid to Emisphere hereunder in any calendar year of [***] [***] or more of the amount of any running royalty actually due to Emisphere hereunder, then the expense of such inspection shall be borne solely by Lilly. Any amount of deficiency shall be paid promptly to Emisphere. If such inspection reveals a surplus in the amount of running royalty actually paid to Emisphere by Lilly, Emisphere shall reimburse Lilly the surplus.
RIGHT OF AUDIT AND INSPECTION. 7.1. On not more than two times in each calendar year, the Company shall permit Elan or its duly authorised representatives upon reasonable notice and at any reasonable time during normal business hours to have access to inspect and audit the accounts and records of the Company and any other book, record, voucher, receipt or invoice relating to the calculation of the royalty payments on Net Sales submitted to Elan and to the accuracy of the reports which accompanied them. Any such inspection of the Company's records shall be at the expense of Elan, except that if any such inspection reveals a deficiency in the amount of the running royalty actually paid to Elan hereunder in any calendar quarter of [****] or more of the amount of any running royalty actually due to Elan hereunder, then the expense of such inspection shall be borne solely by the Company. Any amount of deficiency shall be paid promptly to Elan. If such inspection reveals a surplus in the amount of running royalty actually paid to Elan by the Company, Elan shall promptly reimburse the Company the surplus. The Company shall maintain the foregoing records for a period of at least five (5) years following the end of the calendar year to which they pertain.
RIGHT OF AUDIT AND INSPECTION. 7.1. Once during each Financial Year, or more often not to exceed quarterly as reasonably requested by Elan, Nascime shall permit Elan or its duly authorised representatives, upon reasonable notice and at any reasonable time during normal business hours, to have access to inspect and audit the accounts and records of Nascime and any other book, record, voucher, receipt or invoice relating to the calculation of the royalty payments on Net Sales submitted to Elan. Any such inspection of Nascime's records shall be at the expense of Elan, except that if any such inspection reveals a deficiency in the amount of the royalty actually paid to Elan hereunder in any Financial Year quarter of five percent (5%) or more of the amount of any royalty actually due to Elan hereunder, then the expense of such inspection shall be borne solely by Nascime. Any amount of deficiency shall be paid promptly to Elan by Nascime. If such inspection reveals a surplus in the amount of royalties actually paid to Elan by Nascime, Elan shall reimburse Nascime the surplus within fifteen (15) days after determination.
RIGHT OF AUDIT AND INSPECTION. 12 8. PATENTS........................................................13 9.
RIGHT OF AUDIT AND INSPECTION. 13.1 Football West may carry out audits to ensure compliance with this Agreement.
RIGHT OF AUDIT AND INSPECTION. 7.1. On not more than two times in each calendar year, the Company shall permit Orasomal or its duly authorised representatives upon reasonable notice and at any reasonable time during normal business hours to have access to inspect and audit the accounts and records of the Company and any other book, record, voucher, receipt or invoice relating to the calculation of the royalty payments on Net Sales submitted to Orasomal and to the accuracy of the reports which accompanied them. Any such inspection of the Company's records shall be at the expense of Orasomal, except that if any such inspection reveals a deficiency in the amount of the running royalty actually paid to Orasomal hereunder in any calendar quarter of [****] or more of the amount of any running royalty actually due to Orasomal hereunder, then the expense of such inspection shall be borne solely by the Company. Any amount of deficiency shall be paid promptly to Orasomal. If such inspection reveals a surplus in the amount of running royalty actually paid to Orasomal by the Company, Orasomal shall promptly reimburse the Company the surplus. The Company shall maintain the foregoing records for a period of at least five (5) years following the end of the calendar year to which they pertain.
RIGHT OF AUDIT AND INSPECTION. At any time during normal business hours, and as often as the Town may determine to be necessary, the Town’ representative may observe Provider’s operations, and Provider shall make available to the Town for examination, its records with respect to all matters covered by this contract, and make excerpts or transcripts from such records.
RIGHT OF AUDIT AND INSPECTION. Each Member, through its duly authorized representatives, shall have the right, at its own cost and expense, to examine, audit, inspect and photocopy, during normal business hours and for any reasonable purpose, any and all books, records and accounts of the Company. Such examination, audit or inspection may be conducted by the Member's own employees or by its independent certified public accountants or other agents.
RIGHT OF AUDIT AND INSPECTION. 6.1 Not more than once in each calendar year, Emisphere shall permit an internationally-recognised independent firm of Chartered Accountants upon reasonable notice and at any reasonable time during normal business hours to have access to inspect and audit the accounts and records of Emisphere relating to the calculation of the royalty payments on Net Revenues and Net Sales submitted to Elan. Any such inspection of Emisphere's records shall be at the expense of Elan, except that if any such inspection reveals a deficiency in the amount of the running royalty actually paid to Elan hereunder in any calendar year of [* * *] or more of the amount of any running royalty actually due to Elan hereunder, then the expense of such inspection shall be borne solely by Emisphere. Any amount of deficiency shall be paid promptly to Elan. If such inspection reveals a surplus in the amount of running royalty actually paid to Elan by Emisphere, Elan shall promptly reimburse Emisphere the surplus.
RIGHT OF AUDIT AND INSPECTION. 13.1Audits
