Common use of Underpayment; Overpayment Clause in Contracts

Underpayment; Overpayment. After reviewing the CPA Firm’s audit report, Immunocore shall promptly pay any uncontested, understated amounts due to GNE. Any overpayment made by GNE or any Sublicensee shall be promptly refunded or fully creditable against amounts payable in subsequent payment periods, at Immunocore’s election. Any audit under Section 7.7.2 shall be at GNE’s expense; provided, however, Immunocore shall reimburse reasonable audit fees for a given audit if the results of such audit reveal that Immunocore and any Sublicensee underpaid GNE [***] for the audited period [***].

Underpayment; Overpayment. After reviewing the CPA Firm’s audit report, Immunocore GNE shall promptly pay any uncontested, understated amounts due to GNEImmunocore. Any overpayment made by GNE or any Affiliate or Sublicensee shall be promptly refunded or fully creditable against amounts payable in subsequent payment periods, at ImmunocoreGNE’s election. Any audit under Section 7.7.2 14.7.2 shall be at GNEImmunocore’s expense; provided, however, Immunocore GNE shall reimburse reasonable audit fees for a given audit if the results of such audit reveal that Immunocore GNE and any Affiliate or Sublicensee underpaid GNE Immunocore [***] for the audited period [***].