Common use of Underpayment; Overpayment Clause in Contracts

Underpayment; Overpayment. After reviewing the audit report delivered under Clause 13.8.7, any discrepancy in Development Costs and reimbursement of such costs shall be corrected by the relevant Party or Parties within [***] of delivery of audit report under Clause 13.8.7. Any audit shall be at the requesting Party’s expense unless such audit shows more than the greater of (a) a [***] and (b) [***], discrepancy in the Development Costs being claimed.

Appears in 2 contracts

Samples: Development and License Agreement (Immunocore LTD), Development and License Agreement (Immunocore LTD)

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Underpayment; Overpayment. After reviewing the audit report delivered under Clause 13.8.710.2.6, any discrepancy in Development Costs and reimbursement of such costs shall be corrected by the relevant Party or Parties within [***] * of delivery of audit report under Clause 13.8.710.2.6. Any audit shall be at the requesting Party’s expense unless such audit shows more than the greater of (a) a [***] * percent and (b) [$***]* , discrepancy in the Development Costs being claimed.

Appears in 1 contract

Samples: Co Development and Co Commercialisation Agreement (Adaptimmune Therapeutics PLC)

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Underpayment; Overpayment. After reviewing the audit report delivered under Clause 13.8.710.2.6, any discrepancy in Development Costs and reimbursement of such costs shall be corrected by the relevant Party or Parties within [***] of delivery of audit report under Clause 13.8.710.2.6. Any audit shall be at the requesting Party’s expense unless such audit shows more than the greater of (a) a [***] percent and (b) $[...***], discrepancy in the Development Costs being claimed.

Appears in 1 contract

Samples: Co Development and Co Commercialisation Agreement (Bellicum Pharmaceuticals, Inc)

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