Audit Termination Date definition

Audit Termination Date has the meaning set forth in Section 4.02(c).
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Examples of Audit Termination Date in a sentence

  • EPI may demand, no more than once during any calendar year and until the Audit Termination Date, an audit of the relevant books and records of the Acquiror in order to verify the royalties payable hereunder during the previous three (3) year period.

  • If, upon the inspection of the books and records of Purchaser, Sellers disagree with Purchaser's calculation of Net Sales or royalty payments set forth in any Net Sales Statement, Sellers may, prior to the expiration of the Audit Termination Date, deliver written notice to Purchaser disagreeing with such calculation and setting forth Sellers' calculation of such amount.

  • If Sellers do not deliver to Purchaser a written notice of disagreement prior to the expiration of the Audit Termination Date, then Sellers shall be deemed to have agreed to such Net Sales Statement.

  • TCMC’s determination of Actual Cost of Production shall be considered final and in full accord and satisfaction of all obligations of TCMC with respect thereto, unless Sojitz gives written notice describing and setting forth a specific objection to such determination on or prior to the Audit Termination Date.

  • Buyer and Seller shall maintain a commercial general liability insurance policy or policies, through the Audit Termination Date, and a product liability insurance policy or policies, through the latest expiration date of the Product sold by or on behalf of Seller prior to Closing, of the type and amounts customarily carried by Persons conducting businesses similar to those of Buyer and Seller.

  • In the event that the Stockholders' Representative disputes Parent's determination of the amount of an earn-out payment in a Proposed Payment Notice, the Stockholders' Representative shall notify Parent in writing (an "Earn-Out Payment Dispute Notice") of the amount, nature and basis of such dispute within five (5) days following the Audit Termination Date.

  • EPI may demand, no more than once during any calendar year and until the Milestone Audit Termination Date, an audit of the relevant books and records of the Acquiror in order to verify the Milestone Payments payable hereunder.

  • Seller may demand, no more than once during any calendar year and until the Audit Termination Date, an audit of the relevant books and records of Buyer in order to verify the royalties payable hereunder during the previous two (2) year period.