Common use of Audit Dispute Clause in Contracts

Audit Dispute. In the event of a dispute with respect to any audit, Caribou and AbbVie shall work in good faith to resolve the disagreement. If the Parties are unable to reach a mutually acceptable resolution of any such dispute within [***] days, the dispute shall be submitted for resolution to a certified public accounting firm jointly selected by each Party’s certified public accountants or to such other Person as the Parties shall mutually agree (the “Audit Arbitrator”). The decision of the Audit Arbitrator shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Audit Arbitrator shall determine. Not later than [***] days after such decision and in accordance with such decision, the audited Party shall pay the additional amounts, with interest from the date originally due, or the auditing Party shall reimburse the excess payments, as applicable.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Caribou Biosciences, Inc.), Collaboration and License Agreement (Caribou Biosciences, Inc.)

AutoNDA by SimpleDocs

Audit Dispute. In the event of a dispute with respect to any auditaudit under Section 4.11, Caribou AstraZeneca and AbbVie Licensee shall work in good faith to resolve the disagreement. If the Parties are unable to reach a mutually acceptable resolution of any such dispute within [*** * *] days, the dispute shall be submitted for resolution to a certified public accounting firm jointly selected by each Party’s certified public accountants or to such other Person as the Parties shall mutually agree (the “Audit ArbitratorAuditor”). The decision of the Audit Arbitrator Auditor shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Audit Arbitrator Auditor shall determine. Not later than [*** * *] days after such decision and in accordance with such decision, the audited Party Licensee shall pay the additional amounts, with interest from the date originally due, due as provided in Section 4.9 or the auditing Party AstraZeneca shall reimburse the excess payments, as applicable.

Appears in 2 contracts

Samples: Confidential Treatment (Biohaven Pharmaceutical Holding Co Ltd.), Confidential Treatment (Biohaven Pharmaceutical Holding Co Ltd.)

Audit Dispute. In the event of a dispute with respect to any auditaudit under Section 6.8, Caribou Licensor and AbbVie Licensee shall work in good faith to resolve the disagreement. If the Parties are unable to reach a mutually acceptable resolution of any such dispute within [***] days, the dispute shall be submitted for resolution to a certified public accounting firm jointly selected by each Party’s certified public accountants or to such other Person as the Parties shall mutually agree (the “Audit Arbitrator”). The decision of the Audit Arbitrator shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Audit Arbitrator shall determine. Not later than [***] days after such decision and in accordance with such decision, the audited Party shall pay the additional amounts, with interest from the date originally duedue as provided in Section 6.6, or the auditing Party shall reimburse the such excess payments, as applicable.

Appears in 2 contracts

Samples: License Agreement (Reata Pharmaceuticals Inc), License Agreement (Reata Pharmaceuticals Inc)

Audit Dispute. In the event of a dispute with respect to any auditaudit under Section 4.10, Caribou AbbVie and AbbVie Licensee shall work in good faith to resolve the disagreement. If the Parties are unable to reach a mutually acceptable resolution of any such dispute within [***] days], the dispute shall be submitted for resolution to a certified public accounting firm jointly selected by each Party’s certified public accountants or to such other Person as the Parties shall mutually agree (the “Audit Arbitrator”). The decision of the Audit Arbitrator shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Audit Arbitrator shall determine. Not later than [***] days after such decision and in accordance with such decision, the audited Party Licensee shall pay the additional amounts, with interest from the date originally duedue as provided in Section 4.9, or the auditing Party AbbVie shall reimburse the excess payments, as applicable.

Appears in 2 contracts

Samples: License Agreement (Gemini Therapeutics, Inc. /DE), License Agreement (Gemini Therapeutics, Inc. /DE)

Audit Dispute. In the event of a dispute with respect to any auditaudit under Section ‎8.10, Caribou Xencor and AbbVie Genentech shall work in good faith to resolve the disagreement. If the Parties are unable to reach a mutually acceptable resolution of any such dispute within [***] days], either Party may submit the dispute shall be submitted for resolution to a certified public accounting firm jointly selected by each Party’s certified public accountants or to such other Person as the Parties shall mutually agree (the “Audit Arbitrator”). The decision of the Audit Arbitrator shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Audit Arbitrator shall determine. Not later than [***] days after such decision and in accordance with such decision, the audited Party shall pay the additional amounts, with interest from the date originally due, due as provided in Section ‎8.9 or the auditing Party shall reimburse the excess payments, as applicable.. CONFIDENTIALEXECUTION COPY

Appears in 1 contract

Samples: Collaboration and License Agreement (Xencor Inc)

Audit Dispute. In the event of a dispute with respect to any auditaudit under Section 6.8, Caribou Licensor and AbbVie Licensee shall work in good faith to resolve the disagreement. If the Parties are unable to reach a mutually acceptable resolution of any such dispute within [***] days, the dispute shall be submitted for resolution to a certified public accounting firm jointly selected by each Party’s certified public accountants or to such other Person as the Parties shall mutually agree (the “Audit Arbitrator“ Arbitrator ”). The decision of the Audit Arbitrator shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Audit Arbitrator shall determine. Not later than [***] days after such decision and in accordance with such decision, the audited Party shall pay the additional amounts, with interest from the date originally duedue as provided in Section 6.6, or the auditing Party shall reimburse the such excess payments, as applicable.

Appears in 1 contract

Samples: License Agreement (Reata Pharmaceuticals Inc)

Audit Dispute. In the event of a dispute with respect to any auditaudit under Section 6.13, Caribou Licensor and AbbVie shall work in good faith to resolve the disagreement. If the Parties are unable to reach a mutually acceptable resolution of any such dispute within [***] days, the dispute shall be submitted for resolution to a certified public accounting firm jointly selected by each Party’s certified public accountants or to such other Person as the Parties shall mutually agree (the “Audit Arbitrator”). The decision of the Audit Arbitrator shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Audit Arbitrator shall determine. Not later than [***] days after such decision and in accordance with such decision, the audited Party shall pay the additional amounts, with interest from the date originally duedue as provided in Section 6.12, or the auditing Party shall reimburse the excess payments, as applicable.

Appears in 1 contract

Samples: Development and License Agreement (Principia Biopharma Inc.)

AutoNDA by SimpleDocs

Audit Dispute. In the event of a dispute with respect to any auditaudit under Section 8.10, Caribou Xencor and AbbVie Genentech shall work in good faith to resolve the disagreement. If the Parties are unable to reach a mutually acceptable resolution of any such dispute within [***] days], either Party may submit the dispute shall be submitted for resolution to a certified public accounting firm jointly selected by each Party’s certified public accountants or to such other Person as the Parties shall mutually agree (the “Audit Arbitrator”). The decision of the Audit Arbitrator shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Audit Arbitrator shall determine. Not later than [***] days after such decision and in accordance with such decision, the audited Party shall pay the additional amounts, with interest from the date originally due, due as provided in Section 8.9 or the auditing Party shall reimburse the excess payments, as applicable.

Appears in 1 contract

Samples: Collaboration and License Agreement (Xencor Inc)

Audit Dispute. In the event of a dispute with respect to any auditaudit under Section 7.13, Caribou Licensor and AbbVie shall work in good faith to resolve the disagreement. If the Parties are unable to reach a mutually acceptable resolution of any such dispute within [***] days], the dispute shall be submitted for resolution to a certified public accounting firm jointly selected by each Party’s certified public accountants or to such other Person as the Parties shall mutually agree (the “Audit Arbitrator”). The decision of the Audit Arbitrator shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Audit Arbitrator shall determine. Not later than [***] days after such decision and in accordance with such decision, the audited Party AbbVie shall pay the additional amounts, with interest from the date originally duedue as provided in Section 7.10, or the auditing Party Licensor shall reimburse the excess payments, as applicable.

Appears in 1 contract

Samples: Discovery Collaboration and License Agreement (CytomX Therapeutics, Inc.)

Audit Dispute. In the event of a dispute with respect to any auditaudit under Section 5.10, Caribou Licensor and AbbVie AstraZeneca shall work in good faith to resolve the disagreement. If the Parties are unable to reach a mutually acceptable resolution of any such dispute within [***] days], the dispute shall be submitted for resolution to a certified public accounting firm jointly selected by each Party’s certified public accountants or to such other Person as the Parties shall mutually agree (the “Audit ArbitratorAuditor”). The decision of the Audit Arbitrator Auditor shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Audit Arbitrator Auditor shall determine. Not later than [***] days after such decision and in accordance with such decision, the audited Party shall pay the additional amounts, with interest from the date originally due, due as provided in Section 5.8 or the auditing Party shall reimburse the excess payments, as applicable.

Appears in 1 contract

Samples: License Agreement (F-Star Therapeutics, Inc.)

Audit Dispute. In the event of a dispute with respect to any auditaudit under Section 11.7.4, Caribou Adaptimmune and AbbVie GNE shall work in good faith to resolve the disagreement. If the Parties are unable to reach a mutually acceptable resolution of any such dispute within [***] days, either Party may submit the dispute shall be submitted for resolution to a certified public accounting firm jointly selected by each Party’s certified public accountants or to such other Person as the Parties shall mutually agree (the “Audit Arbitrator”). The decision of the Audit Arbitrator shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Audit Arbitrator shall determine. Not later than [***] days after such decision and in accordance with such decision, the audited Party shall pay the additional amounts, with interest from the date originally duedue as provided in Section 11.7.4 (Underpayment; Overpayment), or the auditing Party shall reimburse the excess payments, as applicable.

Appears in 1 contract

Samples: Strategic Collaboration and License Agreement (Adaptimmune Therapeutics PLC)

Time is Money Join Law Insider Premium to draft better contracts faster.