Common use of Audit Fees and Expenses Clause in Contracts

Audit Fees and Expenses. Each Company Licensor shall be responsible for any and all fees and expenses it incurs in connection with an audit conducted in accordance with Section 5.3.1; provided that, in the event that such an audit reveals an underpayment by the applicable Pfizer Licensee of more than five percent (5%) as to the period subject to such audit, such Pfizer Licensee shall reimburse the applicable Company Licensor for its reasonable and documented out-of-pocket costs and expenses of such audit within thirty (30) days of such Company Licensor’s invoice therefor.

Audit Fees and Expenses. Each Company Pfizer Licensor shall be responsible for any and all fees and expenses it incurs in connection with an audit conducted in accordance with Section 5.3.1; provided that, in the event that such an audit reveals an underpayment by the applicable Pfizer Company Licensee of more than five percent (5%) as to the period subject to such audit, such Pfizer Company Licensee shall reimburse the applicable Company Pfizer Licensor for its reasonable and documented out-of-pocket costs and expenses of such audit within thirty (30) days of such Company Pfizer Licensor’s invoice therefor.