Common use of Audit Procedure Clause in Contracts

Audit Procedure. Before beginning its inspection, the Auditor will execute a written agreement acceptable to the Audited Party pursuant to which the Auditor agrees to keep confidential all information reviewed during such inspection, which agreement will contain terms of confidentiality and non-use no less stringent than those set forth in this Agreement. The Auditor will have the right to disclose to the Auditing Party only its conclusions regarding any payments owed under this Agreement. Each Party and its Affiliates will make their records available for inspection by the Auditor during regular business hours at such place or places where such records are customarily kept, upon receipt of reasonable advance notice from the Auditing Party. The records will be reviewed solely to verify the accuracy of the Audited Party’s royalty payments and other payment obligations and compliance with the financial terms of this Agreement.

Audit Procedure. Before beginning its inspectionaudit, the Auditor will execute a written agreement acceptable to the Audited Party pursuant to by which the Auditor agrees to keep confidential all information reviewed during such inspectionthe audit, which agreement will contain terms of confidentiality non-disclosure and non-use no less stringent than those set forth in this Agreement. The Auditor will have the right to disclose to the Auditing Party only its conclusions regarding any payments owed under this Agreement. Each Party and its Affiliates will make their records available for inspection by the Auditor during regular business hours at such place or places where such records are customarily kept, upon receipt of reasonable advance notice from the Auditing Party. The records will be reviewed solely to verify the accuracy of the Audited Party’s royalty payments 's Royalties and other payment obligations and compliance with the financial terms of this Agreement.

Audit Procedure. Before beginning its inspectionaudit, the Auditor will execute a written agreement acceptable to the Audited Party pursuant to by which the Auditor agrees to keep confidential all information reviewed during such inspectionthe audit, which agreement will contain terms of confidentiality non-disclosure and non-use no less stringent than those set forth in this Agreement. The Auditor will have the right to disclose to the Auditing Party only its conclusions regarding any payments owed under this Agreement. Each Party will, and its will cause their Affiliates will and Sublicensees to, make their records available for inspection by the Auditor during regular business hours at such place or places where such records are customarily kept, upon receipt of reasonable advance notice from the Auditing Party. The records will be reviewed solely to verify the accuracy of the Audited Party’s royalty payments royalties and other payment obligations and compliance with the financial terms of this Agreement.