Common use of Binding Records Clause in Contracts

Binding Records. Upon the expiration of [ * ] months following the end of any Calendar Year, the calculation of royalties payable under this Agreement with respect to such year shall be binding and conclusive upon the Parties, and Schering, its Affiliates and its Sublicensees shall be released from any liability or accountability with respect to royalties for such Calendar Year.

Binding Records. Upon the expiration of [ * ] months following the end of any Calendar Year, the calculation of royalties payable under this Agreement with respect to such year shall be binding and conclusive upon the Parties, and ScheringSPL, its Affiliates and its Sublicensees shall be released from any liability or accountability with respect to royalties for such Calendar Year.