Common use of Payment Accounting Clause in Contracts

Payment Accounting. 4.1 All payments to Label from Genepool shall be made, as requested by Label in writing, by bank transfer or Paypal. 4.2 All statements shall be binding upon Label and not subject to objection by Label unless specific objection in writing, stating the basis thereof, is given to Genepool within six (6) months from the date the statement is rendered or made available to Label. 4.3 The Label may, at its sole cost audit Genepool’s books and records solely to the extent that they relate to the exploitation of Recordings under this Agreement on giving Genepool reasonable advance written notice but in any event no more than once per annum. If any such audit reveals an underpayment that is accepted by Genepool or adjudicated by a court of competent jurisdiction as being due, Genepool will promptly pay such underpayment to you.