Common use of RECORDS, AUDIT OF SALES AND EXPENSES Clause in Contracts

RECORDS, AUDIT OF SALES AND EXPENSES. During the term of the Agreement and for one (1) year thereafter, Mortara shall have the right, at its sole cost and expense, to audit Quinton's books and records as necessary to verify the monthly reports issued by Quinton under Section 3.3.2 above and Quinton's compliance xxxx xxe terms of this Agreement. Quinton shall make its books and records available for inspection during Quinton's normal business hours. Mortara shall give Quinton no less than ten (10) days prior written notice of xxx xxxire to perform such an audit. If any such audit should disclose that Quinton's reports understate the actual fees payable then Quinton shall promptly pay the amount of the discrepancy to Xxxxxxa. Should such understatement of fees payable by Quinton be five percent (5%) or more, Quinton shall also rexxxxxxx Mortara for any expenses incurxxx xx conducting the audit, including auditor's fees and reasonable travel expenses, if any, up to a maximum of $5,000. If any such audit discloses Quinton overpaid fees to Mortara, then the amount of overpaxxxxx xhall be credited against Quinton's next monthly payment(s). Any Quinton records, books or accounting information received bx Xxxxxra or its auditors during any audit shall be treated as Confidential Information as detailed in Article 9.

RECORDS, AUDIT OF SALES AND EXPENSES. During the term of the Agreement and for one (1) year thereafter, Mortara shall have the right, at its sole cost and expense, to audit Quinton's books and records as necessary to verify the monthly reports issued by Quinton under Section 3.3.2 4.2.2 above and Quinton's compliance xxxx xxe wixx xxx terms of this Agreement. Quinton shall make its books and records available for inspection during inspecxxxx xxring Quinton's normal business hours. Mortara shall give Quinton no less than ten (10) days prior written notice of xxx xxxire itx xxxxxe to perform such an audit. If any such audit should disclose that Quinton's reports understate the actual fees payable then Quinton shall promptly pay the amount of the discrepancy to XxxxxxaMxxxxxx. Should such understatement of fees payable by Quinton be five percent (5%) or more, Quinton shall also rexxxxxxx Mortara reimxxxxx Xortara for any expenses incurxxx incurrex xx conducting xxnducting the audit, including auditor's fees and reasonable travel expenses, if any, up to a maximum of $5,000. If any such audit discloses Quinton overpaid fees to Mortara, then the amount of overpaxxxxx xhall overpaymxxx xxxll be credited against Quinton's next monthly payment(s). Any Quinton records, books or accounting information received bx Xxxxxra or its by [*] XESIGNATES PORTIONS OF THIS DOCUMENT THAT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT FILED SEPARATELY WITH THE COMMISSION 07/27/00 - Quinton Confidential - Page 4 of 13 Mortara xx xxx auditors during any audit shall be treated as Confidential Information as detailed in Article 911.

RECORDS, AUDIT OF SALES AND EXPENSES. During the term of the Agreement and for one (1) year thereafter, Mortara shall have the right, at its sole cost and expense, to audit Quinton's books and records as necessary to verify the monthly reports issued by Quinton under Section 3.3.2 4.2.2 above and Quinton's compliance xxxx xxe wxxx xxx terms of this Agreement. Quinton shall make its books and records available for inspection during inspexxxxx xuring Quinton's normal business hours. Mortara shall give Quinton no less than ten (10) days prior written notice of xxx xxxire ixx xxxxre to perform such an audit. If any such audit should disclose that Quinton's reports understate the actual fees payable then Quinton shall promptly pay the amount of the discrepancy to XxxxxxaXxxxxxx. Should such understatement of fees payable by Quinton be five percent (5%) or more, Quinton shall also rexxxxxxx reixxxxxx Mortara for any expenses incurxxx incurrxx xx conducting xonducting the audit, including auditor's fees and reasonable travel expenses, if any, up to a maximum of $5,000. If any such audit discloses Quinton overpaid fees to Mortara, then the amount of overpaxxxxx xhall overpayxxxx xxall be credited against Quinton's next monthly payment(s). Any Quinton records, books or accounting information received bx Xxxxxra by Xxxxxxa or its auditors during any audit shall be treated as Confidential Information as detailed in Article 911.