REPORT & AUDIT Sample Clauses
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REPORT & AUDIT. 6.1 Licensee shall provide Licensor with all relevant and non-privileged information pertaining to the development of its business in relation to the Game. Without limiting the generality of the foregoing, Licensee shall inform Licensor promptly in the event of its launch of the beta tests or the commercial service of the Game.
6.2 Licensee shall provide Licensor with a monthly report (the “Monthly Report”) within fifteen (15) days after the end of the applicable month. Such report shall be in writing and discuss Licensee’s business activities in relation to the Game, including, but not limited to, the number of End-Users including the maximum and average number of concurrent End-Users, the fees charged by Licensee, the total service amounts for the pertinent month, the amounts spent on advertising activities, complaints received from End Users and market trends in the Territory.
6.3 Licensee shall keep all of their records, contractual and accounting documents and company documents in relation to its business and other activities related to this Agreement in its principal offices during the term of this Agreement and for not less than five (5) years after the expiration or termination of this Agreement.
6.4 During the term of this Agreement and for five (5) years after the expiration or termination hereof, Licensor may by itself or through an accountant designated by Licensor investigate and audit the accounting documents of Licensee with respect to its Game business upon seven (7) days prior written notice to Licensee. For this purpose, Licensor may request Licensee to produce relevant documents, and may visit Licensee’s office and make copies of Licensee’s documents. Licensee shall provide all assistance and co-operation required by Licensor for such investigation and audit.
6.5 All expenses incurred for such investigation and audit shall be borne by Licensor.
6.6 If such investigation and audit reveals underpayment by greater than five percent (5%) of the annual Royalty Payment amount, Licensee shall bear all expenses for such investigation and audit and shall immediately pay to Licensor the unpaid amount together with a per annum default interest thereon equivalent to 18% percent thereof. In the event of Licensee’s understatement of the Royalty Payment amount without any justifiable reasons, Licensor shall be entitled to terminate this Agreement pursuant to Article 13.3(b) below.
REPORT & AUDIT. 7.1 Licensee, upon Licensor’s request, shall provide Licensor with all the information on the development of its business in relation to the Game during the Term of this Agreement.
REPORT & AUDIT. 6.1 ▇▇▇▇▇ shall provide Gravity with all relevant and non-privileged information pertaining to the development of its business in relation to the Game. Without limiting the generality of the foregoing, ▇▇▇▇▇ shall inform Gravity promptly in the event of its launch of the beta tests or the commercial service of the Game.
6.2 ▇▇▇▇▇ shall provide Gravity with a monthly report (the “Monthly Report”) within fifteen (15) days after the end of the applicable month. Such report shall be in writing and discuss LUISA’s business activities in relation to the Game, including, but not limited to, the number of End-Users including the maximum and average number of concurrent End-Users, the fees charged by ▇▇▇▇▇, the total service amounts for the pertinent month, the amounts spent on advertising activities, complaints received from End Users and market trends in the Territory.
6.3 ▇▇▇▇▇ shall keep all of their records, contractual and accounting documents and company documents in relation to its business and other activities related to this Agreement in its principal offices during the term of this Agreement and for not less than five (5) years after the expiration or termination of this Agreement.
6.4 During the term of this Agreement and for five (5) years after the expiration or termination hereof, Gravity may by itself or through an accountant designated by Gravity investigate and audit the accounting documents of ▇▇▇▇▇ with respect to its Game business upon seven (7) days prior written notice to ▇▇▇▇▇. For this purpose, Gravity may request ▇▇▇▇▇ to produce relevant documents, and may visit LUISA’s office and make copies of LUISA’s documents. ▇▇▇▇▇ shall provide all assistance and co-operation required by Gravity for such investigation and audit.
6.5 All expenses incurred for such investigation and audit shall be borne by Gravity.
6.6 If such investigation and audit reveals underpayment by greater than five percent (5%) of the annual Copyright Payment amount, ▇▇▇▇▇ shall bear all expenses for such investigation and audit and shall immediately pay to Gravity the unpaid amount together with a per annum default interest thereon equivalent to twelve percent (12%) thereof. In the event of LUISA’s understatement of the Copyright Payment amount without any justifiable reasons, Gravity shall be entitled to terminate this Agreement pursuant to Article 13.3(b) below.
REPORT & AUDIT. Where the building work has previously had a building surveyor engaged, Councils building surveyor reserves the right to request and undertake a full building report/audit on all aspects of building work already completed at the applicant’s expense. A building report/audit will be non-refundable and charged at an hourly rate as per approved council fees and charges (minimum 6 hours) and may include an onsite inspection if deemed necessary. As per section 322 of the Building Act Council will not accept any responsibility for work completed prior to the appointment of councils building surveyor. During the audit process where reasonable the building surveyor may request elements of the building work that are not visible to be exposed at the owner’s expense for inspection and verification of compliance. If at any point during the audit process the building surveyor deems that they would be unable to fulfil the requirements of the Building Act 2016 or the Building Regulations 2016 they may refuse the application.
REPORT & AUDIT. Within ten (10) business days after the end of each fiscal quarter, the Company shall provide to FCF a written account of the amount of its total purchases of Manufactured Products applicable to the required purchases hereunder and of its purchases pursuant to Section 2.1. FCF shall have reasonable access during normal business hours to the necessary books of the Company in order to verify the account submitted by the Company.
REPORT & AUDIT. 5.1. Each monthly payment shall be accompanied by a Report of reproduction and shipment activity for the Software during that period.
5.2. Through an independent CPA firm, ULEAD shall have the right to audit Licensee's records twice per year during regular business hours upon forty-eight (48) hours written notice, to verify Licensee's compliance with the payment of royalties, as described in this Agreement. Such audit shall pertain only to the financial matters pertinent to the royalties payable to ULEAD and to matters pertinent to Licensee's licensing and composition of Bundled Products. ULEAD will pay all costs associated with such audit unless it is determined that a material discrepancy exists, in which case Licensee will pay such costs. A material discrepancy shall be defined as a deficiency of 10% or more (such percentage calculation to be made based on the amount of royalties that should have been paid) in unpaid royalties over the previous 12-month period. In the event of such discrepancy, Licensee will pay to ULEAD: (a) the amount of the discrepancy; (b) interest on the amount at a annual rate of the higher of (1) twelve percent (12%) or (2) three percent (3%) above the prime rate published by the Wall Street Journal on the date it first becomes due; and (c) the costs of the audit, within 10 business days after receipt of the audit report.