Common use of REPORTING AND ACCESS Clause in Contracts

REPORTING AND ACCESS. (a) Within sixty (60) days after the end of each Quarter, DAS shall provide Eon with reports indicating the total number of Tablets sold during such Quarter, and reasonably detailed calculations of the corresponding Net Margin. Such reports shall be subject to Eon's audit and approval. (b) No more than once in any twelve (12) month period during the term and for one (1) year thereafter, Eon shall be entitled to appoint an independent auditor bound to confidentiality to audit, during regular business hours and upon reasonable prior notice, DAS's relevant books and records for the purpose of verifying the accuracy of the calculations of Net Margin provided pursuant to Section 4.4(a) hereof. Eon shall bear the cost and expense of any such audit, unless such audit shows underpayment by DAS by more than five percent (5%), in which case DAS will bear the cost and expense of such audit.