{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-manager", "type": "clause", "offset": [0, 11]}, {"key": "reports-to-the-members", "type": "clause", "offset": [34, 56]}, {"key": "access-rights", "type": "clause", "offset": [126, 139]}, {"key": "independent-audit-required", "type": "clause", "offset": [181, 207]}], "samples": [{"hash": "6owbXrnqtkY", "uri": "/contracts/6owbXrnqtkY#reporting-audits", "label": "Limited Liability Company Agreement (Snow Lake Resources Ltd.)", "score": 36.2689933777, "published": true}, {"hash": "ihVEaJbuoea", "uri": "/contracts/ihVEaJbuoea#reporting-audits", "label": "Limited Liability Company Agreement", "score": 26.9671459198, "published": true}], "size": 7, "snippet": "The Manager shall (i) provide the reports to the Members required under Section 6.11, (ii) permit the audits, inspections and access rights under Section 6.12, and (iii) obtain the independent audit required under Section 6.13.", "hash": "0d2aac1adf3426bcb9e8e494f8929ff5", "id": 1}, {"snippet_links": [{"key": "effective-date-of-this-agreement", "type": "definition", "offset": [23, 55]}, {"key": "expiration-date", "type": "definition", "offset": [83, 98]}, {"key": "the-contractor-shall", "type": "clause", "offset": [100, 120]}, {"key": "an-annual", "type": "clause", "offset": [128, 137]}, {"key": "report-to", "type": "definition", "offset": [138, 147]}, {"key": "by-july", "type": "clause", "offset": [163, 170]}, {"key": "each-year", "type": "definition", "offset": [177, 186]}, {"key": "previous-fiscal-year", "type": "definition", "offset": [224, 244]}, {"key": "by-the-department", "type": "clause", "offset": [275, 292]}, {"key": "first-report", "type": "definition", "offset": [298, 310]}, {"key": "fund-disbursement", "type": "clause", "offset": [392, 409]}, {"key": "the-annual-report", "type": "clause", "offset": [436, 453]}, {"key": "detailed-report", "type": "clause", "offset": [470, 485]}, {"key": "eligible-activities", "type": "definition", "offset": [545, 564]}, {"key": "program-funds", "type": "definition", "offset": [599, 612]}, {"key": "close-out", "type": "definition", "offset": [931, 940]}, {"key": "contracts-that", "type": "clause", "offset": [952, 966]}, {"key": "additional-information", "type": "clause", "offset": [1091, 1113]}, {"key": "as-needed", "type": "clause", "offset": [1114, 1123]}, {"key": "other-applicable", "type": "clause", "offset": [1132, 1148]}, {"key": "audit-requirements", "type": "clause", "offset": [1162, 1180]}, {"key": "responsible-for", "type": "clause", "offset": [1203, 1218]}, {"key": "completion-of-audits", "type": "clause", "offset": [1223, 1243]}, {"key": "costs-of", "type": "definition", "offset": [1252, 1260]}], "samples": [{"hash": "lBMcbyybSdd", "uri": "/contracts/lBMcbyybSdd#reporting-audits", "label": "Standard Agreement", "score": 29.7561321259, "published": true}, {"hash": "iuoxs7RKku2", "uri": "/contracts/iuoxs7RKku2#reporting-audits", "label": "Standard Agreement", "score": 22.5455169678, "published": true}, {"hash": "6QAK3QMo0J", "uri": "/contracts/6QAK3QMo0J#reporting-audits", "label": "Standard Agreement", "score": 22.5455169678, "published": true}], "size": 3, "snippet": "A. Commencing with the Effective Date of this Agreement and continuing through the Expiration Date, the Contractor shall submit an annual report to the Department by July 31 of each year that reports all activities from the previous fiscal year (7/1\u20136/30), on forms provided by the Department. The first report will be due on July 31, 2021 and will report all activities from date of initial fund disbursement through June 30, 2021.\nB. The annual report shall contain a detailed report which must include, at a minimum:\n1) Identification of the Eligible Activities to which the Contractor committed program funds, and the income levels of households assisted.\n2) Amounts awarded to Subrecipients with the activity(ies) identified;\n3) Identification of the Eligible Activities upon which the Contractor expended program funds, and the income levels of households assisted and the affordability level for any units assisted; and,\n4) Close out report for contracts that were fully expended and in which all activities funded were completed during the fiscal year.\nC. The Department may request additional information as needed to meet other applicable reporting or audit requirements.\nD. The Contractor is responsible for the completion of audits and all costs of preparing audits.", "hash": "8deeb442c46abb01b21aa34bd8f7596e", "id": 2}, {"snippet_links": [{"key": "audit-rights", "type": "definition", "offset": [31, 43]}, {"key": "the-development-program", "type": "clause", "offset": [48, 71]}, {"key": "in-section-3", "type": "clause", "offset": [86, 98]}, {"key": "section-5", "type": "definition", "offset": [103, 112]}], "samples": [{"hash": "cFkln2FJPI6", "uri": "/contracts/cFkln2FJPI6#reporting-audits", "label": "Exclusive Development and Commercialization Agreement (Molichem Medicines Inc)", "score": 18.0, "published": true}, {"hash": "5NKp3p8cBa0", "uri": "/contracts/5NKp3p8cBa0#reporting-audits", "label": "Exclusive Development and Commercialization Agreement (Molichem Medicines Inc)", "score": 18.0, "published": true}], "size": 2, "snippet": "The reporting requirements and audit rights for the Development Program are set forth in Section 3 and Section 5, respectively, of Exhibit A.", "hash": "b960f4616818e233e216243f9ec0075b", "id": 3}, {"snippet_links": [{"key": "following-the", "type": "definition", "offset": [0, 13]}, {"key": "royalty-payment-date", "type": "clause", "offset": [22, 42]}, {"key": "calendar-quarter", "type": "definition", "offset": [93, 109]}, {"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [110, 143]}, {"key": "submit-to", "type": "clause", "offset": [159, 168]}, {"key": "reporting-form", "type": "definition", "offset": [184, 198]}, {"key": "with-respect-to", "type": "clause", "offset": [213, 228]}, {"key": "the-quantities", "type": "clause", "offset": [246, 260]}, {"key": "computation-of", "type": "clause", "offset": [324, 338]}, {"key": "payment-in-full", "type": "clause", "offset": [355, 370]}, {"key": "section-42", "type": "clause", "offset": [413, 424]}, {"key": "section-43", "type": "clause", "offset": [445, 456]}, {"key": "calendar-year", "type": "clause", "offset": [561, 574]}, {"key": "notice-to", "type": "definition", "offset": [611, 620]}, {"key": "independent-third-party", "type": "definition", "offset": [658, 681]}, {"key": "books-and-records", "type": "definition", "offset": [737, 754]}, {"key": "customary-business-hours", "type": "definition", "offset": [772, 796]}, {"key": "purpose-of", "type": "clause", "offset": [810, 820]}, {"key": "compliance-with", "type": "clause", "offset": [843, 858]}, {"key": "article-4", "type": "definition", "offset": [859, 868]}, {"key": "unduly-burdensome", "type": "definition", "offset": [899, 916]}, {"key": "the-foregoing", "type": "definition", "offset": [944, 957]}, {"key": "per-year", "type": "definition", "offset": [1042, 1050]}, {"key": "normal-business-hours", "type": "clause", "offset": [1096, 1117]}, {"key": "financial-records", "type": "clause", "offset": [1166, 1183]}, {"key": "to-determine", "type": "definition", "offset": [1184, 1196]}, {"key": "independent-certified-public-accountant", "type": "definition", "offset": [1229, 1268]}, {"key": "approved-by", "type": "definition", "offset": [1269, 1280]}, {"key": "provided-that", "type": "definition", "offset": [1290, 1303]}, {"key": "costs-of", "type": "definition", "offset": [1308, 1316]}, {"key": "in-the-event", "type": "clause", "offset": [1441, 1453]}, {"key": "the-audit", "type": "clause", "offset": [1459, 1468]}, {"key": "information-and-data", "type": "definition", "offset": [1536, 1556]}, {"key": "strict-confidence", "type": "clause", "offset": [1616, 1633]}, {"key": "deemed-confidential-information", "type": "clause", "offset": [1659, 1690]}, {"key": "express-purpose", "type": "definition", "offset": [1720, 1735]}, {"key": "in-this-agreement", "type": "definition", "offset": [1746, 1763]}, {"key": "to-third-parties", "type": "clause", "offset": [1791, 1807]}, {"key": "ordered-by", "type": "definition", "offset": [1828, 1838]}, {"key": "court-of-competent-jurisdiction", "type": "definition", "offset": [1841, 1872]}, {"key": "sole-and-exclusive-remedy", "type": "clause", "offset": [1960, 1985]}, {"key": "failure-to-pay", "type": "clause", "offset": [1995, 2009]}, {"key": "pay-to", "type": "definition", "offset": [2011, 2017]}, {"key": "unpaid-fees", "type": "definition", "offset": [2030, 2041]}, {"key": "if-applicable", "type": "definition", "offset": [2100, 2113]}], "samples": [{"hash": "7gnoqvTL1b2", "uri": "/contracts/7gnoqvTL1b2#reporting-audits", "label": "Exclusive License Agreement (Zeltiq Aesthetics Inc)", "score": 22.7823410034, "published": true}, {"hash": "6NeGxmbNWt6", "uri": "/contracts/6NeGxmbNWt6#reporting-audits", "label": "Exclusive License Agreement (Zeltiq Aesthetics Inc)", "score": 22.7741279602, "published": true}], "size": 2, "snippet": "Following the Minimum Royalty Payment Date, within sixty (60) days following the end of each calendar quarter during the term of this Agreement, Juniper shall submit to \u2587\u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 a reporting form setting forth with respect to such quarter (a) the quantities of Products as to which royalties are due hereunder, and (b) a computation of such royalties. Payment in full of such royalties (less any credits under Section 4.2 or deductions under Section 4.3 (c)) for each quarter shall be due together with such reporting form. Not more frequently than once per calendar year, and following ten(10) days written notice to Juniper, \u2587\u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 may appoint an independent third party (reasonably acceptable to Juniper) to review Juniper\u2019s books and records during Juniper\u2019s customary business hours for the sole purpose of determining Juniper\u2019s compliance with Article 4 in a manner which will not be unduly burdensome to Juniper. In addition to the foregoing (if the foregoing review reveals an underpayment by Juniper), no more than one time per year upon ten (10) days written notice and during normal business hours, \u2587\u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 may request an audit of Juniper\u2019s financial records to determine compliance with Article 4 by an independent Certified Public Accountant approved by Juniper; provided that the costs of such audit will be borne by \u2587\u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587; provided, further, however, that the costs of such audit will be borne by Juniper in the event that the audit determines that royalties have been understated by 5% or more. All information and data obtained for such reviews or audits shall be maintained in strict confidence by \u2587\u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, will be deemed Confidential Information, will be used solely for the express purpose set forth in this Agreement, and will not be disclosed to third parties except as may be so ordered by a court of competent jurisdiction. In the event that the audit reveals an underpayment, Juniper shall, as \u2587\u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 sole and exclusive remedy for such failure to pay, pay to Juniper all unpaid fees, including interest thereon, and the costs of such audit (if applicable).", "hash": "af95ef7c2aadd0b5e970ef71ee1e249a", "id": 4}, {"snippet_links": [{"key": "audit-rights", "type": "definition", "offset": [31, 43]}, {"key": "commercialization-program", "type": "definition", "offset": [52, 77]}, {"key": "in-section-3", "type": "clause", "offset": [92, 104]}, {"key": "section-5", "type": "definition", "offset": [109, 118]}], "samples": [{"hash": "cFkln2FJPI6", "uri": "/contracts/cFkln2FJPI6#reporting-audits", "label": "Exclusive Development and Commercialization Agreement (Molichem Medicines Inc)", "score": 18.0, "published": true}, {"hash": "5NKp3p8cBa0", "uri": "/contracts/5NKp3p8cBa0#reporting-audits", "label": "Exclusive Development and Commercialization Agreement (Molichem Medicines Inc)", "score": 18.0, "published": true}], "size": 2, "snippet": "The reporting requirements and audit rights for the Commercialization Program are set forth in Section 3 and Section 5, respectively, of Exhibit A.", "hash": "1c11422b3f47aafa36f06a17fce9f0b6", "id": 5}, {"snippet_links": [{"key": "effective-date-of-this-agreement", "type": "definition", "offset": [23, 55]}, {"key": "expiration-date", "type": "definition", "offset": [83, 98]}, {"key": "an-annual", "type": "clause", "offset": [128, 137]}, {"key": "report-to", "type": "definition", "offset": [138, 147]}, {"key": "by-july", "type": "clause", "offset": [163, 170]}, {"key": "each-year", "type": "definition", "offset": [177, 186]}, {"key": "previous-fiscal-year", "type": "definition", "offset": [224, 244]}, {"key": "by-the-department", "type": "clause", "offset": [275, 292]}, {"key": "first-report", "type": "definition", "offset": [298, 310]}, {"key": "fund-disbursement", "type": "clause", "offset": [392, 409]}, {"key": "the-annual-report", "type": "clause", "offset": [436, 453]}, {"key": "detailed-report", "type": "clause", "offset": [470, 485]}, {"key": "eligible-activities", "type": "definition", "offset": [545, 564]}, {"key": "program-funds", "type": "definition", "offset": [599, 612]}, {"key": "close-out", "type": "definition", "offset": [945, 954]}, {"key": "contracts-that", "type": "clause", "offset": [966, 980]}, {"key": "additional-information", "type": "clause", "offset": [1105, 1127]}, {"key": "as-needed", "type": "clause", "offset": [1128, 1137]}, {"key": "other-applicable", "type": "clause", "offset": [1146, 1162]}, {"key": "audit-requirements", "type": "clause", "offset": [1176, 1194]}, {"key": "responsible-for", "type": "clause", "offset": [1217, 1232]}, {"key": "completion-of-audits", "type": "clause", "offset": [1237, 1257]}, {"key": "costs-of", "type": "definition", "offset": [1266, 1274]}, {"key": "right-to-perform", "type": "clause", "offset": [1324, 1340]}, {"key": "financial-audit", "type": "definition", "offset": [1368, 1383]}, {"key": "the-contractor-shall-provide", "type": "clause", "offset": [1414, 1442]}, {"key": "prepared-by", "type": "definition", "offset": [1482, 1493]}, {"key": "required-by", "type": "definition", "offset": [1552, 1563]}, {"key": "performed-by", "type": "clause", "offset": [1599, 1611]}, {"key": "independent-certified-public-accountant", "type": "definition", "offset": [1615, 1654]}, {"key": "selection-of", "type": "definition", "offset": [1656, 1668]}, {"key": "independent-audit-firm", "type": "definition", "offset": [1672, 1694]}, {"key": "consistent-with", "type": "definition", "offset": [1704, 1719]}, {"key": "procurement-standards", "type": "clause", "offset": [1720, 1741]}, {"key": "contained-in", "type": "definition", "offset": [1742, 1754]}, {"key": "notify-the", "type": "clause", "offset": [1793, 1803]}, {"key": "department-of", "type": "clause", "offset": [1804, 1817]}, {"key": "the-auditor", "type": "clause", "offset": [1818, 1829]}, {"key": "name-and-address", "type": "clause", "offset": [1832, 1848]}, {"key": "contract-for", "type": "definition", "offset": [1900, 1912]}, {"key": "allow-access", "type": "clause", "offset": [1929, 1941]}, {"key": "independent-auditor", "type": "definition", "offset": [1967, 1986]}, {"key": "working-papers", "type": "clause", "offset": [1989, 2003]}, {"key": "audit-findings", "type": "clause", "offset": [2118, 2132]}, {"key": "the-contractor-must", "type": "clause", "offset": [2134, 2153]}, {"key": "detailed-response", "type": "clause", "offset": [2163, 2180]}, {"key": "acceptable-to-the-department", "type": "definition", "offset": [2181, 2209]}, {"key": "finding-report", "type": "clause", "offset": [2284, 2298]}], "samples": [{"hash": "7pGw5lYm5xj", "uri": "/contracts/7pGw5lYm5xj#reporting-audits", "label": "Standard Agreement", "score": 28.0836009979, "published": true}], "size": 2, "snippet": "A. Commencing with the Effective Date of this Agreement and continuing through the Expiration Date, the Contractor shall submit an annual report to the Department by July 31 of each year that reports all activities from the previous fiscal year (7/1\u20136/30), on forms provided by the Department. The first report will be due on July 31, 2021 and will report all activities from date of initial fund disbursement through June 30, 2021.\nB. The annual report shall contain a detailed report which must include, at a minimum:\n1) Identification of the Eligible Activities to which the Contractor committed program funds, and the income levels of households assisted. 20-PLHA-15106\n2) Amounts awarded to Subrecipients with the activity(ies) identified;\n3) Identification of the Eligible Activities upon which the Contractor expended program funds, and the income levels of households assisted and the affordability level for any units assisted; and,\n4) Close out report for contracts that were fully expended and in which all activities funded were completed during the fiscal year.\nC. The Department may request additional information as needed to meet other applicable reporting or audit requirements.\nD. The Contractor is responsible for the completion of audits and all costs of preparing audits.\nE. The Department reserves the right to perform or cause to be performed a financial audit. At the Department\u2019s request, the Contractor shall provide, at its own expense, a financial audit prepared by a certified public accountant.\nF. If a financial audit is required by the Department, the audit shall be performed by an independent certified public accountant. Selection of an independent audit firm shall be consistent with procurement standards contained in 24 CFR 85.36.\n1) The Contractor shall notify the Department of the auditor's name and address immediately after the selection has been made. The contract for the audit shall allow access by the Department to the independent auditor's working papers.\n2) The Contractor is responsible for the completion of audits and all costs of preparing audits.\n3) If there are audit findings, the Contractor must submit a detailed response acceptable to the Department for each audit finding within ninety (90) days from the date of the audit finding report.", "hash": "e018a525a962060cfa9a9628cf5c912f", "id": 6}, {"snippet_links": [{"key": "keep-and-maintain", "type": "clause", "offset": [20, 37]}, {"key": "the-company", "type": "definition", "offset": [88, 99]}, {"key": "payment-obligor", "type": "definition", "offset": [120, 135]}, {"key": "selling-party", "type": "clause", "offset": [145, 158]}, {"key": "the-period", "type": "clause", "offset": [183, 193]}, {"key": "applicable-laws", "type": "definition", "offset": [209, 224]}, {"key": "in-no-event", "type": "clause", "offset": [230, 241]}, {"key": "calendar-quarter", "type": "definition", "offset": [284, 300]}, {"key": "complete-and-accurate", "type": "clause", "offset": [324, 345]}, {"key": "other-records", "type": "definition", "offset": [366, 379]}, {"key": "the-case", "type": "definition", "offset": [503, 511]}, {"key": "with-respect-to", "type": "clause", "offset": [520, 535]}, {"key": "purchaser-records", "type": "clause", "offset": [565, 582]}, {"key": "the-reports", "type": "clause", "offset": [634, 645]}, {"key": "pursuant-to-section", "type": "definition", "offset": [646, 665]}, {"key": "from-and-after-the-closing-date", "type": "clause", "offset": [756, 787]}, {"key": "contingent-payments", "type": "clause", "offset": [811, 830]}, {"key": "in-accordance-with", "type": "definition", "offset": [876, 894]}, {"key": "following-the", "type": "definition", "offset": [952, 965]}, {"key": "written-reports", "type": "clause", "offset": [1058, 1073]}, {"key": "if-applicable", "type": "definition", "offset": [1100, 1113]}, {"key": "aggregate-basis", "type": "definition", "offset": [1125, 1140]}, {"key": "status-of-activities", "type": "clause", "offset": [1149, 1169]}, {"key": "obligations-of-purchaser", "type": "clause", "offset": [1299, 1323]}, {"key": "material-developments", "type": "clause", "offset": [1351, 1372]}, {"key": "commencement-of", "type": "clause", "offset": [1384, 1399]}, {"key": "to-lead", "type": "definition", "offset": [1457, 1464]}, {"key": "developed-product", "type": "definition", "offset": [1505, 1522]}, {"key": "excluded-product", "type": "definition", "offset": [1526, 1542]}, {"key": "to-seller", "type": "definition", "offset": [1668, 1677]}, {"key": "sale-of", "type": "clause", "offset": [1733, 1740]}, {"key": "seller-a", "type": "definition", "offset": [1876, 1884]}, {"key": "net-sales-report", "type": "definition", "offset": [1947, 1963]}, {"key": "status-reports", "type": "clause", "offset": [1988, 2002]}, {"key": "number-of", "type": "clause", "offset": [2030, 2039]}, {"key": "products-sold", "type": "clause", "offset": [2040, 2053]}, {"key": "calculation-of-net-sales", "type": "clause", "offset": [2082, 2106]}, {"key": "transaction-revenue", "type": "definition", "offset": [2119, 2138]}, {"key": "payment-owed", "type": "clause", "offset": [2236, 2248]}, {"key": "agreement-for", "type": "clause", "offset": [2283, 2296]}, {"key": "covered-by", "type": "definition", "offset": [2308, 2318]}, {"key": "additional-consideration-payment", "type": "definition", "offset": [2340, 2372]}, {"key": "applicable-rate", "type": "clause", "offset": [2475, 2490]}, {"key": "details-of", "type": "clause", "offset": [2538, 2548]}, {"key": "in-arrears", "type": "definition", "offset": [3066, 3076]}, {"key": "the-delivery", "type": "clause", "offset": [3096, 3108]}, {"key": "calendar-days", "type": "definition", "offset": [3301, 3314]}, {"key": "notice-from-seller", "type": "clause", "offset": [3330, 3348]}, {"key": "permit-access", "type": "clause", "offset": [3366, 3379]}, {"key": "normal-business-hours", "type": "clause", "offset": [3387, 3408]}, {"key": "the-purchaser", "type": "clause", "offset": [3412, 3425]}, {"key": "examined-by", "type": "clause", "offset": [3440, 3451]}, {"key": "certified-public-accountants", "type": "definition", "offset": [3452, 3480]}, {"key": "independent-accounting-firm", "type": "definition", "offset": [3487, 3514]}, {"key": "to-purchaser", "type": "definition", "offset": [3587, 3599]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [3601, 3619]}, {"key": "payable-to", "type": "definition", "offset": [3669, 3679]}, {"key": "prior-to-the", "type": "clause", "offset": [3740, 3752]}, {"key": "date-of-request", "type": "clause", "offset": [3753, 3768]}, {"key": "provided-that", "type": "definition", "offset": [3770, 3783]}, {"key": "subject-to-inspection", "type": "clause", "offset": [3803, 3824]}, {"key": "each-calendar-year", "type": "definition", "offset": [3950, 3968]}, {"key": "document-requests", "type": "clause", "offset": [4061, 4078]}, {"key": "in-connection-with", "type": "clause", "offset": [4080, 4098]}, {"key": "bona-fide-dispute", "type": "definition", "offset": [4101, 4118]}, {"key": "the-auditor", "type": "clause", "offset": [4141, 4152]}, {"key": "confidentiality-agreement", "type": "definition", "offset": [4187, 4212]}, {"key": "such-information", "type": "definition", "offset": [4261, 4277]}, {"key": "reasonably-necessary", "type": "clause", "offset": [4284, 4304]}, {"key": "information-regarding", "type": "clause", "offset": [4328, 4349]}, {"key": "actually-paid", "type": "definition", "offset": [4421, 4434]}, {"key": "information-provided", "type": "clause", "offset": [4458, 4478]}, {"key": "amounts-payable-under-this-agreement", "type": "clause", "offset": [4502, 4538]}, {"key": "report-to", "type": "definition", "offset": [4615, 4624]}, {"key": "both-parties-will", "type": "clause", "offset": [4693, 4710]}, {"key": "determine-the", "type": "clause", "offset": [4760, 4773]}, {"key": "expenses-payable", "type": "definition", "offset": [4795, 4811]}, {"key": "paid-by-seller", "type": "clause", "offset": [4891, 4905]}, {"key": "results-of-the-audit", "type": "clause", "offset": [4921, 4941]}, {"key": "net-sales-of-products", "type": "definition", "offset": [5003, 5024]}, {"key": "reporting-period", "type": "definition", "offset": [5109, 5125]}, {"key": "and-expenses", "type": "clause", "offset": [5183, 5195]}, {"key": "related-to", "type": "clause", "offset": [5196, 5206]}, {"key": "the-independent", "type": "clause", "offset": [5238, 5253]}, {"key": "paid-by-purchaser", "type": "clause", "offset": [5280, 5297]}, {"key": "purchaser-will", "type": "clause", "offset": [5356, 5370]}, {"key": "no-further-payments", "type": "clause", "offset": [5476, 5495]}, {"key": "business-days", "type": "definition", "offset": [5737, 5750]}, {"key": "applicable-interest", "type": "clause", "offset": [5770, 5789]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [5816, 5845]}, {"key": "seller-shall", "type": "clause", "offset": [5847, 5859]}, {"key": "responsible-for", "type": "clause", "offset": [5867, 5882]}, {"key": "expenses-incurred", "type": "definition", "offset": [5896, 5913]}, {"key": "delivery-of-a", "type": "clause", "offset": [5999, 6012]}, {"key": "in-good-faith", "type": "clause", "offset": [6031, 6044]}, {"key": "telephonic-meeting", "type": "clause", "offset": [6056, 6074]}, {"key": "representatives-of", "type": "clause", "offset": [6080, 6098]}, {"key": "applicable-affiliates", "type": "definition", "offset": [6131, 6152]}, {"key": "to-discuss", "type": "definition", "offset": [6153, 6163]}, {"key": "make-available", "type": "definition", "offset": [6193, 6207]}, {"key": "responsibility-for", "type": "clause", "offset": [6273, 6291]}, {"key": "activities-of-purchaser", "type": "clause", "offset": [6296, 6319]}, {"key": "records-and-information", "type": "clause", "offset": [6401, 6424]}, {"key": "confidential-information-of", "type": "clause", "offset": [6542, 6569]}, {"key": "in-confidence", "type": "clause", "offset": [6592, 6605]}, {"key": "information-on", "type": "clause", "offset": [6702, 6716]}, {"key": "as-required-by-law", "type": "clause", "offset": [6742, 6760]}, {"key": "need-to-know", "type": "clause", "offset": [6804, 6816]}, {"key": "confidentiality-and-non", "type": "clause", "offset": [6869, 6892]}, {"key": "the-seller", "type": "clause", "offset": [6913, 6923]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [7032, 7070]}, {"key": "the-value", "type": "clause", "offset": [7082, 7091]}], "samples": [{"hash": "8Lv9u6OWxKv", "uri": "/contracts/8Lv9u6OWxKv#reporting-audits", "label": "Stock Purchase Agreement (Travere Therapeutics, Inc.)", "score": 31.8802185059, "published": true}], "size": 2, "snippet": "(i) Purchaser shall keep and maintain, and shall require that its Affiliates (including the Company) and any Contingent Payment Obligor or other Selling Party, keep and maintain, for the period required under applicable Laws, but in no event less than [***] years from the end of the Calendar Quarter to which they pertain, complete and accurate books, ledgers, and other records of Purchaser or its Affiliates (including the Company) or applicable Contingent Payment Obligor or other Selling Party, as the case may be, with respect to each Product (collectively, \u201cPurchaser Records\u201d), as necessary to enable (A) Purchaser to provide the Reports pursuant to Section 2.07(j), and (B) Seller to perform an audit as contemplated by this Section 2.07(j).\n(ii) From and after the Closing Date and for so long as the Contingent Payments may become payable, Purchaser shall provide, in accordance with Section 11.04, Seller, on a [***] basis by the [***] day following the end of each [***] period following such initial [***] anniversary, with reasonably detailed written reports, on a country-by-country (if applicable) and on an aggregate basis, of the status of activities of any Contingent Payment Obligor or other Selling Party reasonably pertinent to the Contingent Payments and diligence and other obligations of Purchaser under Section 2.07 and any material developments (including commencement of IND-enabling studies) which would reasonably be expected to lead to filing of an IND with respect to any Developed Product or Excluded Product (each such report, a \u201cStatus Report\u201d). Each Status Report shall be in a form proposed by Purchaser and reasonably acceptable to Seller.\n(iii) From and after the date of the First Commercial Sale of a Product, Purchaser shall, or shall cause the Company to (A) within [***] days following the end of each Calendar Quarter, provide to Seller a report, on a country-by-country and on an aggregate basis (a \u201cNet Sales Report\u201d, and together with the Status Reports, the \u201cReports\u201d) of (1) the number of Products sold during such period, (2) the calculation of Net Sales and any ROW Transaction Revenue for such period (including a reasonably detailed breakdown of any deductions), (3) any Milestone Payment owed to Seller in accordance with this Agreement for the period covered by such Report, (4) any Additional Consideration Payment owed to Seller in accordance with this Agreement for the period covered by such Report, including the applicable rate set forth in Section 2.07(e)(i) and reasonable details of any reductions in accordance with Section 2.07(e)(v) applied by Purchaser in respect thereof, (5) any ROW Additional Consideration Payment owed to Seller in accordance with this Agreement for the period covered by such Report, including the applicable rate set forth in Section 2.07(f)(i) and any reductions in accordance with Section 2.07(f)(v) applied by Purchaser in respect thereof, and (6) any ROW Transaction Revenue; and (B) make any Contingent Payments owed to Seller hereunder in accordance with such report in arrears, concurrently with the delivery of such Net Sales Report and in accordance with Section 2.08. Each Net Sales Report shall be in a form proposed by Purchaser and reasonably acceptable to Seller.\n(iv) Upon not more than [***] calendar days\u2019 prior written notice from Seller, Purchaser shall permit access during normal business hours to the Purchaser Records to be examined by certified public accountants at an independent accounting firm of international standing appointed by Seller and reasonably acceptable to Purchaser, for the purpose of verifying the Reports or the Contingent Payments payable to Seller, for a period covering not more than the [***] years prior to the date of request; provided that no period shall be subject to inspection under this Section 2.07(j) more than once for the same purpose. Such audit shall not be performed more frequently than [***] each Calendar Year; provided, that the foregoing shall not prevent Seller from conducting discovery, or making document requests, in connection with a bona fide dispute under this Agreement. The auditor will execute a reasonable written confidentiality agreement with Purchaser and will disclose to Seller only such information as is reasonably necessary to provide Seller with information regarding any actual or potential discrepancies between (A) amounts reported and actually paid (and the corresponding information provided in any Report) and (B) amounts payable under this Agreement, and reasonable support therefor. The auditor will send a copy of the final report to Purchaser at the same time it is sent to Seller. The report sent to both Parties will include the methodology and calculations used to determine the results. Any fees or expenses payable to an independent accounting firm in connection with such examination shall be paid by Seller, except if the results of the audit, as determined by the auditor, reveals any underreporting of Net Sales of Products or underpayment of any Contingent Payment under this Agreement of 5% or more in any reporting period, in which case the reasonable out-of-pocket fees, costs, and expenses related to such audit, including those of the independent accounting firm, shall be paid by Purchaser. If the audit discloses an overpayment by Purchaser, then Purchaser will deduct the amount of such overpayment from amounts otherwise owed to Seller under this Agreement, unless no further payments are due hereunder, in which case the amount of such overpayment shall be refunded by Seller to Purchaser. If the audit discloses any underpayment by Purchaser, then the amount of such underpayment shall be transmitted to Seller within [***] Business Days, together with any applicable interest pursuant to Section 2.10. Notwithstanding the foregoing, Seller shall not be responsible for any costs or expenses incurred by Purchaser in connection with any such audit.\n(v) Within [***] calendar days after delivery of a Report, if Seller in good faith requests a telephonic meeting with representatives of Purchaser or any of Purchaser\u2019s applicable Affiliates to discuss such Report, Purchaser shall make available for such meeting at least one employee with operating management responsibility for the activities of Purchaser or any such Affiliate related to the contents of such Report.\n(vi) All Purchaser Records and information provided to Seller or any of its Representatives pursuant to this Section 2.07(j), whether written or oral, shall be confidential information of Purchaser and be held in confidence by such Person except as permitted by Section 6.03; provided, that Seller (A) may disclose such information on a confidential basis (1) as required by Law, and (2) to its Representatives who have a need to know such information and who are under an obligation of confidentiality and non-use consistent with the Seller\u2019s obligation hereunder, and (B) shall use such information solely to assess Purchaser\u2019s compliance with the terms and conditions of this Agreement, including the value of, the progress towards, and the probability of, achieving the Contingent Payments.", "hash": "b7148cd216467265fffd4f8577fc952c", "id": 7}, {"snippet_links": [{"key": "reports-to", "type": "definition", "offset": [27, 37]}, {"key": "the-partners", "type": "definition", "offset": [38, 50]}, {"key": "section-145", "type": "clause", "offset": [66, 78]}, {"key": "access-rights", "type": "clause", "offset": [134, 147]}, {"key": "independent-audit-required", "type": "clause", "offset": [205, 231]}], "samples": [{"hash": "4AzOUavCbit", "uri": "/contracts/4AzOUavCbit#reporting-audits", "label": "Services Agreement (Gatos Silver, Inc.)", "score": 35.967830658, "published": true}], "size": 1, "snippet": "OpCo shall (a) provide the reports to the Partners required under Section 14.5 of the A&R JVA, (b) permit the audits, inspections and access rights under Section 14.4(b) of the A&R JVA, and (c) obtain the independent audit required under Section 14.4(a) of the A&R JVA;", "hash": "9d8b1a656f9d1fd0a34ed6a66d7b5989", "id": 8}, {"snippet_links": [{"key": "quarterly-reports", "type": "definition", "offset": [33, 50]}, {"key": "annual-report-to-county", "type": "clause", "offset": [126, 149]}, {"key": "by-county", "type": "clause", "offset": [168, 177]}, {"key": "by-december", "type": "clause", "offset": [179, 190]}, {"key": "to-provide", "type": "definition", "offset": [227, 237]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [269, 293]}, {"key": "final-report", "type": "definition", "offset": [297, 309]}, {"key": "by-subrecipient", "type": "clause", "offset": [328, 343]}, {"key": "by-october", "type": "clause", "offset": [344, 354]}, {"key": "a-new-section", "type": "definition", "offset": [374, 387]}, {"key": "exhibit-c", "type": "definition", "offset": [408, 417]}, {"key": "terms-and-conditions", "type": "clause", "offset": [419, 439]}], "samples": [{"hash": "2KjGGyXekK4", "uri": "/contracts/2KjGGyXekK4#reporting-audits", "label": "Subrecipient Agreement", "score": 30.3652000427, "published": true}], "size": 1, "snippet": "A. The Subrecipient shall submit Quarterly reports, first quarterly report due July 15, 2020 and quarterly thereafter; and an annual report to County on forms provided by County, by December 15, 2020. If the Subrecipient fails to provide such documentation, County may terminate this Agreement. A final report must be submitted by Subrecipient by October 15, 2021.\nVII. Add a new Section, after Section 23., Exhibit C: Terms and Conditions:", "hash": "d96e78610b6833a3909debc82746f9d4", "id": 9}, {"snippet_links": [{"key": "committee-shall", "type": "definition", "offset": [15, 30]}, {"key": "reports-to-the-members", "type": "clause", "offset": [47, 69]}, {"key": "access-rights", "type": "clause", "offset": [139, 152]}, {"key": "independent-audit-required", "type": "clause", "offset": [194, 220]}], "samples": [{"hash": "ctm1RgTHUUS", "uri": "/contracts/ctm1RgTHUUS#reporting-audits", "label": "Limited Liability Company Agreement (Timberline Resources Corp)", "score": 31.0232715607, "published": true}], "size": 1, "snippet": "The Management Committee shall (i) provide the reports to the Members required under Section 6.11, (ii) permit the audits, inspections and access rights under Section 6.12, and (iii) obtain the independent audit required under Section 6.13.", "hash": "6b6936c6db9e44f87d9581aa50a90584", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhlyZXBvcnRpbmctYXVkaXRzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["reporting-requirements", "Reporting Requirements"], ["annual-report", "Annual Report"], ["annual-reports", "Annual Reports"], ["final-expenditure-plan", "Final Expenditure Plan"], ["expenditure-reports", "Expenditure Reports"]], "size": 55, "title": "Reporting Audits", "parents": [["special-conditions", "Special Conditions"], ["ineligible-costs", "Ineligible Costs"], ["company-management", "Company Management"], ["manager-duties", "Manager; Duties"], ["effective-date-term-of-agreement-and-deadlines", "Effective Date, Term of Agreement, and Deadlines"]], "id": "reporting-audits", "related": [["compliance-audits", "Compliance Audits", "Compliance Audits"], ["compliance-audit", "Compliance Audit", "Compliance Audit"], ["financial-management-financial-reports-audits", "Financial Management; Financial Reports; Audits", "Financial Management; Financial Reports; Audits"], ["additional-reporting", "Additional Reporting", "Additional Reporting"], ["reporting-compliance", "Reporting Compliance", "Reporting Compliance"]], "related_snippets": [], "updated": "2025-07-12T04:24:01+00:00"}, "json": true, "cursor": ""}}