Common use of Reports; Audit Rights Clause in Contracts

Reports; Audit Rights. LogRhythm may periodically run a report to determine the number of MPS Customer is utilizing with the Products. LogRhythm may audit or to appoint an independent audit firm selected by LogRhythm to audit Customer’s records relating to Customer’s use of the Products pursuant to this Agreement to verify that Customer has complied with the terms of this Agreement and to verify Customers compliance with the license for the Products licensed. Any audit shall be conducted no more than once in any period of 12 consecutive months during Customer’s normal business hours and upon at least 15 days’ prior written notice. The audit shall be conducted at LogRhythm’s expenseunless the audit reveals that Customer has underpaid the amounts owed to LogRhythm by 5% or more, in which case Customer shall reimburse LogRhythm for all reasonable costs and expenses incurred by LogRhythm in connection with such audit. Customer shall promptly pay to LogRhythm any amounts owed plus interest as provided in Section 7.1.

Reports; Audit Rights. LogRhythm may periodically run a report to determine the number of MPS Customer is utilizing with the Products. LogRhythm may audit or to appoint an independent audit firm selected by LogRhythm to audit Customer’s records relating to Customer’s use of the Products pursuant to this Agreement to verify that Customer has complied with the terms of this Agreement and to verify Customers compliance the number of MPS Customer is utilizing with the license for the Products licensedProducts. Any audit shall be conducted no more than once in any period of 12 consecutive months during Customer’s normal business hours and upon at least 15 days’ prior written notice. The audit shall be conducted at LogRhythm’s expenseunless the audit reveals that Customer has underpaid the amounts owed to LogRhythm by 5% or more, in which case Customer shall reimburse LogRhythm for all reasonable costs and expenses incurred by LogRhythm in connection with such audit. Customer shall promptly pay to LogRhythm any amounts owed plus interest as provided in Section 7.1.

Reports; Audit Rights. LogRhythm may periodically run a report to determine the number of MPS Customer is utilizing with the Products. LogRhythm may audit or to appoint an independent audit firm selected by LogRhythm to audit Customer’s records relating to Customer’s use of the Products pursuant to this Agreement to verify that Customer has complied with the terms of this Agreement and to verify Customers compliance the number of MPS Customer is utilizing with the license for the Products licensedProducts. Any audit shall be conducted no more than once in any period of 12 consecutive months during Customer’s normal business hours and upon at least 15 days’ prior written notice. The audit shall be conducted at LogRhythm’s expenseunless the audit reveals that Customer has underpaid the amounts owed to LogRhythm by 5% or more, in which case Customer shall reimburse LogRhythm for all reasonable costs and expenses incurred by LogRhythm in connection with such audit. Customer shall promptly pay to LogRhythm any amounts owed plus interest as provided in Section 7.17.3.

Reports; Audit Rights. LogRhythm may periodically run a report to determine the number of MPS Customer is utilizing with the Products. LogRhythm may audit or to appoint an independent audit firm selected by LogRhythm to audit Customer’s records relating to Customer’s use of the Products pursuant to this Agreement to verify that Customer has complied with the terms of this Agreement and to verify Customers compliance the number of MPS Customer is utilizing with the license for the Products licensedProducts. Any audit shall be conducted no more than once in any period of 12 consecutive months during Customer’s normal business hours and upon at least 15 days’ prior written notice. The audit shall be conducted at LogRhythm’s expenseunless the audit reveals that Customer has underpaid the amounts owed to LogRhythm by 5% or more, in which case Customer shall reimburse LogRhythm for all reasonable costs and expenses incurred by LogRhythm in connection with such audit. Customer shall promptly pay to LogRhythm any amounts owed plus interest as provided in Section 7.16.3.

Reports; Audit Rights. LogRhythm may periodically run a report to determine the number of MPS Customer is utilizing with the Products. LogRhythm may audit or to appoint an independent audit firm selected by LogRhythm to audit Customer’s records relating to Customer’s use of the Products pursuant to this Agreement to verify that Customer has complied with the terms of this Agreement and to verify Customers compliance with the license for the Products licensed. Any audit shall be conducted no more than once in any period of 12 consecutive months during Customer’s normal business hours and upon at least 15 days’ prior written notice. The audit shall be conducted at LogRhythm’s expenseunless the audit reveals that Customer has underpaid the amounts owed to LogRhythm by 5% or more, in which case Customer shall reimburse LogRhythm for all reasonable costs and expenses incurred by LogRhythm in connection with such audit. Customer shall promptly pay to LogRhythm any amounts owed plus interest as provided in Section 7.17.3.