Common use of VERITAS Audit Rights Clause in Contracts

VERITAS Audit Rights. Until three (3) years after the applicable royalty bearing event, VERITAS shall at any time, on at least ten (10) business days prior notice to IMG, be entitled to retain an independent certified public accounting firm to audit the books and records of IMG pertaining to the payment of royalties to VERITAS hereunder, for the sole purpose of confirming the accuracy of the royalty payments and no more frequently than once in any twelve (12) month period. Any such audit shall be performed at VERITAS' expense during normal business hours and, at IMG's option, subject to the accounting firm's agreement to comply with confidentiality obligations comparable to those in Section 16 below. The accounting firm shall not, however, be prohibited from reporting to VERITAS the results of the audit. In the event of any discrepancy, the applicable party shall promptly remit to the other party all amounts due.

VERITAS Audit Rights. Until three (3) years after the applicable royalty bearing event, VERITAS shall at any time, on at least ten (10) business days prior notice to IMGSeagate, be entitled to retain an independent certified public accounting firm to audit the books and records of IMG Seagate pertaining to the payment of royalties to VERITAS hereunder, for the sole purpose of confirming the accuracy of the royalty payments and no more frequently than once in any twelve (12) month period. Any such audit shall be performed at VERITAS' expense during normal business hours and, at IMGSeagate's option, subject to the accounting firm's agreement to comply with confidentiality obligations comparable to those in Section 16 12 below. The accounting firm shall not, however, be prohibited from reporting to VERITAS the results of the audit. In the event of any discrepancy, the applicable party shall promptly remit to the other party all amounts due.

VERITAS Audit Rights. Until three (3) years after the applicable -------------------- royalty bearing event, VERITAS shall at any time, on at least ten (10) business days prior notice to IMG, be entitled to retain an independent certified public accounting firm to audit the books and records of IMG pertaining to the payment of royalties to VERITAS hereunder, for the sole purpose of confirming the accuracy of the royalty payments and no more frequently than once in any twelve (12) month period. Any such audit shall be performed at VERITAS' expense during normal business hours and, at IMG's option, subject to the accounting firm's agreement to comply with confidentiality obligations comparable to those in Section 16 below. The accounting firm shall not, however, be prohibited from reporting to VERITAS the results of the audit. In the event of any discrepancy, the applicable party shall promptly remit to the other party all amounts due.

VERITAS Audit Rights. Until three (3) years after the applicable royalty bearing event, VERITAS shall at any time, on at least ten (10) business days prior notice to IMG, be entitled to retain an independent certified public accounting firm to audit the books and records of IMG pertaining to the payment of royalties to VERITAS hereunder, for the sole purpose of confirming the accuracy of the royalty payments and no more frequently than once in any twelve (12) month period. Any such audit shall be performed at VERITAS' expense during normal business hours and, at IMG's option, subject to the accounting firm's agreement to comply with confidentiality obligations comparable to those in Section 16 below. The accounting firm shall not, however, be prohibited from 18 <PAGE> reporting to VERITAS the results of the audit. In the event of any discrepancy, the applicable party shall promptly remit to the other party all amounts due.. 9.7

VERITAS Audit Rights. Until three (3) years after the applicable -------------------- royalty bearing event, VERITAS shall at any time, on at least ten (10) business days prior notice to IMGSeagate, be entitled to retain an independent certified public accounting firm to audit the books and records of IMG Seagate pertaining to the payment of royalties to VERITAS hereunder, for the sole purpose of confirming the accuracy of the royalty payments and no more frequently than once in any twelve (12) month period. Any such audit shall be performed at VERITAS' expense during normal business hours and, at IMGSeagate's option, subject to the accounting firm's agreement to comply with confidentiality obligations comparable to those in Section 16 12 below. The accounting firm shall not, however, be prohibited from reporting to VERITAS the results of the audit. In the event of any discrepancy, the applicable party shall promptly remit to the other party all amounts due.