Audit Payments definition

Audit Payments means, with respect to each Fiscal Year until the Annual Threshold has been met for such Fiscal Year, amounts payable to Issuer under Section 8.9 of the License Agreement following an audit of ▇▇▇▇▇ conducted pursuant to Section 8.9 of the License Agreement to the extent such payments are attributable to Royalties (after giving effect to all Permitted Royalty Reductions) that were owed but unpaid for such Fiscal Year.
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Audit Payments means amounts paid to the Issuer in connection with Audit Receivables.
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Audit Payments has the meaning given to such term in Section 6.13.
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Examples of Audit Payments in a sentence

  • The portion of the Partnership Audit Payments that are apportioned to a Member or former Member shall be treated as a payment of Withheld Taxes under Section 5.1(b) with respect to such Member and shall be subject to the provisions of Section 5.1(b).

  • The local Department of Children & Families Economic Self-Sufficiency office or Audit Payments Unit will supply the contractor with the forms and income qualifications.

  • The Company shall pay any such Audit Payments out of the funds deposited by Sellers with the Escrow Agent pursuant to the Audit Escrow Agreement.

  • If such Audit Escrow Amount is insufficient to cover the entire amount of such Audit Payments, then Sellers shall immediately reimburse the Company for the amount of any such Audit Payments paid by the Company in excess of the Audit Escrow Amount.