Audit Receivables definition
Audit Receivables means, with respect to each Calendar Year and until the Annual Threshold has been met for such Calendar Year, amounts payable to the Issuer under Section 8.9 of the License Agreement following an audit of the Licensee conducted pursuant to Section 8.9 of the License Agreement to the extent such amounts are attributable to Royalties (after giving effect to all Permitted Royalty Reductions) that were owed but unpaid for such Calendar Year.