Audited Party definition

Audited Party means the Party being audited by the Auditing Party.

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Audited Party shall have the meaning set forth in Section 5.3(b).

Audited Party has the meaning set forth in Section 7.9.

Examples of Audited Party in a sentence

The Audited Party will keep such books and records for [***] years following the Calendar Year to which they pertain.
The other Party (the “Auditing Party”) may, upon written request, cause an internationally-recognized independent accounting firm (the “Auditor”) that is reasonably acceptable to Audited Party to inspect the relevant records of the Audited Party and its Affiliates to verify COGS, Gross Margin or Royalties, as applicable, and the related reports, statements and books of accounts, as applicable.
The Auditor will provide its audit report and basis for any determination to the Audited Party at the time such report is provided to the Auditing Party.
In the event that the final result of the inspection reveals an undisputed underpayment or overpayment by the Audited Party, the underpaid or overpaid amount will be settled promptly.
The Audited Party and its Affiliates will make their records available for inspection by the Auditor during regular business hours at such place or places where such records are customarily kept, upon receipt of reasonable advance notice from the Auditing Party.

Audited Party shall have the meaning set forth in Section 8.2(a).

Audited Party has the meaning set forth in Section 3.9 (Records and Audits).

Audited Party has the meaning set forth in Section 10.12.3.

Audited Party is defined in Section 4.03(a)(ii).

Audited Party shall have the meaning assigned to such term in Section 7.5.

Audited Party has the meaning set forth in Section 5.7.2.

Audited Party has the meaning assigned to such term in Section 5.2(1)(ii).