Auditing Company definition
Examples of Auditing Company in a sentence
However, such Auditing Company shall not be entitled to reveal to Nycomed any details of its review and calculation including, without limitation, the prices charged to Patheon by its Suppliers or Subcontractors.
Such Auditing Company shall only be entitled to communicate to Partner the relevant change of the Manufacturing Compensation, but shall in no event be entitled to reveal to Partner any details of its review of Nycomed’s books and records and its related calculation including, without limitation, the prices charged to Nycomed by its Suppliers.
Such Auditing Company shall sign a standard form confidentiality agreement in a form to be agreed between the Parties and shall then be entitled to review only the Patheon's financial records strictly necessary to make such final determination of, and to communicate to the Parties, the relevant change of the Supply Price resulting from the application of the principles set forth in Section 7.2. Such determination shall be final and binding upon the Parties.
Such determination by such Auditing Company shall, if relevant, retroactively, apply to the calculation of the Manufacturing Compensation for all deliveries of Bulk Product scheduled to be made following notification by Nycomed to Partner of the relevant price adjustment.
The costs of such Auditing Company shall be borne by Nycomed, if there is a deviation to the detriment of Partner, and by Partner, if there is no deviation or a deviation to the detriment of Nycomed.
If the issue should not have been resolved within a period of [***] month from receipt by Patheon of the relevant Nycomed Objection Notification, then the issue of an adjustment of the Supply Price shall be determined by a reputable international accounting firm to be promptly agreed by the Parties in good faith (the "Auditing Company"; PriceWaterhouseCoopers and KPMG are acceptable to both Parties).
Such Auditing Company shall sign a standard form confidentiality agreement prepared by Partner and shall then be entitled to review Nycomed’s financial and other books and records to the extent necessary to make such final determination of, and to communicate to the Parties, the relevant change of the Manufacturing Compensation resulting from the application of the principles set forth in Sections 11.2.2.1 and 11.2.2.2. Such determination shall be final and binding upon the Parties.