Accounting; Audit. 11.1 The Organization will:
Accounting; Audit. A. Grantee shall maintain proper accounting records in accordance with generally accepted accounting principles. All financial documents and transactions associated with this grant shall be available to the City for inspection, copying, and audit purposes during regular business hours.
Accounting; Audit. Each Party agrees to keep full, clear, and accurate records in accordance with the Accounting Standards applicable to such Party, consistently applied, for a period of at least three years after the relevant payment is owed pursuant to this Agreement, setting forth Development costs, including Shared Development Costs, COGS, and sales of the Licensed Products in sufficient detail to enable amounts owed or payable to the other Party hereunder, to be determined. Each Party further agrees to permit its books and records to be examined by an independent accounting firm selected by the auditing Party and reasonably acceptable to the audited Party to verify (a) with respect to Licensee’s right to audit, the Quarterly Reports and the reports provided for in Section 4.1.4 (Payment of Licensee R&D Cost Share), reports of any costs and expenses associated with any Additional Development performed by Akebia that Licensee [***] in accordance with Section 4.3.3 (Reimbursement for Additional Development), and COGS charged pursuant to Section 8.3 (Supply Agreements), and (b) with respect to Akebia’s right to audit, the reports provided for in Section 4.1.4 (Payment of Licensee R&D Cost Share) related to any [***] Costs, reports of any costs and expenses associated with any Additional Development performed by Licensee that Akebia [***] in accordance with Section 4.3.3 (Reimbursement for Additional Development), and royalty payments based on Net Sales (subject to such independent accounting firm’s written obligations of confidentiality and non-use applicable to each Party’s Confidential Information that are at least as stringent as those set forth described in Article XIII (Confidentiality)). Such auditor will be bound by a legal agreement obligating it to maintain the confidentiality of such information. Such audit will not be (i) performed more frequently than once per calendar year, (ii) conducted for any calendar year more than three years after the end of such year, or (iii) repeated for any calendar year. Such examination is to be made at the expense of the auditing Party, except in the event that the results of the audit reveal an underpayment (or excess credit in the case of [***] Costs that may be credited pursuant to Section 4.1.3 (Development Cost Sharing) or overcharge in the case of COGS charged pursuant to Section 8.3 (Supply Agreements)) by the audited Party of [***]% or more during the period being audited, in which case reasonable audit fees for such exami...
Accounting; Audit. 8.7.1 Each Party (the “Payor”) agrees to keep, and to require its Affiliates and Sublicensees to keep, full, clear and accurate records for a minimum period of [**] after the relevant payment is owed pursuant to this Agreement, setting forth as applicable the sales and other disposition of Products sold or otherwise disposed of, the Development and Commercialization activities with respect to Products, and the Development Costs incurred therewith (including as specified in Section 2.2.2), in sufficient detail to enable royalties and compensation payable to, or the Development Costs payable by, the other Party (the “Payee”) hereunder to be determined.
Accounting; Audit. 15 EXHIBIT 10.52 SECTION THREE...............................................................16
Accounting; Audit. Contractor shall keep, and require any subcontractor to keep, a complete set of records showing actual reimbursable costs in connection with the Work. In compliance with the foregoing, Contractor will follow instructions which may be given by Owner:
Accounting; Audit. The Joint Venture Company shall employ an independent and dependable accounting firm that is registered and operated in China, and the employment of the firm must be approved by the BOD committee. The employed accounting firm shall perform an audit on annual financial statement and half year financial statement of the Joint Venture Company and submit financial audit report to the BOD committee and CEO. Chapter 13 Bank Account and Foreign Currency
Accounting; Audit. (i) Distributor shall account (including remittance of all amounts payable) to CAS on a calendar quarterly basis with respect to the CAS’ Share, CAS Ancillary Rights Royalty and, if applicable, the TM Royalty, for the initial two (2) years following the initial commercial release or broadcast of each New Season, Feature Derivative Production or, if applicable, ancillary program or Chosen-Branded Production, as the case may be, hereunder and on a calendar semi-annual basis thereafter for so long as amounts of the CAS’ Share, CAS Ancillary Rights Royalty and, if applicable, TM Royalty are payable to CAS hereunder, with accounting statements to be rendered within thirty (30) days after the end of each applicable accounting period. All accounting shall be of quality and specificity as provided herein, and in all cases shall include any and all material underlying licensee or sub-distributor statements rendered to Distributor to CAS, in good faith, may reasonably designate additional specificity to be included in Distributor’s accountings, including as necessary or material to enable CAS to comply with applicable law. Accountings shall be stand-alone for each of (and not be crossed between or among) the separate Commercial Exploitation Gross Receipts, CAS Ancillary Rights Royalty and, if applicable, the TM Royalty.
Accounting; Audit. 18.1 The C and Subsidiary shall prepare a loss and profit statement, balance sheets and other fiscal year reports for each month, each quarter and each fiscal year. The monthly accounting report shall be made by the end of the following month and the quarterly report shall be sent within thirty (30) days of the end of the relevant quarter, to each Party and at the same time, the Subsidiary’s financial information shall be submitted to concerned authorities of [ ], if re- quested or necessary.
Accounting; Audit. PC shall report and account to TFC on a standard quarterly basis as defined below and shall remunerate all sums due PC within forty-five (45) days from the end of each quarter. All payments due to TFC hereunder will be rendered in U.S. dollars. PC agrees to keep accurate books and records with respect to the revenue of the Picture related to this Agreement. Upon reasonable advance written notice (in no event less than thirty (30) days) for up to two (2) years following the end of this Agreement, TFC may, at its sole expense, directly audit or appoint a certified public accountant to audit applicable books and records at PC’s principal place of business for the sole purpose of verifying the amounts due hereunder. Such audit must take place during regular business hours and may not occur more than once in any twelve (12) month period. In the event the audit reveals an underpayment with respect to any accounting period (“Shortfall”), PC shall immediately pay TFC the amount of Shortfall. In addition, if any such Shortfall is more than five percent (5%) of the total amount actually payable to TFC with respect to such accounting period (including the Shortfall) but in no event less than $5,000 USD, then PC shall reimburse TFC for the reasonable costs of such audit.
