Common use of Audit Fees and Expenses Clause in Contracts

Audit Fees and Expenses. Pfizer shall bear any and all fees and expenses it may incur in connection with any such audit of the Relevant Records; provided, however, in the event an audit reveals an underpayment by Licensee of more than [***] as to the period subject to the audit, Licensee shall reimburse Pfizer for any reasonable and documented out-of-pocket costs and expenses of the audit within [***] after receiving invoices thereof, and notwithstanding the provisions of Section 6.2, Pfizer shall have the right to examine the Relevant Records of Licensee up to [***] every [***] for the [***] period following the audit revealing such underpayment.

Appears in 2 contracts

Samples: License Agreement (JATT Acquisition Corp), License Agreement (JATT Acquisition Corp)

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Audit Fees and Expenses. Pfizer shall bear any and all fees and expenses it may incur in connection with any such audit of the Relevant Records; provided, however, in the event an audit reveals an underpayment by Licensee Pyxis of more than [***] as to the period subject to the audit, Licensee Pyxis shall reimburse Pfizer for any reasonable and documented out-of-pocket costs and expenses of the audit within [***] after receiving invoices thereof, and notwithstanding the provisions of Section 6.27.2, Pfizer shall have the right to examine the Relevant Records of Licensee Pyxis up to [***] once every [***] for the [***] year period following the audit revealing such underpayment.

Appears in 1 contract

Samples: License Agreement (Pyxis Oncology, Inc.)

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Audit Fees and Expenses. Pfizer shall bear any and all fees and expenses it may incur in connection with any such audit of the Relevant Records; provided, however, in the event an audit reveals an underpayment by Licensee Pyxis of more than [***] as to the period subject to the audit, Licensee Pyxis shall reimburse Pfizer for any reasonable and documented out-of-pocket costs and expenses of the audit within [***] after receiving invoices thereof, and notwithstanding the provisions of Section 6.2, Pfizer shall have the right to examine the Relevant Records of Licensee Xxxxx up to [***] once every [***] for the [***] period following the audit revealing such underpayment.

Appears in 1 contract

Samples: License Agreement (Pyxis Oncology, Inc.)

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