Common use of Audit Expenses Clause in Contracts

Audit Expenses. The fees and expenses of representatives of the University performing such an examination will be borne by the University. However, if an underpayment to the University in an amount in excess of *** for a particular year is discovered, then the reasonable fees and expenses of such representatives will be borne by Santarus.

Appears in 3 contracts

Sources: Exclusive License Agreement (Salix Pharmaceuticals LTD), Exclusive License Agreement (Santarus Inc), Exclusive License Agreement (Santarus Inc)