Common use of Audit of Charges Clause in Contracts

Audit of Charges. In addition to any Customer's rights under Section 5.11 and Section 5.12 herein, upon at least thirty (30) days notice from such Customer and no more than once during any calendar year (unless a previous audit reveals a discrepancy), TPA shall provide such Customer with access to all applicable financial records and supporting documentation in respect of its charges to such Customer pursuant to this Agreement that are reasonably necessary to verify such charges. If, as a result of such audit, such Customer determines that TPA has overcharged such Customer, such Customer shall notify TPA of the amount of such overcharge and TPA shall promptly pay to such Customer the amount of the overcharge, plus interest at the rate of the prime rate published by the Wall Street Journal plus two percent (2%) pro rated per month (but in no event to exceed the highest lawful rate of interest), calculated from the date of payment of the overcharged amount until the date of payment to such Customer, unless disputed in good faith. All Confidential Information of TPA obtained as a result of any monitoring, audits or inspections pursuant to this Section 12.1 shall be held by such Customer in accordance with the provisions of Article