Common use of Costs of Report or Audit Clause in Contracts

Costs of Report or Audit. The costs of any investigation, examination or audit shall be borne by the Exchange unless such investigation, examination or audit reveals an under-payment by Data Recipient of 10% or more or a material breach of the rights or licences granted to Data Recipient hereunder, in which case, Data Recipient shall reimburse the Exchange for its reasonable costs and expenses directly related to conducting such investigation, examination or audit.