Common use of Monthly True Up Clause in Contracts

Monthly True Up. A Paying Party may, after the end of each calendar month, conduct an audit of the books and records of a Receiving Party to confirm the existence of all Submitted Claims and the accuracy of the calculation of the Submitted Claims and Receiving Party will provide Paying Party and its agents reasonable access to its books and records for this purpose. In the event a Paying Party reasonably determines that it overpaid a Submitted Claim, the Receiving Party will reimburse the overpayment by wire transfer on the third business day following the receipt by it of written notice of overpayment.

Monthly True Up. A Paying Party may, after the end of each calendar month, conduct an audit of the books and records of a Receiving Party to confirm the existence of all Submitted Claims and the accuracy of the calculation of the Submitted Claims and a Receiving Party will provide a Paying Party and its agents reasonable access to its books and records for this purpose. In the event a Paying Party reasonably determines that it overpaid over paid a Submitted Claim, the Receiving Party will reimburse the overpayment by wire transfer on the third business day following the receipt by it of written notice of overpayment.