Over-or Underpayment. If the audit reveals an overpayment, EVOTEC shall reimburse ROCHE for the amount of the overpayment within thirty (30) days. If the audit reveals an underpayment, ROCHE shall make up such underpayment with the next payment. ROCHE shall pay for the audit costs if the underpayment of ROCHE exceeds 5% of the amount due to EVOTEC for the total period being audited. Section 10.2 shall apply to this Section 12.3.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Evotec AG), Asset Purchase Agreement (Evotec AG)
Over-or Underpayment. If the audit reveals an overpayment, EVOTEC ROCHE shall reimburse ROCHE EVOTEC for the amount of the overpayment within thirty (30) days. If the audit reveals an underpayment, ROCHE EVOTEC shall make up such underpayment with the next royalty payment. ROCHE EVOTEC shall pay for the audit costs if the underpayment of ROCHE EVOTEC exceeds 5% of the amount due to EVOTEC ROCHE for the total period being audited. Section 10.2 13.2 shall apply to this Section 12.315.3.
Appears in 1 contract
Sources: License Agreement (Evotec AG)