Common use of Reports and Audit Clause in Contracts

Reports and Audit. ▇▇▇▇▇▇.▇▇▇ shall track sales from iVillage through a uniform resource locator and shall provide iVillage with monthly reports in a form satisfactory to iVillage. iVillage shall have the right to have examined by an independent certified public accounting fin-n acceptable to ▇▇▇▇▇▇.▇▇▇, such of ▇▇▇▇▇▇.▇▇▇'s books and records as are necessary to verify the accuracy of payments made to iVillage pursuant to this Agreement. iVillage is entitled to conduct such an audit only during normal business hours and no more frequently than once per calendar year. iVillage agrees to provide ▇▇▇▇▇▇.▇▇▇ with at least one week advance notice of any audit. The audit will be limited to revenue generated pursuant to this Agreement and the calculation of payments due to iVillage under this Agreement. If the audit reveals that ▇▇▇▇▇▇.▇▇▇ has paid iVillage less than the sum to which iVillage is entitled, ▇▇▇▇▇▇.▇▇▇ agrees to pay iVillage the additional sums due. If such sums exceed [*] of the total monies paid to iVillage under the Agreement, ▇▇▇▇▇▇.▇▇▇ will pay for all costs reasonably incurred by iVillage in connection with the audit.