Common use of Underpayment; Overpayment Clause in Contracts

Underpayment; Overpayment. After reviewing the CPA Firm’s audit report, GNE shall promptly pay any uncontested, understated amounts due to Immunocore. Any overpayment made by GNE or any Affiliate or Sublicensee shall be promptly refunded or fully creditable against amounts payable in subsequent payment periods, at GNE’s election. Any audit under Section 14.7.2 shall be at Immunocore’s expense; provided, however, GNE shall reimburse reasonable audit fees for a given audit if the results of such audit reveal that GNE and any Affiliate or Sublicensee underpaid Immunocore [***] for the audited period [***].

Underpayment; Overpayment. After reviewing the CPA Firm’s audit report, GNE Immunocore shall promptly pay any uncontested, understated amounts due to ImmunocoreGNE. Any overpayment made by GNE or any Affiliate or Sublicensee shall be promptly refunded or fully creditable against amounts payable in subsequent payment periods, at GNEImmunocore’s election. Any audit under Section 14.7.2 7.7.2 shall be at ImmunocoreGNE’s expense; provided, however, GNE Immunocore shall reimburse reasonable audit fees for a given audit if the results of such audit reveal that GNE Immunocore and any Affiliate or Sublicensee underpaid Immunocore GNE [***] for the audited period [***].