definiens: shall mean the acrual invoiced sal~ recorded as revenuc~ by Edwards ur its Affiliates under its accounting policies ( as approved by Edwards ' auditors ), from ! be sale, rent, lcaseof or Olberwise making aVllilable to third panie$. not affiliated with EtJwards, Disposable Products, oct . of any royally paid to ! Illy thinJ pany ( other tbll / l PLC ), llfJd leM!be following, " -~ applicable : refunds, di$C(lunts, credits allowed to purchaSCnl for retum of Disposable Producls or as n::imhulUment for damagcd Disposable Products, freight, in ~ ur anee, and other shipping chargcs, sale,~ and use taxes, eustanl~ duties, and any other govemmental taJl or eharge ( except iJKOIIX taxe / i ) im~ on Of at the time ortbc prodllction, importation, use, or : sale of Dispcmhle Produets, including any value added tUM ( V An, as adjusted for ot : biltes and refunds . For conver5ion of forcign eunency to U.S. doll(llll wilb IC::ijIOCt to salCll orDil.~ le Products in a roreign currency,!be C(Jl\ven;oo method and rate sb;U1 be the oonvernioo . method ! Ind rate used by Edwards to couvert the applicable sales into U.S. dollars far purposes nf tile Jl""'n ! . ' ;, sucb con vcrsion to be clllculated in accordance with gcnerally accepted accouuting principles in the United State .. ", applied COMi ~ tently, Pi . C sllaUllave 1he follovdllg O&bIIO audit EtJwlU'lb ' books and rC\;olds to the cxtent n ~ y to verify Edwanh ' calculation of Net Sales . PLC, tbrougb an independent cer1ifll!:d publ ; . ; aoxouu\.ll1 t ( provided that soch independent certified public acoountant is IJ ( ) ( compen ~ ted on a contingency basis ) 01 ', alternatively . a senior PLC financial executivc, ~ubjo::t in either ease to a wriUen non - disalOllure agreement with cdward~, sh.uJ ha"e the righi, during llOImal bus ine ~ s hours and upon tbirty ( 0 ) days advance wriUen notice to Edwards, and no mo~ often than once per calcndar year, 10 in~-pcct Edwards ' Net Sales records spc : cifically relating to & lwards ' Dis ~ ble Royalty P - JymCDt obligal~ unller this letter agreement . Edwards shall have the right to have a l'ePf1=!iC'ntative present at all such iru;peclions . Further, such certifted publi . ; aooountant agre.:s to romp!y wilh all ofEdwllIds ' safety and security requirementS during any visit~ 10 F, dwllnh ' facilili~, In the cvent the examlniUion shows an underpayment, Edwards shall pay PLC the amounts underpaid plus interest on the underpaym ent at the Prime Ratc published from time 10 time ill the Wall Street Iournal . Ptc ad : nowledges that Edward$ ' records contain wnfidential trade imonnatiou, lixccpl in cO!lDCI.1ion witb resolving issucs concerni ng disputed DiSflOS < lb le Royall ) ' P : tymenlt in lII;rot'dancc with t ~ dbpu!e ~ Iution pIDVisiOOll in this leiter, neither PLC rJ(M " itS reptnCnlativo ; ~h : tll al any time wmmunica!e to ( ) ( hcrs or use any fllCts Of ' inform ~ lion obtained as a result of such inspcdion Or audit of Edward~ ' Net Sales records . UDder no cireumstan ~ shftlJ such Independent certified public : toXUuntant or such ~ni < w PLC financial executive provide othcr em('lloyees of PLC with any information regarding the identity of Edwards ' customers I)r provide PLC with any copies of Edwards ' cU.l<)mer lists . PLC 's right to inspect Edwards ' Net Salc~ records shill ] be limited to the current year for wh)ch Net S.les of the Disposable Produets arc payable and the illUnedia tely preceding one : ( I ) c;ilendar year period . Notwith ~ aJlding anything in this ktter agrccrncm 10 the,, ; ontr.uy