Examples of Objection Notice in a sentence
If an Objection Notice is timely and properly delivered, an authorized representative of each of Purchaser and the Sellers’ Representative will promptly engage in good faith discussions to resolve any discrepancies or issues identified in connection with the review of the Closing Statement (each, an “Objection”, and any Objection actually resolved by mutual agreement of the Purchaser and the Seller, the “Agreed Adjustments”).
Any amount, determination or calculation contained in the Closing Statement and not specifically disputed in a timely delivered Objection Notice shall be deemed final, binding and conclusive upon each Party and each of their Affiliates, successors and assigns.
The Independent Auditor (acting as an expert and not an arbiter) will consider only those Objections specifically disputed in the Objection Notice that did not become Agreed Adjustments and are identified as being items and amounts to which Purchaser and the Sellers’ Representative have been unable to agree.
In resolving any such disputed item or amount, the Independent Auditor may not assign a value to any item or amount that is higher than the highest value for such item or amount claimed by a Party or lower than the lowest value for such item or amount claimed by a Party in the Closing Statement or the Objection Notice, as applicable.