Accounting Firm Expenses. The fees, costs and expenses of the Accounting Firm shall be allocated between the Buyer, on the one hand, and the Seller, on the other hand, based upon the percentage which the portion of the Purchase Price Disputes not awarded to each party bears to the amount actually contested by such party. For example, if the Seller challenges the Closing Statement by an amount of $1,000 and if the Accounting Firm ultimately resolves the Purchase Price Dispute by determining that the Seller has a valid claim for only $300, then the fees, costs and expenses of the Accounting Firm will be allocated 30% (i.e., 300 ÷ 1,000) to the Buyer and 70% (i.e., 700 ÷ 1,000) to the Seller.
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Samples: Share Purchase Agreement (Hemisphere Media Group, Inc.), Membership Interest Purchase Agreement (Hemisphere Media Group, Inc.)
Accounting Firm Expenses. The fees, costs and expenses of the Accounting Firm shall be allocated between the Buyer, on the one hand, and the Seller, on the other hand, based upon the percentage which the portion of the Purchase Price Disputes not awarded to each party bears to the amount actually contested by such party. For example, if the Seller challenges claims that the Closing Statement by an amount of appropriate adjustments are $1,000 greater than the amount determined by the Buyer and if the Accounting Firm ultimately resolves the Purchase Price Dispute by determining that awarding to the Seller has a valid claim for only $300300 of the $1,000 contested, then the fees, costs and expenses of the Accounting Firm will be allocated 30% (i.e., 300 ÷ 1,000) to the Buyer and 70% (i.e., 700 ÷ 1,000) to the Seller.
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Samples: Securities Purchase Agreement (Hemisphere Media Group, Inc.), Asset Purchase Agreement (Wausau Paper Corp.)
Accounting Firm Expenses. The fees, costs and expenses of the Accounting Firm shall be allocated between the Buyer, on the one hand, Buyer and the Seller, on the other hand, Seller based upon the percentage which the portion of the Purchase Price Disputes not awarded to each party bears to the amount actually contested by such party. For example, if the Seller challenges claims that the Closing Statement by an amount of appropriate adjustments are $1,000 greater than the amount determined by the Buyer and if the Accounting Firm ultimately resolves the Purchase Price Dispute by determining that awarding to the Seller has a valid claim for only $300300 of the $1,000 contested, then the fees, costs and expenses of the Accounting Firm will be allocated 30% (i.e., 300 ÷ 1,000) to the Buyer and 70% (i.e., 700 ÷ 1,000) to the Seller.
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