Binding Advice Clause Samples
Binding Advice. 1 The ruling of the Disputes Committee will only then have the power of a binding advice if both parties to the dispute so request.
Binding Advice. The Dispute Committee shall render a Binding Advice within twenty (20) Business Days after a dispute has been submitted to it in accordance with these regulations. The Dispute Committee shall be authorised to extend this time limit if reasonableness and fairness so require which specifically may be the case:
Binding Advice. The Reporting Accountants shall act as experts and not as arbitrators and their determination of any matter falling within their jurisdiction shall be final and binding on Seller (and the relevant member(s) of Seller’s Group) and Purchaser (and the relevant member of Purchaser’s Group), save in the event of manifest error (when the relevant part of their determination shall be void and the matter shall be remitted to the Reporting Accountants for correction). In particular, without limitation, their determination shall be deemed to be incorporated into the relevant Working Capital Statement or Net Debt Statement, as the case may be. In resolving any matter specified in a Notice of Disagreement, the Reporting Accountants shall not assign a value to any item greater than the greatest value for such item claimed by either Party or less than the smallest value for such item claimed by either Party.