Common use of Calculation Disputes Clause in Contracts

Calculation Disputes. ‌ If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Settlement Amount, in whole or in part, the Defaulting Party will, within two (2 ) Business Days of receipt of Non-Defaulting Party’s calculation, provide to the Non-Defaulting Party a detailed written explanation of the basis for such dispute; provided, however, that the Defaulting Party must first transfer to the Non-Defaulting Party an amount equal to the full Settlement Amount. References to Defaulting Party and Non-Defaulting Party in this Section 9.5 include the Potentially Defaulting Party and Potentially Non-Defaulting Party, as applicable.

Appears in 2 contracts

Samples: Guaranty, Guaranty

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Calculation Disputes. ‌ If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Settlement AmountAmount or Termination Payment, in whole or in part, the Defaulting Party will, within two (2 ( 2) Business Days of receipt of Non-Defaulting Party’s calculation, provide to the Non-Defaulting Party a detailed written explanation of the basis for such dispute; provided, however, that the Defaulting Party must first transfer to the Non-Defaulting Party an amount equal to the full Settlement AmountTermination Payment. References to Defaulting Party and Non-Defaulting Party in this Section 9.5 include the Potentially Defaulting Party and Potentially Non-Defaulting Party, as applicable.

Appears in 2 contracts

Samples: Credit Purchase and Sale Agreement, Purchase and Sale Agreement

Calculation Disputes. ‌ If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Settlement AmountAmount or Termination Payment, in whole or in part, the Defaulting Party will, within two (2 ) Business Days of receipt of Non-Defaulting Party’s calculation, provide to the Non-Defaulting Party a detailed written explanation of the basis for such dispute; provided, however, that the Defaulting Party must first transfer to the Non-Defaulting Party an amount equal to the full Settlement AmountTermination Payment. References to Defaulting Party and Non-Defaulting Party in this Section 9.5 include the Potentially Defaulting Party and Potentially Non-Defaulting Party, as applicable.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Calculation Disputes. If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Settlement Amount, in whole or in part, the Defaulting Party will, within two (( 2 ) Business Days of receipt of Non-Defaulting Party’s calculation, provide to the Non-Defaulting Party a detailed written explanation of the basis for such dispute; provided, however, that the Defaulting Party must first transfer to the Non-Defaulting Party an amount equal to the full Settlement Amount. References to Defaulting Party and Non-Defaulting Party in this Section 9.5 9 . 5 include the Potentially Defaulting Party and Potentially Non-Defaulting Party, as applicable.

Appears in 1 contract

Samples: Guaranty

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