Certificate of independent accountants conclusive Sample Clauses
The 'Certificate of independent accountants conclusive' clause establishes that determinations or calculations made by an independent accountant are final and binding on the parties involved. In practice, this clause is often used in agreements where financial figures—such as earn-outs, adjustments to purchase price, or profit calculations—may be subject to dispute, and an independent accountant is appointed to review and certify the relevant numbers. By making the accountant's certificate conclusive, the clause provides a clear and authoritative resolution mechanism, reducing the potential for prolonged disagreements and ensuring that financial matters are settled efficiently and impartially.
Certificate of independent accountants conclusive. Unless otherwise specifically provided, the certificate or opinion of an independent firm of public accountants of recognized standing selected by the Board of Directors and acceptable to the Trustee in the exercise of reasonable care (which firm may be regular independent accountants to the Company ), shall be conclusive evidence of the correctness of any computation made under the provisions of this Indenture, and wherever reference is made in this Indenture to “generally accepted accounting principles” the certificate or opinion of such a firm shall be conclusive evidence thereof. The Company shall furnish to the Trustee upon its request a copy of any such certificate or opinion.