Industry Expert Clause Samples
The 'Industry Expert' clause designates a qualified individual with specialized knowledge or experience in a particular field to provide guidance, opinions, or decisions relevant to the contract. Typically, this expert may be called upon to resolve technical disputes, assess compliance with industry standards, or offer recommendations on best practices. By involving an impartial and knowledgeable third party, the clause helps ensure that complex or technical matters are addressed accurately and fairly, reducing the risk of misunderstandings or prolonged disagreements between the parties.
Industry Expert. If, within 30 Days after the other Party’s receipt of the First ▇▇▇▇▇▇▇ Redetermination Notice or Second ▇▇▇▇▇▇▇ Redetermination Notice, as applicable, the Parties have not entered into an amendment to this Agreement reflecting the Parties’ agreement regarding adjustments to the ▇▇▇▇▇▇▇ Fees, then either Party may notify the other of its request to have an Industry Expert determine adjustments to all or any portion of the ▇▇▇▇▇▇▇ Fees (the Party to give such a notice, the “Notifying Party”, and the recipient of such a notice, the “Receiving Party”). Upon the receipt of such a request for an Industry Expert determination from the Notifying Party, the Notifying Party and Receiving Party shall confer in good faith for up to 5 Business Days to agree on the selection of an Industry Expert to determine if, taking into account the factors enumerated above in Section 3(c) of this Exhibit A, an adjustment to the ▇▇▇▇▇▇▇ Fees is appropriate. If the Parties are unable to agree upon the selection of an Industry Expert within such 5 Business Day period, then each of the Notifying Party and Receiving Party will select an Industry Expert and the two firms so selected will select a Person to serve as the Industry Expert. Following such selection of an Industry Expert, each Party shall present to the Industry Expert a written statement of its position on proposed adjustments to the ▇▇▇▇▇▇▇ Fees (including its methodology for calculating such adjustments) not later than 30 Days after the selection of such Industry Expert. The Industry Expert may, within 30 Days after its receipt of such statements, request such additional information from either or both Parties as the Industry Expert may deem reasonably necessary or desirable for purposes of making its determination. Each Party agrees to promptly provide the Industry Expert with all information so requested of it. The Industry Expert shall make its determination in a manner consistent with Section 3(c) of this Exhibit A above and Schedule A8. The Industry Expert shall be instructed to determine and submit to the Parties its decision regarding adjustments to all or any portion of the ▇▇▇▇▇▇▇ Fees; provided, however, that any increase or decrease to any Fee determined by the Industry Expert shall be subject to the ▇▇▇▇▇▇▇ Redetermination Cap. The decision of the Industry Expert shall be conclusive, binding upon, and non-appealable by the Parties; provided that, the decision of the Industry Expert shall not be binding on the G...
Industry Expert. 10.1. An Industry Expert shall be an expert in the pharmaceutical industry agreed by the Investors or, failing agreement within five Business Days, nominated by the President for the time being of the Law Society of Ireland.
10.2. The Industry Expert shall act on the following basis:
10.2.1. the Industry Expert shall act as an expert and not as an arbitrator and the provisions of the Arbitration Acts 2010 shall not apply to him or his determination;
10.2.2. the Industry Expert is to make a decision on the dispute and notify the parties of his decision within 20 Business days of his appointment;
10.2.3. the parties shall respectively provide all the information relating to the Group and its business which the Industry Expert reasonably requires;
10.2.4. the decision of the Industry Expert is, in the absence of fraud or manifest error, final and binding on the parties;
10.2.5. the costs of the Industry Expert shall be paid by the Company.
Industry Expert. AshBritt collected and removed 8,000 ,000 cubic yards of debris during the first 90 days of our 2017 Hurricane ▇▇▇▇ mission and 9,000,000 cubic yards of debris during the first 60 days of our Hurricane ▇▇▇▇▇▇▇ United States Army Corps of Engineers (USACE) mission. AshBritt works year-round with the federal and state agencies governing disaster recovery, specifically FEMA. We understand the importance to a client of maximizing federal reimbursement and we have proven experience completing missions within the intervals established by the ▇▇▇▇▇ Recovery Improvement Act.