Neutral Accountant Sample Clauses
The Neutral Accountant clause designates an independent, impartial accountant to resolve financial disputes or perform calculations between parties under a contract. Typically, this clause outlines the process for selecting the accountant, the scope of their authority, and how their fees will be shared. By appointing a neutral third party, the clause ensures that complex accounting issues are settled fairly and efficiently, reducing the risk of prolonged disagreements and maintaining trust between the parties.
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Neutral Accountant. In the event Purchaser and Sellers' Representative cannot agree upon the calculations required under Sections 4.1.2 and/or 4.1.3 within 20 days after any notice of objection has been given by Sellers' Representative to Purchaser, as applicable, then at the election of either Sellers' Representative or Purchaser, the dispute shall be submitted to the Neutral Accountant (as defined below) and the matter should be resolved in accordance with the following procedures, unless Purchaser and Sellers' Representative mutually agree to continue their efforts to resolve such differences: (i) the Neutral Accountant shall resolve such differences pursuant to an engagement agreement among Purchaser, Sellers’ Representative and the Neutral Accountant (which Purchaser and Seller agree to execute promptly), in the manner provided below. For purposes of this Agreement, “
Neutral Accountant. Neutral Accountant" shall mean shall mean Ernst & Young LLP (Boston, Massachusetts office) or if such specified party fails to serve, another regional or national recognized firm (other than an accounting firm that has provided services to Deerfield or NitroMed within the past three years) mutually agreed upon by Deerfield and NitroMed.
Neutral Accountant. If a dispute arises regarding review or certification of statements or invoices pursuant to Article V, which dispute is not resolved by informal dispute resolution or the DRP, the Parties shall submit the dispute to a Neutral Accountant selected by the Pioneer Accountant and the OCC Tacoma Accountant prior to the mediation procedure described in clause (e) below. The *CONFIDENTIAL PORTIONS HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND RULE 24b-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.