Objections Statement Clause Samples
An Objections Statement clause defines the process by which a party formally raises concerns or disputes regarding specific aspects of an agreement or action. Typically, this clause outlines the timeframe within which objections must be submitted, the required format or documentation, and the issues to which objections may pertain, such as deliverables, invoices, or performance. Its core function is to ensure that any disagreements are promptly and clearly communicated, thereby facilitating timely resolution and preventing misunderstandings or waiver of rights due to silence.
Objections Statement. After delivery of B▇▇▇▇’s proposed Agreed Valuation and Tax Allocations, Buyer shall give Seller and its representatives reasonable access to review Buyer’s work papers related to the preparation of the proposed Agreed Valuation and Tax Allocations. Seller and its representatives may make inquiries of Buyer regarding questions concerning, or disagreements with, the Agreed Valuation and Tax Allocations arising during its review thereof. If Seller has any objections to the Agreed Valuation and Tax Allocations, Seller shall deliver to Buyer a statement setting forth its objections thereto (an “Objections Statement”). If an Objections Statement is not delivered to Buyer within forty-five (45) days after delivery of the proposed Agreed Valuation and Tax Allocations, the proposed Agreed Valuation and Tax Allocations shall be final, binding and non-appealable by the Parties; provided, that, in the event Buyer does not provide any papers or documents reasonably requested by Seller or any of its representatives within five (5) days of request therefor (or such shorter period as may remain in such forty-five (45)-day period), such forty-five (45)-day period will be extended by one day for each additional day required for Buyer to fully respond to such request; provided, further, that such forty-five (45)-day period will be extended a minimum of ten (10) days following the date on which Buyer have fully responded to such request.
Objections Statement. The Objections Statement shall set out reasons why any amount(s) set forth in the applicable Purchase Price Statement is or are, as the case may be, not acceptable to the Sellers and specifically detail the particulars of the adjustments the Sellers asserts should be made to such Purchase Price Statement.
Objections Statement. 1.5.3.1 Owned Real Property ............................................ 1.1.2 Payors ......................................................... 2.19.1
Objections Statement. Within 45 days after Purchaser’s receipt of the Closing Statement, Purchaser shall deliver, or cause to be delivered, to the Company and the RHP Member a written statement either accepting the Closing Statement or specifying any objections thereto in reasonable detail (an “Objections Statement”), which objections shall be limited to mathematical errors and calculations or determinations of amounts not in accordance with this Agreement. If Purchaser does not deliver, or cause to be delivered, an Objections Statement within such 45-day period, then the Closing Statement shall become final and binding upon all parties hereto; and any matter set forth in the Closing Statement that is not objected to by Purchaser in the Objections Statement shall become final and binding upon all parties hereto.
Objections Statement. On or prior to the last day of the Review Period, Seller shall deliver to Buyer a written statement either accepting the Post-Closing Net Working Capital Statement or specifying any objections thereto in reasonable detail (an “Objections Statement”). If Seller does not deliver an Objections Statement on or prior to such date, then the Post-Closing Net Working Capital Statement shall become final and binding upon all Parties. If Seller delivers an Objections Statement on or prior to such date, then Seller and Buyer shall negotiate in good faith for 15 days following Buyer’s receipt of such Objections Statement to resolve Seller’s objections. Any such objection that Buyer and Seller is unable to resolve during such 15-day period is referred to as a “Working Capital Dispute.” After such 15-day period, any matter set forth in the Post-Closing Net Working Capital Statement that is not a Working Capital Dispute shall become final and binding upon all Parties. If Buyer and Seller are unable to resolve all objections during such 15-day period, then any Working Capital Disputes, and only such Working Capital Disputes, shall be submitted to the Accounting Firm for final resolution in accordance with the procedures set forth in Section 2.8. Upon delivery of such resolution, the Post-Closing Net Working Capital Statement, as modified in accordance with such resolution and any other mutual resolutions of the Parties, shall become final and binding upon all Parties. The Net Working Capital amount set forth on the Post-Closing Net Working Capital Statement as finally determined in accordance with this Article II shall constitute the “Final Net Working Capital”.