Common use of Open Issues Clause in Contracts

Open Issues. If a Notice of Disagreement has been received by the Buyer pursuant to paragraph 1.2 of this Schedule 3, the parties shall try to amicably resolve the issue. Should they fail to do so within twenty (20) Business Days of the end of the aforesaid objection period of forty-five (45) days (for the purpose of this Schedule the “Disagreement Date”) then any such unresolved issue (for the purpose of this Schedule the “Open Issues”) shall be submitted to and settled by an accountant of a firm of international repute and with sufficient and relevant expertise (for the 132 purpose of this Schedule the “Accountant”) to be jointly appointed by the parties within fourteen (14) days of the Disagreement Date or, if the parties fail to agree on such appointment within that period, each party may make an application to the President of the Institute of Chartered Accountants in England and Wales to appoint the Accountant.

Appears in 1 contract

Sources: Share Purchase Agreement (GTT Communications, Inc.)

Open Issues. If a Notice of Disagreement has been received by the Buyer pursuant to paragraph 1.2 of this Schedule 3, the parties shall try to amicably resolve the issue. Should they fail to do so within twenty (20) Business Days of the end of the aforesaid objection period of forty-five (45) days (for the purpose of this Schedule the “Disagreement Date”) then any such unresolved issue (for the purpose of this Schedule the “Open Issues”) shall be submitted to and settled by an accountant of a firm of international repute and with sufficient and relevant expertise (for the 132 A44416060 112 purpose of this Schedule the “Accountant”) to be jointly appointed by the parties within fourteen (14) days of the Disagreement Date or, if the parties fail to agree on such appointment within that period, each party may make an application to the President of the Institute of Chartered Accountants in England and Wales to appoint the Accountant.

Appears in 1 contract

Sources: Share Purchase Agreement (GTT Communications, Inc.)

Open Issues. If a Notice of Disagreement has been received by the Buyer pursuant to paragraph 1.2 of this Schedule 3, the parties shall try to amicably resolve the issue. Should they fail to do so within twenty (20) Business Days of the end of the aforesaid objection period of forty-five (45) days (for the purpose of this Schedule the “Disagreement Date”) then any such unresolved issue (for the purpose of this Schedule the “Open Issues”) shall be submitted to and settled by an accountant of a firm of international repute and with sufficient and relevant expertise (for the 132 purpose of this Schedule the “Accountant”) to be jointly appointed by the parties within fourteen (14) days of the Disagreement Date or, if the parties fail to agree on such appointment within that period, each party may make an application to the President of the Institute of Chartered Accountants in England and Wales to appoint the Accountant.

Appears in 1 contract

Sources: Sale and Purchase Agreement (GTT Communications, Inc.)