Common use of Price Determinations Clause in Contracts

Price Determinations. The determination of the amount of the Buy/Sell Price, the Reply Price and any other amounts payable pursuant to this Article 14 shall be made by the independent accountants then employed by the Company on the basis of the Asset Value set forth in the Buy/Sell Notice and the Cash Assets and liabilities of the Company reflected on the books of the Company as of the date of closing of the buy/sell, and shall not include any adjustments for lack of liquidity or minority or majority ownership interests. Their determination shall be final and nonappealable, absent manifest error.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement (Gallagher Arthur J & Co)

Price Determinations. The determination of the amount of the Buy/Sell Price, the Reply Price and any other amounts payable pursuant to this Article 14 shall be made by the independent accountants then employed by the Company on the basis of the Asset Value set forth in the Buy/Sell Notice and the Cash Assets and liabilities of the Company reflected on the books of the Company as of the date of closing of the buy/sell, and shall not include any adjustments for lack of liquidity or minority or majority ownership interests. Their which determination shall be final and nonappealable, absent manifest error.

Appears in 1 contract

Sources: Operating Agreement (Gallagher Arthur J & Co)