Common use of Resolution Period Clause in Contracts

Resolution Period. If a Dispute Notice is duly delivered pursuant to Section 2.2(c), Buyer and Seller will, during the thirty (30) days following such delivery (the “Resolution Period”), use commercially reasonable efforts to reach agreement on the Disputed Items or amounts in order to determine the amount of the Closing Net Asset Value and/or the Final Purchase Price, as applicable. If Buyer and Seller are able to reach agreement with respect to any Disputed Items, Buyer will promptly revise the Closing Statement to reflect such agreement.

Appears in 3 contracts

Samples: Asset Purchase Agreement (William Lyon Homes), Asset Purchase Agreement (William Lyon Homes), Asset Purchase Agreement (William Lyon Homes)

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Resolution Period. If Seller delivers a Dispute Notice is duly delivered pursuant within thirty days following Seller’s receipt of the Closing Statement, then Seller and Buyer shall seek in good faith to Section 2.2(c), Buyer and Seller will, resolve the Disputed Items during the thirty (30) days following such delivery fifteen-day period beginning on the date Buyer receives the Dispute Notice (the “Resolution Period”), use commercially reasonable efforts to reach agreement on the Disputed Items or amounts in order to determine the amount of the Closing Net Asset Value and/or the Final Purchase Price, as applicable. If Seller and Buyer and Seller are able to reach agreement with respect to any Disputed Items, Buyer will promptly shall revise the Closing Statement to reflect such agreement.

Appears in 1 contract

Samples: Purchase Agreement (Solera Holdings, Inc)

Resolution Period. If a Dispute Notice is duly delivered pursuant to Section 2.2(c1.4(c), Buyer and Seller will, during the thirty (30) days following such delivery (the “Resolution Period”), use commercially reasonable efforts to reach agreement on the Disputed Items or amounts in order to determine the amount of the Closing Net Asset Value Working Capital, the Closing Cash, the Closing Indebtedness, the Closing Transaction Expenses, and/or the Final Closing Date Purchase Price, as applicable. If Buyer and Seller are able to reach agreement with respect to any Disputed Items, Buyer will promptly revise the Closing Statement to reflect such agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Clarus Corp)

Resolution Period. If a Dispute Notice is duly delivered pursuant to Section 2.2(c), Buyer and Seller will, during During the thirty (30) days immediately following such delivery Buyer’s receipt of a Dispute Notice delivered by Sellers under Section 1.3(c) (the “Resolution Period”), use commercially reasonable efforts Buyer and Sellers shall seek in good faith to reach agreement on resolve any differences that they may have with respect to the Disputed Items or amounts matters specified in order to determine the amount of the Closing Net Asset Value and/or the Final Purchase Price, as applicableDispute Notice. If Sellers and Buyer and Seller are able to reach agreement with respect to any such Disputed Items, Buyer will shall promptly revise the Closing Statement to reflect such agreement.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Sensata Technologies Holding N.V.)

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Resolution Period. If the Sellers deliver a Dispute Notice is duly delivered pursuant to before the sixty-first (61st) day specified in Section 2.2(c1.3(c), then the Sellers and Buyer and Seller will, shall seek in good faith to resolve the Disputed Items during the thirty (30) days following 30)-day period beginning on the date Buyer receives such delivery Dispute Notice (the “Resolution Period”), use commercially reasonable efforts to reach agreement on the Disputed Items or amounts in order to determine the amount of the Closing Net Asset Value and/or the Final Purchase Price, as applicable. If the Sellers and Buyer and Seller are able to reach agreement with respect to any Disputed Items, Buyer will promptly revise such agreed amounts shall become final, binding and conclusive upon the Closing Statement to reflect such agreementSellers and Buyer.

Appears in 1 contract

Samples: Securities Purchase Agreement (Domtar CORP)

Resolution Period. If a Dispute Notice is duly delivered pursuant to Section 2.2(c)1.4.3, Buyer and Seller the Sellers’ Representative will, during the thirty (30) days following such delivery (the “Resolution Period”), use commercially reasonable efforts to reach agreement on the Disputed Items or amounts in order to determine the amount of the Closing Net Asset Value Working Capital, the Closing Cash, the Closing Indebtedness, the Closing Transaction Expenses, and/or the Final Closing Date Purchase Price, as applicable. If Buyer and Seller the Sellers’ Representative are able to reach agreement with respect to any Disputed Items, Buyer will promptly revise the Closing Statement to reflect such agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Clarus Corp)

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