Common use of The Independent Clause in Contracts

The Independent. Accountant must issue a certificate as to his determination of the matters referred to him and of the Accounts, adjusted (if necessary) to take account of his determinations. The Buyer and Seller agree that in carrying out this role, the Independent Accountant acts as expert and not arbitrator and that, in the absence of fraud or mistake or manifest error, the certificate issues by the Independent Accountant will be final and binding on them.

Appears in 1 contract

Sources: Share Sale Agreement (Apache Corp)

The Independent. Accountant must issue a certificate as to his determination of the matters referred to him and of the Accounts, adjusted (if necessary) to take account of his determinations. The Buyer and Seller agree that in carrying out this role, the Independent Accountant acts as expert and not arbitrator and that, in the absence of fraud or mistake or manifest error, the certificate issues by the Independent Accountant will be final and binding on them. (i) The Buyer and the Seller will bear equally the costs of the Independent Accountant.

Appears in 1 contract

Sources: Share Sale Agreement (Apache Corp)

The Independent. Accountant must issue a certificate as to his determination of the matters referred to him and of the Accounts, adjusted (if necessary) to take account of his determinations. The Buyer and Seller agree that in carrying out this role, the Independent Accountant acts as expert and not arbitrator and that, in the absence of fraud or mistake or manifest error, the certificate issues issued by the Independent Accountant will be final and binding on them.

Appears in 1 contract

Sources: Share Sale Agreement (Apache Corp)