Accountants definition
Examples of Accountants in a sentence
The Independent Accountants shall consider only those items and amounts that were set forth in the Closing Statement and the Notice of Disagreement and that remain unresolved by Purchaser and the Vendors’ Representative, and in resolving any such unresolved Item of Dispute, the Independent Accountants may not assign a value to any such item greater than the greatest value for such item claimed by either Party nor less than the smallest value for such item claimed by either Party.
In addition to the foregoing, any disputes regarding the dispute resolution process contemplated under this Section 2.7 shall also be submitted to the Independent Accountants.
The Independent Accountants shall act as an expert, not as an arbitrator, in determining the Items of Dispute in the Notice of Disagreement.
For purposes of making the calculations required by this section, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code.
In making their determination(s), the Independent Accountants shall apply Applicable Accounting Standard and, to the extent applicable, Exhibit A.