Examples of Adjustment Dispute in a sentence
If the parties are unable to mutually agree on the calculation of such adjustment within five business days of receipt by Enterprise GP of such Adjustment Dispute Notice, the parties shall each select a firm of independent accountants of nationally recognized standing within five business days, which firms shall then mutually agree upon a third firm of independent accountants of nationally recognized standing and refer the matter to such third firm for resolution within five additional business days.
In calculating Closing Cash, Closing Indebtedness, Transaction Expenses and the Net Aggregate Consideration (as applicable), the Designated Accounting Firm shall be limited to addressing only the particular disputes referred to in the Adjustment Dispute Notice.
The time period within which Merger Partner must deliver any Spinco Adjustment Dispute Notice shall be extended in the case of any undue delay by Remainco in providing Merger Partner access to its books and records, the personnel of, and work papers prepared by, Remainco and its Affiliates to the extent they relate to the preparation of the Spinco Initial Post-Closing Statement and such historical financial information, for each day that Remainco delays in providing Spinco such access.
The Adjustment Dispute Notice shall set forth, in reasonable detail, the basis for the dispute of such calculation and attaching all relevant backup materials and schedules.
In the event Remainco and Xxxxxx Partner are unable to resolve by mutual agreement any matter identified in the Spinco Adjustment Dispute Notice on or before the date on which the Spinco Adjustment Consultation Period ends, Remainco or Merger Partner may engage an Independent Accounting Firm to make a determination with respect to all of such matters in dispute in its capacity as an expert and not as an arbitrator.
If the SH Rep does not deliver an Adjustment Dispute Notice within such sixty (60)-day period, the SH Rep shall be deemed to agree with the Calculations and Section 3.5(d) shall apply.
The Spinco Adjustment Dispute Notice shall set forth, with respect to each disputed item, Xxxxxx Partner’s position as to the correct amount or calculation that should have been included in the Spinco Initial Post-Closing Statement.
If Merger Partner disagrees with the Spinco Initial Post- Closing Statement (including any amount or calculation set forth therein) in any respect and on any basis, Merger Partner may, on or prior to the last day of the Spinco Adjustment Review Period, deliver a notice to Remainco setting forth, in reasonable detail, each disputed item or amount and the basis for Merger Partner’s disagreement therewith (the “Spinco Adjustment Dispute Notice”).
For the period of thirty (30) days beginning on the date on which Remainco receives a Spinco Adjustment Dispute Notice (the “Spinco Adjustment Consultation Period”), if applicable, Remainco and Merger Partner shall endeavor in good faith to resolve by mutual agreement all matters identified in the Spinco Adjustment Dispute Notice.
The Adjustment Dispute Notice shall set forth the basis for the dispute of any such calculation in reasonable detail.