Alternative Accountants definition

Alternative Accountants has the meaning set forth in Section 3.1(a)(iv).

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Alternative Accountants has the meaning set forth in Section 2.2(c).

Alternative Accountants means an accounting firm of recognized national standing (other than Coopers and KPMG Peat Marwick) mutually acceptable to Seller and Buyer or if Seller and Buyer do not designate such a mutually acceptable firm within three Business Days of the date any dispute under this Agreement is required to be submitted to such a firm then an accounting firm of nationally recognized standing (other than Coopers and KPMG Peat Marwick) chosen by lot.

Examples of Alternative Accountants in a sentence

No Party shall have any ex parte discussions or communications, directly or indirectly, with the Alternative Accountants regarding the subject matter of a dispute arising under this Section 3.1(a)(iv), unless the Party seeking such discussions or communications first obtains the other Party’s written consent to such ex parte contact with the Alternative Accountants.
If the Parties fail to agree on the selection of the Alternative Accountants, the Alternative Accountants shall be selected by mutual agreement of each of Tower’s and the Reinsurer’s outside independent auditors.
If the Parties fail to agree on the selection of the Alternative Accountants, the Alternative Accountants shall be selected by mutual agreement of each of the Companies’ and the Reinsurer’s outside independent auditors.
No Party shall have any ex parte discussions or communications, directly or indirectly, with the Alternative Accountants regarding the subject matter of a dispute arising under this Section 2.2(c), unless the Party seeking such discussions or communications first obtains the other Party’s written consent to such ex parte contact with the Alternative Accountants.
The Alternative Accountants shall conduct such analysis as they deem appropriate, during a period not to exceed thirty (30) days after they are selected, to determine the amounts which they conclude should have been reflected in the UPR True Up Report and shall issue their decision (which shall be rendered in writing and shall specify the reasons for the decision) within fifteen (15) days after the conclusion of their analysis.
Each Party shall make available to the other Party and the Alternative Accountants such work papers as may be reasonably necessary to calculate the Actual UPR Transfer Amount and UPR Adjustment under this Section 3.1(a)(iv).
Each Party shall make available to the other Party and the Alternative Accountants such work papers as may be reasonably necessary to calculate the aggregate Loss Reserves and Loss Reserve Adjustment under this Section 2.2(c).
The Alternative Accountants shall conduct such analysis as they deem appropriate, during a period not to exceed thirty (30) days after they are selected, to determine the amounts which they conclude should have been reflected in the Reserve True Up Report and shall issue their decision (which shall be rendered in writing and shall specify the reasons for the decision) within fifteen (15) days after the conclusion of their analysis.
The determination of the Alternative Accountants as to the resolution of any dispute shall be binding and conclusive upon all parties hereto.
Each Party shall make available to the other Party and the Alternative Accountants such work papers as may be reasonably necessary to calculate the aggregate Loss Reserves and aggregate Unearned Premium Reserves and Reserve Adjustment under this Section 2.2(c).

More Definitions of Alternative Accountants

Alternative Accountants means one of the top five (5) national accounting firms in the United States other than the accounting firms that regularly audit the annual financial statements of any of the parties, which firm is mutually acceptable to the parties or, if the parties do not agree upon such a firm within three (3) Business Days of the date any dispute under this Agreement is required to be submitted to such firm, then such a top five firm as is chosen by lot.

Alternative Accountants means an accounting firm of recognized national standing which is mutually acceptable to Buyer and Sellers' Representative.

Alternative Accountants means an accounting firm of recognized national standing, other than an accounting firm that regularly audits the annual financial statements of any of the parties to this Agreement, or any of its or their Affiliates, which is mutually designated or consented to in writing by Seller and Buyer within three (3) business days following the receipt by either Seller or Buyer of the written request of the other to designate or consent to the designation of an Alternative Accountant; or, in default of such mutual designation or consent within the time allowed, an accounting firm of recognized national standing, other than an accounting firm that regularly audits the financial statements of any of the parties to this Agreement, or any of its or their Affiliates, chosen by Seller and Buyer by lot.