Arbitration Accountant definition
Examples of Arbitration Accountant in a sentence
In the event that a NA Objection Notice is timely delivered to Purchaser and the parties are unable to resolve the disagreement specified in the NA Objection Notice within twenty (20) Business Days after the receipt thereof by Purchaser, the disagreement (which shall be limited to the remaining differences in respect of the matters set forth in the NA Objection Notice) may be submitted by either THCI or Purchaser, upon three (3) Business Days' notice to the other party, to the Arbitration Accountant.
The Arbitration Accountant shall render its determination only with respect to the remaining differences so submitted and based on the same method of valuation used in the preparation of the Base Closing Net Assets Statement within fifteen (15) Business Days of submission of the disagreement by Purchaser or THCI.
The Arbitration Accountant shall address only those issues in dispute and may not assign a value to any item greater than the greatest value for such item claimed by either party or lower than the lowest value claimed by either party.
The Arbitration Accountant shall follow such procedures as it deems appropriate for obtaining the necessary information in considering the respective positions of Purchaser and THCI.
The Arbitration Accountant shall (subject to the execution of customary confidentiality, exculpation and indemnification agreements) have the right to review all books and records, work papers and other accounting records of Purchaser and Seller that it deems relevant to the determination of the Closing Net Assets Amount.