Disputed Property definition
Examples of Disputed Property in a sentence
In the event that the Due Diligence Period is scheduled to expire during the Disputed Property Period, the Due Diligence Period shall be automatically extended through the end of the Disputed Property Period, or such earlier time as the parties may agree on an adjusted Purchase Price.
If, at the end of the Disputed Property Period, Buyer and Seller are unable to come to an agreement with respect to the Purchase Price, then Buyer may, upon written notice to Seller within two (2) business days after the expiration of seven (7) day period, terminate this Agreement.
Thereafter, for a period of seven (7) days (the "Disputed Property Period"), Buyer and Seller shall negotiate in good faith to agree on an adjusted Purchase Price.
Any Property that is the subject of an unresolved objection by the Company shall be a Disputed Property.
If the Company acquires a Disputed Property during the Tail Period, then the parties shall submit the dispute as to whether the Property should be properly included as a Qualified Property (the “Dispute”) and such Dispute shall be submitted to arbitration administered by the American Arbitration Association (“AAA”) under its Commercial Arbitration Rules before one AAA arbitrator in New York, NY.
If, at the end of the Disputed Property Period, Buyer and Seller are unable to come to an agreement with respect to the price allocated to each Disputed Property, then Buyer may, upon written notice to Seller within two business days after the expiration of seven day period, elect to exclude one or more of the Disputed Properties in accordance with subsection (c), below.
The Parties agree that the existence of an unresolved dispute as to reporting and remitting of a Disputed Property shall not affect the duty to report and remit other property as to which no dispute exists.
No later than Te Runanga’s Response Date, the relevant Vendor Agencies and Te Runanga shall each appoint and notify the other and OTS of the appointment of a person or persons who shall have authority to act as their respective 4.3-4 RJR0235751.01 representatives to negotiate an agreed value for each Disputed Property in respect of which ▇▇ ▇▇▇▇▇▇▇ has rejected the assessment of Market Value.
The Company and Auditor shall use reasonable efforts to resolve any disagreement regarding the Disputed Property.
The list will specify the reasons underlying the Company’s contention that the Disputed Property is not escheatable.