Examples of Earnout Notice in a sentence
Upon the receipt by Representative of an Earnout Notice, Representative shall have a period of 30 days to review the Earnout Notice (the “ Review Period”).
The failure of Representative to deliver an Earnout Objection Notice within the Earnout Objection Period shall constitute the acceptance by Representative (on behalf of the Sellers) of the Adjusted EBITDA calculation and the amount of Earnout Consideration (and if applicable, the Earnout Bonus Payment) set forth in the Earnout Notice whereupon such amounts shall be final, binding and conclusive for all purposes hereunder.
The Sellers’ Representative shall be deemed to have agreed to all other items and amounts contained in the Earnout Notice.
The Earnout Objection Notice shall specify the items and/or the amounts in the applicable Earnout Notice disputed by Sellers and shall describe in reasonable detail the basis for such objection.
If Representative shall have any objections to the calculation of Adjusted EBITDA set forth in the Earnout Notice, Representative shall deliver to Frontage Labs, within 30 days from their receipt of the Earnout Notice (the “Earnout Objection Period”), a written statement (the “Earnout Objection Notice”) setting forth the component or components of the Earnout Notice that are in dispute, the basis of such dispute and, if known, the amount proposed as an adjustment.