Expert definition
Examples of Expert in a sentence
Following such approval (or the resolution of any remaining items by the Accounting Expert), Buyer shall cause Blocker to timely file all Seller-Prepared Tax Returns as prepared by AT&T and approved by ▇▇▇▇▇ (or as resolved by the Accounting Expert).
In making such decision, the Accounting Expert shall be bound by this Agreement, shall only resolve the Disputed Adjustment Amounts, shall make all adjustments regardless of materiality and shall not assign a value to any such Disputed Adjustment Amount outside the range of values assigned to such Disputed Adjustment Amount in the Closing Statement and the Notice of Objection, respectively.
In the event the Parties cannot agree on the [***], or the licensing and other appropriate documentation effecting the licensing of such interest, then the Parties will comply with the Third Party Valuation Expert process set forth in Section 1.5(c) of this Schedule 1.1, applied mutatis mutandis to this type of Dispute.
The fees and expenses of the Independent Expert, including any reasonable ancillary costs incurred in connection with the determination of the Disputed Matter, shall be borne equally by the Parties, unless the Independent Expert determines, in its sole discretion, that one Party’s position was manifestly unreasonable, in which case the Independent Expert may allocate a greater share (up to 100%) of such fees and expenses to such Party.
Each Third Party Valuation Expert shall promptly (within [***] after their appointment) contemporaneously submit to the Party that appointed it a written proposal with supporting evidence setting forth its calculation of the Buy-Out Amount.