Independent Expert definition

Independent Expert means a Person with no material current or prior business or personal relationship with the Sponsor, who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company, and who is qualified to perform such work.

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Independent Expert means a Person or entity with no material current or prior business or personal relationship with the Advisor or the Directors and who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company.

Independent Expert means a Person or entity with no material current or prior business or personal relationship with the Advisor or any of the Directors that is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company.

Examples of Independent Expert in a sentence

• The final determination of the disputed items by the Independent Expert shall be final and binding upon the parties (absent manifest error or fraud) and an order may be entered in respect thereof by a court having jurisdiction over the party against which such determination is to be enforced.

• Notwithstanding anything herein to the contrary, there shall be no ex parte communications with the Independent Expert without the other party’s prior written consent.

• The terms of appointment and engagement of the Independent Expert shall be as agreed upon between the parties in writing.

• All fees and expenses relating to the work, if any, performed by the Independent Expert shall be borne by Seller and Purchaser in inverse proportion to the allocation of the dollar value of the amounts in dispute between Seller and Purchaser resolved by the Independent Expert, such that the party prevailing on the greatest dollar value of such disputes pays the lesser proportion of the fees.

• The parties shall instruct the Independent Expert to render its decision as to such disputed items and the effect of its decision on the Closing Statement not later than sixty (60) days (or such longer period as mutually agreed in writing (email sufficient) by the parties) after the date of such submission.

More Definitions of Independent Expert

Independent Expert means a person with no material relationship to the Sponsor or its Affiliates who is qualified and in the business of rendering opinions regarding the value of natural gas and oil properties based on the evaluation of all pertinent economic, financial, geologic and engineering information available to the Sponsor or its Affiliates.

Independent Expert. , in relation to a Dispute, means the person appointed or to be appointed pursuant to the Agreement to resolve that Dispute.

Independent Expert has the meaning set forth in Section 7.5.

Independent Expert means an independent expert appointed by written agreement between the Parties to resolve a dispute between them in terms of this Agreement;

Independent Expert has the meaning set forth in Section 6.5(a)(ii).

Independent Expert has the meaning specified in Section 3.4(d).

Independent Expert means a mutually acceptable independent (i.e., no prior material business relationship with any party for the prior two (2) years) accounting firm appointed by the Purchaser Representative and the Seller Representative, which appointment will be made no later than ten (10) days after the Independent Expert Notice Date); provided, that if the Independent Expert does not accept its appointment or if the Purchaser Representative and the Seller Representative cannot agree on the Independent Expert, in either case within twenty (20) days after the Independent Expert Notice Date, either Representative Party may require, by written notice to the other Representative Party, that the Independent Expert be selected by the New York City Regional Office of the AAA in accordance with the AAA’s procedures. The Parties agree that the Independent Expert will be deemed to be independent even though a Party or its Affiliates may, in the future, designate the Independent Expert to resolve disputes of the types described in this Section 1.15. The Parties acknowledge that any information provided pursuant to this Section 1.15 will be subject to the confidentiality obligations of Section 5.15.