Objection definition
Examples of Objection in a sentence
The Objection shall describe in reasonable detail the items and amounts contained in the Post-Closing Statement that Seller disputes and the basis for any such dispute.
If fewer than all Buyers other than the Royalty Interest Agent (and its Affiliates, if any are Buyers) object to the Repurchase Terms by the Repurchase Objection Date, then each Buyer’s Revenue Participation Right shall be subject to repurchase by the Seller on the Repurchase Terms (the “Repurchase”).
In the event an Objection is timely delivered to Buyer, Seller and Buye▇ ▇▇▇ll negotiate in good faith to resolve such dispute.
The scope of the disputes to be resolved by the Neutral Accounting Firm shall be limited to whether the items and amounts remaining in dispute that were included in the Objection were prepared in accordance with this Agreement and the Neutral Accounting Firm shall determine, on such basis, whether and to what extent, the items and amounts in the Post-Closing Statement that were included in the Objection require adjustment.
Seller’s failure to timely respond to the Title Objection Notice shall be deemed Seller’s election not to cure any of Buyer’s Title Objections.