Objection Notice definition
Examples of Objection Notice in a sentence
Such Objection Notice shall describe in reasonable detail the items contained in the Post-Closing Statement with which Sellers disagree and, to the extent available, the basis for any such disagreement (including Sellers’ alternative calculation) and the amount of the disagreement.
Any Objection Notice shall detail the specific line items of the Closing Statement being disputed and the dollar amount and nature of any objection and the basis therefor.
If the Seller and the Buyer are unable to resolve all disputes regarding the Closing Statement on or prior to the 15th Business Day after the receipt of the Objection Notice by the Buyer (which resolution, for the avoidance of doubt, must be approved by the Seller and the Buyer in writing), then the Seller and the Buyer shall retain the Independent Accounting Expert to resolve the dispute as soon as practicable, and in any event within 15 Business Days of its appointment.
The CC Objection Notice will set out the reasons for the Seller's objection to the Proposed CC Payment Amount, as well as reasonable details of the Seller's calculation of such amount.
Unless the Seller delivers an Objection Notice during the Objection Period, the Closing Statement shall be conclusive and binding upon the Parties for the purpose of determining the adjustment in Section 2.5.