Objection Notice definition
Examples of Objection Notice in a sentence
If Seller delivers a Calculation Objection Notice to Buyer prior to the expiration of the Review Period, then Buyer and Seller shall discuss the Calculations and negotiate in good faith for up to thirty (30) days after delivery of the Calculation Objection Notice (the “Discussion Period”) to resolve the disputed items and agree upon the resulting amount of the Earnout Payment.
In the event that Representative timely provides an Objection Notice and disputes Buyer’s calculation of the Earnout Report Consideration, then the provisions of Sections 2.6(c)(i)-2.6(c)(v) above shall apply mutatis mutandis to such dispute (with the terms “Objection Deadline Date”, “Acceptance Notice” and “Objection Notice”, having the meaning ascribed to them under this Section 2.7(k) and with the term “Closing Statement” deemed to be replaced with the term “Earnout Report”).
If the parties, for any reason, are unable to successfully resolve the issues raised in such Objection Notice within 30 calendar days of receipt by the Parent of the Objection Notice, if with respect to an Exchange Basis Schedule, or 30 calendar days of receipt by the Parent of the Objection Notice, if with respect to a Tax Benefit Schedule, after such Schedule was delivered to the Principals, the Parent and such Principal shall employ the Reconciliation Procedures.
Buyer and Seller shall cooperate with the CPA Firm during its resolution of the disagreement and make readily available to the CPA Firm all relevant personnel involved in the preparation of the Earnout Statement, the Calculations or the Calculation Objection Notice, as applicable, and any books and records reasonably related to the amounts set forth in the Earnout Statement and the Calculation Objection Notice and all other items reasonably requested by the CPA Firm in connection therewith.
If the parties, for any reason, are unable to successfully resolve the issues raised in such notice within 30 calendar days after receipt by the Parent of the Early Termination Objection Notice, the Parent and a Principal shall employ the Reconciliation Procedures as described in Section 7.09 of this Agreement.