Open Matter definition
Examples of Open Matter in a sentence
Each of Seller and Purchaser shall bear their own fees and expenses incurred in connection with negotiating and implementing such settlement of the Open Matter.
To the extent that Seller settles the Open Matter in accordance with this Section 4.9 for an aggregate amount which is less than the amount set forth as item 2 on Schedule 4.9, Purchaser shall reasonably promptly thereafter pay to Seller an amount determined in accordance with item 3 of Schedule 4.9.
Any settlement agreement with respect to the Open Matter (the “Open Matter Settlement Agreement”) shall be in writing, provide for a full and unconditional release of the Company and Purchaser from any Liabilities relating to the Open Matter, and otherwise be in form and substance reasonably satisfactory to Purchaser.
The Preliminary Settlement Statement will become final and binding on both Parties on the sixtieth day following Buyer's receipt thereof, except as to matters on the Preliminary Settlement Statement to which Buyer objects, as set forth in a written notice sent to Seller (an "Open Matter Notice") prior to the sixtieth day.
During a thirty day period following delivery of an Open Matter Notice, the parties will seek in good faith to resolve any disputes they have with respect to such Open Matter Notice.
Following final resolution of all Open Matter Notices, if any, in accordance with this Section 2.6(a), the Preliminary Settlement Statement shall be amended to adjust for such resolved matters, at which point the Preliminary Settlement Statement shall, in its entirety, become final and binding on both Parties (the "Final Settlement Statement").