Reasonableness Objection definition
Examples of Reasonableness Objection in a sentence
For the avoidance of doubt, any failure to make a Reasonableness Objection shall in no way preclude, limit or otherwise affect the ability of the Stockholders’ Agent to otherwise object to any item in any Claim Notice.
The Escrow Agent shall be entitled to rely on any such memorandum and, in the event of a Reasonableness Objection, distribute to the Stockholders and Optionholders or retain amounts in the Escrow Fund in accordance with the terms thereof, or in the event of an Objection Notice, distribute an amount of cash from the Escrow Fund in accordance with the terms thereof.
If the Stockholders’ Agent and the Indemnitee are unable to resolve the dispute in a Reasonableness Objection within 30 days after the delivery of the Reasonableness Objection, then the claim described in the Reasonableness Objection shall be settled by binding arbitration in the manner set forth in Section 3.6 of this Agreement.