Settlement Amount Certificate definition
Examples of Settlement Amount Certificate in a sentence
The fees and expenses of the Independent Accountant shall be paid one-half by the Sellers and one-half by Buyer; provided, however, that if EBITDA for the applicable Measurement Period as finally determined by the Independent Account and set forth in the Settlement Amount Certificate (defined below) is closer to the EBITDA calculation submitted by the Representative than to the EBITDA calculation submitted by Buyer, then Buyer shall pay 100% of the fees and expenses of the Independent Accountant.
The fees and expenses of the Independent Accountant shall be paid one-half by the Sellers and one-half by Buyer; provided, however, that if the Asset Value Shortfall as finally determined by the Independent Account and set forth in the Settlement Amount Certificate (defined below) is closer to the Asset Value Shortfall submitted by the Representative than to the Asset Value Shortfall submitted by Buyer, then Buyer shall pay 100% of the fees and expenses of the Independent Accountant.
The decision of the Independent Accountant shall also include a certificate of the Independent Accountant setting forth the final amount of the Merger Consideration and the Settlement Amount (the "Settlement Amount Certificate").
The decision of the Independent Accountant shall also include a certificate of the Independent Accountant setting forth the final calculation of the Closing Date Net Current Asset Value (the "Settlement Amount Certificate"), which shall include all adjustments proposed by the Seller not disputed by the Purchaser and those adjustments accepted or made by the decision of the Independent Accountant in resolving the Contested Adjustments.
The decision of the Independent Accountant shall also include a certificate of the Independent Accountant setting forth the final calculation in question (the "Settlement Amount Certificate").
The determination of the Independent Accountant and the amounts specified in the Settlement Amount Certificate shall be conclusive and binding upon all parties and shall not be subject to the dispute resolution provisions of Section 10.16 (except in the case of a bona fide allegation of fraud or gross negligence on the part of the Independent Accountant in the discharge of its duties hereunder).