Third Expert definition
Examples of Third Expert in a sentence
Should the Third Expert be or become unwilling or unable to act, another shall be selected in the same manner.
The appointment of the third expert (the "Third Expert") shall be agreed upon by the Landlord's Expert and the Tenant's Expert and 50% of costs attributable to the Third Expert shall be borne by the Tenant and the remaining 50% of costs attributable to the Third Expert shall be borne by the Landlord.
In the event that such average is more than 15% above or below either of the two valuations, the Fair Market Value of the Excluded Asset shall be the simple average of: (i) a valuation prepared by a third Independent Expert (the “Third Expert”) using the methodology described within this Schedule F; and (ii) the valuation prepared by the Original Expert in accordance with the foregoing that is closest to the valuation prepared by the Third Expert.
Each of Bank and the Nominated Purchaser will pay the fees and expenses of its respective Valuation Expert and one-half of the fees and expenses of the Third Expert.
Bank and the Nominated Purchaser will each obtain a customary confidentiality agreement from the Bank Expert and the Nominated Purchaser Expert (and, if applicable, the Third Expert) and Bank and the Nominated Purchaser will each be made a third party beneficiary to any such confidentiality agreement.
The Claim Dispute shall be decided by a majority vote of the Experts within ten (10) Business Days from appointment of the Third Expert.
The Claim Dispute shall be decided by a majority vote of the Experts within 75 Business Days from the date the Third Expert was appointed.
If either Parent or Acquiror pays all of the fees and expenses of the Third Expert as a result of a default by the other Party, such paying Party will be reimbursed by the defaulting Party as promptly as practicable, but in any event within 10 Business Days of such default.
The appointment of the third expert (the “Third Expert”) shall be agreed upon by the Landlord’s Expert and the Tenant’s Expert, both acting reasonably, and 50% of costs attributable to the Third Expert shall be borne by the Landlord and the remaining 50% of costs attributable to the Third Expert shall be borne by the Tenant.
If the final amount of the Damage Estimate determined by the Third Expert is less than such reduction to the Purchase Price (and Cash Payment) made at Closing, Alon shall promptly pay the amount of the difference to the Sellers.