Final Adjustment. (a) The Adjustment Basket, as defined on SCHEDULE B, shall be determined as soon as practicable after the second anniversary of the Closing Date or such earlier date as the Purchasers request and the Transaction Committee agrees, which agreement will not be unreasonably withheld (the "TEST DATE"). The Company shall engage its independent public accountants to prepare and deliver a report to the Transaction Committee and the Purchasers setting forth in reasonable detail the calculation of the Adjustment Basket (the "ADJUSTMENT BASKET REPORT").
Appears in 2 contracts
Samples: Subscription Agreement (Arch Capital Group LTD), Subscription Agreement (Arch Capital Group LTD)
Final Adjustment. (a) The Adjustment Basket, as defined on SCHEDULE Schedule B, shall be determined as soon as practicable after the second anniversary of the Closing Date or such earlier date as the Purchasers request and the Transaction Committee agrees, which agreement will not be unreasonably withheld (the "TEST DATE"“Test Date”). The Company shall engage its independent public accountants to prepare and deliver a report to the Transaction Committee and the Purchasers setting forth in reasonable detail the calculation of the Adjustment Basket (the "ADJUSTMENT BASKET REPORT"“Adjustment Basket Report”).
Appears in 1 contract
Final Adjustment. (a) The Adjustment Basket, as defined on SCHEDULE Schedule B, shall be determined as soon as practicable after the second anniversary of the Closing Date or such earlier date as the Purchasers request and the Transaction Committee agrees, which agreement will not be unreasonably withheld (the "TEST DATETest Date"). The Company shall engage its independent public accountants to prepare and deliver a report to the Transaction Committee and the Purchasers setting forth in reasonable detail the calculation of the Adjustment Basket (the "ADJUSTMENT BASKET REPORTAdjustment Basket Report").
Appears in 1 contract
