Examples of Additional Seller in a sentence
Buyer shall deliver a response to the Seller's Notice within 7 days following receipt of the Seller’s Notice (the “Buyer's Response Date”) notifying the Seller that it either accepts or rejects the Seller’s determination that Additional Seller Shares are required to be issued and the value of the Additional Seller Shares (“Buyer’s Response”) as set forth in the Seller's Notice and specifying with reasonable particularity the information required to complete the Seller's Notice.
Upon receipt of such Joinder Agreement and such other documents, such Additional Seller shall become a Seller hereunder, subject to the rights, duties and obligations of a Seller in all respects.
If the parties cannot so agree within those 30 days, then the parties shall appoint an independent accounting firm or a qualified and independent firm, to render a final determination regarding the value of the Additional Seller Shares, if any, to be issued for that Determination Date (the "Independent Determination").
If additional supporting evidence is reasonably required to validate the Seller’s calculation of the value of the Additional Seller Shares to be issued, then the Seller shall provide the reasonably requested information within 5 days of receipt of the Buyer's Response.
If the Buyer accepts the Seller’s calculation of the value of the Additional Seller Shares, or if Buyer fails to timely respond to Seller’s notice, then the value of the Additional Seller Shares as set forth on the Seller’s notice shall be issued within 21 days of the Response Date.