Examples of Remaining Items in a sentence
For example, if (a) the total amount of the Remaining Items submitted to the Accountant for resolution is $1,000, (b) the aggregate amount of the Remaining Items resolved by the Accountant in favor of the Seller is $600 and (c) the total amount of fees, expenses and costs of the Accountant in connection with such dispute is $100, then the Buyer shall bear $60 of such amount and the Seller shall bear $40 of such amount.
Within twenty-five (25) Business Days after the date of the Engagement Letter, each of the Seller and the Buyer may (but neither shall be obligated to) submit to the Accountant a written position paper setting forth its positions regarding the Remaining Items and any related data and documentation (the “Initial Submission”).
The Accountant shall render its decision resolving the Remaining Items within twenty (20) Business Days after (i) the expiration of the Initial Submission period (if there are no Reply Submissions or Accountant’s Questions); (ii) the expiration of the Reply Submission period (if there are no Accountant’s Questions); or (iii) the expiration of the latest deadline for either Party to submit responses to the Accountant’s Questions, as applicable.
The fees, expenses and other costs of the Accountant shall be borne by the Buyer and the Seller in the same proportion as the aggregate amount of the Remaining Items that is unsuccessfully disputed by each Party (as determined by the Accountant) bears to the total amount of the Remaining Items submitted to the Accountant.
Within ten (10) Business Days after the deadline for submitting an Initial Submission, each of the Seller and the Buyer may (but neither shall be obligated to) submit to the Accountant a written position paper further describing its positions regarding the Remaining Items and responding to statements made in the other Party’s Initial Submission and any related data and documentation (the “Reply Submission”).
Effective on the Termination Date, Tenant hereby grants, assigns, transfers, conveys, surrenders and delivers to Landlord (in the same condition as existing on the date of this Agreement, ordinary wear and tear, casualty, and condemnation excepted), without charge, all of Tenant’s right, title and interest in and to the Remaining Items, and Landlord hereby agrees to accept and assume the Remaining Items.