Examples of Audit Dispute in a sentence
If the parties do not resolve the Audit Dispute within such twenty-five (25) day period, either party may submit the matter to binding arbitration through the American Arbitration Association ("AAA"), pursuant to the AAA Arbitration Rules and Procedures then in effect, at the office of the AAA located in San Diego County, California, or such other location as is mutually agreed to by the parties.
The parties hereto agree to the following as their -------------- sole means of resolving any disputes regarding audits or the calculation of Additional Payments under this Section 5 (an "Audit Dispute").
Unless disputed pursuant to Section 5.9 (Audit Dispute), if such audit concludes that (i) additional amounts were owed by Newsoara, Newsoara shall pay the additional amounts, with interest from the date originally due as provided in Section 5.6 (Interest on Late Payments) or (ii) excess payments were made by Newsoara, AUM shall reimburse Newsoara such excess payments, in either case ((i) or (ii)), within forty five (45) days after the date on which such audit is completed by AUM.
If the Seller or the Buyer delivers an Earnout Audit Dispute Notice to the other prior to the expiration of the Earnout Audit Review Period, then the Seller and the Buyer shall negotiate in good faith to reach agreement regarding the Earnout Audit Report and the resulting Revenue Earnout Consideration, Gross Profit Earnout Consideration and Earnout Consideration.
For a period of twenty-five (25) days after delivery of notice from either party, the parties shall attempt in good faith to resolve the Audit Dispute by direct negotiation of non-lawyer representatives of the parties.
Unless disputed pursuant to Section 8.10 (Audit Dispute), EverInsight shall pay to VistaGen any underpayment discovered by such audit within thirty (30) days after the accountant’s report, plus interest (as set forth in Section 8.7 (Late Payments)) from the original due date.
Unless disputed pursuant to Section 5.9.2 (Audit Dispute), if such audit concludes that (i) additional amounts were owed by Coya, then Coya shall pay the additional amounts, with interest from the date originally due as provided in Section 5.12 (Overdue Payments), or (ii) excess payments were made by Coya, then ARScience Bio shall reimburse such excess payments, in either case ((i) or (ii)), within 30 days after the date on which such audit is completed.
Unless disputed pursuant to Section 4.10 (Audit Dispute) below, if such audit concludes that (i) additional amounts were owed by Licensee, Licensee shall pay the additional amounts, with interest from the date originally due as provided in Section 4.7 (Interest on Late Payments) or (ii) excess payments were made by Licensee, AstraZeneca shall reimburse such excess payments, in either case ((i) or (ii)), within [***] after the date on which such audit is completed by AstraZeneca.
If the Parties are unable to reach a mutually acceptable resolution of any such Audit Dispute within 30 days after the initial discussion of such Audit Dispute, then the Audit Dispute will be submitted for resolution to a certified public accounting firm jointly selected by each Party’s certified public accountants or to such other Person as the Parties will agree (the “Audit Arbitrator”).
Except for disputes resolved by the procedures set forth in Section 5.9.2 (Audit Dispute) or Section 11.9 (Equitable Relief), if a dispute arises between the Parties in connection with or relating to this Agreement or any document or instrument delivered in connection herewith (a “Dispute”), it shall be resolved pursuant to this Section 11.1 (Dispute Resolution).