Common use of Accountant’s Fees and Expenses Clause in Contracts

Accountant’s Fees and Expenses. The Accountant shall allocate its fees and expenses between Buyer and Seller based upon the percentage of the contested amount submitted to the Accountant that is ultimately awarded to Buyer, on the one hand, or Seller, on the other hand, such that Buyer bears a percentage of such fees and expenses equal to the percentage of the contested amount awarded to Seller and Seller bears a percentage of such fees and expenses equal to the percentage of the contested amount awarded to Buyer. For the avoidance of doubt, the fees and disbursements of the representatives of each Party incurred in connection with the preparation or review of the Post-Closing Statement and any Notice of Objection as well as any submissions and responses to the Accountant, as applicable, shall be borne by such Party.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Unisys Corp), Asset Purchase Agreement (Science Applications International Corp)

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Accountant’s Fees and Expenses. The Accountant shall allocate its fees and expenses between Buyer Purchaser and Seller Parent based upon the percentage of the contested amount submitted to the Accountant that is ultimately awarded to BuyerPurchaser, on the one hand, or SellerSeller Parent, on the other hand, such that Buyer Purchaser bears a percentage of such fees and expenses equal to the percentage of the contested amount awarded to Seller Parent and Seller Parent bears a percentage of such fees and expenses equal to the percentage of the contested amount awarded to BuyerPurchaser. For the avoidance of doubt, the fees and disbursements of the representatives Representatives of each Party incurred in connection with the preparation or review of the Post-Closing Statement and any Notice of Objection as well as any submissions and responses to the Accountant, as applicable, shall be borne by such Party.

Appears in 1 contract

Samples: Share and Asset Purchase Agreement (Cae Inc)

Accountant’s Fees and Expenses. The Accountant shall allocate its fees costs and expenses between Buyer and Seller based upon the percentage of the aggregate contested amount submitted to the Accountant that is ultimately awarded to Buyer, Buyer on the one hand, or Seller, on the other hand, such that Buyer bears a percentage of such fees costs and expenses equal to the percentage of the contested amount awarded to Seller and Seller bears a percentage of such fees costs and expenses equal to the percentage of the contested amount awarded to Buyer. For the avoidance of doubt, the fees and disbursements of the representatives of each Party incurred in connection with the preparation or review of the Post-Closing Statement and any Notice of Objection Objection, as well as any submissions and responses to the Accountant, as applicable, shall be borne by such Party.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Cornerstone Building Brands, Inc.)

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Accountant’s Fees and Expenses. The Accountant shall allocate its fees costs and expenses between the Buyer and the Seller based upon the percentage of the aggregate contested amount submitted to the Accountant that is ultimately awarded to Buyer, the Buyer on the one hand, hand or Seller, the Seller on the other hand, such that the Buyer bears a percentage of such fees costs and expenses equal to the percentage of the contested amount awarded to Seller and the Seller bears a percentage of such fees costs and expenses equal to the percentage of the contested amount awarded to the Buyer. For the avoidance of doubt, the fees and disbursements of the representatives of each Party incurred in connection with the preparation or review of the Post-Closing Statement and any Notice of Objection as well as any submissions and responses to the Accountant, as applicable, shall be borne by such Party.

Appears in 1 contract

Samples: Equity Purchase Agreement (DigitalBridge Group, Inc.)

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