Common use of Accounting Disputes Clause in Contracts

Accounting Disputes. Notwithstanding anything to the contrary contained in this Section 12.11, any controversy, dispute or claim arising under this Agreement related to or arising out of accounting matters relating to this Agreement shall be resolved by means of discussions between the regularly retained independent certified public accountants of Parent and Times Mirror. In the event that the independent certified public accountants of each of Parent and Times Mirror are unable to resolve the dispute within 60 days after the dispute is first submitted to them, then a third independent certified public accountant of recognized national standing shall be selected by the independent certified public accountants of each of Parent and Times Mirror and the determination of such third independent certified public accountant, with respect to the matter in dispute, shall be rendered within 45 days after the dispute has been submitted to it and such determination shall be final and binding on all of the parties hereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Big Entertainment Inc), Agreement and Plan of Merger (Times Mirror Co /New/)

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Accounting Disputes. Notwithstanding anything to the contrary contained in this Section 12.1113.10, any controversy, dispute or claim arising under this Agreement related to or arising out of accounting matters relating to this Agreement shall be resolved by means of discussions between the regularly retained independent certified public accountants of Parent Buyer and Times Mirror. In the event that the independent certified public accountants of each of Parent Buyer and Times Mirror are unable to resolve the dispute within 60 days after the dispute is first submitted to them, then a third independent certified public accountant of recognized national standing shall be selected by the independent certified public accountants of each of Parent Buyer and Times Mirror and the determination of such third independent certified public accountant, with respect to the matter in dispute, shall be rendered within 45 days after the dispute has been submitted to it and such determination shall be final and binding on all of the parties hereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Information Holdings Inc)

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Accounting Disputes. Notwithstanding anything to the contrary contained in this Section 12.1113.11, any controversy, dispute or claim arising under this Agreement related to or arising out of accounting matters relating to this Agreement shall be resolved by means of discussions between the regularly retained independent certified public accountants of Parent Acquiror and Times Mirror. In the event that the independent certified public accountants of each of Parent Acquiror and Times Mirror are unable to resolve the dispute within 60 days after the dispute is first submitted to them, then a third independent certified public accountant of recognized national standing shall be selected by the independent certified public accountants of each of Parent Acquiror and Times Mirror and the determination of such third independent certified public accountant, with respect to the matter in dispute, shall be rendered within 45 days after the dispute has been submitted to it and such determination shall be final and binding on all of the parties hereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Times Mirror Co /New/)

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