Common use of Adjustments; Selection of Independent Investment Banking Firm Clause in Contracts

Adjustments; Selection of Independent Investment Banking Firm. The Trust shall be responsible for the effectuation and calculation of any adjustment pursuant to Article VI hereof and shall furnish Counterparty notice of any such adjustment and shall provide Counterparty reasonable opportunity to review the calculations pertaining to any such adjustment. If, pursuant to the terms and conditions hereof, the Administrator shall be required to retain a nationally recognized independent investment banking firm for any purpose provided herein, such nationally recognized independent investment banking firm shall be selected and retained by the Administrator only after consultation with Counterparty; provided, however, that Counterparty shall be deemed to have waived its right to consult if Counterparty fails to consult within five Business Days of notice being sent by the Administrator to Counterparty seeking consultation. the Trust may delegate the effectuation and calculation of any such adjustments to its Administrator.

Appears in 4 contracts

Samples: Forward Contract Agreement (At&t Corp), Forward Contract Agreement (Equity Securities Trust Ii), Forward Contract Agreement (At&t Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.