Common use of Amendments to Exchange Basis Schedule Clause in Contracts

Amendments to Exchange Basis Schedule. The Exchange Basis Schedule may be amended from time to time by IBGI with the consent of the Audit Committee (i) in connection with a Determination, (ii) to correct inaccuracies to the original Exchange Basis Schedule identified after the date of the Exchange as a result of the receipt of additional information or (iii) to comply with the expert’s determination under the Reconciliation Procedures. At the time IBGI delivers such amended Exchange Basis Schedule to IBG Holdings, it shall (x) deliver to IBG Holdings schedules and work papers providing reasonable detail regarding the preparation of the amended Exchange Basis Schedule and an Advisory Firm Letter supporting such amended Exchange Basis Schedule and (y) allow IBG Holdings reasonable access to the appropriate representatives at IBGI, IBG LLC and the Advisory Firm in connection with its review of such schedule. The amended Exchange Basis Schedule shall become final and binding on the parties unless IBG Holdings, within 30 calendar days after receiving such amended Exchange Basis Schedule, provides IBGI with notice of a material objection to such amended Exchange Basis Schedule made in good faith and in reasonable detail. If the parties, negotiating in good faith, are unable to successfully resolve the issues raised in such notice within 30 calendar days after such notice was delivered to IBGI, IBGI and IBG Holdings shall employ the Reconciliation Procedures.