Common use of Calculation Disputes Clause in Contracts

Calculation Disputes. If the parties disagree as to the calculation of any Tax or the amount of (but not liability for) any payment to be made under this Agreement, the parties shall cooperate in good faith to resolve any such dispute, and any agreed-upon amount shall be paid to the appropriate party. If the parties are unable to resolve any such dispute within 15 days thereafter, such dispute shall be resolved by a nationally recognized accounting firm acceptable to both Torchmark and WRFI. The decision of such firm shall be final and binding. The fees and expenses incurred in connection with such decision shall be borne equally by Torchmark and WRFI. Following the decision of such accounting firm, the parties shall each take (or cause to be