CONFIRMATION OF NET REVENUES Sample Clauses

CONFIRMATION OF NET REVENUES. The Seller shall be entitled to verify the certificate of Net Revenues and certificate of Card Key Sales (as appropriate) and statement of adjustments and, if it disputes the amount of the Net Revenues or Card Key Sales (as appropriate) specified therein, the Seller shall within 20 Business Days of the certificate and statement of adjustments being submitted to them state in writing that it disagrees with the certificate and statement ("a Dispute Notice"). If the Seller shall serve any Dispute Notice then, it shall attempt to resolve the matter in dispute with the Purchaser. Any such resolution which enables the Net Revenues or Card Key Sales (as appropriate) to be agreed shall be expressed in a joint certificate ("the Joint Resolution"), signed by both the Seller and the Purchaser stating the Net Revenues or Card Key Sales (as appropriate). If no Joint Resolution shall be issued within 10 Business Days of the relevant Dispute Notice, the matter shall be referred to a firm of independent chartered accountants jointly agreed upon by the Purchaser and the Seller or (failing such agreement) appointed, at the request of either the Purchaser or the Seller, at any time by the President from time to time of the Institute of Chartered Accountants in England and Wales, which firm ("the Independent Accountants") shall then determine the matter in dispute and in the light of the dispute determine the Net Revenues or Card Key Sales (as appropriate). The Independent Accountants shall act as experts and not as arbitrators and their decision shall be communicated in writing to the Purchaser and the Seller and shall be final and binding upon the Purchaser and the Seller and shall be communicated in any event within five days of receipt of instructions by the Seller and the Purchaser to so determine the Net Revenues or Card Key Sales (as appropriate).
Sample 1

Related to CONFIRMATION OF NET REVENUES

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