Common use of Dispute as to Estimate of Cure Amount Clause in Contracts

Dispute as to Estimate of Cure Amount. If Buyer disputes the estimated Cure Amount set forth in any Casualty Notice, Buyer shall provide Seller with notice of such dispute within thirty (30) days after such Casualty Notice has been given to Buyer and shall include in such notice a detailed breakdown of Buyer’s estimate of the Cure Amount with respect to such Casualty. During the fifteen (15)-day period after Xxxxx gives Seller such dispute notice, Xxxxxx and Xxxxx shall use reasonable efforts to resolve such dispute. If Seller and Buyer have not resolved such dispute during such fifteen (15)- day period, then Seller and Xxxxx shall submit the disputed items related to the estimate of the Cure Amount to a utility consultant reasonably acceptable to Seller and Buyer that has expertise in evaluating casualty losses, which consultant shall act as an expert and not as an arbitrator. The utility consultant shall issue its final decision on the disputed items in writing to Seller and Xxxxx within thirty (30) days after such disputed items have been submitted to the consultant, and such final decision shall, absent manifest error, be binding on both parties as to the estimate of the Cure Amount with respect to the Casualty. Buyer and Seller shall each pay 50% of such consultant’s engagement fees and expenses. Any dispute under this Section 6.18(e) shall toll the applicable time limits set forth in this Section 6.18 until the resolution of such dispute under this Section 6.18(e).

Dispute as to Estimate of Cure Amount. If Buyer disputes the estimated Cure Amount set forth in any Casualty Notice, Buyer shall provide Seller with notice of such dispute within thirty (30) days after such Casualty Notice has been given to Buyer and shall include in such notice a detailed breakdown of Buyer’s estimate of the Cure Amount with respect to such Casualty. During the fifteen (15)-day period after Xxxxx Buyer gives Seller such dispute notice, Xxxxxx Seller and Xxxxx Buyer shall use reasonable efforts to resolve such dispute. If Seller and Buyer have not resolved such dispute during such fifteen (15)- day period, then Seller and Xxxxx Buyer shall submit the disputed items related to the estimate of the Cure Amount to a utility consultant reasonably acceptable to Seller and Buyer that has expertise in evaluating casualty losses, which consultant shall act as an expert and not as an arbitrator. The utility consultant shall issue its final decision on the disputed items in writing to Seller and Xxxxx Buyer within thirty (30) days after such disputed items have been submitted to the consultant, and such final decision shall, absent manifest error, be binding on both parties as to the estimate of the Cure Amount with respect to the Casualty. Buyer and Seller shall each pay 50% of such consultant’s engagement fees and expenses. Any dispute under this Section 6.18(e) shall toll the applicable time limits set forth in this Section 6.18 until the resolution of such dispute under this Section 6.18(e).

Dispute as to Estimate of Cure Amount. If Buyer disputes the estimated Cure Amount set forth in any Casualty Notice, Buyer shall provide Seller with notice of such dispute within thirty (30) days after such Casualty Notice has been given to Buyer and shall include in such notice a detailed breakdown of Buyer’s estimate of the Cure Amount with respect to such Casualty. During the fifteen (15)-day 15) day period after Xxxxx Buyer gives to Seller such dispute notice, Xxxxxx Seller and Xxxxx Buyer shall use reasonable efforts to resolve such dispute. If Seller and Buyer have not resolved such dispute during such fifteen (15)- 15) day period, then Seller and Xxxxx Buyer shall submit the disputed items related to the estimate of the Cure Amount to a utility consultant reasonably acceptable to Seller and Buyer that has expertise in evaluating casualty losses, which consultant shall act as an expert and not as an arbitrator. The utility consultant shall issue its final decision on the disputed items in writing to Seller and Xxxxx Buyer within thirty (30) days after such disputed items have been submitted to the consultant, and such final decision shall, absent manifest error, shall be binding on both parties Parties as to the estimate of the Cure Amount with respect to the Casualty. Buyer and Seller shall each pay 50% of such consultant’s the engagement fees and expensesassociated with the consultant. Any dispute under this Section 6.18(e6.11(g) shall toll the applicable time limits set forth in this Section 6.18 6.11 until the resolution of such dispute under this Section 6.18(e6.11(g).

Dispute as to Estimate of Cure Amount. If Buyer disputes the estimated Cure Amount set forth in any Casualty Notice, Buyer shall provide Seller with notice of such dispute within thirty (30) days after such Casualty Notice has been given to Buyer and shall include in such notice a detailed breakdown of Buyer’s estimate of the Cure Amount with respect to such Casualty. During the fifteen (15)-day 15) day period after Xxxxx Buyer gives to Seller such dispute notice, Xxxxxx Seller and Xxxxx Buyer shall use reasonable efforts to resolve such dispute. If Seller and Buyer have not resolved such dispute during such fifteen (15)- 15) day period, then Seller and Xxxxx Buyer shall submit the disputed items related to the estimate of the Cure Amount to a utility consultant reasonably acceptable to Seller and Buyer that has expertise in evaluating casualty losses, which consultant shall act as an expert and not as an arbitrator. The utility consultant shall issue its final decision on the disputed items in writing to Seller and Xxxxx Buyer within thirty (30) days after such disputed items have been submitted to the consultant, and such final decision shall, absent manifest error, shall be binding on both parties Parties as to the estimate of the Cure Amount with respect to the Casualty. Buyer and Seller shall each pay 50% of such consultant’s the engagement fees and expensesassociated with the consultant. Any dispute under this Section 6.18(e6.08(g) shall toll the applicable time limits set forth in this Section 6.18 6.08 until the resolution of such dispute under this Section 6.18(e6.08(g).