Common use of Dispute Resolution by the Parties Clause in Contracts

Dispute Resolution by the Parties. If the Seller Shareholder Representative delivers a Dispute Notice to Buyer within the required thirty (30) day period, Buyer and the Seller Shareholder Representative shall use reasonable best efforts to resolve their differences concerning the Items of Dispute, and if any Item of Dispute is so resolved, the Earn-Out Statement shall be modified as necessary to reflect such resolution. If all Items of Dispute are so resolved, the Earn-Out Statement (as so modified) shall be conclusive and binding on all Parties.

Appears in 2 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement (Virtusa Corp)

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Dispute Resolution by the Parties. If the Major Seller Shareholder Representative delivers a Dispute Notice to Buyer within the required thirty (30) day periodperiod set forth in Section 1.6(b), Buyer and the Major Seller Shareholder Representative shall use reasonable best efforts to resolve their differences concerning the Items of Dispute, and if any Item of Dispute is so resolved, the Earn-Out Statement shall be modified as necessary to reflect such resolution. If all Items of Dispute are so resolved, the Earn-Out Statement (as so modified) shall be conclusive and binding on all Parties.

Appears in 1 contract

Samples: Stock Purchase Agreement (Virtusa Corp)

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Dispute Resolution by the Parties. If the Seller Shareholder Representative Member or the Company delivers a Dispute Notice to Buyer within the required thirty forty-five (3045) day period, Buyer Buyer, on the one hand, and the Seller Shareholder Representative Member and the Company on the other, shall use reasonable best efforts to resolve their differences concerning the Items of Dispute, and if any Item of Dispute is so resolved, the Earn-Out Statement shall be modified as necessary to reflect such resolution. If all Items of Dispute are so resolved, the Earn-Out Statement (as so modified) shall be conclusive and binding on all Parties.

Appears in 1 contract

Samples: Asset Purchase Agreement (Virtusa Corp)

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