Common use of Fees and Expenses of Accounting Firm Clause in Contracts

Fees and Expenses of Accounting Firm. The fees, costs and expenses of the Accounting Firm shall be borne by either the Parent or the Eligible Stockholders as follows: (i) if the Accounting Firm determines that the Net Working Capital is nearer to the Net Working Capital determined by the Stockholders’ Agent than to the Net Working Capital determined by Parent, then Parent shall bear the fees, costs and expenses of the Accounting Firm, and (ii) if the Accounting Firm determines that the Net Working Capital is nearer to the Net Working Capital determined by Parent than to the Net Working Capital determined by the Stockholders’ Agent, then the Eligible Stockholders shall bear the fees, costs and expenses of the Accounting Firm.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Viggle Inc.), Agreement and Plan of Merger (Viggle Inc.)

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Fees and Expenses of Accounting Firm. The fees, costs and expenses of the Accounting Firm shall be borne by either the Parent or the Eligible Stockholders Transferor Parties as follows: (i) if the Accounting Firm determines that the Net Working Capital is nearer to the Net Working Capital determined by the Stockholders’ Agent Transferor Parties than to the Net Working Capital determined by Parent, then Parent shall bear the fees, costs and expenses of the Accounting Firm, and (ii) if the Accounting Firm determines that the Net Working Capital is nearer to the Net Working Capital determined by Parent than to the Net Working Capital determined by the Stockholders’ AgentTransferor Parties, then the Eligible Stockholders Transferor Parties shall bear the fees, costs and expenses of the Accounting Firm.

Appears in 2 contracts

Samples: Asset Contribution Agreement (SFX Entertainment, INC), Asset and Membership Interest Contribution Agreement (SFX Entertainment, INC)

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