Common use of Fees of the Independent Accountant Clause in Contracts

Fees of the Independent Accountant. The fees and expenses of the Independent Accountant shall be paid by Seller, on the one hand, and by Buyer, on the other hand, based upon the percentage that the amount actually contested but not awarded to Seller or Buyer, respectively, bears to the aggregate amount actually contested by Seller and Buyer. For clarity, if Seller’s Disputed Amount is $100,000 and the Independent Accountant awards Seller $30,000, Seller shall pay 70% of the fees of the Independent Accountant.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Akerna Corp.)

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Fees of the Independent Accountant. The fees and expenses of the Independent Accountant shall be paid by Seller, on the one hand, and by Buyer, on the other hand, based upon the percentage that the amount actually contested but not awarded to Seller or Buyer, respectively, bears to the aggregate amount actually contested by Seller and Buyer. For clarityexample, if Seller’s Disputed Amount is should the items in dispute total in amount to $100,000 1,000 and the Independent Accountant awards Seller $30,000600 in favor of the Seller’s position, Seller shall pay 7060% of the fees costs of its review would be borne by Buyer and 40% of the Independent Accountantcosts would be borne by Seller.

Appears in 1 contract

Samples: Stock Purchase Agreement (Dril-Quip Inc)

Fees of the Independent Accountant. The fees and expenses of the Independent Accountant shall be paid by Seller, Seller on the one hand, and by BuyerXxxxx, on the other hand, based upon the percentage that the amount actually contested but not awarded to Seller or Buyer, respectively, bears to the aggregate amount actually contested by Seller Xxxxxx and BuyerXxxxx. For clarity, if Seller’s Disputed Amount is $100,000 and the Independent Accountant awards Seller $30,000, Seller shall pay 70% of the fees of the Independent Accountant.

Appears in 1 contract

Samples: Stock Purchase Agreement (Akerna Corp.)

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Fees of the Independent Accountant. The fees and expenses of the Independent Accountant shall be paid by SellerSellers, jointly and severally on the one hand, and by Buyer, on the other hand, based upon the percentage that the amount actually contested but not awarded to Seller Sellers or Buyer, respectively, bears to the aggregate amount actually contested by Seller Representative and Buyer. For clarity, if SellerSeller Representative’s Disputed Amount is $100,000 and the Independent Accountant awards Seller Sellers $30,000, Seller Sellers shall pay 70% of the fees of the Independent Accountant.

Appears in 1 contract

Samples: Stock Purchase Agreement (Akerna Corp.)

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