Notification of Seller's Objections. 10.2.1 The Seller shall give a notice to the Purchaser objecting to the Claim within thirty (30) days following notification of such Claim. Such notice shall contain a statement of the basis of the Seller's objections to the extent available. 10.2.2 If the Seller fails to notify the Purchaser that it objects to such Claim within the period of time provided under Clause 10.2.1, the amount of such Claim shall be conclusively deemed a liability of the Seller who did not object and shall be paid to the Purchaser. 10.2.3 If the Seller objects to a Claim within the period of time provided under Clause 10.2.1, the Parties shall use their best efforts to resolve such dispute and, in the absence of such resolution, such dispute shall be submitted to the courts in accordance with Clause 15.10.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Crailar Technologies Inc), Asset Purchase Agreement (Crailar Technologies Inc), Asset Purchase Agreement (Crailar Technologies Inc)
Notification of Seller's Objections. 10.2.1 8.2.1 The Seller shall give a notice to the Purchaser objecting to the Claim within thirty (30) days following notification of such Claim. Such notice shall contain a statement of the basis of the Seller's objections to the extent available.
10.2.2 8.2.2 If the Seller fails to notify the Purchaser that it objects to such Claim within the period of time provided under Clause 10.2.18.2.1, the amount of such Claim shall be conclusively deemed a liability of the Seller who did not object and shall be paid to the Purchaser.
10.2.3 8.2.3 If the Seller objects to a Claim within the period of time provided under Clause 10.2.18.2.1, the Parties shall use their best efforts to resolve such dispute and, in the absence of such resolution, such dispute shall be submitted to the courts in accordance with Clause 15.1013.10.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Crailar Technologies Inc), Asset Purchase Agreement (Crailar Technologies Inc)