Common use of Objection Notice Clause in Contracts

Objection Notice. The Purchaser and the Sellers, respectively, may dispute items under the Reviewed Closing Statement. The Purchaser and the Sellers, as the case may be, undertakes to notify the other Party of any such disputed items in writing within thirty (30) days from the receipt of the Reviewed Closing Statement. A notice under this Section 3.3.4 (an “Objection Notice”) shall be given in accordance with Section 11.7 and shall specify in reasonable detail the items in the Reviewed Closing Statement which are being disputed and a description in reasonable detail of the reasons for such dispute. If Sellers and Purchaser cannot agree on such items within fifteen (15) days after the notification, the disputed items shall be settled by the Disputes Auditors.

Appears in 4 contracts

Samples: Share Sale and Purchase Agreement, Share Sale and Purchase Agreement (Invitrogen Corp), Share Sale and Purchase Agreement (Invitrogen Corp)

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