Common use of Selection of Appraisers Clause in Contracts

Selection of Appraisers. Each of Vodafone and Xxxx Atlantic shall ----------------------- designate by written notice to the other an internationally recognized investment banking firm to serve as an Appraiser pursuant to this Section 5.2 (the firms designated by Vodafone and Xxxx Atlantic being referred to herein as the "Vodafone Appraiser" and the "Xxxx Atlantic Appraiser," respectively) within five business days after the failure to reach agreement in accordance with the terms of Section 5(a)(ii)(B) above. In the event that either Vodafone or Xxxx Atlantic fails to designate its Appraiser within the foregoing time period, the other shall have the right to designate such Appraiser by notifying the failing party in writing of such designation (and the Appraiser so designated shall be the Vodafone Appraiser or the Xxxx Atlantic Appraiser, as the case may be).

Appears in 1 contract

Samples: Investment Agreement (Bell Atlantic Corp)

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Selection of Appraisers. Each of Vodafone and Xxxx Atlantic shall ----------------------- designate by written notice to the other an internationally recognized investment banking firm to serve as an Appraiser pursuant to this Section 5.2 (the firms designated by Vodafone and Xxxx Atlantic being referred to herein as the "Vodafone Appraiser" and the "Xxxx Atlantic Appraiser," respectively) within five business days after the failure to reach agreement in accordance with the terms of Section 5(a)(ii)(B) above. In the event that either Vodafone or Xxxx Atlantic fails to designate its Appraiser within the foregoing time period, the other shall have the right to designate such Appraiser by notifying the failing party in writing of such designation (and the Appraiser so designated shall be the Vodafone Appraiser or the Xxxx Atlantic Appraiser, as the case may be).

Appears in 1 contract

Samples: Investment Agreement (Verizon Wireless Capital LLC)

Selection of Appraisers. Each of Vodafone and Xxxx Atlantic shall ----------------------- designate by written notice to the other an internationally recognized investment banking firm to serve as an Appraiser pursuant to this Section 5.2 (the firms designated by Vodafone and Xxxx Atlantic being referred to herein as the "Vodafone Appraiser" and the "Xxxx Atlantic Appraiser," respectively) within five business days after the failure to reach agreement in accordance with the terms of Section 5(a)(ii)(B) above. In the event that either Vodafone or Xxxx Atlantic fails to designate its Appraiser within the foregoing time period, the other shall have the right to designate such Appraiser by notifying the failing party in writing of such designation (and the Appraiser so designated shall be the Vodafone Appraiser or the Xxxx Atlantic Appraiser, as the case may be).

Appears in 1 contract

Samples: Investment Agreement (Verizon Wireless Inc)

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Selection of Appraisers. Each of Vodafone and Xxxx Bell Atlantic shall ----------------------- designate by written notice to the other an internationally recognized investment banking firm to serve as an Appraiser pursuant to this Section 5.2 (the firms designated by Vodafone and Xxxx Bell Atlantic being referred to herein as the "Vodafone Appraiser" and the "Xxxx “Bell Atlantic Appraiser," respectively) within five business days after the failure to reach agreement in accordance with the terms of Section 5(a)(ii)(B) above. In the event that either Vodafone or Xxxx Bell Atlantic fails to designate its Appraiser within the foregoing time period, the other shall have the right to designate such Appraiser by notifying the failing party in writing of such designation (and the Appraiser so designated shall be the Vodafone Appraiser or the Xxxx Bell Atlantic Appraiser, as the case may be).

Appears in 1 contract

Samples: Partnership Agreement (Verizon Wireless Capital LLC)

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