Treatment of Delays Due to Valuation Disputes Sample Clauses

Treatment of Delays Due to Valuation Disputes. If the fair market value of the Spouse’s Company Interest is not agreed to by the date which is 10 days prior to the end of the 30 day period specified in 14.9.2 or 14.9.3, then the Company may select an independent appraiser (which appraiser shall be subject to the approval of the Spouse, which approval shall not be unreasonably withheld or delayed), experienced in valuing interests in venture capital funds, who shall determine the fair market value of the Spouse’s Company Interest for purposes of this 14.9. In the event that a Spouse is required to sell all or any portion of his or her Spouse’s Company Interest under this 14.9 and the sale would otherwise be delayed in consequence of a dispute regarding the fair market value of such interest and the further delay pending the determination of fair market value by the independent appraiser, the Transfer by the Spouse of his or her Spouse’s Company Interest as required under this 14.9 shall be automatically effective as of the end of the 30 day period specified in 14.9.2 or 14.9.3, as appropriate, and payment therefor shall be made as and when the valuation is determined by the independent appraiser. The terms of this 14.9.4 shall not be applied to override the right of the Company to rescind exercise of its option to purchase as described in 14.9.3.
Sample 1
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Related to Treatment of Delays Due to Valuation Disputes

  • Disputes In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the number of Warrant Shares issuable in connection with any exercise, the Company shall promptly deliver to the Holder the number of Warrant Shares that are not disputed.

  • Termination for Convenience TIPS may, by written notice to Vendor, terminate this Agreement for convenience, in whole or in part, at any time by giving thirty (30) days’ written notice to Vendor of such termination, and specifying the effective date thereof.

  • SERVICE REQUIREMENTS FOR REFERRED CLIENTS A. Agent agrees to respond to any communications from a Referred Client within two (2) hours after receipt if such communication is received between 9:00am to 5:00pm local time. For communications received outside of these hours, Agent agrees to respond by 10:00am the next day.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Effect of Termination Survival If the Service Agreement is terminated, the Provider shall destroy all of LEA’s Student Data pursuant to Article IV, section 6.

  • DURATION OF AGREEMENT All agreements and obligations of the Company contained herein shall continue during the period Indemnitee serves as a director or officer of the Company or as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise which Indemnitee serves at the request of the Company and shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding (including any rights of appeal thereto and any Proceeding commenced by Indemnitee pursuant to Section 14 of this Agreement) by reason of Indemnitee’s Corporate Status, whether or not Indemnitee is acting in any such capacity at the time any liability or expense is incurred for which indemnification or advancement can be provided under this Agreement.

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Subprocessors Provider shall enter into written agreements with all Subprocessors performing functions for the Provider in order for the Provider to provide the Services pursuant to the Service Agreement, whereby the Subprocessors agree to protect Student Data in a manner no less stringent than the terms of this DPA.

  • Dispute Resolution All or any disputes arising out or touching upon or in relation to the terms and conditions of this Agreement, including the interpretation and validity of the terms thereof and the respective rights and obligations of the Parties, shall be settled amicably by mutual discussion, failing which the same shall be settled through the adjudicating officer appointed under the Act.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

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