Examples of Accounting Dispute in a sentence
If the Parties cannot agree upon an Independent Firm in accordance with this Section 12.2(a) within ten (10) days from the receipt by a Party of the Dispute Notice relating to such Accounting Dispute, then either Party may request that the American Arbitration Association (“AAA”) appoint a partner in an Independent Firm (other than an accounting firm that is then providing auditing services to any Party).
If: (i) the Dispute arises out of the determination of any amount under Section 2.1 (relating to a Pre-Spin Tax Return) or Article III (relating to payment of Taxes and other amounts); or (ii) any other Dispute under this Agreement that the Parties agree should be resolved pursuant to this Section 12.2(a) (each, an “Accounting Dispute”), then, subject to Section 12.1, the Parties shall jointly retain an Independent Firm acceptable to the Parties to resolve the Accounting Dispute.
If a Dispute is not an Accounting Dispute (“Other Dispute”), then, subject to Section 12.1, such Other Dispute shall be determined, at the request of either Party, by arbitration conducted in Pittsburgh, Pennsylvania, in accordance with the then-existing Commercial Arbitration Rules of the AAA (the “Rules”), except as modified herein.
If such senior officers have been unable to resolve such Accounting Dispute within a period of 30 days after the Request Date, any party shall have the right, by written notice to the other specifying in reasonable detail the basis for the Accounting Dispute, to resolve the Accounting Dispute by submission thereof to a independent public accounting firm mutually agreeable to the Parties, which firm shall serve as sole arbitrator (the “Accounting Referee”).
In the event that an Accounting Dispute Notice is given to Purchaser within such 30-day period, Seller and Purchaser shall attempt to resolve in good faith and by mutual agreement the items in dispute within 15 days after the delivery of such Accounting Dispute Notice to Purchaser.
Within ten (10) Business Days of the delivery of the Accounting Dispute Notice (or, if later, the date on which the Members select an Accounting Expert other than that named above), RBS and the Sempra Member Group will each deliver to the other and to the Accounting Expert a notice setting forth in reasonable detail their calculation of the Final Buyback Consideration.
If no Accounting Dispute Notice is given to Purchaser within such 30-day period, the Closing Date Net Asset Value as set forth in the Net Asset Value Report shall be deemed to be final and binding upon all the parties hereto.
In the event that an Accounting Dispute Notice is given to Shareholders within such 30-day period, Shareholders and Bancorp shall attempt to resolve in good faith and by mutual agreement the items in dispute within fifteen (15) days after the delivery of such Accounting Dispute Notice.
If, however, one or more of the Sellers (the "Accounting Disputing Seller(s)") shall dispute any item in the Net Asset Value Report or the Tax Balance Sheet, then such Accounting Disputing Seller(s) shall, within 30 days after the delivery of the Closing Date Balance Sheet, the Tax Balance Sheet and Net Asset Value Report thereto, notify the Purchaser in writing of such dispute (an "Accounting Dispute Notice"), setting forth in reasonable detail each of the items in dispute.
If Seller fails to timely deliver an Accounting Dispute Notice to Purchaser containing changes that Seller propose to be made to the Final Settlement Statement, then the Final Settlement Statement, as delivered by Purchaser, will be deemed to be correct and will be final and binding on the Parties and not subject to any further audit or arbitration.