Accounting Expert definition
Examples of Accounting Expert in a sentence
The Accounting Expert shall resolve only those matters set forth in the Notice of Objection remaining in dispute at the expiration of the Resolution Period and the Seller and the Buyer shall instruct the Accounting Expert to, and the Accounting Expert shall, make its determination based solely on presentations by the Seller and the Buyer that are in accordance with the guidelines and procedures set forth in this Agreement and not on the basis of an independent investigation.
Buyer and Seller shall also instruct the Accounting Expert to render its reasoned written decision as promptly as practicable but in no event later than thirty (30) days from the date that information related to the unresolved objections was presented to the Accounting Expert by Xxxxx and Seller.
Absent fraud or manifest error, the resolution of disputed items by the Accounting Expert shall be final and binding on the Parties for the purposes of this Section 1.6. Neither Buyer nor Seller shall have any ex parte communications with the Accounting Expert.
The fees, costs and expenses of the Accounting Expert will be allocated to Buyer, on the one hand, and Seller, on the other hand, based upon the percentage that the portion of the contested amount not awarded bears to the amount actually contested, as determined by the Accounting Expert.
Buyer and Seller each agree to furnish to the Accounting Expert access to such Persons and such information, books and records as may be reasonably required by the Accounting Expert to make its final determination.