Examples of Acquiror Objection in a sentence
The fees and disbursements of the Representatives of each Party incurred in connection with their preparation of the Cut-Off Date Adjustment Statement and preparation or review of any Acquiror Objection, as applicable, will be borne by such Party.
Following receipt of an Acquiror Objection, each of the Parties will cause its respective officer or designee to negotiate in good faith to agree to the final written determination as to the then-remaining disputed items within two Business Days of Parent’s receipt of the Acquiror Objection (and, in any event, no later than the 4th Business Day prior to the Closing Date).
Section 2.15(c) is hereby deleted in its entirety and replaced with the following: In the event that Acquiror delivers an Acquiror Objection to Parent, Acquiror and Parent will refer the disputed items in the Acquiror Objection to the Chief Financial Officer of Parent and the Chairman of the Board of Acquiror (or their designees) to make a final written determination as to each then-remaining disputed item, which written determination will be final and binding on the Parties as to each such disputed item.
Any Acquiror Objection will set forth a description in reasonable detail of the basis of the Acquiror Objection and the adjustments to the value of Specified Net Assets reflected on the Closing Adjustment Statement prepared by Seller which Acquiror believes should be made.
The fees and disbursements of the Representatives of each Party incurred in connection with their preparation of the Closing Working Capital Statement and preparation or review of any Acquiror Objection, as applicable, will be borne by such Party.
After receipt of such Acquiror Objection, the Acquiror and the Shareholder Representative shall negotiate in good faith the amount of the Earn-Out Loss.
Any Acquiror Objection must set forth a description in reasonable detail of the basis of the Acquiror Objection and the specific adjustments to the values reflected in the Closing Working Capital Statement prepared by Seller which Acquiror believes should be made.
Acquiror and the Company Holders’ Agent shall thereupon submit the objections identified in the Objection Notice (other than the Agreed Adjustments) and the Acquiror Objection Notice to Ernst & Young LLP (the “Neutral Auditor”).
If Acquiror and the Shareholder Representative cannot reach agreement on Earn-Out Loss within five (5) Business Days after delivery of the Acquiror Objection, then the Acquiror and the Shareholder Representative shall submit the dispute to the Board of Directors of the Surviving Company for review.