Examples of Contingent Payment Statement in a sentence
The Seller shall be deemed to have accepted as final the Contingent Payment Statement unless, within thirty (30) days after the date of delivery of the Contingent Payment Statement to Seller, the Seller gives written notice of objection to Buyer to any item thereon, which objection shall specify in reasonable detail the basis for such objection, in which case Buyer and Seller shall attempt in good faith to resolve such dispute as promptly as possible.
Subject to Section 6.9, the Company shall provide Cartesian and its representatives with any information, documents and access to the applicable personnel and representatives of the Company and its Affiliates, as is reasonably requested by Cartesian to assess the accuracy of the Contingent Payment Statement.
Prior to the expiration of any applicable CPS Review Period, the Sellers’ Representative may object to the financial results set forth in the Contingent Payment Statement by delivering a written notice of objection (in each case, an “Objection Notice”) to Buyer.
If the Sellers’ Representative fails to deliver an Objection Notice to Buyer prior to the expiration of any applicable CPS Review Period, then the determination of the Buyer set forth in the Contingent Payment Statement for such period shall be final and binding on the parties hereto.
No Contingent Payment Statement will omit any material fact, circumstance, information, calculation or documentation relevant to the applicable Contingent Payment Payment thereunder or Cartesian’s reasonable assessment of such Contingent Payment Statement and necessary to accurately assess the applicable calculation of the Contingent Payment Amount payable in connection therewith.