Designated Firm definition

Designated Firm has the meaning set forth in Section 12.9.

Designated Firm means such firm of independent accountants of national standing or such other boutique specialty firm with an active practice area focused on post-mergers and acquisition purchase price dispute resolution to which Buyer and the Sellers Representative mutually agree in writing.

Designated Firm means a Canadian law firm designated by Seller and reasonably acceptable to Buyer; provided that, there shall be no more than two Designated Firms.

Examples of Designated Firm in a sentence

• All fees and expenses of the Designated Firm shall be borne solely by the Company.

• Any determination by the Designated Firm shall be binding upon the Company and the Executive.

• As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Designated Firm hereunder as to whether a Gross-Up Payment should be made, it is possible that Gross-Up Payments that were not made by the Company should have been made (the “Underpayment”), consistent with the calculations required to be made hereunder.

• The Designated Firm shall provide detailed supporting calculations both to the Company and the Executive within 15 business days of the receipt of notice from the Executive that there has been a Payment, or such earlier time as is requested by the Company.

• In the event that the Company exhausts its remedies pursuant to Section 2(c) and the Executive thereafter is required to make a payment of any Excise Tax, the Designated Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the Executive.

More Definitions of Designated Firm

Designated Firm has the meaning set forth in Section 9.15(a).

Designated Firm has the meaning set forth in Section 9.13.

Designated Firm means BDO or such other firm as the parties may mutually agree in writing.

Designated Firm means Sidley Austin LLP and their respective successors and assigns.

Designated Firm shall have the meaning therefor set forth in section 3.2.

Designated Firm means any accounting firm (including any consulting or other group within such firm) designated from time to time by the Licensor.

Designated Firm has the meaning ascribed to such term in Section 10.13 hereof.