Examples of Disputed Calculations in a sentence
In a Nutshell TM Section 4: 4 Dispute Resolution 4(a) Disputed Calculations or Valuations.If a Disputing Party disputes any collateral call (the Value of either the Exposure or the Credit Support being transferred): .
If the Company and the Seller do not resolve all Disputed Calculations by the end of thirty (30) days after the date of delivery of the Deferred Payment Calculation Dispute Notice, then the Company and the Seller will submit the remaining Disputed Calculations to the Independent Accounting Firm for resolution.
Any resolution by the Company and the Seller during such thirty (30) day period as to any Disputed Calculations will be final, binding, conclusive and non-appealable on the parties.
Disputed Calculations or Valuations (a) Disputed Calculations or Valuations.
For example, if the Seller claims the collective value of the Disputed Calculations is $1,000 greater than the amount determined by Company, and the Company contests only $500 of the amount claimed by the Seller, and if the Independent Accounting Firm ultimately resolves the dispute by awarding the Seller $300 of the $500 contested, then the Independent Accounting Firm’s fees and expenses shall be allocated 60% (i.e. 300/500) to Company and 40% (i.e. 200/500) to the Seller.
If the Seller timely delivers a Deferred Payment Calculation Dispute Notice to the Company, then the Company and the Seller will attempt in good faith, for a period of thirty (30) days, to agree on the Disputed Calculations.