Earnout Dispute Period definition
Examples of Earnout Dispute Period in a sentence
If an Earnout Dispute Notice is not delivered pursuant to Section 3.2(c) below, then in no event later than ten (10) Business Days following the expiration of the Earnout Dispute Period, Parent shall pay or cause to be paid the Earnout Amount in accordance with the terms of this Agreement.
If Sellers fail to deliver a Seller Notice of Dispute during the Earnout Dispute Period, Purchaser’s calculation of the applicable Earnout Amount shall be deemed to be final, correct and binding on the parties.
Seller shall have a period of fifteen (15) Business Days after receipt of the Buyer's Statement (the "Earnout Dispute Period") within which to dispute the calculations set forth therein by means of a written notice of dispute setting forth in reasonable detail the grounds for such dispute ("Seller's Dispute Notice").
If an Earnout Dispute Notice is not delivered pursuant to subsection (C) below, then in no event later than twenty (20) Business Days following the expiration of the Earnout Dispute Period, ArthroCare shall pay or cause to be paid the Contingent Consideration in cash by wire transfer of immediately available funds to such account as Sellers shall designate by written notice to Buyer.
If the Seller delivers an Earnout Dispute Notice within the Earnout Dispute Period, the Seller and the Buyer will negotiate in good faith to resolve any Earnout Disputes.
Seller may, at any time during the Earnout Dispute Period, provide written notice to Buyer that Seller has agreed to the Earnout Payment detailed in the Buyer's Statement (which notice shall be irrevocable once received by Buyer), in which case Buyer shall pay to Seller such Earnout Payment within ten (10) Business Days after Buyer has received such written notice.
During the Earnout Dispute Period and until the final determination of any Disputed Items, Seller shall be provided with all work papers and back-up materials requested in writing to the extent used by Parent to prepare the calculation of such Disputed Items for the applicable Earnout Period.
If the Shareholders (or any of them) have an Earnout Dispute, then the Shareholders (or any of them) shall give the Buyer (with a copy to Delta) written notice of such dispute (an "EARNOUT DISPUTE NOTICE") within the Earnout Dispute Period, setting forth in reasonable detail the items with which the Shareholders disagree, together with supporting calculations.
The API Representative may, at any time prior to the last day of such Earnout Dispute Period, notify Acquiror that such party agrees with the Earnout Statement, and upon such notification from the API Representative, the Proposed Earnout Amount shall be deemed to be the “Final Earnout Amount”.
If the API Representative does not deliver an Earnout Dispute Notice to Acquiror prior to the end of the Earnout Dispute Period, then such Earnout Statement shall be conclusive, final and binding on the API Entities and Acquiror (and all other Parties) in the form in which it was delivered to the API Representative and such Proposed Earnout Amount shall be deemed to be the “Final Earnout Amount”.