Examples of Earnout Statement of Objections in a sentence
If the Sellers’ Representative delivers the Adjusted EBITDA Earnout Statement of Objections before the expiration of the Adjusted EBITDA Earnout Review Period, Buyer and the Sellers’ Representative shall negotiate in good faith to resolve such dispute within thirty (30) days after the delivery of the Adjusted EBITDA Earnout Statement of Objections (the “Adjusted EBITDA Earnout Resolution Period”).
If the Sellers’ Representative fails to deliver the Adjusted EBITDA Earnout Statement of Objections before the expiration of the Adjusted EBITDA Earnout Review Period, the Adjusted EBITDA Earnout Payment as calculated by Buyer and set forth in the Adjusted EBITDA Earnout Statement shall be deemed final and to have been accepted by the Sellers’ Representative and the Seller Members.
The Parties shall instruct the Arbitrator to consider only those items and amounts set forth in the Gross Margin Earnout Statement as to which the Seller has disagreed pursuant to the Gross Margin Earnout Statement of Objections and the Purchaser and the Seller have not resolved their disagreement.
If Sellers fail to deliver the Earnout Statement of Objections before the expiration of the Earnout Review Period, the Earnout Certificate for such Period and the amount of the Earnout Payments set forth in such Earnout Certificate shall be deemed to have been accepted by Sellers.
If Seller fails to deliver the Earnout Statement of Objections before the expiration of the Earnout Review Period, the Revenue, Earnout Shares and Earnout Payment reflected in the Earnout Statement shall be deemed to have been accepted by Seller as of the last day of the Earnout Review Period.
If Seller Rep fails to deliver the Earnout Statement of Objections before the expiration of the Earnout Review Period, the Earnout Statement and the amount of the Earnout Payment, and the amount of Buyer Parent Shares issuable pursuant to this Section 1.3 based thereon shall be deemed final and to have been accepted by the Seller Rep and the Seller Parties.
During the Earnout Review Period, Seller Rep's advisors and accountants shall have reasonable access to the books and records of the Company, the personnel of, and work papers prepared by, Buyer Parties to the extent that they relate to the Earnout Statement as Seller Rep and its accountants may reasonably request for the purpose of reviewing the Earnout Statement and to prepare an Earnout Statement of Objections, if any.
In resolving any such disagreement, the Arbitrator may only select the aggregate value claimed by the Purchaser in the Gross Margin Earnout Statement or by the Seller in the Gross Margin Earnout Statement of Objections.
If Seller does not deliver an Earnout Statement of Objections to Buyer prior to the expiration of the Earnout Review Period, then the Interim Earnout Statement prepared and delivered by Buyer shall be deemed final.
If Seller (if prior to the Liquidation Date) or Seller’s Agent (if after the Liquidation Date), delivers an Earnout Statement of Objections before the expiration of an Earnout Review Period, Parent Purchaser and Seller (if prior to the Liquidation Date) or Seller’s Agent (if after the Liquidation Date) shall negotiate in good faith to resolve such dispute within thirty (30) days after Parent Purchaser’s receipt of such Earnout Statement of Objections (an “Earnout Resolution Period”).