Examples of Expert Determination Procedure in a sentence
If the Parties settle the Specified Dispute before the Independent Expert delivers its written decision, the Expert Determination Procedure will be terminated and the Independent Expert shall record the settlement in the form of a consent decision of the Parties.
If, within twenty (20) days of receipt of the requested information, the Parties have not resolved the Dispute, then such Dispute may be referred by either Party for determination in accordance with the Expert Determination Procedure.
Until the Responsible TopCo and the DPA Counterparty agree the matters which are the subject of a Preliminary Sale IRR Report or the Dispute in respect of it has been determined by an Expert in accordance with the Expert Determination Procedure, there shall be no Sale IRR Report.
Each Appraiser shall prepare a detailed written appraisal of the Fair Market Value of the KPCo Interest within sixty (60) days after the selection of such third Appraiser and provide its valuation reports to each of the Owners.
Among the important aspects in the ED rules comprises the scope, appointment of Expert, Role of The Expert, Expert Determination Process, Expert Determination Procedure, Parties to Facilitate Expert Determination, The Determination and Costs.
Without prejudice to the foregoing, each of the Generator and the DPA Counterparty acknowledges and agrees that it is its intention, and (subject and without prejudice to the Expert Determination Procedure) each such person shall use its reasonable endeavours to ensure, that there shall be an Equity IRR Report in respect ofa Project Gain Share Calculation Period before the date which is eighteen (18) months after the relevant Project Gain Share Calculation Date.
The Parties further agree to keep confidential any documentation or information received by them pursuant to the Expert Determination Procedure, subject to and in accordance with clause 5 (Confidentiality) of the Common Terms Agreement.
Any adjustment to such provisional calculation and payment, if necessary, will be made within thirty (30) days after such applicable Net Back Value is agreed or finally determined pursuant to this Article 13.1(b) or the Expert Determination Procedure.
If the Parties do not agree that Completion of the LTO Services has occurred within five (5) Business Days of NuclearSub’s notice under this Clause 7.2(H), either Party may refer the Dispute for determination in accordance with the Expert Determination Procedure.
All documents to be sent to the Principal under this Expert Determination Procedure must be sent to the relevant person in accordance with clause 7 of NCW4.