Examples of Indemnity Dispute Notice in a sentence
In calculating the relevant indemnity amount, the Designated Accounting Firm shall be limited to addressing only those particular disputes referred to in an Indemnity Dispute Notice.
If Purchaser and the Company are unable to reach such resolution within thirty (30) calendar days after the Company’s delivery of an Indemnity Dispute Notice to purchaser, then Purchaser and the Company shall promptly submit any remaining disputed items for final binding resolution to the Designated Accounting Firm.
An Indemnity Dispute Notice shall identify each disputed item, specify the amount of such dispute and set forth in reasonable detail the basis for such dispute.
If the Company does not provide an Indemnity Dispute Notice, such Indemnity Statement shall be deemed final upon the end of such thirty (30) calendar days of Purchaser’s delivery of the Indemnity Statement to the Company.
Nothing herein shall be construed to authorize or permit the Designated Accounting Firm to resolve any item in dispute by making an adjustment to the Indemnity Statement that is outside of the range for such item defined by the Indemnity Statement and an Indemnity Dispute Notice.
Unless the Seller delivers a Interim Loss Indemnity Dispute Notice to Buyer prior to the date that is three Business Days prior to the Closing Date, the Seller will be deemed to have accepted and agreed to Buyer’s estimate of the Interim Loss Estimate Amount (and corresponding Interim Loss Indemnity Escrow Amount, Interim Loss Indemnity Threshold and Indemnity Threshold calculated on the basis thereof) and such amounts shall become conclusive and binding on Buyer and the Seller.
A final draft, dated September 15th, was distributed for review prior to the meeting.
If the Seller gives an Interim Loss Indemnity Dispute Notice to Buyer on or prior to the date that is three Business Days prior to the Closing Date, Buyer and the Seller shall discuss in good faith in order to reach agreement on the Interim Loss Disputed Items set forth in the Interim Loss Indemnity Dispute Notice.
If the Indemnifying Party has timely delivered an Indemnity Dispute Notice, the Indemnifying Party and the Indemnified Party shall proceed in good faith to negotiate a resolution to such dispute.
Within fifteen (15) days after the giving of the Indemnity Dispute Notice, the Indemnifying Party and the Indemnified Party shall negotiate in a bona fide attempt to resolve the matter (in the case of a claim for indemnification brought by a Parent Covered Party pursuant to Section 10.2.1, the provisions of Section 10.6 shall apply).