Independent Determination definition
Examples of Independent Determination in a sentence
Each Loan Party shall reasonably cooperate with Agent and the subject firm in preparing each Field Review and Independent Determination Report requested by Agent.
Once the Independent Determination is made, the Basic Rental for the Premises for the renewal period shall be the figure submitted by Landlord and Tenant which is closer to the Independent Determination, which result shall be binding on Landlord and Tenant.
If the parties cannot so agree within those 30 days, then the parties shall appoint an independent accounting firm or a qualified and independent firm, to render a final determination regarding the value of the Additional Seller Shares, if any, to be issued for that Determination Date (the "Independent Determination").
The term "Independent Determination" shall have the meaning specified in section 3.2.
In the event of an unresolved difference between Seller and the Companies as to the quality of the Product, the sealed sample of the Product in question that is in the possession of the Independent Inspector shall be provided to an independent laboratory for an independent determination of quality (“Independent Determination”), which Independent Determination shall be binding on the Parties.
If the Purchaser offers to purchase all such Shares, the Transfer shall be consummated on the terms and conditions approved by in the Independent Determination.
The Independent Determination will be final and binding on both the Company and the Executive.
Seller shall be solely responsible for the cost for such Independent Determination in the event that it is determined that the quality of the Product in question does not conform to the Specifications.
Once the Independent Determination is made, the Basic Rental for the Premises for the Option Period will be the figure submitted by Landlord and Tenant which is closer to the Independent Determination, which result will be binding on Landlord and Tenant.
Absent an express signed written agreement by SAI after an Independent Determination approving such action, no assignment of any of the rights or obligations under this Agreement shall result in a novation or in any other way release the assignor from its obligations under this Agreement.