Independent Expert definition
Examples of Independent Expert in a sentence
Each of Buyer and Seller will use their reasonable efforts to make their presentations as promptly as practicable following submission to the Independent Expert of the disputed items, and each of Buyer and Seller will be entitled, as part of its presentation, to respond to the presentation of the Party and any questions and requests of the Independent Expert.
In deciding any matter, the Independent Expert will be bound by the provisions of this Agreement, including this Section 1.3(d)(ii).
If within 30 days of commencing discussions to determine the amount of lost Reference Copper, the Parties have been unable to agree on such amount, any Party may refer the matter to the Independent Expert in accordance with Section 9.5(2), provided further that in its determination, the Independent Expert must apply the provisions of this Section 2.6(2) (or as otherwise agreed).
It is the intent of the parties hereto that the activities of the Independent Expert in connection herewith are not (and should not be considered to be or treated as) an arbitration proceeding or similar arbitral process and that no formal arbitration rules should be followed (including rules with respect to procedures and discovery).
Each of ▇▇▇▇▇ and ▇▇▇▇▇▇ agrees to execute, if requested by the Independent Expert, a reasonable engagement letter with respect to the determination to be made by the Independent Expert.