Examples of Inventory Dispute Notice in a sentence
Any items disputed in the Inventory Dispute Notice shall be resolved under the procedures set forth in Section 2.2(d) of this Agreement (with the provisions of such Section relating to disputed items set forth in a Notice of Disagreement applying mutatis mutandis to disputed items set forth in an Inventory Dispute Notice).
Any Inventory Dispute Notice delivered by Purchaser must provide reasonable detail with respect to the items and amounts with which Purchaser disagrees in the Inventory Statement.
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If Seller disagrees with the Buyer’s Inventory Value set forth in Buyer’s Inventory Value Statement, Seller may provide written notice to Buyer disputing such calculations or lack thereof (an “Inventory Dispute Notice”), which Inventory Dispute Notice shall specify Seller’s calculation of the Inventory Value and the nature of the disagreement to the extent practicable.
If an Inventory Dispute Notice is timely delivered to Buyer, then, during the seven (7) calendar day period following delivery of the Inventory Dispute Notice, the Parties shall negotiate in good faith to resolve all disagreements and to agree upon the calculation of the Closing Inventory Value and the amount of Inventory Value agreed upon by the Parties in writing shall be deemed final for purposes of this Agreement.
Any items not disputed in the Inventory Dispute Notice shall be binding upon the parties.
On the fifth (5th) Business Day following appointment of an Inventory Referee, Schering-Plough will submit the Proposed Final Inventory Schedule to the Inventory Referee (if applicable, as amended following discussions with Centocor) with a copy to Centocor, and Centocor will submit the Inventory Dispute Notice (if applicable, as amended following discussions with Schering-Plough) to the Inventory Referee with a copy to Schering-Plough.
Any item or amount to which no dispute is raised in the Inventory Dispute Notice will be final, conclusive and binding on the Parties.
Sellers shall set forth in detail in the Channel Inventory Dispute Notice the basis for its disagreement with the Buyer’s calculation of the Excess Channel Inventory Value.
If Seller disagrees with Buyer’s Inventory Value set forth in Buyer’s Inventory Value Statement, Seller may provide written notice to Buyer disputing such calculations or lack thereof (an “Inventory Dispute Notice”), which Inventory Dispute Notice shall specify Seller’s calculation of the Inventory Value and the nature of the disagreement to the extent practicable.