Examples of Milestone Statement in a sentence
In the event Seller delivers the Earn-Out Milestone Statement in accordance with clause (b) above, the review and dispute resolution procedures applicable to Seller with respect to the Earn-Out Milestone Statement and calculation of the Earn-Out Payment set forth in Section 2.5.3 shall apply mutatis mutandis to Buyer.
The Expert Calculations shall reflect in detail the differences, if any, between the Closing Net Working Capital Amount, Closing Cash, Closing Indebtedness, Transaction Expenses, the Purchase Price, or Earn-Out Payment reflected therein and the Closing Net Working Capital Amount, Closing Cash, Closing Indebtedness, Transaction Expenses or Purchase Price set forth in the Closing Statement or Earn-Out Payment set forth in the Earn-Out Milestone Statement, as applicable.
Until the date on which the Earn-Out Payment and Earn-Out Milestone Statement shall become final and binding on the parties, Buyer shall cause the Group Companies to preserve the accounting books and records of the Group Companies on which the Earn-Out Milestone Statement is to be based and shall not take any actions with respect to such books and records that would obstruct or prevent the procedures set forth in this Section 2.5 and Section 2.6.
CLIN Milestone Statement of work Reference/Required Accomplishments (Reference paragraphs are in Attachment 1 of this Agreement) Method of Verification Payment Percent * Actual Amount 0001 % $ 0002 % $ ATTACHMENT 2 DOCUMENT REPORTING REQUIREMENTS All reports below will be submitted to the following email addresses: Distribution emails: Agreements Officer’s Representative: t Subject Matter Experts (SME): SOCOM SBIR OFFICE: xxxx@xxxxx.xxx Contracting: XX_XXXXX@xxxxx.xxx A.
If the Shareholder Representative objects to the draft Milestone Statement or the draft Closing Statement (each a “Statement”) prepared pursuant to Section 2.7.2 or 2.8.2, respectively, the Shareholder Representative will give notice to the Purchaser no later than 30 days after delivery of the draft Statement.
In order to assess whether and in which amount the Second Purchase Price became due, the Sellers’ Representative will immediately after achievement of the Milestones present such financial documents to the Purchaser which evidence achievement of the Milestones (the Milestone Statement).
The Purchaser shall have 20 Business Days to object against the correctness of the Milestone Statement and shall notify the Sellers Representative of the objection.
During the period from the date of delivery of the draft Milestone Statement until the date no later than 15 days thereafter, the Purchaser will give the Shareholder Representative reasonable access to the working papers used to create the Milestone Statement.
If the Shareholder Representative does not give a notice of objection in accordance with Section 2.9, the Common Shareholders will be deemed to have accepted the draft Milestone Statement which will be final and binding on the Parties.
The Independent Accountant shall decide only the specific items under dispute by the parties and their decision for each Disputed Milestone Amount must be within the range of values assigned to each such item in the Milestone Certificate and the Milestone Statement of Objections, respectively.