Examples of Payment Dispute Notice in a sentence
For a Payment Dispute Notice to be valid, it must specify in detail the extent to which and the reasons why Client disputes the invoice.
Each Payment Dispute Notice shall specify the statement concerned, the amount of the Dispute and the basis thereof.
The decision of the arbitrator regarding any issue raised in the Contingent Payment Dispute Notice shall be binding and conclusive.
The Reviewing Accountants shall be instructed to review the applicable Earnout Amount Calculation Statement, the Earnout Payment Dispute Notice and all work papers related thereto to determine the Earnout Consideration and use every reasonable effort to determine such amounts within sixty (60) days after the submission of such dispute to it, and in any event, as soon as practicable.
The Reviewing Accountant shall not undertake any review of any matters not specifically identified by the Merger Consideration Recipients’ Agent as being in dispute in the Earnout Payment Dispute Notice and shall only decide the specific items under dispute by the parties and solely in accordance with the terms of this Agreement.
In the event an Earnout Payment Dispute Notice is delivered, Acquirer and the Merger Consideration Recipients’ Agent (or the designated representative of the Merger Consideration Recipients’ Agent) shall meet within twenty (20) Business Days of the delivery of such Earnout Payment Dispute Notice to attempt to resolve such dispute in good faith.
The Contractor shall respond within 45 days of receiving the Payment Dispute Notice with any requested information or documentation.
If the Stockholder Representative and OSI are unable to resolve the dispute within forty-five (45) calendar days following OSI’s receipt of a Contingent Payment Dispute Notice, the dispute shall be submitted to binding arbitration.
If no Future Payment Dispute Notice is received by the Purchaser on or prior to the last day of the applicable Future Payment Review Period, the Future Payment Certificate shall be deemed accepted by the Seller and shall be final, binding and conclusive on the parties hereto.
Thereafter, the Parties shall negotiate in good faith to resolve all issues raised by the Payment Dispute Notice.