Purchaser Objection definition
Examples of Purchaser Objection in a sentence
Any such objection by Purchaser shall be deemed a Purchaser Objection (defined in Section 6.9 above) and shall be governed by the rights and obligations of the parties set forth in Section 6.9 above.
If Purchaser delivers a Purchaser Objection Notice within such five (5) business day period, Escrow Agent shall continue to hold the Deposit until otherwise directed by either (i) joint written instructions from Purchaser and Seller or (ii) a court order binding on the Escrow Agent which has not been stayed or vacated before disbursement of the Deposit.
If Purchaser does deliver a Purchaser Objection Statement, following such delivery, Seller and Purchaser shall attempt in good faith to resolve promptly any disagreement as to the computation of any item in the Post-Closing Statement.
If the Sellers and the Purchaser cannot fully resolve the Purchaser Objection within 5 Business Days of the date of the Purchaser Objection, the remaining disputed items will be referred to an independent accounting firm of international standing mutually acceptable to the Sellers and the Purchaser for prompt resolution.
If Purchaser does not deliver a Purchaser Objection Statement before the conclusion of such seventy-five (75) day period, the Post-Closing Statement shall be final and binding upon the Parties and Purchaser shall be deemed to have agreed with all items and amounts contained in the Post-Closing Statement.
Purchaser’s and Seller’s respective calculations of the Disputed Items submitted to the Accountant shall not be greater than or less than, respectively, the highest or lowest value ascribed to such Disputed Items in the Post-Closing Statement and the Purchaser Objection Statement.
If a Purchaser Objection Notice is delivered, Sellers and Purchaser shall attempt in good faith for sixty (60) days to agree upon the rights of the respective Parties with respect to each of such claims.
If this Agreement has not been terminated by Purchaser within the Contingency Period and the parties proceed to Closing, then unless there has been a written Purchaser Objection within the Contingency Period that has not been satisfied or waived, any condition not otherwise satisfied or waived as of the Closing shall be deemed fully satisfied or waived by the party for whose benefit the condition had been included as of the Closing.
The Sellers and the Purchaser shall negotiate in good faith to resolve any Purchaser Objection.
If a Purchaser Objection Notice is delivered, Seller and Purchaser shall attempt in good faith for sixty (60) days after delivery of the Purchaser Objection Notice to agree upon the rights of the respective Parties with respect to each of such claims.