Examples of Resolution Accountant in a sentence
In acting under this Agreement, the Resolution Accountant shall be entitled to the privileges and immunities customary of arbitrators.
The fees and expenses of the Resolution Accountant shall be shared equally by Xxxxx and Purchaser.
If, during his review of the Certificate and accompanying worksheets and records, Representative or his designated accountant disagrees with the computation prepared by Phoenix and such disagreement cannot, with good faith effort, be promptly settled, Phoenix and Representative shall appoint a mutually satisfactory independent certified public accountant (the "Resolution Accountant") to review the computations of both Phoenix and Representative.
The EBITDA Statement, as and when adjusted to reflect the Resolution Accountant's resolution of any disagreement between Buyer and Seller, if any, shall be deemed the Final Determination of EBITDA on the date that the Resolution Accountant delivers its determination to Buyer.
The Resolution Accountant shall determine the correct amount, or any other matter, that is the subject of the dispute which determination shall be final.
The Resolution Accountant shall have the right to review all accounting records relevant to the EBITDA Statement.
Fees and expenses for the Resolution Accountant (i) shall be paid by the Seller if the EBITDA Statement is affirmed by the Resolution Accountant or (ii) shall be apportioned between Buyer and Seller if the Resolution Accountant determines that Final Determination of EBITDA exceeds the amount of the EBITDA Statement.
The fees payable to the Resolution Accountant shall borne by each of Vivendi and Company as equitably determined by the Resolution Accountant.
The fees and costs of the Resolution Accountant shall be borne one-half by Phoenix and one-half by the Sand Shareholders.
Within three (3) business days after the Resolution Accountant makes his determination, Phoenix shall pay the Sand Shareholders the aggregate amount by which the Contingent Payment is increased thereby or the Sand Shareholders shall reimburse Phoenix the aggregate amount by which the Contingent Payment is decreased thereby.