Resolution Accountant definition
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 ▇▇▇▇▇ and Purchaser.
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 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.
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.
The Resolution Accountant shall render its determination on the disagreement submitted to it within ten (10) days of submission of the disagreement by Buyer and Seller.
The Resolution Accountant shall have the right to review all accounting records relevant to the EBITDA Statement.
The determination of the Resolution Accountant shall be delivered within ninety (90) days after the appointment of the Resolution Accountant and shall be binding on Phoenix and the Sand Shareholders.
The fees and costs of the Resolution Accountant shall be borne one-half by Phoenix and one-half by the Sand Shareholders.
The Resolution Accountant shall determine the correct amount, or any other matter, that is the subject of the dispute which determination shall be final.