Examples of Working Capital Objection Notice in a sentence
Notwithstanding the foregoing, if the parties have not referred such dispute to an Accounting Firm within 10 days after the end of the 20-day period following receipt by Parent of a Working Capital Objection Notice, either Acquirer or Parent may bring an arbitration in accordance with the terms of Section 9.9 to resolve such dispute.
If Shareholders’ Representative does not deliver a Working Capital Objection Notice within such thirty (30) calendar day period, then the Closing Date Working Capital Amount shall be deemed to be finally determined as the amount calculated by Buyer.
In the event Acquirer does not deliver a Working Capital Objection Notice within such 30 day period, Company Net Working Capital as set forth in the Working Capital Statement shall be deemed to be final and binding on the parties hereto.
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Any item or calculation included in the calculations of Closing Net Working Capital set forth in the Working Capital Initial Statement which is not specifically objected to in the Working Capital Objection Notice shall be deemed final and binding upon the parties hereto.
A Working Capital Objection Notice shall specify in reasonable detail the items in the Working Capital Statement to which Acquirer objects and shall provide a summary of reasons for such objections.
If the Seller does not timely deliver a Working Capital Objection Notice to Buyer or if the Representative notifies Buyer that it has no objections, Buyer’s determination of the Revised Working Capital shall be final and binding on all parties.
If the parties are unable to resolve any dispute involving any matter set forth in a Working Capital Objection Notice within 20 days after receipt by Parent of a Working Capital Objection Notice, the parties shall refer such dispute to an Accounting Firm to decide the dispute within 30 days of such referral.
The scope of the Accounting Firm’s engagement shall be limited to the resolution of the disputed items described in the Working Capital Objection Notice that the parties hereto are unable to resolve, and the recalculation, if any, of Company Net Working Capital in light of such resolution.
The Working Capital Firm will consider only those items and amounts in the Closing Date Balance Sheet set forth in the Working Capital Objection Notice which Buyer and Shareholders’ Representative are unable to resolve.