Seller’s Accountants definition
Examples of Seller’s Accountants in a sentence
In the event of such a dispute, the Seller’s Accountants and the Purchaser’s Accountants shall attempt to reconcile their differences, and any resolution by them as to any disputed amounts shall be final, binding and conclusive on the parties hereto.
Seller shall cause its accounting staff (“Seller’s Accountants”) to make such inventories and examinations of the Hotel, and of the books and records of the Hotel, as Seller’s Accountants may deem necessary to make the adjustments and prorations required under this Article VIII, or under any other provisions of this Agreement.
Based upon such inventories and examinations, Seller’s Accountants, in consultation with Purchaser, will prepare and deliver to the parties no later than five (5) days prior to the Closing a preliminary closing statement (the “Preliminary Closing Statement”).
If Buyer and Seller are unable to reach such agreement within ten days after receipt by Buyer of such notice, Buyer and Seller shall appoint by mutual agreement the office of an impartial nationally recognized firm of independent certified public accountants other than Seller’s Accountants or Buyer’s Accountants (the “Independent Accountant”) who, acting as experts and not arbitrators, shall resolve the disputed items, and any determination by the Independent Accountant shall be final.
Buyer and Seller shall appoint by mutual agreement the office of an impartial nationally recognized firm of independent certified public accountants other than Seller’s Accountants or Buyer’s Accountants (the “Independent Accountant”) who, acting as experts and not arbitrators, shall resolve the Disputed Amounts only and make any adjustments to the Post-Closing Adjustment, as the case may be, and the Closing Working Capital Statement.