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This excerpt taken from the MRVL 10-Q filed Sep 8, 2005. Accounting
Firm) for arbitration of any matters which remain in dispute and
which were properly included in the Notice of Disagreement. The Accounting Firm shall be the Orange
County office of Ernst & Young, LLP or, if such firm is unable or
unwilling to act, such other nationally recognized independent public
accounting firm as shall be agreed upon by Seller and Buyer in writing. Seller and Buyer hereby agree to use their
commercially reasonable efforts to cause the Accounting Firm to render a
decision resolving the matters submitted to the Accounting Firm within thirty
(30) days following submission. Seller
and Buyer agree that judgment may be entered upon the arbitral award of the
Accounting Firm in any court having jurisdiction pursuant to Section 10.9. The cost of any arbitration (including the
fees and expenses of the Accounting Firm and reasonable attorney fees and
expenses of the parties) pursuant to this Section 6.11 shall be
borne by Buyer and Seller in inverse proportion as they may prevail on matters
resolved by the Accounting Firm, which proportionate allocations shall also be
determined by the Accounting Firm, as arbitrators, at the time the
determination of the Accounting Firm is rendered on the merits of the matters
submitted. The costs and expenses
incurred by the accountants, auditors and other Representatives of any party
hereto in connection with such partys review of the Statement or otherwise in
connection with the matters that are the subject of this Section 6.11
shall be borne by the party incurring such expenses.
(f) If the sum of the Closing Net Inventory Value as finally determined pursuant to subsections (d)-(e) (the |
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