MRVL » Topics » Notice of Disagreement

This excerpt taken from the MRVL 10-Q filed Sep 8, 2005.
Notice of Disagreement”) to Seller prior to the twentieth (20th) day following delivery

 

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of the Statement, then (A) the Statement shall become final and binding upon such 20th day, and (B) if the Closing Net Inventory Value is more than $5,300,000, Buyer within five (5) business days thereafter will deliver to Seller a check payable to Seller in the amount by which the Closing Net Inventory Value exceeds $5,300,000.

 

(d)                                 Any Notice of Disagreement shall specify in reasonable detail the nature of any disagreement so asserted.  If a Notice of Disagreement is received by Seller in a timely manner, then the Statement (as revised in accordance with this Section 6.11) shall become final and binding upon Seller and Buyer on the earlier of (i) the date on which Seller and Buyer resolve in writing any differences they have with respect to the matters specified in the Notice of Disagreement or (ii) the date any disputed matters are finally resolved in writing by the Accounting Firm (as defined below).

 

(e)                                  During the 30-day period following the delivery of a Notice of Disagreement, Seller and Buyer shall seek to resolve in writing any differences which they may have with respect to the matters specified in the Notice of Disagreement.  At the end of such 30-day period, Seller and Buyer shall submit to an independent accounting firm (the “

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