Common use of Default Price Clause in Contracts

Default Price. The Company’s accountants shall give written notice to the Members of the determination of the Default Price made pursuant to Section 10.03(b)(ii) not later than ten (10) days after such accountant’s receipt of the determination of the Appraised Values pursuant to Section 10.03(a). The determination by the accountants of such amounts, including all components thereof, shall be deemed conclusive absent any manifest error.

Appears in 2 contracts

Sources: Operating Agreement (Thomas Properties Group Inc), Operating Agreement (Thomas Properties Group Inc)