Common use of Objection to Offset Right Clause in Contracts

Objection to Offset Right. If Holders’ Representative shall timely object in writing to an exercise of the Offset Right by Parent, Holders’ Representative and Parent shall attempt in good faith to agree upon the rights of the respective parties with respect to each of such claims within thirty (30) days after such objection. If Holders’ Representative and Parent should so agree on a claim, a memorandum setting forth such agreement shall be prepared and signed by such parties, which shall include a statement of the amount of resulting reduction in the Indemnification Hold-Back Amount.

Appears in 1 contract

Sources: Merger Agreement (Invitae Corp)

Objection to Offset Right. If Holders’ the Representative shall timely object in writing to an exercise of the Offset Right by Parent, Holders’ the Representative and Parent shall attempt in good faith to agree upon the rights of the respective parties with respect to each of such claims within thirty twenty (3020) days Business Days after such objection. If Holders’ the Representative and Parent should so agree on a claim, a written memorandum setting forth such agreement shall be prepared and signed by such parties, which shall include include, if applicable, a statement of the amount of resulting reduction in the Indemnification Hold-Back AmountMilestone Consideration pursuant to Section 7.2(a).

Appears in 1 contract

Sources: Merger Agreement (Exact Sciences Corp)

Objection to Offset Right. If Holders’ the Representative shall timely object in writing to an exercise of the Offset Right by Parent, Holders’ the Representative and Parent shall attempt in good faith to agree upon the rights of the respective parties with respect to each of such claims within thirty twenty (3020) days Business Days after such objection. If Holders’ the Representative and Parent should so agree on a claim, a written memorandum setting forth such agreement shall be prepared and signed by such parties, which shall include include, if applicable, a statement of the amount of resulting reduction in the Indemnification Hold-Back AmountMilestone Consideration, Tax Refunds or Earnout Consideration pursuant to Section 7.2(a).

Appears in 1 contract

Sources: Merger Agreement (Relay Therapeutics, Inc.)