Statutory Auditor. The statutory auditors will be a Big Four Firm, appointed as per the terms of the Shareholders’ Agreement. The Company shall, and the Founders shall ensure that the Company shall, continue to have the statutory auditor appointed in accordance with this Clause as their statutory auditor for so long as the Investors continue to hold Shares (directly or indirectly) in the Company.
Statutory Auditor. The Company will have one statutory auditor (kansayaku) (the “Statutory Auditor”), who will be designated by VIA. The Statutory Auditor may be removed at any time by VIA. lithe Statutory Auditor ceases acting as Statutory Auditor for any reason, the Representative Director may designate a replacement who is approved in writing by VIA. Each Shareholder shall take all necessary or desirable actions within its control to ensure the appointment of such replacement.
Statutory Auditor. In addition to the independent certified public accountant to be employed pursuant to Section 7.2 hereof, the Company shall have one (1) statutory auditor to be nominated by Teijin and to be elected by resolution of the General Shareholders' Meeting.
Statutory Auditor. The Company shall have one statutory auditor who shall be elected at a general meeting of shareholders and the parties agree to cause vote their shares so as to elect such statutory auditor nominated by the Major Shareholders.
Statutory Auditor. The Corporation shall have a principal Statutory Auditor and a corresponding alternate who shall have the functions set forth in the Commercial Code. Both shall serve terms of three (3) years in their offices and their appointment or removal corresponds to the Shareholders’ Meeting. If not replaced upon expiration of the aforementioned term, the officers governed by this Article shall continue to perform their duties with all powers inherent to their office until the appointment of their respective replacements. The principal Statutory Auditor and his alternate who shall exercise their functions during the first statutory period are designated in Chapter XI of this Charter and By-laws.
Statutory Auditor. The Parties shall cause the JVC to have one statutory auditor elected at a general meeting of shareholders of the JVC. VaxGen or other Parties shall be entitled to nominate the statutory auditor upon mutual agreement among the Parties.
Statutory Auditor. 14.1 In accordance with the provisions of Article L. 214-185 of the French Code monétaire et financier, the Management Company’s board of directors shall appoint a statutory auditor for a period of six (6) financial years. The appointment of the statutory auditor may be renewed pursuant to the same conditions.
14.2 The statutory auditor shall carry out the checks and controls required by Article L. 214-185 of the French Code monétaire et financier. In particular, the statutory auditor shall:
(a) certify, whenever necessary, that the financial statements of the Compartment are true and accurate and shall verify the accuracy of the information contained in the management report;
(b) report to the Management Company’s senior management and the Autorité des Marchés Financiers any irregularities and inaccuracies it discovers in the performance of its duties; and
(c) verify the periodic information that the Management Company provides to the Unitholders and prepare an annual report on the Compartment’s financial statements for the Unitholders.
14.3 As remuneration for the performance of its duties to the Compartment, the statutory auditor shall receive the Statutory Auditor Fees, in accordance with the provisions of Schedule 2 (Costs and Fees). The Statutory Auditor Fees shall be paid by the Compartment in accordance with the applicable Priority of Payments.
14.4 Mazars has been appointed as the Compartment’s first statutory auditor. 15 ASSETS OF THE COMPARTMENT
15.1 Composition of the assets
(a) the Purchased Receivables and related Ancillary Rights; and
(b) the cash of the Compartment and Financial Proceeds generated by the investment thereof.
15.2 Sales or pledges of its assets by the Compartment
15.2.1 In accordance with the laws in force, the Compartment is not entitled to pledge or otherwise encumber any of its assets.
15.2.2 Purchased Receivables, whether or not they have matured or been accelerated, may be sold:
(a) if such sale is necessary or appropriate inter alia to enable the Compartment to fulfil its payment obligations under the Senior Units, in which case the relevant Purchased Receivables shall be sold (including to the Seller) for their nominal value and, in the event that, within a period of 30 calendar days from the date they are offered for sale, no buyer has been found that is willing to pay a price equal to their nominal value, the relevant Purchased Receivables shall be sold for the best price offered on the relevant secondary market; and...
Statutory Auditor. 5.11.1. The Company, at all times, shall appoint and retain such reputed firm as may be acceptable to the Principal Investor Majority as the independent, external, statutory auditors of the Company (“Auditor”) in accordance with Applicable Law.
Statutory Auditor. 7 ARTICLE 8 - OPERATION OF THE COMPANY; ASSISTANCE; PRODUCT DEVELOPMENT COORDINATION; RIGHTS OF FIRST REFUSAL TO PRODUCTS.......................... 7 8.1 Adoption and Implementation of Operating Procedures................................................. 7 8.2 Assistance to the Company.................................. 7
Statutory Auditor. A Statutory Auditor shall be appointed by PALTAC, and Yoshiyuki Hakoda xxxxx be the xxxxxxx Xxxxxxxxy Auditor.
