Last Auditor definition
Examples of Last Auditor in a sentence
Any decision made by the auditors shall be deemed final and binding upon the Board of Directors and the Advisor and shall be delivered to the Advisor and the Company within not more than 15 days after the selection of the Last Auditor.
In the event the Unaffiliated Directors and the Advisor cannot agree with respect to such selection within the aforesaid 20 day time-frame, the Unaffiliated Directors shall select one such independent auditor and the Advisor shall each select one independent auditor within five business days after the expiration of the 20 day period, with one additional such auditor (the "Last Auditor") to be selected by the auditors so designated within five business days after their selection.
Any decision made by the auditors shall be deemed final and binding upon the Board of Directors and the Manager and shall be delivered to the Manager and the Company within not more than fifteen (15) days after the selection of the Last Auditor.