Common use of Audit Committee review procedures Clause in Contracts

Audit Committee review procedures. We note that the Audit Committee will review the fees paid to ▇▇▇▇▇▇▇▇▇▇▇ under the 2010 Management Agreement on a quarterly basis and the terms of the 2010 Management Agreement on an annual basis, to ensure that the 2010 Management Agreement remains in the best interest of the Company. Where the 2010 Management Agreement requires a determination to be made by or on behalf of the Company as to whether any fees or costs incurred by ▇▇▇▇▇▇▇▇▇▇▇ or any third party are reasonable, the Audit Committee (or a person authorised by the Audit Committee) will review these costs and expenses in order to make such determination.

Audit Committee review procedures. We note that the The Audit Committee will review the fees paid to ▇▇▇▇▇▇▇▇▇▇▇ under the 2010 Management Agreement on a quarterly basis and the terms of the 2010 Management Agreement on an annual basis, to ensure that the 2010 Management Agreement remains in the best interest of the Company. Where the 2010 Management Agreement requires a determination to be made by or on behalf of the Company as to whether any fees or costs incurred by ▇▇▇▇▇▇▇▇▇▇▇ or any third party are reasonable, the Audit Committee (or a person authorised by the Audit Committee) will review these costs and expenses in order to make such determination.