Common use of Procedures Review Clause in Contracts

Procedures Review. A one-time fee to review Client policies and procedures and advisor/sub-advisor and Administrator policies and procedures relating to Client’s compliance with the Liquidity Rule and, if necessary, to draft the same for Client/adviser, as follows: Review/Draft Client Procedures: $3,000.00 Review/Draft Adviser Procedures: $2,000.00 Review Sub-Adviser Procedures: $1,500.00 each Review Administrator Procedure: $1,500.00 (fee waived where Gemini is Administrator)