Common use of Statutory Auditors Clause in Contracts

Statutory Auditors. The Parties agree that the Quota Holders’ Meeting shall appoint a statutory auditor of the Company which shall consist of one (1) effective member who shall serve for three years and shall be designated by the parties on a rotating bases. The first statutory auditor shall be designated by Pirelli.

Appears in 3 contracts

Sources: Joint Venture Agreement (Clean Diesel Technologies Inc), Joint Venture Agreement (Clean Diesel Technologies Inc), Joint Venture Agreement (Clean Diesel Technologies Inc)