BDO Expenses definition
BDO Expenses means the amount of bona fide and reasonably documented fees and expenses charged by BDO to the Company in connection with (i) an accelerated audit of the Company’s annual financial statements for the year ended December 31, 2019, (ii) the review of the Company’s interim financial statements for the period through September 30, 2019 conducted in accordance with SAS 100 review procedures, (iii) a physical inventory of the Company’s offices in […], the offices of […] and the offices of […] (conducted in a manner consistent with the prior practices, policies and procedures of the Company), to be completed by January 17, 2020 and (iv) obtaining BDO’s consent for the use of the Financial Statements in Parent’s SEC filings.
Examples of BDO Expenses in a sentence
If (a) either Parent or the Company terminates this Agreement pursuant to Section 9.01(a) or (b) the Company terminates this Agreement pursuant to Section 9.01(d), the Company shall, promptly following such termination, provide Parent with the amount of bona fide and reasonably documented fees and expenses charged by BDO to the Company in respect of the BDO Expenses and Parent shall pay to the Company, within fourteen (14) days following such provision of information, a fee equal to the BDO Expenses.