Common use of Accountant's Certificate or Opinion Clause in Contracts

Accountant's Certificate or Opinion. Unless otherwise specified ------------------------------------ in a Series Supplement, a certificate or opinion, addressed to the Note Issuer and the Note Trustee complying with the requirements of Section 11.01(a) hereof, of a firm of Independent certified public accountants of recognized national reputation to the effect that (a) such accountants are Independent with respect to the Note Issuer within the meaning of the Indenture, and are independent public accountants within the meaning of the standards of The American Institute of Certified Public Accountants, and (b) with respect to the Collateral, they have made such calculations as they deemed necessary for the purpose and determined that, based on the assumptions used in calculating the initial FTA Charges or, if applicable, the most recent revised FTA Charges, as of the Series Issuance Date for such Series (after giving effect to the issuance of such Series and the application of the proceeds therefrom) such FTA Charges are sufficient to pay (a) Operating Expenses when incurred, plus (b) the Overcollateralization Amount, plus (c) interest on each Series of Notes at their respective Note Interest Rates when due, plus (d) principal of each Series of Notes in accordance with the Expected Amortization Schedule.

Appears in 6 contracts

Samples: Indenture (Sdg&e Funding LLC a De Limited Liability Co), Indenture (Sce Funding LLC), Indenture (Pg&e Funding LLC)

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Accountant's Certificate or Opinion. Unless otherwise specified ------------------------------------ in a Series Supplement, a certificate or opinion, addressed to the Note Issuer and the Note Trustee complying with the requirements of Section 11.01(a) hereof, of a firm of Independent certified public accountants of recognized national reputation to the effect that (a) such accountants are Independent with respect to the Note Issuer within the meaning of the Indenture, and are independent public accountants within the meaning of the standards of The American Institute of Certified Public Accountants, Accountants and (b) with respect to the Collateral, they have made such calculations as they deemed necessary for the purpose and determined that, based on the assumptions used in calculating the initial FTA Charges or, if applicable, the most recent revised FTA Charges, as of the Series Issuance Date for such Series (after giving effect to the issuance of such Series and the application of the proceeds therefrom) such FTA Charges are sufficient to pay (a) Operating Expenses when incurred, plus (b) the Overcollateralization Amount, plus (c) interest on each Series of Notes at their respective Note Interest Rates when due, plus (d) principal of each Series of Notes in accordance with the Expected Amortization Schedule.

Appears in 1 contract

Samples: Indenture (Sierra Pacific Power Co)

Accountant's Certificate or Opinion. Unless otherwise specified ------------------------------------ ----------------------------------- in a Series Supplement, a certificate or opinion, addressed to the Note Issuer and the Note Trustee complying with the requirements of Section 11.01(a) hereof, of a firm of Independent certified public accountants of recognized national reputation to the effect that (a) such accountants are Independent with respect to the Note Issuer within the meaning of the Indenture, and are independent public accountants within the meaning of the standards of The American Institute of Certified Public Accountants, and (b) with respect to the Collateral, they have made such calculations as they deemed necessary for the purpose and determined that, based on the assumptions used in calculating the initial FTA Charges or, if applicable, the most recent revised FTA Charges, as of the Series Issuance Date for such Series (after giving effect to the issuance of such Series and the application of the proceeds therefrom) such FTA Charges are sufficient to pay (a) Operating Expenses when incurred, plus (b) the Overcollateralization Amount, plus (c) interest on each Series of Notes at their respective Note Interest Rates when due, plus (d) principal of each Series of Notes in accordance with the Expected Amortization Schedule.

Appears in 1 contract

Samples: Indenture (Sce Funding LLC)

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Accountant's Certificate or Opinion. Unless otherwise ------------------------------------ specified ------------------------------------ in a Series Supplement, a certificate or opinion, addressed to the Note Issuer and the Note Trustee complying with the requirements of Section 11.01(a) hereof, of a firm of Independent certified public accountants of recognized national reputation to the effect that (a) such accountants are Independent with respect to the Note Issuer within the meaning of the Indenture, and are independent public accountants within the meaning of the standards of The American Institute of Certified Public Accountants, and (b) with respect to the Collateral, they have made such calculations as they deemed necessary for the purpose and determined that, based on the assumptions used in calculating the initial FTA Charges or, if applicable, the most recent revised FTA Charges, as of the Series Issuance Date for such Series (after giving effect to the issuance of such Series and the application of the proceeds therefrom) such FTA Charges are sufficient to pay (a) Operating Expenses when incurred, plus (b) the Overcollateralization Amount, plus (c) interest on each Series of Notes at their respective Note Interest Rates when due, plus (d) principal of each Series of Notes in accordance with the Expected Amortization Schedule.

Appears in 1 contract

Samples: Indenture (Sdg&e Funding LLC a De Limited Liability Co)

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