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

Accountant's Certificate or Opinion. A letter addressed to the Issuer and the Trustee complying with the requirements of Section 11.01, 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 Issuer within the meaning of this 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 certain specified recalculations of calculations and information provided by the Issuer for the purpose of determining that, based on certain specified assumptions used in calculating the Securitization Charge with respect to the related Transferred Securitization Property, as of the Series Issuance Date for such Series, the Securitization Charge will be sufficient to pay as of each Payment Date taking into account any amounts on deposit in the reserve subaccount: (1) assumed Operating Expenses when incurred, plus (2) the Overcollateralization Amount for such Series set forth in the Prospectus (as such term is defined in the Underwriting Agreement), plus (3) interest on the Securitization Bonds at their respective Interest Rates when due as set forth in the Final Prospectus, plus (4) principal of the Securitization Bonds in accordance with the Expected Amortization Schedule set forth in the Final Prospectus, and found such calculations to be mathematically correct.

Accountant's Certificate or Opinion. A letter addressed to the Issuer and the Trustee complying with the requirements of Section 11.01, 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 Issuer within the meaning of this 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 certain specified recalculations of calculations and information provided by the Issuer for the purpose of determining that, based on certain specified assumptions used in calculating the Securitization Transition Bond Charge with respect to the related Transferred Securitization Bondable Transition Property, as of the Series Issuance Date for such Series, the Securitization Transition Bond Charge will be sufficient to pay as of each Payment Date taking into account any amounts on deposit in the reserve subaccount: (1) assumed Operating Expenses when incurred, plus plus (2) any amounts due under any Hedge Agreement and any Interest Rate Swap Agreement when due, plus (3) the Overcollateralization Amount for such Series set forth in the Final Prospectus (as such term is defined in the Underwriting Agreement), plus plus (34) interest on the Securitization Transition Bonds at their respective Interest Rates when due as set forth in the Final Prospectus, plus plus (45) principal of the Securitization Transition Bonds in accordance with the Expected Amortization Schedule set forth in the Final Prospectus, and found such calculations to be mathematically correct.

Accountant's Certificate or Opinion. A letter addressed to the Issuer and the Trustee complying with the requirements of Section 11.0111.1, 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 Issuer within the meaning of this 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 certain specified recalculations of calculations and information provided by the Issuer for the purpose of determining that, based on certain specified assumptions used in calculating the Securitization BGS Transition Bond Charge with respect to the related Transferred Securitization BGS Bondable Transition Property, as of the Series Issuance Date for such Series, the Securitization BGS Transition Bond Charge will be sufficient to pay as of each Payment Date taking into account any amounts on deposit in the reserve subaccount: (1) assumed Operating Expenses when incurred, plus plus (2) any amounts due under any Interest Rate Swap Agreement when due, plus (3) the Overcollateralization Amount (such amount may be zero) for such Series set forth in the Final Prospectus (as such term is defined in the Underwriting AgreementSeries Supplement), plus plus (34) interest on the Securitization BGS Transition Bonds at their respective Interest Rates when due as set forth in the Final Prospectus, plus plus (45) principal of the Securitization BGS Transition Bonds in accordance with the Expected Sinking Fund Amortization Schedule set forth in the Final Prospectus, and found such calculations to be mathematically correct.

Accountant's Certificate or Opinion. A letter addressed to the Issuer and the Trustee complying with the requirements of Section 11.01, 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 Issuer within the meaning of this 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 certain specified recalculations of calculations and information provided by the Issuer for the purpose of determining that, based on certain specified assumptions used in calculating the Securitization Charge with respect to the related Transferred Securitization Property, as of the Series Issuance Date for such Series, the Securitization Charge will be sufficient to pay as of each Payment Date taking into account any amounts on deposit in the reserve subaccount: (1) assumed Operating Expenses when incurred, plus (2) any amounts due under any Interest Rate Swap Agreement when due, plus (3) the Overcollateralization Amount for such Series set forth in the Prospectus (as such term is defined in the Underwriting Agreement), plus (34) interest on the Securitization Bonds at their respective Interest Rates when due as set forth in the Final Prospectus, plus (45) principal of the Securitization Bonds in accordance with the Expected Amortization Schedule set forth in the Final Prospectus, and found such calculations to be mathematically correct.

Accountant's Certificate or Opinion. A letter addressed to the Issuer and the Trustee complying with the requirements of Section 11.0111.1, 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 Issuer within the meaning of this 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 certain specified recalculations of calculations and information provided by the Issuer for the purpose of determining that, based on certain specified assumptions used in calculating the Securitization BGS Transition Bond Charge with respect to the related Transferred Securitization BGS Bondable Transition Property, as of the Series Issuance Date for such Series, the Securitization BGS Transition Bond Charge will be sufficient to pay as of each Payment Date taking into account any amounts on deposit in the reserve subaccount: (1) assumed Operating Expenses when incurred, plus plus (2) any amounts due under any Interest Rate Swap Agreement when due, plus (3) the Overcollateralization Amount for such Series set forth in the Final Prospectus (as such term is defined in the Underwriting AgreementSeries Supplement), plus plus (34) interest on the Securitization BGS Transition Bonds at their respective Interest Rates when due as set forth in the Final Prospectus, plus plus (45) principal of the Securitization BGS Transition Bonds in accordance with the Expected Sinking Fund Amortization Schedule set forth in the Final Prospectus, and found such calculations to be mathematically correct.