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

Accountant's Certificate or Opinion. Unless otherwise specified in a Trust Issuance Certificate or a Series Supplement, if any, a certificate or opinion, addressed to the Note Issuer and the Indenture 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 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 Note 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 IFCs or, if applicable, the most recent revised IFCs, 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 IFCs 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 2 contracts

Samples: Indenture (Illinois Power Securitization Limited Liability Co), Illinois Power Securitization Limited Liability Co

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Accountant's Certificate or Opinion. Unless otherwise specified in a Trust Trustee's Issuance Certificate or a Series Supplement, if any, a certificate or opinion, addressed to the Note Issuer and the Indenture 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 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 Note 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 IFCs or, if applicable, the most recent revised IFCs, 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 IFCs 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: Illinois Power Securitization Limited Liability Co

Accountant's Certificate or Opinion. Unless otherwise specified in a Trust Trustee's Issuance Certificate or a Series Supplement, if any, a certificate or opinion, addressed to the Note Issuer and the Indenture 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 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 Note 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 IFCs or, if applicable, the most recent revised IFCs, 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 IFCs 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 (Comed Funding LLC)

Accountant's Certificate or Opinion. Unless otherwise specified in a Trust Trustee's Issuance Certificate or a Series Supplement, if any, a certificate or opinion, addressed to the Note Issuer and the Indenture 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 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 Note 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 IFCs Transition Charges or, if applicable, the most recent revised IFCsTransition 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 IFCs Transition Charges are sufficient to pay (a) Operating Expenses when incurred, plus (b) the Required Overcollateralization AmountLevel, 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: Interest Original Principal (Central & South West Corp)

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Accountant's Certificate or Opinion. Unless otherwise specified in a Trust Trustee's Issuance Certificate or a Series Supplement, if any, a certificate or opinion, addressed to the Note Issuer and the Indenture 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 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 Note 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 IFCs or, if applicable, the most recent revised IFCs, 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 IFCs 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 (Comed Funding LLC)

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