Common use of Annual Servicing Report of Independent Public Accountants Clause in Contracts

Annual Servicing Report of Independent Public Accountants. On an annual basis on or before November 30 of each calendar year, beginning with November 30, 1999, the Servicer shall cause nationally recognized independent public accountants acceptable to the Deal Agent, to furnish a report to each of the Servicer, the Seller, the Purchaser, the Deal Agent and each Rating Agency then rating the Commercial Paper at the request of EagleFunding substantially to the effect that (i) such accountants have examined certain documents and records relating to the servicing of Receivables under this Agreement, compared the information contained in the Monthly Asset Reports delivered by or on behalf of the Seller under this Agreement during the annual period covered by such report (or such shorter initial period, as the case may be) with such documents and records and that, on the basis of such examination, and subject to such reasonable limitations and qualifications as may be set forth in such report, such accountants are of the opinion that the servicing has been conducted substantially in compliance with the terms and conditions as set forth in Article VI of this Agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such statement and (ii) such accountants have compared the mathematical calculations of each amount set forth in the Monthly Asset Reports delivered pursuant to this Agreement during the period covered by such report with the Servicer's computer reports which were the source of such amounts and that on the basis of such comparison, such accountants are of the opinion that such amounts are in agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such statement.

Annual Servicing Report of Independent Public Accountants. On an annual basis on or before November 30 March 31 of each calendar year, beginning with November 30March 31, 1999, the Servicer shall cause nationally recognized independent public accountants acceptable to the Deal Agent, to furnish a report to each of the Servicer, the Seller, the Purchaser, the Deal Agent and each Rating Agency then rating the Commercial Paper at the request of EagleFunding substantially to the effect that (i) such accountants have examined certain documents and records relating to the servicing of Receivables under this Agreement, compared the information contained in the Monthly Weekly Settlement Reports and Asset Reports delivered by or on behalf of the Seller under this Agreement during the annual period covered by such report (or such shorter initial period, as the case may be) with such documents and records and that, on the basis of such examination, and subject to such reasonable limitations and qualifications as may be set forth in such report, such accountants are of the opinion that the servicing has been conducted substantially in compliance with the terms and conditions as set forth in Article VI of this Agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such statement and (ii) such accountants have compared the mathematical calculations of each amount set forth in the Monthly Weekly Settlement Reports and Asset Reports delivered pursuant to this Agreement during the period covered by such report with the Servicer's computer reports which were the source of such amounts and that on the basis of such comparison, such accountants are of the opinion that such amounts are in agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such statement.

Annual Servicing Report of Independent Public Accountants. On an annual basis on or before November 30 March 31 of each calendar year, beginning with November 30, 1999, the Servicer shall cause nationally recognized independent public accountants acceptable to the Deal Agent, Buyer to furnish a report to each of the Servicer, Servicer and the Seller, the Purchaser, the Deal Agent and each Rating Agency then rating the Commercial Paper at the request of EagleFunding Buyer substantially to the effect that (i) such accountants have examined certain documents and records relating to the servicing of Receivables under this Agreement, compared the information contained in the Monthly Weekly Settlement Reports and Asset Reports delivered by or on behalf of the Seller Originators under this Agreement during the annual period covered by such report (or such shorter initial period, as the case may be) with such documents and records and that, on the basis of such examination, and subject to such reasonable limitations and qualifications as may be set forth in such report, such accountants are of the opinion that the servicing has been conducted substantially in compliance with the terms and conditions as set forth in Article VI of this Agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such statement and (ii) such accountants have compared the mathematical calculations of each amount set forth in the Monthly Weekly Settlement Reports and Asset Reports delivered pursuant to this Agreement during the period covered by such report with the Servicer's computer reports which were the source of such amounts and that on the basis of such comparison, such accountants are of the opinion that such amounts are in agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such statement.

Annual Servicing Report of Independent Public Accountants. On an annual basis on or before November 30 December 31 of each calendar year, beginning with November 30December 31, 19991998, the Servicer Collection Agent shall cause nationally recognized independent public accountants acceptable to the Deal Agent, Buyer (the Buyer acknowledges that in each case any of the "Big 5" accounting firms will be acceptable to the Buyer,) to furnish a report to each of the Servicer, the Seller, the Purchaser, the Deal Collection Agent and each Rating Agency then rating the Commercial Paper at the request of EagleFunding Buyer substantially to the effect that (i) such accountants have examined certain documents and records relating to the servicing of Receivables under this Agreement, compared the information contained in the Monthly Daily Settlement Reports and Asset Reports delivered by or on behalf of the Seller Originator under this Agreement during the annual period covered by such report (or such shorter initial period, as the case may be) with such documents and records and that, on the basis of such examination, and subject to such reasonable limitations and qualifications as may be set forth in such report, such accountants are of the opinion that the servicing has been conducted substantially in compliance with the terms and conditions as set forth in Article VI of this Agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such statement and (ii) such accountants have compared the mathematical calculations of each amount set forth in the Monthly Daily Settlement Reports and Asset Reports delivered pursuant to this Agreement during the period covered by such report with the ServicerCollection Agent's computer reports which were the source of such amounts and that on the basis of such comparison, such accountants are of the opinion that such amounts are in agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such statement.