Appointment of Independent Auditor Sample Clauses

Appointment of Independent Auditor. On or before the Closing Date, the Securitization Entities appointed a firm of independent public accountants of recognized national reputation that was reasonably acceptable to the Control Party to serve as the independent auditors (“Independent Auditors”) for purposes of preparing and delivering the reports required by Section 3.3, and such Independent Auditors continue to serve in such capacity as of the Restatement Date. It is hereby acknowledged that the accounting firm of Ernst & Young LLP is acceptable for purposes of serving as Independent Auditors. The Securitization Entities may not remove the Independent Auditors without first giving thirty (30) days’ prior written notice to the Independent Auditors, with a copy of such notice also given concurrently to the Trustee, the Rating Agencies, the Control Party, the Manager (if applicable) and the Servicer. Upon any resignation by such firm or removal of such firm, the Securitization Entities shall promptly appoint a successor thereto that shall also be a firm of independent public accountants of recognized national reputation to serve as the Independent Auditors hereunder. If the Securitization Entities shall fail to appoint a successor firm of Independent Auditors within thirty (30) days after the effective date of any such resignation or removal, the Control Party shall promptly appoint a successor firm of independent public accountants of recognized national reputation that is reasonably satisfactory to the Manager to serve as the Independent Auditors hereunder. The fees of any Independent Auditors shall be payable by the Securitization Entities.

Appointment of Independent Auditor. On or before the Closing Date, the Securitization Entities shall appoint a firm of independent public accountants of recognized national reputation that is reasonably acceptable to the Control Party to serve as the independent auditors (“Independent Auditors”) for purposes of preparing and delivering the reports required by Section 3.3. It is hereby acknowledged that the accounting firm of KPMG LLP is acceptable for purposes of serving as Independent Auditors. The Securitization Entities may not remove the Independent Auditors without first giving thirty (30) days’ prior written notice to the Independent Auditors, with a copy of such notice also given concurrently to the Trustee, each Rating Agency, the Control Party, the Manager (if applicable) and the Servicer. Upon any resignation by such firm or removal of such firm, the Securitization Entities shall promptly appoint a successor thereto that shall also be a firm of independent public accountants of recognized national reputation to serve as the Independent Auditors hereunder. If the Securitization Entities shall fail to appoint a successor firm of Independent Auditors within thirty (30) days after the effective date of any such resignation or removal, the Control Party shall promptly appoint a successor firm of independent public accountants of recognized national reputation that is reasonably satisfactory to the Manager to serve as the Independent Auditors hereunder. The fees of any Independent Auditors shall be payable by the Securitization Entities.

Appointment of Independent Auditor. 1.2.1. The Parties shall select one of the chartered accountancy firms out of the Big Four as the Independent Auditor. 1.2.2. In the event the Parties are unable to mutually agree on the appointment of the Independent Auditor out of the Big Four, the Parties shall appoint such firm as the Independent Auditor as may be acceptable to the Authority out of the Big Four. 1.2.3. The Operator shall provide a list of [up to three(3)] potential Independent Auditors, fulfilling the criteria as contemplated in Articles 1.2.1 and 3.1 of this Annexure, to the Authority within fourteen (14) days of the Agreement. 1.2.4. It is upon the understanding as per the bid submitted in the Invitation for Bids Dated [] that the Operator has included the cost of the Independent Auditor in the total project cost. 1.2.5. Upon selection of Independent Auditor by the Parties, an Independent Auditor Agreement to be executed between the Parties.

Appointment of Independent Auditor. IT IS HEREBY RESOLVED, that the selection of KPMG LLP, represented to be a registered independent accounting firm, as the Corporation’s independent auditor, to assist the Corporation in establishing its books of account, to audit its financial statements and otherwise to advise the Corporation with respect to all matters in connection with the preparation of any necessary financial or accounting matters, is hereby authorized, approved, ratified and confirmed in all respects; and it is FURTHER RESOLVED, that such firm shall continue to act as the Corporation’s registered independent public accountants and auditor until so notified otherwise by a member of the Board or a member of the Audit Committee (as defined herein).

Appointment of Independent Auditor. 1.2.1. The Parties shall select one of the chartered accountancy firms preferably out of the Big Four as the Independent Auditor. 1.2.2. In the event the Parties are unable to mutually agree on the appointment of the Independent Auditor out of the Big Four, the Parties shall appoint such firm as the Independent Auditor as may be acceptable to the Authority as per the approved list of Auditor from State Bank of Pakistan or Institute of Chartered Accountants of Pakistan. 1.2.3. The Operator shall provide a list of [up to three(3)] potential Independent Auditors, fulfilling the criteria as contemplated in Articles 1.2.1 and 3.1 of this Annexure, to the Authority within fourteen (14) days of the Agreement. 1.2.4. It is upon the understanding as per the bid submitted in the Invitation for Bids Dated 21st April 2019 that the Operator has included the cost of the Independent Auditor in the total Bid Price which shall be released, as per the payment schedule of Independent Auditor Agreement, in a separate account provided by Independent Auditor. . 1.2.5. Upon selection of Independent Auditor by the Parties, an Independent Auditor Agreement to be executed between the Parties. 1.2.6. Upon signing of the Independent Auditor Agreement, the Operator shall share the copies of its Technical and Financial proposal with its selected Independent Auditor.

Appointment of Independent Auditor. Initially, the Board of Directors appoints BDO Seidman as the independent auditor ox xxx Xompany (the "Auditor"). The Auditor shall examine and audit the financial accounts of the Company and report the results to the Board.

Appointment of Independent Auditor. 1.1.1. Within [thirty (30)] days from the Effective Date, the CONCESSIONAIRE shall provide the Authority with a list of the Quality Control Review rated (QCR rated) reputable firms of chartered accountants for appointment of the Independent Auditor (the First IA List). 1.1.2. Within [fifteen (15)] days of receipt by the Authority of the First IA List, the Authority shall (subject to one of the firms in the First IA List being acceptable to the Authority) select a reputed firm of auditors from First IA List and the Authority and the CONCESSIONAIRE shall appoint such firm as the Independent Auditor in terms of the Independent Auditor Agreement. 1.1.3. In the event the Parties are unable to mutually agree on the appointment of the Independent Auditor out of the QCR rated, the Parties shall appoint such firm as the Independent Auditor as may be acceptable to the Authority out of the top ten in global ranking established and operating in Pakistan. 1.1.4. The Independent Auditor shall provide the services set out in the Independent Auditor Agreement and as requested by the Parties with mutual consent from time to time.

Appointment of Independent Auditor. 1.2.1. The Parties shall select one of the chartered accountancy firms out of the Big Four as the Independent Auditor. 1.2.2. In the event the Parties are unable to mutually agree on the appointment of the Independent Auditor out of the Big Four, the Parties shall appoint such firm as the Independent Auditor as may be acceptable to the Authority out of the Big Four. 1.2.3. The Operator shall provide a list of [up to three(3)] potential Independent Auditors, fulfilling the criteria as contemplated in Articles 1.2.1 and 3.1 of this Annexure, to the Authority within fourteen (14) days of the Agreement.

Appointment of Independent Auditor. 5.1.1 As a Condition Precedents to the Effective Date, the Concessionaire shall appoint a third-party auditor to fulfill the duties and obligations of the Independent Auditor during the Contract Period (the “Independent Auditor”). 5.1.2 The Independent auditor shall carry out annual audit of the books of accounts of the institute and initial physical stock take of the inventory and equipment of the institute. 5.1.3 The Independent Auditor shall be a reputable independent professional and shall not be considered employee, agent or representative of the Parties or any other stakeholder in the Project or any affiliate of any of them, for any purpose. 5.1.4 The appointment mechanism and indicative terms of reference of the Independent Auditor are set out at SCHEDULE-VIII.

Appointment of Independent Auditor. Initially, the Board of ---------------------------------- Directors shall appoint KPMG as the independent auditor of the Company, which auditors shall examine and audit the financial accounts of the Company and report the results to the Board.