Common use of Auditors' comfort letters Clause in Contracts

Auditors' comfort letters. The Issuer will: (a) at the time of the preparation of the initial Prospectus; (b) on each occasion when the Prospectus is updated or amended pursuant to sub-clause 5.2(a) below and, if so requested by the Arranger on behalf of the Dealers or the relevant Dealer or Lead Manager, on each occasion when the Prospectus is revised, supplemented or amended (insofar as such revision, supplement, amendment or update concerns or contains financial information about the Issuer; and (c) at other times whenever so reasonably requested by a Dealer (which may include, without limitation, any issue of Notes), deliver, at the expense of the Issuer to the Dealers a comfort letter or comfort letters from independent auditors of the Issuer in such form and with such content as the Dealers may reasonably request (which may include, without limitation an AUP letter) provided that no such letter or letters will be delivered under sub-clause 3.5(b) if the only revision, supplement or amendment concerned is the publication or issue of any annual or interim financial statements of the Issuer or any Category A Shareholder. If at or prior to the time of any agreement to issue and purchase Notes under Clause 2 such a request is made pursuant to sub-clause 3.5(c) with respect to the Notes to be issued, the receipt of the relevant comfort letter or letters in a form satisfactory to the relevant Dealer shall be a further condition precedent to the issue of those Notes to that Dealer.

Appears in 4 contracts

Samples: Programme Agreement, Programme Agreement, Programme Agreement

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Auditors' comfort letters. The Issuer will: (a) at the time of the preparation of the initial Prospectus; (b) on each occasion when the Prospectus is updated or amended pursuant to sub-clause 5.2(a) below and, if so requested by the Arranger on behalf of the Dealers or the relevant Dealer or Lead Manager, on each occasion when the Prospectus is revised, supplemented or amended (insofar as such revision, supplement, amendment or update concerns or contains financial information about the Issuer); and (c) at other times whenever so reasonably requested by a Dealer (which may include, without limitation, any issue of Notes), deliver, at the expense of the Issuer to the Dealers a comfort letter or comfort letters from independent auditors of the Issuer in such form and with such content as the Dealers may reasonably request (which may include, without limitation an AUP letter) provided that no such letter or letters will be delivered under sub-clause 3.5(b(b) if the only revision, supplement or amendment concerned is the publication or issue of any annual or interim financial statements of the Issuer or any Category A ShareholderIssuer. If at or prior to the time of any agreement to issue and purchase Notes under Clause 2 such a request is made pursuant to sub-clause 3.5(c) with respect to the Notes to be issued, the receipt of the relevant comfort letter or letters in a form satisfactory to the relevant Dealer shall be a further condition precedent to the issue of those Notes to that Dealer.

Appears in 1 contract

Samples: Programme Agreement

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Auditors' comfort letters. The Issuer will: (a) at the time of the preparation of the initial Prospectus; (b) on each occasion when the Prospectus is updated or amended pursuant to sub-clause 5.2(a) below and, if so requested by the Arranger on behalf of the Dealers or the relevant Dealer or Lead Manager, on each occasion when the Prospectus is revised, supplemented or amended (insofar as such revision, supplement, amendment or update concerns or contains financial information about the Issuer; and (c) at other times whenever so reasonably requested by a Dealer (which may include, without limitation, any issue of Notes), deliver, at the expense of the Issuer to the Dealers a comfort letter or comfort letters from independent auditors of the Issuer in such form and with such content as the Dealers may reasonably request (which may include, without limitation an AUP letter) provided that no such letter or letters will be delivered under sub-clause 3.5(b) if the only revision, supplement or amendment concerned is the publication or issue of any annual or interim financial statements of the Issuer or any Category A Shareholder. If at or prior to the time of any agreement to issue and purchase Notes under Clause 2 such a request is made pursuant to sub-clause 3.5(c) with respect to the Notes to be issued, the receipt of the relevant comfort letter or letters in a form satisfactory to the relevant Dealer shall be a further condition precedent to the issue of those Notes to that Dealer.

Appears in 1 contract

Samples: Programme Agreement

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