Common use of Auditors' comfort letters Clause in Contracts

Auditors' comfort letters. The Issuer will (i) at the time of the preparation of the initial Base Prospectus, (ii) thereafter upon each occasion when the same may be revised, supplemented or amended, whether by means of information incorporated by reference or otherwise (insofar as such revision, supplement, amendment or update concerns or contains financial information about the Issuer), and (iii) at other times whenever so requested by a Dealer (on the basis of reasonable grounds) deliver, at the expense of the Issuer to the Dealers a comfort letter or comfort letters from independent auditors of the Issuer in substantially the form and with such content as is consistent with the comfort letter or comfort letters delivered pursuant to the Initial Documentation List provided that no such letter or letters will be delivered under paragraph (ii) above if the only revision, supplement or amendment concerned is the publication or issue of any financial statements (including Form 10-K or 10-Q) of the Issuer. If at or prior to the time of any agreement to issue and purchase Notes under clause 2 such a request is made 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 2 contracts

Samples: Programme Agreement (International Lease Finance Corp), Programme Agreement (International Lease Finance Corp)

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Auditors' comfort letters. The Issuer will (i) at the time of the preparation of the initial Base ProspectusOffering Circular, (ii) thereafter upon each occasion when the same may be revised, supplemented or amended, whether by means of information incorporated by reference or otherwise otherwise, (insofar as such revision, supplement, amendment or update concerns or contains financial information about the Issuer), ) and (iii) at other times whenever so requested by a Dealer (on the basis of reasonable grounds) deliver, at the expense of the Issuer to the Dealers a comfort letter or comfort letters from independent auditors of the Issuer in substantially the form and with such content as is consistent with the comfort letter or comfort letters delivered pursuant to the Initial Documentation List provided that no such letter or letters will be delivered under paragraph (ii) above if the only revision, supplement or amendment concerned is the publication or issue of any financial statements (including Form 10-K or 10-Q) of the Issuer. If at or prior to the time of any agreement to issue and purchase Notes under clause 2 such a request is made 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 (International Lease Finance Corp)

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Auditors' comfort letters. The Issuer will (i) at the time of the preparation of the initial Base ProspectusOffering Circular, (ii) thereafter upon each occasion when the same may be revised, supplemented or amended, whether by means of information incorporated by reference or otherwise otherwise, (insofar as such revision, supplement, amendment or update concerns or contains financial information about the Issuer), ) and (iii) at other times whenever so requested by a Dealer (on the basis of reasonable grounds) deliver, at the expense of the Issuer to the Dealers a comfort letter or comfort letters from independent auditors of the Issuer in substantially the form and with such content as is consistent with the comfort letter or comfort letters delivered pursuant to the Initial Documentation List provided that no such letter or letters will be delivered under paragraph (ii) above if the only revision, supplement or amendment concerned is the publication or issue of any financial statements (including Form 10-K or 10-Q) of the Issuer. If at or prior to the time of any agreement to issue and purchase Notes under clause 2 such a request is made 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 (International Lease Finance Corp)

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