Independent Auditor Replacement Funds Sample Clauses

Independent Auditor Replacement Funds. As a condition to the Underwriter’s participation in the Offering, at the closing of the Offering, the Company shall deposit an additional amount equal to Six Hundred Thousand Dollars ($600,000) from the proceeds of the Offering to be utilized as follows (the “Additionally Escrowed Funds”): within sixty (60) calendar days following the closing of the Offering, the Company shall replace its then independent auditing firm with a new one, with such selection subject to the final approval by the Underwriter (which shall not be unreasonably withheld) (the “New Auditing Firm”). Upon such appointment, the Company will cause the New Auditing Firm to conduct a review of the Company’s financial statements included in the Registration Statement in connection with the Offering. Following the New Auditing Firm’s written confirmation to Viewtrade thatthere are no material misstatements or adjustments which would require restatements of the financial statements of the Company included in the Registration Statement, the Additionally Escrowed Funds shall be released to the Company no later than thirty (30) calendar days following such written confirmation. Absent such written confirmation to Viewtrade, the Additionally Escrowed Funds shall remain in escrow for the balance of the 12 month period from the date of closing of the Offering, and shall be released to the Company at the end of such period.
Sample 1
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Related to Independent Auditor Replacement Funds

  • Independent Auditor The Company’s independent auditor, if any, shall be an independent public accounting firm selected by the Member, which may also be the Member’s independent auditor.

  • Independent Audit In the event Transfer Agent determines, based on a review of complaints received in accordance with paragraph 18, above, that Insurance Company is not processing Contractholder transactions accurately, Transfer Agent reserves the right to require that Insurance Company’s data processing activities as they relate to this Agreement be subject to an audit by an independent accounting firm to ensure the existence of, and adherence to, proper operational controls. Insurance Company shall make available upon Transfer Agent’s request a copy of any report by such accounting firm as it relates to said audit. Insurance Company shall immediately notify Transfer Agent in the event of a material breach of operational controls.

  • Independent Auditors The Company shall, until at least the Termination Date, maintain as its independent auditors an accounting firm authorized to practice before the SEC.

  • Independent Accountant Xxxxxxxx LLP (the “Accountant”), which has expressed its opinions with respect to the audited financial statements (which term as used in this Agreement includes the related notes thereto) of the Company filed with the Commission as a part of the Registration Statement and included in the Disclosure Package and the Prospectus, is an independent registered public accounting firm as required by the Securities Act and the Exchange Act.

  • Independent Expert Independent Expert means an investment ------------------ banking firm reasonably agreeable to the Company and the holder of this Warrant who does not (and whose affiliates do not) have a financial interest in the Company or any of its affiliates.

  • Independent Appraiser A Person with no material current or prior business or personal relationship with the Advisor or the Directors and who is a qualified appraiser of Real Property of the type held by the Company or of other Assets as determined by the Board. Membership in a nationally recognized appraisal society such as the American Institute of Real Estate Appraisers or the Society of Real Estate Appraisers shall be conclusive evidence of such qualification as to Real Property.

  • Collateral Audit The Administrative Agent shall have completed an initial collateral audit on or prior to the Closing Date.

  • Determination by Independent Accountant The Independent Accountant shall make a determination as soon as practicable within thirty (30) days (or such other time as the parties hereto shall agree in writing) after their engagement, and their resolution of the Disputed Amounts and their adjustments to the Closing Working Capital Statement and/or the Post-Closing Adjustment shall be conclusive and binding upon the parties hereto.

  • OPINION OF FUND'S INDEPENDENT ACCOUNTANT The Custodian shall take all reasonable action, as a Fund with respect to a Portfolio may from time to time request, to obtain from year to year favorable opinions from the Fund’s independent accountants with respect to its activities hereunder in connection with the preparation of the Fund’s Form N-1A or Form N-2, as applicable, and Form N-SAR or other annual reports to the SEC and with respect to any other requirements thereof.

  • Services as Fund Accountant BISYS will keep and maintain the following books and records of each Fund pursuant to Rule 31a-1 under the Investment Company Act of 1940, as amended (the "Rule"):

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