Common use of Reports by Independent Accountants Clause in Contracts

Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered public accountants of recognized national reputation for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series Supplements. Upon any resignation by such firm the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered public accountants that has resigned within fifteen days after such resignation, the Indenture Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten days thereafter the Indenture Trustee shall promptly appoint a successor firm of Independent registered public accountants of recognized national reputation. The fees of such firm of Independent registered public accountants and its successor shall be payable by the Issuer.

Appears in 5 contracts

Samples: Indenture (Monongahela Power Co /Oh/), Indenture (MP Environmental Funding LLC), Indenture (MP Environmental Funding LLC)

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Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered certified public accountants of recognized national reputation for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series Supplements. Upon any resignation by such firm the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered certified public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered certified public accountants that has resigned within fifteen 15 days after such resignation, the Indenture Bond Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten 10 days thereafter the Indenture Bond Trustee shall promptly appoint a successor firm of Independent registered certified public accountants of recognized national reputation. The fees of such firm of Independent registered certified public accountants and its successor shall be payable by the Issuer.

Appears in 5 contracts

Samples: Indenture (Peco Energy Transition Trust), Indenture (Peco Energy Transition Trust), Indenture (Peco Energy Transition Trust)

Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered certified public accountants of recognized national reputation for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series Supplements. Upon any resignation by such firm firm, the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered certified public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered certified public accountants that has resigned within fifteen 15 days after such resignation, the Indenture Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten 10 days thereafter thereafter, the Indenture Trustee shall promptly appoint a successor firm of Independent registered certified public accountants of recognized national reputation. The fees of such firm of Independent registered certified public accountants and its successor shall be payable by the Issuer.

Appears in 5 contracts

Samples: Indenture (Pp&l Transition Bond Co Inc), Indenture (Pp&l Transition Bond Co Inc), Indenture (Reliant Energy Transition Bond Co LLC)

Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered certified public accountants of recognized national reputation for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series Supplements. Upon any resignation by such firm firm, the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered certified public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered certified public accountants that has resigned within fifteen (15) days after such resignation, the Indenture Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten (10) days thereafter thereafter, the Indenture Trustee shall promptly appoint a successor firm of Independent registered certified public accountants of recognized national reputation. The fees of such firm of Independent registered certified public accountants and its successor shall be payable by the Issuer.

Appears in 5 contracts

Samples: Indenture (Pse&g Transition Funding LLC), Indenture (PSE&G Transition Funding II LLC), Indenture (Detroit Edison Securitization Funding LLC)

Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered certified public accountants of recognized national reputation reputation, subject to the approval of the Trustee, for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series Supplements. Upon any resignation by such firm firm, the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered certified public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered certified public accountants that has resigned within fifteen 30 days after such resignation, the Indenture Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten (10) days thereafter thereafter, the Indenture Trustee shall promptly appoint a successor firm of Independent registered certified public accountants of recognized national reputation. The fees of such firm of Independent registered certified public accountants and its successor shall be payable by the Issuer.

Appears in 2 contracts

Samples: Indenture (Consumers Energy Co Financing V), Indenture (Consumers Funding LLC)

Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered certified public accountants of recognized national reputation for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series Supplements. Upon any resignation by such firm firm, the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered certified public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered certified public accountants that has resigned within fifteen 15 days after such resignation, the Indenture Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten days thereafter thereafter, the Indenture Trustee shall promptly appoint a successor firm of Independent registered certified public accountants of recognized national reputation. The fees of such firm of Independent registered certified public accountants and its successor shall be payable by the Issuer.

Appears in 2 contracts

Samples: Indenture (Atlantic City Electric Transition Funding LLC), Indenture (Atlantic City Electric Transition Funding LLC)

Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered certified public accountants of recognized national reputation for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series SupplementsIndenture. Upon any resignation by such firm firm, the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered certified public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered certified public accountants that has resigned within fifteen 15 days after such resignation, the Indenture Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten 10 days thereafter thereafter, the Indenture Trustee shall promptly appoint a successor firm of Independent registered certified public accountants of recognized national reputation. The fees of such each firm of Independent registered certified public accountants and its successor shall be payable by the Issuer.

Appears in 2 contracts

Samples: Indenture (Florida Power & Light Co), Indenture (FPL Recovery Funding LLC)

Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered public accountants of recognized national reputation for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series Supplements. Upon any resignation by such firm firm, the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered public accountants that has resigned within fifteen days after such resignation, the Indenture Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten days thereafter thereafter, the Indenture Trustee shall promptly appoint a successor firm of Independent registered public accountants of recognized national reputation. The fees of such firm of Independent registered public accountants and its successor shall be payable by the Issuer.

Appears in 2 contracts

Samples: Indenture (JCP&L Transition Funding II LLC), Indenture (JCP&L Transition Funding II LLC)

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Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered certified public accountants of recognized national reputation for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series SupplementsSupplement. Upon any resignation by such firm firm, the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered certified public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered certified public accountants that has resigned within fifteen 15 days after such resignation, the Indenture Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten 10 days thereafter thereafter, the Indenture Trustee shall promptly appoint a successor firm of Independent registered certified public accountants of recognized national reputation. The fees of such firm of Independent registered certified public accountants and its successor shall be payable by the Issuer.

Appears in 1 contract

Samples: Indenture (CenterPoint Energy Restoration Bond Company, LLC)

Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered certified public accountants of recognized national reputation for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series Supplements. Upon any resignation by such firm firm, the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered certified public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered certified public accountants that has resigned within fifteen days after such resignation, the Indenture Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten days thereafter thereafter, the Indenture Trustee shall promptly appoint a successor firm of Independent registered certified public accountants of recognized national reputation. The fees of such firm of Independent registered certified public accountants and its successor shall be payable by the Issuer.

Appears in 1 contract

Samples: Indenture (Jcp&l Transition Funding LLC)

Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered certified public accountants of recognized national reputation for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series SupplementsIndenture. Upon any resignation by such firm firm, the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered certified public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered certified public accountants that has resigned within fifteen 15 days after such resignation, the Indenture Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten 10 days thereafter thereafter, the Indenture Trustee shall promptly appoint a successor firm of Independent registered certified public accountants of recognized national reputation. The fees of such each firm of Independent registered certified public accountants and its successor shall be payable by the Issuer.. ARTICLE IX

Appears in 1 contract

Samples: Indenture

Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered certified public accountants of recognized national reputation for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series Supplements. Upon any resignation by such firm firm, the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered certified public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered certified public accountants that has resigned within fifteen (15) days after such resignation, the Indenture Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten (10) days thereafter thereafter, the Indenture Trustee shall promptly appoint a successor firm of Independent registered certified public accountants of recognized national reputation. The fees of such firm of Independent registered certified public accountants and its successor shall be payable by the Issuer.. 55 61 ARTICLE IX

Appears in 1 contract

Samples: Indenture (Detroit Edison Securitization Funding LLC)

Reports by Independent Accountants. The Issuer shall appoint a firm of Independent registered certified public accountants of recognized national reputation for purposes of preparing and delivering the reports or certificates of such accountants required by this Indenture and the related Series Supplements. Upon any resignation by such firm firm, the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent registered certified public accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent registered certified public accountants that has resigned within fifteen 30 days after such resignation, the Indenture Trustee shall promptly notify the Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten (10) days thereafter thereafter, the Indenture Trustee shall promptly appoint a successor firm of Independent registered certified public accountants of recognized national reputation. The fees of such firm of Independent registered certified public accountants and its successor shall be payable by the Issuer.

Appears in 1 contract

Samples: Indenture (Consumers Funding LLC)

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