Common use of Reports by Independent Accountants Clause in Contracts

Reports by Independent Accountants. (a) At the Closing Date the Issuer shall appoint the firm of Independent Accountants to prepare and deliver the certificate or opinion required to be delivered under Section 2.12(e), and prior to the time any report or certificate pursuant to Section 8.06(b) is required to be delivered, the Issuer will appoint a firm of Independent Accountants as its Independent Accountants for purposes of preparing and delivering the reports or certificates required by Section 8.06(b). Upon any resignation by such firm the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent Accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent Accountants which has resigned within fifteen days after such resignation, the Issuer shall promptly notify the Trustee of such failure in writing. If the Issuer shall not have appointed a successor within ten days thereafter, the Trustee shall promptly appoint a successor firm of Independent Accountants of recognized national reputation. The fees of such successor shall be payable by the Issuer, and any fees not so paid by the Issuer may be paid by the Trustee on behalf of the Issuer, from amounts otherwise payable to the Issuer from the related Collection Account pursuant to Section 8.02(d).

Appears in 1 contract

Samples: Mid State Trust Vi

AutoNDA by SimpleDocs

Reports by Independent Accountants. (a) At the Closing Date for a Series the Issuer shall appoint the firm of Independent Accountants to prepare and deliver the certificate or opinion required to be delivered under Section 2.12(e), and prior to the time any report or certificate pursuant to Section 8.06(b) is required to be delivered, the Issuer will appoint a firm of Independent Accountants as its Independent Accountants for purposes of preparing and delivering the reports or certificates with respect to such Series required by this Section 8.06(b)8.9. Upon any resignation by such firm the Issuer shall promptly notify the Trustee and appoint a successor thereto that shall also be a firm of Independent Accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent Accountants which has resigned within fifteen days on or before the fifteenth day after such resignation, the Issuer Trustee shall promptly notify the Trustee Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten days thereafter, thereafter the Trustee shall promptly appoint a successor firm of Independent Accountants of recognized national reputation. The fees of such successor shall be payable by the Issuer, and any fees not so paid by the Issuer may be paid by the Trustee on behalf of the Issuer, from amounts otherwise payable to the Issuer from the related Collection Account pursuant to Section 8.02(d8.2(d).

Appears in 1 contract

Samples: Capstead Securities Corporation Iv

Reports by Independent Accountants. (a) At the Closing Date for a Series the Issuer shall appoint the firm of Independent Accountants to prepare and deliver the certificate or opinion required to be delivered under Section 2.12(e), and prior to the time any report or certificate pursuant to Section 8.06(b) is required to be delivered, the Issuer will appoint a firm of Independent Accountants of recognized national reputation as its Independent Accountants for purposes of preparing and delivering rendering the reports or certificates with respect to such Series required by this Section 8.06(b)8.09. Upon any resignation by such firm of Independent Accountants, the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent Accountants of recognized national reputationreputation and shall notify the Trustee of such appointment. If the Issuer shall fail to appoint a any successor to a firm of Independent Accountants which has resigned within fifteen days after such resignation, the Issuer Trustee shall promptly notify the Trustee Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten days thereafter, thereafter the Trustee shall promptly appoint a successor firm of Independent Accountants of recognized national reputation. The fees of such successor shall be payable by the Issuer, Issuer and any fees not so paid by the Issuer may be paid by the Trustee Trustee, on behalf of the Issuer, from amounts otherwise payable to the Issuer from the related Collection Account pursuant to Section 8.02(d).

Appears in 1 contract

Samples: Letter Agreement (Fund America Investors Corp Ii)

Reports by Independent Accountants. (a) At the Closing Date the Issuer shall appoint the firm of Independent Accountants to prepare and deliver the certificate or opinion required to be delivered under Section 2.12(e2.12(f), and prior to the time any report or certificate pursuant to Section 8.06(b8.07(b) is required to be delivered, the Issuer will appoint a firm of Independent Accountants as its Independent Accountants for purposes of preparing and delivering the reports or certificates required by Section 8.06(b8.07(b). Upon any resignation by such firm the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent Accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent Accountants which has resigned within fifteen days after such resignation, the Issuer shall promptly notify the Indenture Trustee 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 Accountants of recognized national reputation. The fees of such successor shall be payable by the Issuer, and any fees not so paid by the Issuer may be paid by the Indenture Trustee on behalf of the Issuer, from amounts otherwise payable to the Issuer from the related Collection Account pursuant to Section 8.02(d).

Appears in 1 contract

Samples: Mid State Homes Trust Xi

Reports by Independent Accountants. (a) At the Closing Date the Issuer shall appoint the firm of Independent Accountants to prepare and deliver the certificate or opinion required to be delivered under Section 2.12(e2.12(f), and prior to the time any report or certificate pursuant to Section 8.06(b) is required to be delivered, the Issuer will appoint a firm of Independent Accountants as its Independent Accountants for purposes of preparing and delivering the reports or certificates required by Section 8.06(b). Upon any resignation by such firm the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent Accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent Accountants which has resigned within fifteen days after such resignation, the Issuer shall promptly notify the Trustee of such failure in writing. If the Issuer shall not have appointed a successor within ten days thereafter, the Trustee shall promptly appoint a successor firm of Independent Accountants of recognized national reputation. The fees of such successor shall be payable by the Issuer, and any fees not so paid by the Issuer may be paid by the Trustee on behalf of the Issuer, from amounts otherwise payable to the Issuer from the related Collection Account pursuant to Section 8.02(d).

Appears in 1 contract

Samples: Mid-State Homes Inc

Reports by Independent Accountants. (a) At the Closing Date for a Series the Issuer shall appoint the firm of Independent Accountants to prepare which prepares and deliver delivers the certificate or opinion required to be delivered under Section 2.12(e), and prior to the time any report or certificate pursuant to Section 8.06(b) is required to be delivered, the Issuer will appoint a firm of Independent Accountants as its Independent Accountants for purposes of preparing and delivering the reports or certificates with respect to such Series required by this Section 8.06(b)8.9. Upon any resignation by such firm the Issuer shall promptly notify the Trustee and appoint a successor thereto that shall also be a firm of Independent Accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent Accountants which has resigned within fifteen days on or before the fifteenth day after such resignation, the Issuer Trustee shall promptly notify the Trustee Issuer of such failure in writing. If the Issuer shall not have appointed a successor within ten days thereafter, thereafter the Trustee shall promptly appoint a successor firm of Independent Accountants of recognized national reputation. The fees of such successor shall be payable by the Issuer, and any fees not so paid by the Issuer may be paid by the Trustee on behalf of the Issuer, from amounts otherwise payable to the Issuer from the related Collection Account pursuant to Section 8.02(d8.2(d).

Appears in 1 contract

Samples: CMC Securities Corp Iv

Reports by Independent Accountants. (a) At the Closing Date the Issuer shall appoint the firm of Independent Accountants to prepare and deliver the certificate or opinion required to be delivered under Section 2.12(e), and prior to the time any report or certificate pursuant to Section 8.06(b8.07(b) is required to be delivered, the Issuer will appoint a firm of Independent Accountants as its Independent Accountants for purposes of preparing and delivering the reports or certificates required by Section 8.06(b8.07(b). Upon any resignation by such firm the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent Accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent Accountants which has resigned within fifteen days after such resignation, the Issuer shall promptly notify the Trustee of such failure in writing. If the Issuer shall not have appointed a successor within ten days thereafter, the Trustee shall promptly appoint a successor firm of Independent Accountants of recognized national reputation. The fees of such successor shall be payable by the Issuer, and any fees not so paid by the Issuer may be paid by the Trustee on behalf of the Issuer, from amounts otherwise payable to the Issuer from the related Collection Account pursuant to Section 8.02(d8.02(e).

Appears in 1 contract

Samples: Mid State Trust Vi

AutoNDA by SimpleDocs

Reports by Independent Accountants. (a) At The Issuer shall, prior to the Closing Date the Issuer shall first Payment Date, appoint the a nationally recognized firm of Independent Accountants certified public accountants to prepare and deliver the certificate or opinion required to be delivered under Section 2.12(e), and prior to the time any report or certificate pursuant to Section 8.06(b) is required to be delivered, the Issuer will appoint a firm of Independent Accountants as its Independent Accountants for purposes of preparing and delivering the reports or certificates of such accountants required by Section 8.06(bthis Indenture (the “Independent Accountants”). Upon any resignation by If such firm shall cease to serve (whether by reason of resignation, termination or otherwise), the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent Accountants certified public accountants of recognized national reputation. If reputation in the Issuer shall fail to appoint a successor to a firm of Independent Accountants which has resigned within fifteen days after such resignation, the Issuer shall promptly notify the Trustee of such failure in writingUnited States. If the Issuer shall not have appointed a successor within ten 30 days thereafter, the Trustee shall promptly appoint a successor firm of Independent Accountants certified public accountants of recognized national reputationreputation in the United States. The fees of such firm of Independent certified public accountants and its successor shall be payable by the Issuer, and any fees not so paid by the Issuer may shall be paid by the Trustee on behalf of the Issuer, from amounts otherwise payable if and to the Issuer from extent of Available Funds therefor in the related Collection Account pursuant to and subject to the terms of Section 8.02(d)11.01. Nothing herein shall be construed to obligate the Trustee to advance its own funds to pay any such accountant’s fees, provided that, should it elect to do so, it shall be entitled to reimbursement therefor pursuant to Section 6.07.

Appears in 1 contract

Samples: Warehouse Conveyance Agreement (MCG Capital Corp)

Reports by Independent Accountants. (a) At the Closing Date the Issuer shall appoint the firm of Independent Accountants to prepare and deliver the certificate or opinion required to be delivered under Section 2.12(e2.12(f), and prior to the time any report or certificate pursuant to Section 8.06(b8.07(b) is required to be delivered, the Issuer will appoint a firm of Independent Accountants as its Independent Accountants for purposes of preparing and delivering the reports or certificates required by Section 8.06(b8.07(b). Upon any resignation by such firm the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent Accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent Accountants which has resigned within fifteen days after such resignation, the Issuer shall promptly notify the Trustee of such failure in writing. If the Issuer shall not have appointed a successor within ten days thereafter, the Trustee shall promptly appoint a successor firm of Independent Accountants of recognized national reputation. The fees of such successor shall be payable by the Issuer, and any fees not so paid by the Issuer may be paid by the Trustee on behalf of the Issuer, from amounts otherwise payable to the Issuer from the related Collection Account pursuant to Section 8.02(d8.02(e).

Appears in 1 contract

Samples: Nations Asset Securities Inc

Reports by Independent Accountants. (a) At the Closing Date the Issuer shall appoint the firm of Independent Accountants to prepare and deliver the certificate or opinion required to be delivered under Section 2.12(e), and prior to the time any report or certificate pursuant to Section 8.06(b) is required to be delivered, the Issuer will appoint a firm of Independent Accountants as its Independent Accountants for purposes of preparing and delivering the reports or certificates required by Section 8.06(b). Upon any resignation by such firm the Issuer shall promptly appoint a successor thereto that shall also be a firm of Independent Accountants of recognized national reputation. If the Issuer shall fail to appoint a successor to a firm of Independent Accountants which has resigned within fifteen days after such resignation, the Issuer shall promptly notify the Trustee of such failure in writing. If the Issuer shall not have appointed a successor within ten days thereafter, the Trustee shall promptly appoint a successor firm of Independent Accountants of recognized national reputation. The fees of such successor shall be payable by the Issuer, and any fees not so paid by the Issuer may be paid by the Trustee on behalf of the Issuer, from amounts otherwise payable to the Issuer from the related Collection Account pursuant to Section 8.02(d8.02(e).

Appears in 1 contract

Samples: Mid State Trust Vi

Time is Money Join Law Insider Premium to draft better contracts faster.