Common use of Special Accountant Clause in Contracts

Special Accountant. In the event that, in the opinion of the Lender, circumstances have arisen which gives reasonable cause for concern over the financial condition of the Borrower, the Borrower will, notwithstanding that an Event of Default or a potential Event of Default has not occurred, forthwith upon the Lender's request appoint a Special Accountant nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant make such appointment on the Borrower's behalf. The Special Accountant so appointed shall be the agent of the Borrower and the Borrower shall be solely responsible for his acts, defaults and remuneration; The Special Accountant shall have the following functions :- (a) to carry out an audit of the accounts of the Borrower and report the outcome of such audit to the Lender; (b) to verify and submit to the Lender a list of the Borrower's accounts receivable; (c) to verify and submit to the Lender a list of the Borrower's creditors; and (d) to render such advisory services with respect to the financial affairs of the Borrower as the Lender may specify in its request to the Borrower to appoint the Special Accountant.;

Special Accountant. In the event that, in the opinion of the Lender, circumstances have arisen which gives reasonable cause for concern over the financial condition of the Borrower, the Borrower will, notwithstanding that an Event of Default or a potential Event of Default has not occurred, forthwith upon the Lender's request appoint a Special Accountant nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant make such appointment on the Borrower's behalf. The Special Accountant so appointed shall be the agent of the Borrower and the Borrower shall be solely responsible for his acts, defaults and remuneration; The Special Accountant shall have the following functions :- (a) to carry out an audit of the accounts of the Borrower and report the outcome of such audit to the Lender; (b) to verify and submit to the Lender a list of the Borrower's accounts receivable; (c) to verify and submit to the Lender a list of the Borrower's creditors; and (d) to render such advisory services with respect to the financial affairs of the Borrower as the Lender may specify in its request to the Borrower to appoint the Special Accountant.;

Special Accountant. In the event that, in the opinion of the Lender, circumstances have arisen which gives reasonable cause for concern over the financial condition of the Borrower, the Borrower will, notwithstanding that an Event of Default or a potential Event of Default has not occurred, forthwith upon the Lender's request appoint a Special Accountant nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant make such appointment on the Borrower's behalf. The Special Accountant so appointed shall be the agent of the Borrower and the Borrower shall be solely responsible for his acts, defaults and remuneration; The Special Accountant shall have the following functions :-functions:- (a) to carry out an audit of the accounts of the Borrower and report the outcome of such audit to the Lender; (b) to verify and submit to the Lender a list of the Borrower's accounts receivable; (c) to verify and submit to the Lender a list of the Borrower's creditors; and (d) to render such advisory services with respect to the financial affairs of the Borrower as the Lender may specify in its request to the Borrower to appoint the Special Accountant.;

Special Accountant. In the event that, in the opinion of the Lender, circumstances have arisen which gives reasonable cause for concern over the financial condition of the Borrower, the Borrower will, notwithstanding that an Event of Default or a potential Potential Event of Default has not occurred, forthwith upon the Lender's request appoint a special accountant (“Special Accountant Accountant”) nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant make such appointment on the Borrower's behalf. The Special Accountant so appointed shall be the agent of the Borrower and the Borrower shall be solely responsible for his acts, defaults and remuneration; The Special Accountant shall have the following functions :- (a) to carry out an audit of the accounts of the Borrower and report the outcome of such audit to the Lender; (b) to verify and submit to the Lender a list of the Borrower's accounts receivable; (c) to verify and submit to the Lender a list of the Borrower's creditors; and (d) to render such advisory services with respect to the financial affairs of the Borrower as the Lender may specify in its request to the Borrower to appoint the Special Accountant.;

Special Accountant. In in the event that, in the opinion of the Lender, circumstances have arisen which gives give reasonable cause for concern over the financial condition of the Borrower, the Borrower will, notwithstanding that an Event of Default or a potential Potential Event of Default has not occurred, forthwith upon the Lender's ’s request appoint a Special Accountant special accountant nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant special accountant make such appointment on the Borrower's ’s behalf. The Special Accountant special accountant so appointed shall be the agent of the Borrower and the Borrower shall be solely responsible for his acts, defaults and remuneration; . The Special Accountant special accountant shall have the following functions :-functions:- (a) to carry out an audit of the accounts of the Borrower and report the outcome of such audit to the Lender; (b) to verify and submit to the Lender a list of the Borrower's accounts receivable’s account receivables; (c) to verify and submit to the Lender a list of the Borrower's ’s creditors; and (d) to render such advisory or other services with respect to the financial affairs of the Borrower as the Lender may specify in its request to the Borrower to appoint the Special Accountant.special account;

Special Accountant. In the event that, in the opinion of the LenderBank, circumstances have arisen which gives give reasonable cause for concern over the financial condition of the Borrower and/or the Borrower’s ability to repay any part of the Facilities, the Borrower will, notwithstanding that an Event of Default or a potential Event of Default has not occurred, forthwith upon the Lender's Bank’s request appoint a Special Accountant nominated by the LenderBank. The Lender Bank may at its absolute discretion immediately after such request to appoint a Special Accountant make such appointment on the Borrower's ’s behalf. The Special Accountant so appointed shall be the agent of the Borrower and the Borrower shall be solely responsible for his acts, defaults and remuneration; . The Special Accountant shall have the following functions :-functions:- (a) 34.1 to carry out an audit of the accounts of the Borrower and report the outcome of such audit to the LenderBank; (b) 34.2 to verify and submit to the Lender Bank a list of the Borrower's ’s accounts receivablereceivables; (c) 34.3 to verify and submit to the Lender Bank a list of the Borrower's ’s creditors; and (d) 34.4 to render such advisory services with respect to the financial affairs of the Borrower and to carry out such other functions as the Lender Bank may specify in its request to the Borrower to appoint the Special Accountant.;

Special Accountant. In in the event that, in the opinion of the Lender, circumstances have arisen which gives give reasonable cause for concern over the financial condition of the Borrowerany Obligor, the Borrower willit will or procure an Obligor to, notwithstanding that an Event of Default or a potential Potential Event of Default has not occurred, forthwith upon the Lender's ’s request appoint a Special Accountant special accountant nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant special accountant make such appointment on the Borrower's such Xxxxxxx’s behalf. The Special Accountant special accountant so appointed shall be the agent of the Borrower such Obligor and the Borrower such Obligor shall be solely responsible for his acts, defaults and remuneration; . The Special Accountant special accountant shall have the following functions :-functions:- (a) to carry out an audit of the accounts of the Borrower such Obligor and report the outcome of such audit to the Lender; (b) to verify and submit to the Lender a list of the Borrower's accounts receivablesuch Xxxxxxx’s account receivables; (c) to verify and submit to the Lender a list of the Borrower's such Xxxxxxx’s creditors; and (d) to render such advisory or other services with respect to the financial affairs of the Borrower such Obligor as the Lender may specify in its request to the Borrower such Obligor to appoint the Special Accountant.special account;

Special Accountant. In the event that, in the opinion of the LenderBank , circumstances have arisen which gives give reasonable cause for concern over the financial condition of the Borrower and/or the Borrower’s ability to repay any part of the Facilities , the Borrower will, notwithstanding that an Event of Default or a potential Event of Default has not occurred, forthwith upon the Lender's Bank’s request appoint a Special Accountant nominated by the LenderBank. The Lender Bank may at its absolute discretion immediately after such request to appoint a Special Accountant make such appointment on the Borrower's ’s behalf. The Special Accountant so appointed shall be the agent of the Borrower and the Borrower shall be solely responsible for his acts, defaults and remuneration; remuneration . The Special Accountant shall have the following functions :- (a) 34.1 to carry out an audit of the accounts of the Borrower and report the outcome of such audit to the LenderBank; (b) 34.2 to verify and submit to the Lender Bank a list of the Borrower's ’s accounts receivablereceivables; (c) 34.3 to verify and submit to the Lender Bank a list of the Borrower's ’s creditors; and (d) 34.4 to render such advisory services with respect to the financial affairs of the Borrower and to carry out such other functions as the Lender Bank may specify in its request to the Borrower to appoint the Special Accountant.;