Common use of Statutory Accounts Clause in Contracts

Statutory Accounts. PML as Administrator shall prepare, on behalf of the Issuer, a profit and loss account, balance sheet and directors' report and any other reports or information required by English law to be attached thereto or incorporated therein for the Issuer in respect of each accounting reference period of the Issuer and shall cause such accounts to be audited by auditors approved by the Issuer and shall procure so far as it is able so to do that the auditors of the Issuer shall make a report thereon as required by relevant law and copies of all such documents shall be delivered to the Issuer as soon as practicable after the end of each accounting reference period of the Issuer. The auditors to the Issuer shall also confirm to the Issuer that the statutory accounts of the Issuer prepared pursuant to this Clause 12 have been audited in accordance with generally accepted auditing practices of the United Kingdom. For these purposes the auditors are KPMG LLP as approved by the Issuer for the first accounting reference period, or any other firm of auditors approved by the Issuer from time to time.

Statutory Accounts. PML as Administrator shall prepare, on behalf of the Issuer, a profit and loss account, balance sheet and directors' report and any other reports or information required by English law to be attached thereto or incorporated therein for the Issuer in respect of each accounting reference period of the Issuer and shall cause such accounts to be audited by auditors approved by the Issuer and shall procure so far as it is able so to do that the auditors of the Issuer shall make a report thereon as required by relevant law and copies of all such documents shall be delivered to the Issuer as soon as practicable after the end of each accounting reference period of the Issuer. The auditors to the Issuer shall also confirm to the Issuer that the statutory accounts of the Issuer prepared pursuant to this Clause 12 13 have been audited in accordance with generally accepted auditing practices of the United Kingdom. For these purposes the auditors are KPMG LLP as approved by the Issuer for the first accounting reference period, or any other firm of auditors approved by the Issuer from time to time.

Statutory Accounts. PML as Administrator shall prepare, on behalf of the Issuer, a profit and loss account, balance sheet and directors' report and any other reports or information required by English law to be attached thereto or incorporated therein for the Issuer in respect of each accounting reference period of the Issuer and shall cause such accounts to be audited by auditors approved by the Issuer and shall procure so far as it is able so to do that the auditors of the Issuer shall make a report thereon as required by relevant law and copies of all such documents shall be delivered to the Issuer as soon as practicable after the end of each accounting reference period of the Issuer. The auditors to the Issuer shall also confirm to the Issuer that the statutory accounts of the Issuer prepared pursuant to this Clause 12 13 have been audited in accordance with generally accepted auditing practices of the United Kingdom. For these purposes the auditors are KPMG LLP as approved by the Issuer for the first accounting reference period, or any other firm of auditors approved by the Issuer from time to time.