Common use of Statutory Accounts Clause in Contracts

Statutory Accounts. 18.2 The Administrator shall (i) prepare a profit and loss account, balance sheet and directors' report and any other reports or information required by law to be attached thereto or incorporated therein for the CBC in respect of each accounting reference period of the CBC and (ii) shall cause such accounts to be audited by independent auditors approved by the Security Trustee and (iii) shall procure so far as it is able to do so that such auditors of the CBC shall make a report thereon as required by law and copies of all such documents shall be delivered to the Security Trustee as soon as practicable after the end of each financial year of the CBC. For these purposes the Security Trustee approves PricewaterhouseCoopers Accountants N.V. as the independent auditor of the CBC and such auditor may be replaced by the CBC subject to the prior written approval of the Security Trustee.

Appears in 2 contracts

Samples: Administration Agreement, Administration Agreement

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Statutory Accounts. 18.2 The Administrator shall (i) prepare a profit and loss account, balance sheet and directors' report and any other reports or information required by law to be attached thereto or incorporated therein for the CBC in respect of each accounting reference period of the CBC and (ii) shall cause such accounts to be audited by independent auditors approved by the Security Trustee and (iii) shall procure so far as it is able to do so that such auditors of the CBC shall make a report thereon as required by law and copies of all such documents shall be delivered to the Security Trustee as soon as practicable after the end of each financial year of the CBC. For these purposes the Security Trustee approves PricewaterhouseCoopers Ernst & Young Accountants N.V. LLP as the independent auditor of the CBC and such auditor may be replaced by the CBC subject to the prior written approval of the Security Trustee.

Appears in 2 contracts

Samples: Administration Agreement, Administration Agreement

Statutory Accounts. 18.2 17.2 The Administrator shall (i) prepare a profit and loss account, balance sheet and directors' report and any other reports or information required by law to be attached thereto or incorporated therein for the CBC in respect of each accounting reference period of the CBC and (ii) shall cause such accounts to be audited by independent auditors approved by the Security Trustee and (iii) shall procure so far as it is able to do so that such auditors of the CBC shall make a report thereon as required by law and copies of all such documents shall shall, at its request, be delivered to the Security Trustee as soon as practicable after the end of each financial year of the CBC. For these purposes the Security Trustee approves PricewaterhouseCoopers PriceWaterhouseCoopers Accountants N.V. as the independent auditor of the CBC and such auditor may be replaced by the CBC subject to the prior written approval of the Security Trustee.

Appears in 1 contract

Samples: Administration Agreement

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Statutory Accounts. 18.2 The Administrator shall (i) prepare a profit and loss account, balance sheet and directors' report and any other reports or information required by law to be attached thereto or incorporated therein for the CBC in respect of each accounting reference period of the CBC and (ii) shall cause such accounts to be audited by independent auditors approved by the Security Trustee and (iii) shall procure so far as it is able to do so that such auditors of the CBC shall make a report thereon as required by law and copies of all such documents shall be delivered to the Security Trustee and the Rating Agencies as soon as practicable after the end of each financial year of the CBC. For these purposes the Security Trustee approves PricewaterhouseCoopers Accountants N.V. as the independent auditor of the CBC and such auditor may be replaced by the CBC subject to the prior written approval of the Security TrusteeCBC.

Appears in 1 contract

Samples: Administration Agreement

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