Accountant’s Statement Sample Clauses
The Accountant's Statement clause requires a party, typically the licensee or recipient of funds, to provide a formal financial statement prepared or certified by an independent accountant. This statement usually details revenues, expenses, or other financial metrics relevant to the agreement, such as royalties owed or sales figures. By mandating an objective, third-party verification of financial data, the clause ensures transparency and accuracy in financial reporting, helping to prevent disputes and build trust between the parties.
Accountant’s Statement. Concurrently with the delivery of the financial statements referred to in Section 7.1(c), if ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ LLP or other independent certified public accountants of nationally recognized standing (the “Auditors”) shall have obtained from the regular audit of the business of the Company, knowledge of the existence of any Event of Default or Unmatured Event of Default, they shall disclose in a written statement the existence of the Event of Default or Unmatured Event of Default and the nature thereof, it being understood that such Auditors shall have no liability, directly or indirectly, to anyone for failure to obtain knowledge of any such Event of Default or Unmatured Event of Default (provided, no such statement shall be required in the event the Auditors no longer provide such opinions under applicable accounting or auditing standards);
Accountant’s Statement. Together with each delivery of audited financial statements pursuant to Section 6.01(a), a written statement by the independent public accountants giving the report thereon stating (i) whether, in connection with their audit examination, any condition or event which constitutes a Default or an Event of Default arising from a breach of Section 7.14 as they relate to accounting matters has come to their attention, and if such a condition or event has come to their attention, specifying the nature and period of existence thereof; provided, that such accountants will not be responsible for any failure to obtain knowledge of a Default or Event of Default that would not be disclosed in the course of their audit examination, and (ii) that based on their audit examination nothing has come to their attention which causes them to believe that the information contained in the certificates as they relate to accounting matters delivered therewith pursuant to Section 6.01(a), is not correct or that the matters set forth in the Compliance Certificates delivered therewith for the applicable Fiscal Year are not stated in accordance with the terms of this Agreement; and
Accountant’s Statement. Upon the dissolution and liquidation of the Partnership pursuant to this Section, the Accountants shall promptly prepare, and the Liquidator shall furnish to each Partner, a statement setting forth the assets and liabilities of the Partnership upon its dissolution. Promptly following the complete liquidation and distribution of the Partnership property and assets, the Accountants shall prepare, and the Liquidator shall furnish to each Partner, a statement showing the manner in which the Partnership assets were liquidated and distributed.
Accountant’s Statement. Together with each delivery of the ---------------------- financial statements referred to in Section 7.01(c), a written statement of the --------------- firm of independent certified public accountants referred to in such Section giving the report stating (i) that their audit examination has included a review of the terms hereof as it relates to accounting matters and (ii) whether, in connection with their audit examination, any condition or event which constitutes an Event of Default or Default with respect to any financial covenant contained in Article X has come to their attention, and if such --------- condition or event has come to their attention, specifying the nature and period of existence thereof. The statement referred to above shall be accompanied by a copy of the management letter or any similar report delivered to the Company or to any officer or employee thereof by such accountants in connection with such financial statements. The Administrative Agent and each Lender may communicate directly with such accountants.
Accountant’s Statement. Together with each delivery of the financial statements referred to in Section 7.01(c), a written statement of KPMG Peat Marwick or another firm of independent certified public accountants of recognized national standing acceptable to the CoAgents giving the report stating (i) that their audit examination has included a review of the terms hereof as it relates to accounting matters and (ii) whether, in connection with their audit examination, any condition or event which constitutes an Event of Default or Default has come to their attention, and if such condition or event has come to their attention, specifying the nature and period of existence thereof. The statement referred to above shall be accompanied by a copy of the management letter or any similar report delivered to the Company or to any officer or employee thereof by such accountants in connection with such financial statements. Upon prior notice to the Company and, at the Company's option, in the Company's presence, the Company shall authorize Administrative Agent, each CoAgent and each Lender to communicate directly with such accountants.
Accountant’s Statement. Together with each delivery of the financial statements referred to in Section 7.01(c), a written statement of a firm of independent certified public accountants of recognized national standing reasonably acceptable to the Administrative Agent, giving the report stating (i) that their audit examination has included a review of the terms hereof as it relates to accounting matters and (ii) whether, in connection with their audit examination, any Event of Default or Default has come to their attention, and if such Event of Default or Default has come to their attention, specifying the nature and period of existence thereof.
Accountant’s Statement. Together with each delivery of audited financial statements of Holdings pursuant to SUBSECTION 7.1(B), a written statement by the independent public accountants giving the report thereon (i) stating that their audit examination has included a review of the terms of this Agreement and the Notes as they relate to accounting matters, (ii) stating whether, in connection with their audit examination, any condition or event which constitutes a Default or an Event of Default as it relates to accounting matters has come to their attention, and if such a condition or event has come to their attention, specifying the nature and period of existence thereof; provided that such accountants shall not be liable by reason of any failure to obtain knowledge of any such Default or Event of Default that would not be disclosed in the course of their audit examination, and (iii) stating that based on their audit examination nothing has come to their attention which causes them to believe either or both that the information contained in the certificates as they relate to accounting matters delivered therewith pursuant to SUBSECTION 7.1(b) is not correct or that the matters set forth in the Compliance Certificates delivered therewith for the applicable Fiscal Year are not stated in accordance with the terms of this Agreement;
Accountant’s Statement. Each of the Partners shall be furnished with a statement prepared by the Partnership's independent certified public accountants which shall set forth the assets and liabilities of the Partnership as at the date of complete liquidation. When the Managing General Partners have complied with the foregoing distribution plan (including payment over to the escrow agent), the Limited Partners shall cease to be such, and the Managing General Partners shall execute, acknowledge, and cause to be filed a Certificate of Cancellation of the Partnership.
Accountant’s Statement. Together with each delivery of the Financial Statements referred to in Section 5.3(a), a written statement of Ernst & Young or another firm of independent certified public accountants of recognized national standing acceptable to the Agent giving the report stating (i) that their audit examination has included a review of the terms hereof as it relates to accounting matters, including a review of Borrower's calculations relating to its compliance with Sections 6.8, 6.9, 6.14, and 6.19 through 6.24, and (ii) whether, in connection with their audit examination, any condition or event which constitutes an Event of Default or Default has come to their attention, and if such condition or event has come to their attention, specifying the nature and period of existence thereof. The statement referred to above shall be accompanied by a copy of the management letter or any similar report delivered to Borrower or to any officer or employee thereof by such accountants in connection with such Financial Statements (or, if such management letter or similar report is not delivered to Borrower or any such officer or employee simultaneously with the issuance of such Financial Statements, then Borrower shall cause such letter or report to be delivered to the Agent and the Lenders promptly after the receipt thereof by Borrower or such officer or employee). On prior notice to Borrower, Borrower shall authorize the Agent and each Lender to communicate directly with such accountants.
Accountant’s Statement together with the delivery of the financial statements referenced in clause (i) of Subsection 7.1(a) and so long as not contrary to the then current recommendation of the American Institute of Certified Public Accountants, a written statement by the Company's independent certified pubic accountants stating whether or not, in connection with their audit, which audit was not directed primarily toward obtaining knowledge of noncompliance of the specified sections referred to below, information came to their attention that caused them to believe that the Company failed to comply with the terms, covenants, provisions or conditions of the specified sections of this agreement, insofar as they relate to financial and accounting matters, which would constitute a Default if not waived by the holders of the Notes; PROVIDED, HOWEVER, that the independent certified public accountants delivering such statement shall not be liable in respect of such statement by reason of any failure to obtain knowledge of any such Default or Event of Default that would not be disclosed in the course of an audit conducted in accordance with generally accepted audit standards; and