Common use of Accountant’s Statement Clause in Contracts

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 KPMG Peat Marwick or another firm of independent certified public accountants of recognized national standing acceptable to the CoAgents Co-Agents 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 Co-Agent and each Lender to communicate directly with such accountants.