Common use of Agreed Procedures Clause in Contracts

Agreed Procedures. On or before 15 months from the execution date of this Agreement and annually thereafter, the Administrative Agent or a firm of nationally recognized independent certified public accountants (who may render other services to the Collection Agent or the Seller) shall, on an alternating annual basis, furnish a report (which report shall cover, initially, the period from the date of this Agreement to June 30, 2000, and thereafter the 12-month period ending on June 30 of each subsequent year) to each Purchaser to the effect that they have applied the procedures described in Schedule VIII and examined certain documents and records relating to the servicing of the Pool Receivables under this Agreement and that, based upon such procedures, nothing has come to the attention of the Administrative Agent or such accountants, as the case may be, that caused them to believe that the servicing (including, without limitation, the allocation of the Collections) has not been conducted in compliance with the terms of this agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such statement, and in addition, each report shall set forth the procedures performed. Any reasonable costs incurred by the Administrative Agent or such accountants in connection with the preparation and furnishing of such report shall be paid by the Seller promptly upon receipt by the Seller of an invoice therefor.

Agreed Procedures. On or before 15 12 months from the execution date ----------------- of this Agreement and annually thereafter, the Administrative Agent or a firm of nationally recognized independent certified public accountants (who may render other services to the Collection Agent or the Seller) shall, on an alternating annual basis, shall furnish a report (which report shall cover, initially, the period from the date of this Agreement to June 30, 20002002, and thereafter the 12-month period ending on June 30 of each subsequent year) to each Purchaser to the effect that they have applied such procedures as the procedures described in Schedule VIII Purchasers may reasonably request and examined certain documents and records relating to the servicing of the Pool Receivables under this Agreement and that, based upon such procedures, nothing has come to the attention of the Administrative Agent or such accountants, as the case may be, accountants that caused them to believe that the servicing (including, without limitation, the allocation of the Collections) has not been conducted in compliance with the terms of this agreement, except for such exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such statement, and in addition, each report shall set forth the procedures performed. Any reasonable costs incurred by the Administrative Agent or such accountants in connection with the preparation and furnishing of such report shall be paid by the Seller promptly upon receipt by the Seller of an invoice therefor.