Common use of Auditor's Statement Clause in Contracts

Auditor's Statement. So long as not contrary to the then current recommendations of the American Institute of Certified Public Accountants, the year-end financial statements delivered pursuant to Section 5.3 shall be accompanied by a written statement of the Borrower's and Starwood REIT's independent public accountants (who shall be a firm of established national reputation) that in making the examination necessary for certification of such financial statements, nothing has come to their attention that would lead them to believe that any Loan Party is in violation of any provisions of Article V or Article VI or, if any such violation exists, specifying the nature and period of existence thereof, it being understood that such accountants shall not be liable directly or indirectly to any Person for any failure to obtain knowledge of any such violation.