ICPA Sample Clauses
The ICPA, or Independent Certified Public Accountant clause, designates a neutral third-party accountant to review, audit, or verify financial records or statements relevant to the agreement. Typically, this clause outlines the scope of the accountant’s authority, the procedures for selecting the accountant, and how their findings will be used or deemed binding by the parties. Its core practical function is to ensure impartial and expert financial oversight, thereby resolving disputes or uncertainties regarding financial matters in a fair and objective manner.
ICPA. The ICPA shall have been executed and delivered by AES and the other parties to the ICPA. The ICPA shall be valid, enforceable in accordance with its terms, and in full force and effect, and no party thereto, including AES, shall be in default thereunder. There shall have been no amendments or modifications to the ICPA since the ICPA was modified by that certain Modification No. 15 thereto dated as of April 30, 2004 and amended and restated by the New ICPA, except for any such amendments or modifications that do not affect in any manner the rights or obligations of the parties under the New ICPA. AES shall have entered into the ICPA Assignment Agreement, effective as of the Effective Time.
ICPA. At the Effective Time, the ICPA will be valid, enforceable in accordance with its terms and in full force and effect, and neither AES, nor, to the Best Knowledge of Allegheny, any other party to the ICPA, shall be in default thereunder.
ICPA. Use its commercially reasonable efforts to obtain the consent of any third parties, including the other parties to the ICPA, to the assignment and transfer of the ICPA to Purchaser, keep Purchaser informed of any material developments affecting or arising out of the ICPA, provide Purchaser with the opportunity to review and comment on drafts of any amendments or modifications to the ICPA, and not enter into any amendments or modifications to the ICPA unless the terms and conditions thereof do not affect in any manner the rights or obligations of the parties under the New ICPA.
ICPA. AES is a party to the ICPA. Neither AES, nor, to the Best Knowledge of Allegheny, any other party to the ICPA, is in default thereunder. The ICPA is valid, enforceable in accordance with its terms, and in full force and effect. Allegheny has provided to Purchaser a copy of the ICPA as currently in effect. The ICPA has not been amended or modified since it was modified by that certain Modification No. 15 thereto dated as of April 30, 2004 and amended and restated by the New ICPA.