Common use of Selection of Auditors Clause in Contracts

Selection of Auditors. (i) Until the first E-House fiscal year end occurring after the Control Ending Date, Leju shall use its reasonable best efforts to select the independent registered public accounting firm used by E-House (“E-House’s Auditors” and, for the avoidance of doubt, should E-House at any time change the independent registered public accounting firm serving as its auditors, “E-House’s Auditors” shall thereafter mean the new firm serving as E-House’s auditors) to serve as its auditors (“Leju’s Auditors”) for purposes of providing an opinion on its consolidated financial statements; provided, however, that Leju’s Auditors may be different from E-House’s Auditors if necessary to comply with applicable laws regarding auditor independence and qualifications (provided, however, that Leju shall not take any actions, and shall use its reasonable best efforts to cause its directors, officers and employees not to take any actions, that could reasonably be expected to require Leju to engage auditors other than E-House’s Auditors). After the Live Filing Date, the foregoing shall not be construed so as to unlawfully limit any responsibility of the audit committee of Leju’s board of directors, pursuant to SEC Rule 10A-3(b)(2) and rules of the NASDAQ Global Market or the New York Stock Exchange, as applicable, to appoint, compensate, retain and oversee the work of the registered public accounting firm Leju engages.

Appears in 3 contracts

Samples: Master Transaction Agreement (E-House (China) Holdings LTD), Master Transaction Agreement (Leju Holdings LTD), Master Transaction Agreement (Leju Holdings LTD)

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Selection of Auditors. (i) Until the first E-House fiscal year end occurring after the Control Ending Date, Leju CRIC shall use its reasonable best efforts to select the independent registered public accounting firm used by E-House (“E-House’s Auditors” and, for the avoidance of doubt, should E-House at any time change the independent registered public accounting firm serving as its auditors, “E-House’s Auditors” shall thereafter mean the new firm serving as E-House’s auditors) to serve as its auditors (“LejuCRIC’s Auditors”) for purposes of providing an opinion on its consolidated financial statements; provided, however, that LejuCRIC’s Auditors may be different from E-House’s Auditors if necessary to comply with applicable laws regarding auditor independence and qualifications (provided, however, that Leju CRIC shall not take any actions, and shall use its reasonable best efforts to cause its directors, officers and employees not to take any actions, that could reasonably be expected to require Leju CRIC to engage auditors other than E-House’s Auditors). After the Live Filing Date, the foregoing shall not be construed so as to unlawfully limit any responsibility of the audit committee of LejuCRIC’s board of directors, pursuant to SEC Rule 10A-3(b)(2) and rules of the NASDAQ Global Market or the New York Stock Exchange, as applicable, to appoint, compensate, retain and oversee the work of the registered public accounting firm Leju CRIC engages.

Appears in 2 contracts

Samples: Master Transaction Agreement (China Real Estate Information Corp), Master Transaction Agreement (E-House (China) Holdings LTD)

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