Common use of Special Accountant Clause in Contracts

Special Accountant. In the event that, in the opinion of the Lender, circumstances have arisen which gives reasonable cause for concern over the financial condition of the Borrower, the Borrower will, notwithstanding that an Event of Default or a potential Event of Default has not occurred, forthwith upon the Lender's request appoint a Special Accountant nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant make such appointment on the Borrower's behalf. The Special Accountant so appointed shall be the agent of the Borrower and the Borrower shall be solely responsible for his acts, defaults and remuneration; The Special Accountant shall have the following functions :-

Special Accountant. In the event that, in the opinion of the Lender, circumstances have arisen which gives reasonable cause for concern over the financial condition of the Mortgagor and the Borrower, the Mortgagor and the Borrower will, notwithstanding that an Event of Default or a potential Event of Default has not occurred, forthwith upon the Lender's request appoint a Special Accountant nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant make such appointment on the behalf of the Mortgagor and/or the Borrower's behalf. The Special Accountant so appointed shall be the agent of the Mortgagor and/or the Borrower and the Mortgagor and/or the Borrower shall be solely responsible for his acts, defaults and remuneration; The Special Accountant shall have the following functions :-

Special Accountant. In the event that, in the opinion of the Lender, circumstances have arisen which gives reasonable cause for concern over the financial condition of the Borrower, the Borrower will, notwithstanding that an Event of Default or a potential Event of Default has not occurred, forthwith upon the Lender's request appoint a Special Accountant nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant make such appointment on the Borrower's behalf. The Special Accountant so appointed shall be the agent of the Borrower and the Borrower shall be solely responsible for his acts, defaults and remuneration; The Special Accountant shall have the following functions :-functions:-

Special Accountant. In the event that, in the opinion of the LenderBank, circumstances have arisen which gives give reasonable cause for concern over the financial condition of the Borrower and/or the Borrower’s ability to repay any part of the Facilities, the Borrower will, notwithstanding that an Event of Default or a potential Event of Default has not occurred, forthwith upon the Lender's Bank’s request appoint a Special Accountant nominated by the LenderBank. The Lender Bank may at its absolute discretion immediately after such request to appoint a Special Accountant make such appointment on the Borrower's ’s behalf. The Special Accountant so appointed shall be the agent of the Borrower and the Borrower shall be solely responsible for his acts, defaults and remuneration; . The Special Accountant shall have the following functions :-functions:-

Special Accountant. In in the event that, in the opinion of the Lender, circumstances have arisen which gives give reasonable cause for concern over the financial condition of the Borrowerany Obligor, the Borrower willit will or procure an Obligor to, notwithstanding that an Event of Default or a potential Potential Event of Default has not occurred, forthwith upon the Lender's ’s request appoint a Special Accountant special accountant nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant special accountant make such appointment on the Borrower's such Xxxxxxx’s behalf. The Special Accountant special accountant so appointed shall be the agent of the Borrower such Obligor and the Borrower such Obligor shall be solely responsible for his acts, defaults and remuneration; . The Special Accountant special accountant shall have the following functions :-functions:-

Special Accountant. In the event that, in the opinion of the Lender, circumstances have arisen which gives reasonable cause for concern over the financial condition of the Borrower, the Borrower will, notwithstanding that an Event of Default or a potential Potential Event of Default has not occurred, forthwith upon the Lender's request appoint a special accountant (“Special Accountant Accountant”) nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant make such appointment on the Borrower's behalf. The Special Accountant so appointed shall be the agent of the Borrower and the Borrower shall be solely responsible for his acts, defaults and remuneration; The Special Accountant shall have the following functions :-

Special Accountant. In the event that, in the opinion of the Lender, circumstances have arisen which gives reasonable cause for concern over the financial condition of the Mortgagor and the Borrower, the Mortgagor and the Borrower will, notwithstanding that an Event of Default or a potential Event of Default has not occurred, forthwith upon the Lender's request appoint a Special Accountant nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant make such appointment on behalf of the Mortgagor and/or the Borrower's behalf. The Special Accountant so appointed shall be the agent of the Mortgagor and/or the Borrower and the Mortgagor and the Borrower shall be solely responsible for his acts, defaults and remuneration; The Special Accountant shall have the following functions :-functions:-

Special Accountant. In in the event that, in the opinion of the Lender, circumstances have arisen which gives give reasonable cause for concern over the financial condition of the Borrower, the Borrower will, notwithstanding that an Event of Default or a potential Potential Event of Default has not occurred, forthwith upon the Lender's ’s request appoint a Special Accountant special accountant nominated by the Lender. The Lender may at its absolute discretion immediately after such request to appoint a Special Accountant special accountant make such appointment on the Borrower's ’s behalf. The Special Accountant special accountant so appointed shall be the agent of the Borrower and the Borrower shall be solely responsible for his acts, defaults and remuneration; . The Special Accountant special accountant shall have the following functions :-functions:-