Agreed Upon Procedures Letter definition

Agreed Upon Procedures Letter means, an agreed upon procedures letter, prepared in accordance with the guidelines published by the Department from time to time, provided by a public accounting firm approved by the Manager covering compliance of a sample of Financed Student Loans with the criteria regarding loan eligibility as specified in the guidelines published by the Department from time to time. Unless otherwise specified in the guidelines published by the Department or in this Agreement, the relevant sample shall include such number of Student Loans as may be determined by the public accounting firm that will ensure a 95% rate of confidence in such sample. The relevant pool for any Agreed Upon Procedures Letter required to be delivered with respect to any Grant Date shall, at a minimum, include all Financed Student Loans pledged to the Conduit Lender on such Grant Date and all Financed Student Loans that have not previously been included in a relevant pool for an Agreed Upon Procedures Letter delivered to the Manager and the Department in respect of any prior Grant Date or Advance Date, and for the avoidance of doubt, may include additional Student Loans. The relevant pool for any Agreed Upon Procedures Letter required to be delivered with respect to any Advance Date that is not a Grant Date shall, at a minimum, include all Financed Student Loans that have not previously been included in a relevant pool for an Agreed Upon Procedures Letter delivered to the Manager and the Department in respect of any prior Grant Date or Advance Date, and for the avoidance of doubt, may include additional Student Loans. The relevant pool for any Agreed Upon Procedures Letter required to be delivered pursuant to Section 12 of Appendix D of this Agreement shall, at a minimum, include all Financed Student Loans that have not previously been included in a relevant pool for an Agreed Upon Procedures Letter delivered to the Manager and the Department pursuant to Section 12 of Appendix D of this Agreement, and may include other Financed Student Loans in accordance with the guidelines published by the Department.

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Agreed Upon Procedures Letter means the letter developed pursuant to Section 4.3.

Agreed Upon Procedures Letter is defined in Section 7.2(j).

Examples of Agreed Upon Procedures Letter in a sentence

However, if ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ LLP determines that Seller has not calculated the credits or costs materially in compliance with the Agreed Upon Procedures Letter, then Seller and Buyer will make the recommended accounting reconciliation and make payments accordingly.
Upon Buyer's request after Seller has presented, on or before October 1 of each year during the Term, a final accounting of the credits and costs to the Parties from changes in the tariff rates, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ LLP or some other mutually agreeable third party (hereafter ("▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ LLP") will verify in writing that Seller calculated all costs and credits in compliance with the Agreed Upon Procedures Letter.
Purchaser shall have received a letter (the "Agreed Upon Procedures Letter") from Parent's independent certified public accountants substantially in the form previously agreed by Purchaser, Parent and Sub.
If ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ LLP verifies that Seller calculated the credits and costs materially in compliance with the Agreed Upon Procedures Letter, then Buyer and Seller agree that no additional charges/credits need to be paid.
Such number must also be included in the information given to the accountants and the Conduit Administrator for any sample pool of Student Loans in connection with any Agreed Upon Procedures Letter.
As used herein, "Pool Information" means the compilation of information and data regarding the Mortgage Loans covered by the Agreed Upon Procedures Letter dated January 25, 2002 and rendered by Deloitte & Touche, L.L.P. (a "hard copy" of which Pool Information was initial▇▇ ▇▇ behalf of each of GMACCM, GACC and GSMC and the Company).
As used herein, "Pool Information" means the compilation of information and data regarding the Mortgage Loans covered by the Agreed Upon Procedures Letter dated August 8, 2000 and rendered by Deloitte & Touche, L.L.P. (a "hard copy" of which Pool Information was initialed on behalf of each of GMACCM, GACC, GSMC and the Company).

More Definitions of Agreed Upon Procedures Letter

Agreed Upon Procedures Letter has the meaning set forth in Section 3.2(a).