Common use of Independent Auditor Clause in Contracts

Independent Auditor. The LLP and its Subsidiaries at all times shall engage a Person to audit its financial statements (the “Independent Auditor”) that (a) is an independent public accounting firm within the meaning of the American Institute of Certified Public Accountants’ Code of Professional Conduct (American Institute of Certified Public Accountants, Professional Standards, vol. 2, et sec. 101), (b) is a registered public accounting firm (as defused in Section 2(a)(12) of SOX, and (c) if the LLP were an “issuer” (as defined in SOX), would not be in violation of the auditor independence requirements of SOX by reason of its acting as the auditor of the LLP and its Subsidiaries. The Independent Auditor shall be appointed by the Board of Managers and shall be a nationally recognized certified public accounting firm. The LLP shall engage the Independent Auditor from time to time to conduct such review and testing as from time to time may be necessary or reasonably required under SOX and to issue to the LLP its written opinions and recommendations with respect thereto.

Appears in 2 contracts

Samples: www.sec.gov, Limited Liability Partnership Agreement (Delphi Automotive PLC)

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Independent Auditor. The LLP Company and its Subsidiaries at all times shall engage a Person to audit its financial statements (the “Independent Auditor”) that (a) is an independent public accounting firm within the meaning of the American Institute of Certified Public Accountants’ Code of Professional Conduct (American Institute of Certified Public Accountants, Professional Standards, vol. 2, et sec. 101), (b) is a registered public accounting firm (as defused defined in Section 2(a)(12) of SOXthe Sarbanes Oxley Act of 2002 (the “Sarbanes Oxley Act”)), and (c) if the LLP were an “issuer” (as defined in SOX), would not be in violation of the auditor independence requirements of SOX the Sarbanes Oxley Act by reason of its acting as the auditor of the LLP Company and its Subsidiaries. The Independent Auditor shall be appointed by the Board of Managers Directors and shall be a nationally recognized certified public accounting firm. The LLP Company shall engage the Independent Auditor from time to time to conduct such review and testing as from time to time may be necessary or reasonably required under SOX the Sarbanes Oxley Act and to issue to the LLP Company its written opinions and recommendations with respect thereto.

Appears in 2 contracts

Samples: Operating Agreement (Chrysler Group LLC), Operating Agreement (Chrysler Group LLC)

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Independent Auditor. The LLP Company and its Subsidiaries at all times shall engage a Person to audit its financial statements (the “Independent Auditor”) that (a) is an independent public accounting firm within the meaning of the American Institute of Certified Public Accountants’ Code of Professional Conduct (American Institute of Certified Public Accountants, Professional Standards, vol. 2, et sec. 101), (b) is a registered public accounting firm (as defused defined in Section 2(a)(12) of SOXthe Sarbanes Oxley Act of 2002 (the “Sarbanes Oxley Act”)), and (c) if the LLP were an “issuer” (as defined in SOX), would not be in violation of the auditor independence requirements of SOX the Sarbanes Oxley Act by reason of its acting as the auditor of the LLP Company and its Subsidiaries. The Independent Auditor shall be appointed by the Board of Managers Directors and shall be a nationally recognized certified public accounting firm. The LLP Company shall engage the Independent Auditor from time to time to conduct such review and testing as from time to time may be necessary or reasonably required under SOX the Sarbanes Oxley Act and to issue to the LLP Company its written opinions and recommendations with respect thereto.. ARTICLE XIII

Appears in 1 contract

Samples: Operating Agreement (Chrysler Group LLC)

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