Common use of Coverage Report Clause in Contracts

Coverage Report. On a quarterly basis (the last Business Day of January, April, July and October, commencing January 31, 1989), such Surety Assets Coverage Report shall be confirmed by a letter in the form attached to Annex 3 hereto from the Fund's independent accountants delivered to Financial Security within three Business Days of the delivery of the Surety Assets Coverage Report. If any such letter shows that an error was made in the Surety Assets Coverage Report reviewed or shows that a lower aggregate Surety Assets Value for the Eligible Portfolio Property was determined by the independent accountants, the calculation or determination made by such independent accountants shall be final and conclusive and shall be binding on the Fund and Financial Security, and the Collateral Evaluator shall accordingly amend the Surety Assets Coverage Report and deliver the amended Surety Assets Coverage Report to Financial Security.