Common use of Accounting and Banking Clause in Contracts

Accounting and Banking. i. Maintain, at any Service Recipient’s expense, in the name and for the exclusive benefit of such Service Recipient, such Service Recipient’s deposit accounts at a bank or other financial institution designated by such Service Recipient; ii. Prepare and forward for deposit to the appropriate account payments received and a summary transmittal; and iii. Maintain complete and accurate financial books and records of the operations of such Service Recipient in accordance with prudent business practices and GAAP and which comply with the Xxxxxxxx-Xxxxx Act of 2002 and related rules subsequently implemented by the U.S. Securities and Exchange Commission and NASDAQ.

Appears in 4 contracts

Samples: Management Services Agreement, Management Services Agreement (8point3 Energy Partners LP), Management Services Agreement (8point3 Energy Partners LP)

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