ACCOUNTING AND OTHER INFORMATION. 10.1 The parties shall procure that Encompass shall at all times maintain accurate and complete accounting and other financial records including all corporation tax computations and related documents and correspondence with HM Revenue & Customs in accordance with the requirements of all applicable laws and generally accepted accounting principles applicable in the United Kingdom.
10.2 The Council and any relevant regulatory body (and/or its or their authorised agents or representatives) shall be allowed access at all reasonable times to examine the books and records of Encompass and to discuss Encompass’s affairs with its Directors and senior management.
10.3 Encompass shall supply the Council and any relevant regulatory body (and/or their agents or representatives) with such financial and other information necessary to keep the Council informed about how effectively the Business is performing and in particular shall (unless agreed otherwise) supply the Council with:
(a) a copy of each year's Business Plan for approval in accordance with clause 9.3;
(b) a copy of the audited accounts of Encompass prepared in accordance with the laws applicable in and the accounting standards, principles and practices generally accepted in the United Kingdom, within two (2) months of the end of the year to which the audited accounts relate;
(c) quarterly management accounts of Encompass to be supplied within ten (10) Business Days of the end of the quarter to which they relate and the accounts shall include a profit and loss account, a balance sheet and a cashflow statement and such other information as the Council may reasonably require, provided that the Council shall reconsider the frequency of such management accounts at the end of the first Financial Year; and
(d) a copy of a report prepared by Encompass in respect of each Financial Year, demonstrating the implementation by Encompass of Adequate Procedures, such report to be provided within forty (40) Business Days of the end of the Financial Year to which it relates.
10.4 Encompass shall, as soon as possible, comply with any request made by the Council, to provide any documents, information and correspondence necessary to enable the Council to comply with filing, elections, returns or any other requirements of HM Revenue & Customs or of any other revenue or tax authority.
10.5 Encompass shall ensure that information produced in the course of the Agreement or relating to this Agreement is retained for disclosure for si...
ACCOUNTING AND OTHER INFORMATION. 11.1 [LAPC] shall at all times maintain effective and appropriate control systems in relation to its financial, accounting and record-keeping functions. Without prejudice to the generality of the foregoing, [LAPC] shall at all times maintain accurate and complete accounting and other financial records including all corporation tax computations and related documents and correspondence with HM Revenue & Customs in accordance with the requirements of all applicable laws and generally accepted accounting principles applicable in the United Kingdom.
11.2 The Council and its authorised representatives shall be allowed access at all reasonable times to examine the books, accounts, documents and records of [LAPC] and to discuss [LAPC’s] affairs, finances and accounts with its Directors and senior management and the Company shall permit such persons to discuss such matters with the Council and its authorised representatives. The Council and its authorised representatives shall be entitled to make copies of such books, accounts, documents and records as it/they consider appropriate.
11.3 [LAPC] shall supply the Council with the financial and other information necessary to keep the Council informed about how effectively the Business is performing and in particular shall supply the Council with:
(a) a copy of each year's Business Plan for approval in accordance with clause 10.3;
(b) a copy of each business case prepared pursuant to clause 6.5(a);
(c) a copy of the audited accounts of [LAPC] prepared in accordance with the laws applicable in and the accounting standards, principles and practices generally accepted in the United Kingdom, within two
ACCOUNTING AND OTHER INFORMATION. Mortgagor will keep books and records of account in accordance with generally accepted accounting principles, in which full, true and correct entries shall be made of all dealings and transactions relative to Mortgagor and the Property. Said books and records of account shall be made available to Mortgagee, at an office of Mortgagor and shall be open to the inspection of Mortgagee and its accountants and its other duly authorized representatives at regular business hours. Mortgagor further covenants that it will, within a reasonable time after any request by Mortgagee, furnish or cause to be furnished to Mortgagee such other information with respect to Mortgagor or the Property as Mortgagee may from time to time reasonably request.
ACCOUNTING AND OTHER INFORMATION. 10.1 The parties shall procure that the JVC shall at all times maintain accurate and complete accounting and other financial records including all corporation tax computations and related documents and correspondence with relevant tax authorities in accordance with the requirements of all applicable laws and generally accepted accounting principles of the United States of America, reconciled to generally accepted accounting principles as may be required to comply with applicable laws, rules and regulations.
10.2 Each party and its authorised representatives shall be allowed access at all reasonable times to examine the books and records of the JVC and to discuss the JVC's affairs with its directors and senior management.
10.3 The parties shall procure that the JVC shall supply each party with the financial and other information necessary to keep the party informed about how effectively the Business is performing and in particular shall supply each party with:
ACCOUNTING AND OTHER INFORMATION. (a) The Fund shall instruct its brokers and counterparties to send confirmations of all trades executed for the Fund’s account to the Investment Adviser.
(b) The Investment Adviser shall furnish to the Fund or its representative such information concerning its discharge of its obligations hereunder as the Fund may reasonably request; provided, that the Investment Adviser need not disclose any information which it determines to be the Investment Adviser’s proprietary information or legally privileged.
(c) The Investment Adviser shall maintain all records relating to its management of the Fund’s Investment Assets as may be required by Law. At the reasonable request of the Board, the Investment Adviser shall give the Fund (at the expense of the Fund) reasonable access to such documents and shall permit the Fund and its representatives to copy such documents; provided, that the Investment Adviser need not disclose any information which it determines to be the Investment Adviser’s proprietary information or legally privileged.
ACCOUNTING AND OTHER INFORMATION.
8.1 The Company shall at all times maintain accurate and complete accounting and other financial records including all corporation tax computations and related documents and correspondence with HM Revenue & Customs in accordance with the requirements of all applicable laws and generally accepted accounting principles applicable in the United Kingdom.
8.2 Each Council and its authorised representatives shall be allowed access at all reasonable times to examine the books and records of the Company.
8.3 The Company shall provide each Council with the financial and other information necessary to keep the Councils informed about how effectively the Business is performing and in particular shall provide each party with:
8.3.1 a copy of the audited accounts of the Company prepared in accordance with the laws applicable in and the accounting standards, principles and practices generally accepted in the United Kingdom, within 9 months of the end of the year to which the audited accounts relate;
8.3.2 monthly management accounts of the Company to be supplied within 7 Business Days of the end of the month to which they relate, which shall include a profit and loss account, a cashflow statement and forecast reports against budget lines for the full year; and
8.3.3 such information and documentation as it may require in relation to the preparation of its group accounts and in relation to any audit.
8.4 The Company shall, as soon as possible, comply with any additional request made by a Council, to provide any documents, information and correspondence necessary (at the cost of the party making the request) to enable the relevant party to comply with filing, elections, returns or any other requirements of HM Revenue & Customs or of any other revenue or tax authority.
ACCOUNTING AND OTHER INFORMATION. (a) The Portfolio Manager shall furnish to the Directors such information concerning the Portfolio Manager's management and valuation of the Fund's investment assets as the Directors may reasonably request.
(b) The Portfolio Manager shall maintain all records relating to its management of the Fund's investment assets as may be required by law. At the reasonable request of the Directors, the Portfolio Manager shall give the Fund (at the expense of the Fund) reasonable access to such documents and shall permit the Fund and its representatives to copy such documents, subject to SECTION 19.
ACCOUNTING AND OTHER INFORMATION. 9.1 The parties shall procure that the JVC shall at all times maintain accurate and complete accounting and other financial records including all corporation tax computations and related documents and correspondence with HM Revenue & Customs in accordance with the requirements of all applicable laws and generally accepted accounting principles applicable in the United Kingdom.
9.2 Each party and its authorised representatives shall be allowed access at all reasonable times to examine the books and records of the JVC and to discuss the JVC's affairs with its directors and senior management.
9.3 The parties shall procure that the JVC shall supply each party upon written request with the financial and other information necessary to keep the party informed about how effectively the Business is performing and in particular shall supply each party with:
9.3.1 a copy of the accounts of the JVC prepared in accordance with the laws applicable in and the accounting standards, principles and practices generally accepted in the United Kingdom, within three months of the end of the year to which the audited accounts relate; and
9.3.2 quarterly accounts of the JVC to be supplied within reasonable time, which shall include a profit and loss account, a balance sheet and a cashflow statement and such other information as each party may reasonably require.
9.4 The parties shall procure that the JVC shall, as soon as possible, comply with any request made by a party, to provide any documents, information and correspondence necessary (at the cost of the party making the request) to enable the relevant party to comply with filing, elections, returns or any other requirements of HM Revenue & Customs or of any other revenue or tax authority.
ACCOUNTING AND OTHER INFORMATION. (a) The Master Fund shall instruct its brokers and counterparties to send confirmations of all trades executed for the Master Fund's account to the Portfolio Manager.
(b) The Portfolio Manager shall furnish to the Directors such information concerning the Portfolio Manager's management and valuation of the Master Fund's investment assets as the Master Fund may reasonably request; provided that the Portfolio Manager need not disclosure any information which it undertake property.
(c) Subject to SECTION 21, the Portfolio Manager shall maintain all records relating to the management of the Master Fund's investment assets as may be required by law. At the reasonable request of the Directors, the Portfolio Manager shall give the Master Fund (at the expense of the Master Fund) reasonable access to such documents and shall permit the Master Fund and its representatives to copy such documents, subject to SECTION 20.
ACCOUNTING AND OTHER INFORMATION. The Company shall maintain accurate and complete accounting and other financial records, including all corporation tax computations and related documents and correspondence in accordance with: the requirements of all Applicable Laws; generally accepted accounting principles applicable in [insert reference to relevant jurisdictions]; and [Agreed Accounting Practices and Policies]. Each Shareholder and its Authorised Representative shall be granted access at all reasonable times to examine the books and records of the Company. At the end of each Financial Year, the Company shall, if required by the Act, procure: that an account be taken of all the assets and liabilities of the Company, and of all dealings and transactions of the Company during such Financial Year; that the Directors shall prepare a report and accounts in accordance with the Act [and the Agreed Accounting Practices and Policies to be audited by the auditors within 3 months of the end of each Financial Year]; and that such accounts be laid before the Company in a General Meeting not later than [4 months] after the relevant accounting reference date. DIVIDEND POLICY Dividends [and capital gains] of the Company will be [paid to the Shareholders pro rata to their Respective Proportions] [annually on [●] OR on [●] and [●] in each Financial Year]. [Such dividends will be: calculated based on the total profits available [as determined by the Auditors], and the Business Plan (taking in to account the debt / equity ratio); subject to the retention levels set to ensure that the Company can meet the foreseeable requirements of the Business; and subject to maintaining a sufficient level of working capital.] [The intent of the Shareholders is to distribute [all / at least [●] %] of profits (not otherwise retained by the Company) by way of interim or final dividends, within [●] Business Days from the date of declaration or Board approval.] The Directors shall have regard to their [common law], statutory and fiduciary duties in making any decision to pay dividend.
