Accounting and Reconciliation. Within sixty (60) days after the end of each quarter during the Term, Sublandlord shall provide to Subtenant a statement of Rent substantially in the form set forth in Exhibit F actually incurred during the prior quarter ("Quarterly Statement"). If Subtenant owes Sublandlord, payment will be made on the next Rent payment date. If Sublandlord owes Subtenant, such amount will be deducted from the Rent due on the next payment date. If the Term has ended, then payment shall be made promptly. In addition, future months' Rent will be based on the revised amounts set forth in the revised Schedule F delivered to Subtenant at the end of each quarter. Within nine (9) months of each anniversary of the Effective Date and upon reasonable written notice, Subtenant, at its expense, shall have the right to perform an audit of the reasonably necessary books and records of Sublandlord related to the prior four (4) Quarterly Statements for the sole purpose of ensuring compliance with this Section 5. The audit shall be performed by Subtenant itself or an independent certified public accountant, reasonably acceptable to both Sublandlord and Subtenant, during normal business hours and with a minimum amount of interruption to Sublandlord's business. If the audit reveals that Subtenant has paid more or less than its Building Share of Rent for such year, then payments shall be made as set forth above. In addition, if the audit reveals that Sublandlord has overcharged Subtenant by ten percent (10%) or more for the Quarterly Statements under audit, Sublandlord shall reimburse Subtenant for the reasonable cost of the audit Any information disclosed to Subtenant or a certified public accountant pursuant to this Section will be subject to a confidentiality agreement reasonably acceptable to Sublandlord and signed by Subtenant and its agents, if any.
Accounting and Reconciliation. (i) SPI shall properly account for DRCI financial transactions during the term of this Agreement, and shall provide to XXXX X/X Xxxxx, X/X Aging, and Job Cost Summary reports for DRCI, and such others as DSCI may request, on or before the 15th of each month for the preceding month. A joint review of the reports will be conducted within five (5) days of delivery to DSCI and the parties shall endeavor to resolve any reconciliation discrepancies or disputes by the 25th of each reporting month.
(ii) In the event this Agreement is terminated, prior to reconciliation of the monthly accounting period for any reason other than the expiration of the Interim Operating Period, one hundred ten percent (110%) of the projected net amount to be owed to DSCI for the corresponding period will be held by SPI in escrow until a final accounting addressing such period has been approved by the affected parties. If a final accounting cannot be agreed upon within 30 days after the Closing Date, the parties agree to resolve any related disputes through binding arbitration under the commercial rules of the American Arbitration Association in Sacramento County, California under a single arbitrator.
(iii) All contract work in progress or completed during the term of this Agreement will be jointly reviewed by the parties hereto, with a preceding month job-cost report prepared and discussed by the 15th of each month. Such report shall be prepared by DRCI with the assistance of DSCI, and distributed to DSCI by the 10th of every month.
Accounting and Reconciliation. For at least eighteen (18) months from the date of their creation, DIRECTV shall maintain complete, current, and accurate records of activation, billing and other accounting records arising from all amounts to be paid to TiVo hereunder. In conjunction with such accounting, DIRECTV shall provide TiVo with the necessary reconciliation or back office support regarding the number of DVR/PVR Service Subscribers with Legacy Combination Receivers and/or DIRECTV TE Receivers subject to payment to TiVo.
Accounting and Reconciliation. (a) Each party shall submit to the other party no later than the twenty fifth (25th) day of the last month of each Calendar Quarter a written estimate of Joint Development Costs incurred by it during such Calendar Quarter. In addition, each party shall report to the other party within thirty (30) days after the end of each Calendar Quarter with regard to the Joint Development Costs incurred by it during such Calendar Quarter. Such report shall specify in reasonable detail all expenses included in such Joint Development Costs during such Calendar Quarter and shall be accompanied by invoices, and/or such other appropriate supporting documentation. Within forty-five (45) days after the end of each of the first three (3) Calendar Quarters and, for the last Calendar Quarter in a Calendar Year, within sixty (60) days after the end of such Calendar Quarter, the party that has incurred less than its share of such Joint Development Costs shall make a reconciling payment to the other party to achieve the appropriate allocation of Joint Development Costs provided for in Section 4.7.1. Each party’s report shall include, in addition to the Joint Development Costs incurred by it during the relevant Calendar Quarter a comparison of the amounts budgeted in the applicable Annual Development Plan for such activities and the amounts incurred by such party for such activities. The parties shall seek to resolve any questions related to such accounting statements within fifteen (15) days following receipt by each party of the other party’s report hereunder. The parties’ Finance Contacts shall facilitate the reporting of Joint Development Costs hereunder and the resolution of any questions concerning such reports. Each party shall have the right at reasonable times and upon reasonable prior notice to audit the other party’s records as provided in Section 4.7.2
Accounting and Reconciliation. (a) The Finance Contacts shall implement and coordinate, monthly accountings and quarterly balancing payments between Zymo and BMS comparable to Section 4.7.2, such that each of Zymo and BMS, after such balancing payments, will, subject to Section 5.3, on a net basis at least as current as quarterly, bear Net Losses in the same ratio as profits are shared in accordance with Section 9.1.
(b) USA Commercialization Costs shall be the sum of the parties’ costs within the following cost categories (in accordance with the definitions thereof set forth in Exhibit A) for the USA:
(i) Cost of Sales
(ii) Distribution Costs
(iii) Marketing Costs
(iv) Other Operating Costs
(v) Sales Costs
Accounting and Reconciliation. The Supplier shall establish and maintain an accounting system that enables the Authority to:-
Accounting and Reconciliation. Following the close of the previous fiscal year, Clark County shall undertake an accounting and reconciliation associated with the determination of the Retroactive Assessment. Clark County agrees that it shall be responsible for all costs associated with the accounting and reconciliation, together with all sums due and owing under the Retroactive Assessment.
Accounting and Reconciliation. (a) NN shall submit to ZGEN no later than the twenty fifth (25th) day of the last month of each calendar quarter a written estimate of Phase III Costs incurred by it during such calendar quarter. In addition, NN shall report to ZGEN within thirty (30) days after the end of each calendar quarter with regard to the Phase III Costs incurred by it during such calendar quarter. Such report shall specify in reasonable detail all expenses included in such Phase III Costs during such calendar quarter and, upon ZGEN’s reasonable request, NN shall provide invoices and other supporting documentation. NN’s report shall include, in addition to the Phase III Costs actually incurred by it during the relevant calendar quarter, a comparison of the amounts budgeted in the applicable Annual Plan for such activities and an explanation of any significant variances. The parties’ Finance Contacts (as defined herein) shall facilitate the reporting of Phase III Costs hereunder and the resolution of any questions concerning such reports.
(b) NN shall record and account for its FTE effort for the Phase III Clinical Development of a Product to the extent that such FTE efforts are included in Phase III Costs that are, or may in the future be, shared under this Agreement, and shall report such FTE effort to the Finance Contacts on a quarterly basis. Except to the extent provided herein, NN shall calculate and maintain records of FTE effort incurred by it in the same manner as used for other products it develops.
(c) The Phase III Costs shall be accounted for by NN hereunder in accordance with the following cost accounting principles:
(i) The parties intend that all costs defined herein are to be: (A) determined consistent with generally accepted accounting principles and (B) allocated among projects and activities by NN in a good faith attempt to calculate the relative cost of each of such projects and activities in a manner consistent with NN’s customary practices.
(ii) The following guidelines shall be used in determining amounts chargeable to Phase III Costs.
(A) If a cost is specifically and exclusively incurred for Phase III Clinical Development of a Product solely to support a Regulatory Approval in a country other than USA or outside the European Union, then none of such cost shall be included in Phase III Costs.
(B) If a cost is incurred for Phase III Clinical Development of a Product to support a Regulatory Approval in USA or the European Union, and [*] connection with such Ph...
Accounting and Reconciliation. Each Party shall keep such financial and other books, records and files as are necessary in connection with the terms and conditions hereunder, and shall provide the other Party with a reconciliation on not less than a quarterly basis.
Accounting and Reconciliation. Following the close of the previous fiscal year, Xxxxx County shall undertake an accounting and reconciliation associated with the determination of the Retroactive Assessment. Xxxxx County agrees that it shall be responsible for all costs associated with the accounting and reconciliation, together with all sums due and owing under the Retroactive Assessment.
