Accounting and Reporting Obligations Sample Clauses

Accounting and Reporting Obligations. 3.5.1 JV's fiscal year shall be the 12 month period ending on December 31. 3.5.2 The Board of Directors shall designate an Independent Accounting Firm. 3.5.3 The annual accounting report of JV shall be audited at the expense of JV by its Independent Accounting Firm in accordance with generally accepted auditing standards.
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Accounting and Reporting Obligations. (a) The Company's fiscal year shall be the calendar year and its financial statements shall be prepared in accordance with the Danish Presentation of Accounts Act and shall, to the extent permissible under Danish law, be adjusted for the purpose of U.S. GAAP. (b) The Company shall provide the following consolidated reports and statements to the Shareholders in English within the time periods set forth below: (i) Within fifteen (15) days after the end of each month, a monthly operations report, consolidated and for each operating subsidiary, regarding the operating parameters listed in Schedule 3.4(b)(i). (ii) Within thirty (30) days after the closing of each quarter, a business operations report will be provided including at a minimum a balance sheet, profit and loss statement, and a cash flow statement. (iii) Within ninety (90) days after the end of each fiscal year, an audited balance sheet, profit and loss statement, and cash flow statement, a business operations report, and a proposal governing appropriation of profits or covering losses. (c) The annual report of the Company on a consolidated basis shall be audited at the expense of the Company by its Independent Accounting Firm in accordance with applicable laws. (d) The Company shall provide to each party full access to the books and records of the Company, and shall provide to each party the accounting information such party requires to comply with its own financial reporting requirements, provided that any cost involved in providing such information shall be paid by the requesting party. (e) Each party shall, upon reasonable written notice to the Company and to the other parties, have reasonable access to the Company's books concerning the Company's financial operations.
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Accounting and Reporting Obligations. DDA shall conduct reasonable reporting of expenditures, as documented by the DDA treasurer.
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Accounting and Reporting Obligations. 5.1 The Society shall keep separate, accurate and up-to-date accounts and records relating to the Society’s management and operation of the Global Geopark. The accounting and financial records concerning the Global Geopark shall be prepared according to generally accepted accounting principles and kept distinct from all other accounting and financial records prepared by or on behalf of the Society. 5.2 The Society shall keep all invoices, receipts and accounts and any other relevant documents relating to the receipt and expenditures of a Grant for a period of at least 6 years following receipt of any Grant monies to which they relate. The Regional District shall have the right to review, at the Regional District’s request from time to time, the Society’s accounts and records that relate to the expenditure of Grant monies and shall have the right to take copies of such accounts and records.
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Accounting and Reporting Obligations. 5.1 The Foundation shall keep separate, accurate and up-to-date accounts and records relating to the Foundation’s management and operation of the Dinosaur Museum. The accounting and financial records concerning the Dinosaur Museum shall be prepared according to generally accepted accounting principles and kept distinct from all other accounting and financial records prepared by or on behalf of the Foundation. 5.2 The Foundation shall keep all invoices, receipts and accounts and any other relevant documents relating to the receipt and expenditures of a Grant for a period of at least 6 years following receipt of any Grant monies to which they relate. The Regional District shall have the right to review, at the Regional District’s request from time to time, the Foundation’s accounts and records that relate to the expenditure of Grant monies and shall have the right to take copies of such accounts and records.
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Accounting and Reporting Obligations. 5.1 The Association shall keep separate, accurate and up-to-date accounts and records relating to the Association’s management and operation of the Library. The accounting and financial records concerning the Library shall be prepared according to generally accepted accounting principles and kept distinct from all other accounting and financial records prepared by or on behalf of the Association. 5.2 The Association shall keep all invoices, receipts and accounts and any other relevant documents relating to the receipt and expenditures of a Grant for a period of at least 6 years following receipt of any Grant monies to which they relate. The Regional District shall have the right to review, at the Regional District’s request from time to time, the Association’s accounts and records that relate to the expenditure of Grant monies and shall have the right to take copies of such accounts and records. 5.3 By November 1st of each year during the Term, the Association shall provide the Regional District with an annual budget that details the following: (i) Current year expenses to date; (ii) Current year total projected expenses; (iii) Previous year’s expenses; (iv) Previous year’s revenue; (v) Projected expenses; (vi) Projected revenues; (vii) Annual funding request from the Regional District; and (viii) Such other information as the Regional District may reasonably request upon 30 days’ notice in writing to the Association. 5.4 By June 30th of each during the Term, the Association shall provide the Regional District with a comprehensive annual report in a form acceptable to the Regional District, setting the following information respect to the previous calendar year: (i) financial statements; (ii) the amount, source and use of any third-party funding obtained by the Association; (iii) the amount of surplus funds and a breakdown of surplus funds attributable to each funding source as determined by the following formulae: total surplus funds × (amount of funding received from source ÷ the aggregate amount of funding received); (iv) statistics on visitors and participants for each program, exhibit, and facility operated by the Association in connection with the Library, including a comparison of such statistics with the most recent prior year; (v) a description of events, programs, and exhibits provided in connection with the Library; and (vi) such other metrics and information as the Regional District may reasonably request upon 30 days’ notice in writing to the ...
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Accounting and Reporting Obligations. Within forty-five (45) days after the end of each Quarterly Accounting Period during the Term, Pandora shall, or shall instruct a Third Party Contractor on its behalf to, (1) provide to PUBLISHER a Quarterly Sound Recording Report and a Quarterly Payment Statement for such Quarterly Accounting Period relating to mechanical royalties; and (2) pay to PUBLISHER all mechanical royalties due and payable for the Limited Interative Service and the On- Demand Service for such Quarterly Accounting Period; provided, however, that PUBLISHER agrees that it will not receive payment for royalties due until such amount due has accrued a balance of fifty dollars ($50). For the avoidance of doubt, no royalty reporting will be due to PUBLISHER unless and until a royalty payment is also due.
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Related to Accounting and Reporting Obligations

  • Accounting and Reports (a) The Company shall adopt for tax accounting purposes any accounting method that the Board shall decide in its sole discretion is in the best interests of the Company. The Company’s accounts shall be maintained in U.S. currency. (b) After the end of each Taxable Year, the Company shall furnish to each Member such information regarding the operation of the Company and such Member’s Interest as is necessary for Members to complete U.S. federal and state income tax or information returns and any other tax information required by U.S. federal and state law. (c) Except as otherwise required by the 1940 Act, or as may otherwise be permitted by rule, regulation or order, within 60 days after the close of the period for which a report required under this Section 7.1 is being made, the Company shall furnish to each Member an unaudited semi-annual report and an audited annual report containing the information required by such Act. The Company shall cause financial statements contained in each annual report furnished hereunder to be accompanied by a certificate of independent public accountants based upon an audit performed in accordance with generally accepted accounting principles. The Company may furnish to each Member such other periodic reports as it deems necessary or appropriate in its discretion.

  • Accounting and Reporting 5.1. Issuer agrees to furnish Custodian with the income tax cost basis and dates of acquisition of all Securities held in Issuer’s Account to be carried on its records. If Issuer does not furnish such information, Custodian shall carry the Securities at any such nominal value it determines, such value to be for bookkeeping purposes only. All statements and reporting of any matters requiring this information will use this nominal value. Custodian shall have no duty to verify the accuracy of the tax cost basis or dates of acquisition furnished by Issuer. 5.0. Xx the extent that Custodian has agreed to provide pricing or other information services, Custodian is authorized to utilize any vendor (including brokers and dealers of securities and pricing services embedded in Custodian’s securities processing or accounting systems) reasonably believed by Custodian to be reliable to provide such information. Issuer understands that certain pricing information with respect to complex financial instruments, including, without limitation, derivatives, may be based on calculated amounts rather than actual market transactions and may not reflect actual market values, and that the variance between such calculated amounts and actual market values may or may not be material. If Issuer does not provide such information, Custodian shall use the cost or nominal value for such Securities, solely for administrative convenience. Pursuant to Section 13 Issuer shall release, indemnify, defend and hold Custodian harmless, and Custodian shall be without liability, for any Losses incurred as a result of errors or omissions with respect to any pricing or other information utilized by Custodian hereunder. Custodian shall have no responsibility or duty to ascertain or authenticate the value of pricing applied to any Securities. 5.3. Custodian shall provide Issuer account statements for its Account at least monthly via electronic means or as otherwise as agreed to by Issuer and Custodian showing all income and Issuer transactions. Issuer may approve or disapprove any such statement within 10 days of its receipt, and if no written objections are received within the 10-day period, such statement of account shall be deemed approved by Issuer. 5.4. Issuer or its designee (at their sole cost and expense) shall have access upon reasonable prior notice to Custodian during regular business hours to the books and records relating to Issuer’s Account, or shall be given confirmation of the contents of the books and records maintained by Custodian to verify the accuracy of such books and records. Custodian shall notify Issuer promptly of any Law that would restrict such access or confirmation. Custodian shall not be under any obligation to retain records in paper form.

  • Documenting and Reporting Breaches 6.1 Business Associate shall report to Covered Entity any Breach of Unsecured PHI, including Breaches reported to it by a Subcontractor, as soon as it (or any of its employees or agents) becomes aware of any such Breach, and in no case later than two (2) business days after it (or any of its employees or agents) becomes aware of the Breach, except when a law enforcement official determines that a notification would impede a criminal investigation or cause damage to national security. 6.2 Business Associate shall provide Covered Entity with the names of the individuals whose Unsecured PHI has been, or is reasonably believed to have been, the subject of the Breach and any other available information that is required to be given to the affected individuals, as set forth in 45 CFR § 164.404(c), and, if requested by Covered Entity, information necessary for Covered Entity to investigate the impermissible use or disclosure. Business Associate shall continue to provide to Covered Entity information concerning the Breach as it becomes available to it. Business Associate shall require its Subcontractor(s) to agree to these same terms and conditions. 6.3 When Business Associate determines that an impermissible acquisition, use or disclosure of PHI by a member of its workforce is not a Breach, as that term is defined in 45 CFR § 164.402, and therefore does not necessitate notice to the impacted individual(s), it shall document its assessment of risk, conducted as set forth in 45 CFR § 402(2). When requested by Covered Entity, Business Associate shall make its risk assessments available to Covered Entity. It shall also provide Covered Entity with 1) the name of the person(s) making the assessment, 2) a brief summary of the facts, and 3) a brief statement of the reasons supporting the determination of low probability that the PHI had been compromised. When a breach is the responsibility of a member of its Subcontractor’s workforce, Business Associate shall either 1) conduct its own risk assessment and draft a summary of the event and assessment or 2) require its Subcontractor to conduct the assessment and draft a summary of the event. In either case, Business Associate shall make these assessments and reports available to Covered Entity. 6.4 Business Associate shall require, by contract, a Subcontractor to report to Business Associate and Covered Entity any Breach of which the Subcontractor becomes aware, no later than two (2) business days after becomes aware of the Breach.

  • Accounts and Reports The Company shall maintain a standard system of accounting in accordance with generally accepted accounting principles consistently applied and provide, at its sole expense, to the Secured Party the following: (a) as soon as available, a copy of any notice or other communication alleging any nonpayment or other material breach or default, or any foreclosure or other action respecting any material portion of its assets and properties, received respecting any of the indebtedness of the Company in excess of $15,000 (other than the Obligations), or any demand or other request for payment under any guaranty, assumption, purchase agreement or similar agreement or arrangement respecting the indebtedness or obligations of others in excess of $15,000, including any received from any person acting on behalf of the Secured Party or beneficiary thereof; and (b) within fifteen (15) days after the making of each submission or filing, a copy of any report, financial statement, notice or other document, whether periodic or otherwise, submitted to the shareholders of the Company, or submitted to or filed by the Company with any governmental authority involving or affecting (i) the Company that could have a Material Adverse Effect; (ii) the Obligations; (iii) any part of the Pledged Collateral; or (iv) any of the transactions contemplated in this Agreement or the Loan Instruments.

  • Reporting Obligations As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting company under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act and to promptly furnish the Holders with true and complete copies of all such filings. The Company further covenants that it shall take such further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell shares of Common Stock held by such Holder without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 promulgated under the Securities Act (or any successor rule promulgated thereafter by the Commission), including providing any legal opinions. Upon the request of any Holder, the Company shall deliver to such Holder a written certification of a duly authorized officer as to whether it has complied with such requirements.

  • Information and Reporting The Adviser shall provide the Trust and its respective officers with such periodic reports concerning the obligations the Adviser has assumed under this Agreement as the Trust may from time to time reasonably request.

  • Basic Financial Information and Reporting (a) The Company will maintain true books and records of account in which full and correct entries will be made of all its business transactions pursuant to a system of accounting established and administered in accordance with generally accepted accounting principles consistently applied, and will set aside on its books all such proper accruals and reserves as shall be required under generally accepted accounting principles consistently applied. (b) As soon as practicable after the end of each fiscal year of the Company, and in any event within one hundred twenty (120) days thereafter, the Company will furnish each Investor a balance sheet of the Company, as at the end of such fiscal year, and a statement of income and a statement of cash flows of the Company, for such year, all prepared in accordance with generally accepted accounting principles consistently applied and setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail. Such financial statements shall be accompanied by a report and opinion thereon by independent public accountants of national standing selected by the Company's Board of Directors. (c) The Company will furnish each Investor, as soon as practicable after the end of the first, second and third quarterly accounting periods in each fiscal year of the Company, and in any event within forty-five (45) days thereafter, a balance sheet of the Company as of the end of each such quarterly period, and a statement of income and a statement of cash flows of the Company for such period and for the current fiscal year to date, prepared in accordance with generally accepted accounting principles, with the exception that no notes need be attached to such statements and year-end audit adjustments may not have been made. (d) So long as an Investor (with its Affiliates) shall own not less than five hundred thousand (500,000) shares of Registrable Securities (as adjusted for stock splits and combinations) (a "MAJOR INVESTOR"), the Company will furnish each such Major Investor (i) at least thirty (30) days prior to the beginning of each fiscal year an annual budget and operating plans for such fiscal year (and as soon as available, any subsequent revisions thereto); and (ii) as soon as practicable after the end of each month, and in any event within twenty (20) days thereafter, a balance sheet of the Company as of the end of each such month, and a statement of income and a statement of cash flows of the Company for such month and for the current fiscal year to date, including a comparison to plan figures for such period, prepared in accordance with generally accepted accounting principles consistently applied, with the exception that no notes need be attached to such statements and year-end audit adjustments may not have been made. (e) So long as any Series B Investor (with its Affiliates) owns any shares of Registrable Securities, the Company will furnish to three (3) Investors appointed by Atlas (as designated in writing to the Company) (i) at least thirty (30) days prior to the beginning of each fiscal year an annual budget and operating plans for such fiscal year (and as soon as available, any subsequent revisions thereto); and (ii) as soon as practicable after the end of each month, and in any event within twenty (20) days thereafter, a balance sheet of the Company as of the end of each such month, and a statement of income and a statement of cash flows of the Company for such month and for the current fiscal year to date, including a comparison to plan figures for such period, prepared in accordance with generally accepted accounting principles consistently applied, with the exception that no notes need be attached to such statements and year end audit adjustments may not have been made; provided, however, that after the termination of that certain Consulting Agreement (the "Consulting Agreement") between the Company and Atlas, dated as of April 19, 1999, Investors who are holders of Registrable Securities issued or issuable upon conversion of Series B Stock, or upon exercise of the Warrants, shall only be furnished with balance sheets and statements of income pursuant to this subsection (e).

  • Accounting and Records The books and records of the Company shall be made and maintained, and the financial position and the results of its operations recorded, at the expense of the Company, in accordance with such method of accounting as is determined by the Managing Member. The books and records of the Company shall reflect all Company transactions and shall be made and maintained in a manner that is appropriate and adequate for the Company’s business.

  • Monitoring and Reporting The Programme Operator shall monitor, record and report on progress towards the programme’s outcomes in accordance with the provisions contained in the legal framework. The Programme Operator shall ensure that suitable and sufficient monitoring and reporting arrangements are made with the project promoters in order to enable the Programme Operator and the National Focal Point to meet its obligations to the Donors. When reporting on progress achieved in Annual and Final Programme Reports, the Programme Operator shall disaggregate results achieved as appropriate and in accordance with instructions received from the FMO.

  • Books Records Accounting and Reports Section 8.1 Records and Accounting 60 Section 8.2 Fiscal Year 60 Section 8.3 Reports 60

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