Accounting and Statements. 4.1 The Property Manager shall account to the Owner for the rent monies received and all payments received on the Owner’s behalf on a regular basis as set out in the Schedule subject to the deductions authorised in this Agreement.
4.2 In the event that any such deductions or the expenses/disbursements incurred are in excess of the rent monies collected by the Property Manager, the Owner agrees to pay such excess to the Property Manager promptly upon demand.
4.3 The Property Manager shall credit any applicable credit balance towards the Owner’s account nominated in the Schedule.
Accounting and Statements. 4.1 Within 3 working days of the end of each calendar month the Property Manager shall account to the Owner for rent received and payments made on the Owner’s behalf during that month. Any net credit interest earned from the bank on credit balances during the month shall be retained by the Property Manager.
4.2 In the event that the disbursements shall be in excess of the rents that are collected by the Property Manager the Owner agrees to pay such excess promptly upon demand.
4.3 The Property Manager is instructed to credit any applicable credit balance direct to the account details as per the Schedule.
4.4 If in the Property Manager’s sole discretion, it may be necessary or proper to reserve or withhold Owner’s funds to meet obligations which are or may become due (including the Property Manager’s compensation) then the Manager may do so.
Accounting and Statements. (1) R & D shall maintain accurate records of all operating, production and business affairs pertaining to the xxxxx. The records shall include the gas production from the xxxxx and other business records that would be customary in the day-to-day operation of the xxxxx.
(2) R & D shall have the right and be entitled to receive advance payment from Wilon for such expenditures as set forth in 7(2) hereof within fifteen (15) days after receipt of R & D ‘s written notice, as provided for herein. R & D shall not be required to commence a project until such payment is made.
Accounting and Statements. 4.1 The Manager shall account to the Owner for the rental received monthly and all payments made on the Owner’s behalf within 7 days of the close of the preceding month.
4.2 In the event that the disbursements shall be in excess of the rents that are collected by the Manager the Owner agrees to pay such excess promptly upon demand.
4.3 The Manager is instructed to credit any applicable credit balance direct to the account details as per the Schedule.
Accounting and Statements. (1) P & J shall maintain accurate records of all operating, production and business affairs pertaining to the xxxxx. The records shall include the gas production from the xxxxx and other business records that would be customary in the day-to-day operation of the xxxxx.
(2) P & J shall have the right and be entitled to receive advance payment from Wilon for such expenditures as set forth in 7(2) hereof within fifteen (15) days after receipt of P & J 's written notice, as provided for herein. P & J shall not be required to commence a project until such payment is made.
Accounting and Statements. 9.1. In respect of each transaction entered into by AAR for you, AAR will send to you or to your order a broker’s note. Such broker’s note will be sent promptly.
9.2. The broker’s note may show a single price combining the unit price and our charges in respect of a transaction. You must notify us of any objections to broker’s notes within 48 hours of deemed date of receipt (as determined in accordance with paragraph 5 above). We will not indicate the time at which a transaction was effected in the broker’s note but will endeavour to supply such detail on request.
9.3. AAR may receive remuneration from or share charges with a third party and the details of the amounts involved will be available on request.
9.4. You should verify the contents of each document received from AAR. Such documents shall, in the absence of manifest error, be conclusive unless you notify AAR in writing to the contrary within 48 hours of deemed date of receipt (as determined in accordance with paragraph 5 above).
9.5. In the event that you request ad hoc valuations, they will be provided on the basis stated, which should not be taken to imply that the valuation represents a market value or that any market professional would quote the same or similar values or that any transaction or position can be realised for that value. Provision of a valuation does not constitute either a bid or an offer by AAR or a member of the African Alliance group of companies. If AAR subsequently agrees to quote a firm price, that firm price may differ from the most recent valuation provided to you which may be unfavourable to you. Valuations will be provided solely for your information and are not intended for the benefit of any other party. AAR specifically disclaims liability for any use you may make of any valuation. You should discuss with your external advisors the extent to which any valuation provided by AAR may be used to value your or any other person’s Investments. Providing valuations to you on one or more occasions does not create an obligation for AAR to continue to do so in the future.
9.6. Valuations of listed Rwandan Investments will be prepared on the basis of the ruling prices disseminated by the relevant exchange on the date specified. Unlisted Investments will be valued at the most recent estimate, if, in the opinion of AAR it is reasonable to do so, otherwise they may be excluded from the valuation. Valuation of non-Rwandan Investments will be based on the latest closing prices availa...
Accounting and Statements. The Manager shall, on a monthly basis, account to the Owner for all rents received and for all payments made on the Owner’s behalf and forward a statement of these accounts to the Owner within three working days of the close of the preceding month.
Accounting and Statements. (a) True and correct accounts concerning the Localized version of the Original Software shall be kept by Licensee and maintained at the head office of Licensee. A monthly statement of all the said accounts will be mailed to Owner within thirty (30) days after the end date of each month, and all money due under this Agreement shall be paid to Owner within forty-five (45) days after Owner mails the invoice to Licensee. All such statements shall be binding on Owner after three (3) years from the date such statements are received unless Owner specifically objects in writing.
(b) Not more than once in each one year period, Owner or its representative shall have the rights, during regular business hours, to audit Licensee's books, records, vouchers and agreements for and concerning the Localized Products for the relevant accounting period. If a discrepancy of 5% or more is revealed by such audit, Licensee shall bear any and all the costs of such audit, including without limitation, the fees and expenses of the auditor.
Accounting and Statements. PERTAMINA's and JOB's, as the case may, accounting records and books will be kept in accordance with generally accepted and recognized accounting systems consistent with modern petroleum industry practices and procedures. Books and reports will be maintained and prepared in accordance with methods established by PERTAMINA. The chart of accounts and related account definitions will be prescribed by PERTAMINA. Reports will be organized for the use of PERTAMINA in carrying out its management responsibilities under this Contract.
Accounting and Statements. 4.1 The Manager shall, on a monthly basis, account to the Owner for all rents received and for all payments made on the Owner’s behalf and forward a statement of these accounts to the Owner within three working days of the close of the preceding month.
4.2 In the event that the disbursements shall be in excess of the rents that are collected by the Manager the Owner agrees to pay such excess promptly upon demand.
4.3 The Manager is instructed to direct credit from his Trust Account any applicable credit balance held on behalf of the Owner, to the Owner’s bank account (as detailed in the Schedule) on the first working day following the close of the preceding month.
