Accounting Audits Sample Clauses

Accounting Audits. All Partnership accounting records shall be audited upon: (choose one) ☐ - Majority Vote. A majority vote of the Partners. ☐ - 2/3 Vote. A 2/3 vote of the Partners. ☐ - Unanimous Vote. A unanimous vote of the Partners. ☐ - Other. .
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Accounting Audits. All Partnership accounting records shall be audited upon: (choose one) ☐ - Majority Vote. A majority vote of the Partners. ☐ - 2/3 Vote. A 2/3 vote of the Partners. ☐ - Unanimous Vote. A unanimous vote of the Partners. ☐ - Other. [OTHER] PARTNER DUTIES. The Partners shall have the following duties and obligations: Costs and Expenses. The costs and expenses of the Partnership shall be the responsibility of: (choose one) ☐ - All Partners based on ownership interest. All Partners shall be responsible for costs and expenses to the Partnership in accordance with their respective ownership interest. ☐ - All Partners equally. All Partners shall be equally responsible for costs and expenses to the Partnership no matter their ownership interest. ☐ - Other. [OTHER]
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Accounting Audits. (a) ChemGenex must maintain books of account relating to its Net Sales in accordance with generally accepted accounting principals. (b) Annually, within 90 days after the end of its relevant financial year, ChemGenex will provide, at its expense, a worldwide sales report detailed by countries and reconciling Net Sales, where applicable, and certified by its auditors, being a firm approved by SEC for public companies. (c) Stragen will have the right, at its own expense, to have an independent certified public accountant of its own selection, reasonably acceptable to ChemGenex, examine at a time reasonably acceptable to ChemGenex, during normal business hours but not more than once each calendar year, the relevant books and records of account of ChemGenex, to determine whether appropriate accounting has been made. (d) Stragen must ensure that the independent certified accountant enters into a confidentiality deed with ChemGenex which includes an obligation not to disclose to Stragen or its Affiliates any information other than that which is relevant to the rights of Stragen under this Agreement. (e) In the event of a dispute between the independent certified public accountants of ChemGenex and Stragen with respect to any matter called for by this Agreement, the parties shall select a third independent public accounting firm to arbitrate the dispute, provided, that such firm shall have the authority only to select from among the positions of the original two firms that position which it deems most accurate. The fees of such third firm shall be borne by the party whose position is not approved of by such arbitrator.
Sample 1
Accounting Audits. 34.1 DIGIDEAL shall have the right to inspect with three (3) business days prior notice, the records of PDS FINANCIAL and all licensees or sublicensees which are relevant to indicate the amount of rental revenue, sales revenue, or other compensation which is owed to DIGIDEAL or otherwise to be paid in connection with this Agreement. 34.2 DIGIDEAL shall also have the right to inspect the records of PDS FINANCIAL and all licensees or sublicensees which are relevant to the quantity of Designated Product produced by or for PDS FINANCIAL and all licensees or sublicensees. 34.3 The rights to inspect indicated herein include the right to have an audit conducted by an appropriate auditing or accounting firm. If an audit indicates that PDS FINANCIAL has failed to pay amounts rightfully owed to DIGIDEAL due to careless or inappropriate behavior or accounting, then the cost of the audit shall be fully paid by PDS FINANCIAL or the licensee or sublicensee who owes such amount. 34.4 The parties hereto agree that there may be a yearly audit conducted at DIGIDEAL's request for purposes of confirming the amounts owed DIGIDEAL in connection with this Agreement. The parties will share equally in bearing the costs of such a yearly audit.
Sample 1
Accounting Audits. DIGIDEAL shall have the right to inspect with three (3) business days prior notice, the records of PDS FINANCIAL and all licensees or sublicensees which are relevant to indicate the amount of rental revenue, sales revenue, or other compensation which is owed to DIGIDEAL or otherwise to be paid in connection with this Agreement.
Sample 1
Accounting Audits. Each party shall maintain books of account relating to its payment obligations and reimbursement rights pursuant to this Agreement, in the case of Pharmion, Net Sales, and in the case of Penn, Penn's fully allocated cost of manufacturing the Products, all in accordance with U.K. generally accepted accounting principals with appropriate controls to insure that transactions are properly recorded. Each party shall have the right, at its own expense, to have an independent certified public accountant of its own selection, reasonably acceptable to the other, examine at a time reasonably acceptable to the other, during normal business hours but not more than once each calendar year, the relevant books and records of account of the other, to determine whether appropriate accounting has been made under Section 6.1 and Article VII hereof. Such independent certified accountant shall treat as confidential and shall not disclose to the party engaging such accountant any information other than that which is relevant to the rights of the engaging party hereunder or the performance by the other party of its obligations hereunder. In the event of a dispute between the independent certified public accountants of Pharmion and Penn with respect to any matter called for by this Agreement, the parties shall select a third independent public accounting firm to arbitrate the dispute, provided, that such firm shall have the authority only to select from among the positions of the original two firms that position which it deems most accurate. The fees of such third firm shall be borne by the party whose position is not approved of by such arbitrator.
Sample 1
Accounting Audits. Upon Teva’s request and expense, Company and its Affiliates will permit an independent certified public accounting firm selected by Teva and reasonably acceptable to Company, to have access, in each instance, reasonable in time and scope, during normal business hours and upon not less than five (5) Business Days’ prior written notice, to those books and records maintained by Company and its Affiliates necessary for Teva to verify the accuracy of Company’s Expenditure Reports.
Sample 1
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Accounting Audits 
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Related to Accounting Audits

  • Accounting and Financial Determinations Unless otherwise specified, all accounting terms used herein shall be interpreted, all accounting determinations and computations hereunder or thereunder (including under Clause 9.4 (Financial Condition)) shall be made, and all financial statements required to be delivered hereunder or thereunder shall be prepared, in accordance with GAAP consistently applied (or, if not consistently applied, accompanied by details of the inconsistencies); provided that if the Borrower elects to apply or is required to apply IFRS accounting principles in lieu of GAAP, upon any such election and notice to the Facility Agent, references herein to GAAP shall thereafter be construed to mean IFRS (except as otherwise provided in this Agreement); provided further that if, as a result of (a) any change in GAAP or IFRS or in the interpretation thereof or (b) the application by the Borrower of IFRS in lieu of GAAP, in each case, after the date of any financial statements referred to in Clause 8.1 (Financial Information, Reports, Notices, etc.), there is a change in the manner of determining any of the items referred to herein or thereunder that are to be determined by reference to GAAP, and the effect of such change would (in the reasonable opinion of the Borrower or the Facility Agent) be such as to affect the basis or efficacy of the financial covenants contained in Clause 9.4 (Financial Condition) in ascertaining the consolidated financial condition of the Borrower and its Subsidiaries and the Borrower notifies the Facility Agent that the Borrower requests an amendment to any provision hereof to eliminate such change occurring after the date hereof in GAAP or the application thereof on the operation of such provision (or if the Facility Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), then such item shall for the purposes of Clause 9.4 (Financial Condition) continue to be determined in accordance with GAAP relating thereto as if GAAP were applied immediately prior to such change in GAAP or in the interpretation thereof until such notice shall have been withdrawn or such provision amended in accordance herewith. Notwithstanding the foregoing, all obligations of any person that are or would be characterized as operating lease obligations in accordance with GAAP on the B34 Facility Amendment Date (whether or not such operating lease obligations were in effect on such date) shall continue to be accounted for as operating lease obligations for the purposes of this Agreement regardless of any change in GAAP following the B34 Facility Amendment Date that would otherwise require such obligations to be recharacterized (on a prospective or retroactive basis or otherwise) as capital leases.

  • Accounting Matters Unless otherwise stated, all accounting terms used in this Agreement shall have the meanings attributable thereto under IFRS and all determinations of an accounting nature required to be made hereunder shall be made in a manner consistent with IFRS.

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