Accounting Cycle. (a) With respect to the Tax Liens (other than the PACE Charge Liens) serviced hereunder, the Servicer shall deliver, on or before the 15th day of each month, to the Issuer, the Owner and the Collateral Agent and Custodian a monthly collection report in a form agreed to by the parties hereto (the “Monthly Accounting Report”), current as of the close of business on the last Business Day of the previous month.
Accounting Cycle. All orders that have been sent through HQ by the close of the month will be processed for payment in that month. A Monthly Statement listing all transactions in which you were involved together with other fees will normally be prepared and mailed on the first working day of the new month. This Statement will give the amount that is to be paid by or to you on Settlement Day specified on the Quick Reference Card. All accounts with HQ must be settled in full each month.
Accounting Cycle. The accounting cycle is designed to accurately and timely process, record, summarize, and report transactions of FLACS. FLACS will maintain its accounting records and related financial reports on the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recognized when incurred (goods transferred or services rendered). The component accounting cycles fall into one of five primary functions:
