Common use of Accounting Procedures and Monitoring Clause in Contracts

Accounting Procedures and Monitoring. 10.1 Within 1 (one) month from the Operational Date the Council and BID Company shall form the Monitoring Group. 10.2 In addition to the information outlined in 7.4, every month or as required, during the BID Term the Council shall provide the BID Company with a breakdown of:- (i) the amount of BID Levy for each individual BID Levy Payer. (ii) the BID Levy collected in relation to each BID Levy Payer. (iii) details (together with the outstanding unpaid sum) of those BID Levy Payers who have not paid the BID Levy. (iv) details of the Reminder Notices issued throughout that period; and (v) details of any Liability Orders obtained or applied for by the Council. 10.3 The Monitoring Group shall meet no less than once in any one Financial Year and on all other occasions further meetings of the Monitoring Group shall be arranged by the service of written notice by either party on the other, such notice to be provided no less that 28 (twenty eight) days prior to the date of the proposed meeting (or lesser if otherwise agreed or in cases of emergency) and provided further that such meetings can be dispensed with altogether upon the written agreement of both the Council and the BID Company. 10.4 At each meeting the Monitoring Group shall:- (i) review the effectiveness of the collection and enforcement of the BID Levy; and (ii) if required, review and assess the information provided by the Council pursuant to clauses 10.2 above and make any recommendations for implementation as may be agreed (and which are permitted by the Regulations and the terms of this Agreement). 10.5 Within 1 (one) month after the date of the end of the Financial Year the Council shall provide the Annual Report to the BID Company. 10.6 The BID company shall provide the BID Company Report to the Council two weeks prior to their Annual General Meeting.

Accounting Procedures and Monitoring. 10.1 11.1 Within 1 (one) month from the Operational Date the Council and BID Company shall form the Monitoring Group. 10.2 In addition to 11.2 Every 3 months (for the information outlined in 7.4, every month or as required, during the duration of BID Term Term) the Council shall provide the BID Company with a breakdown of:-of: (i1) the amount of BID Levy Xxxx for each individual BID Levy Payer.; (ii2) the BID Levy Xxxx collected in relation to each BID Levy Payer.; (iii3) details (together with the outstanding unpaid sum) of those BID Levy Payers who have not paid the BID Levy.Xxxx during those 3 months; (iv4) details of the Reminder Notices issued throughout that period; and (v5) details of any Liability Orders obtained or applied for by the Council; 11.3 Every 3 months (for the BID Term) the BID Company shall provide the Council with the following details: 11.3.1.1 the total amount of BID Xxxx received 11.3.1.2 the total amount of income received from the Contributors (excluding the BID Xxxx) 11.3.1.3 the total expenditure during that 3 month period. 10.3 11.4 The Monitoring Group shall meet no less than once twice in any one Financial Year and on all other occasions further meetings of the Monitoring Group shall be arranged by the service of written notice by either party on the other, such notice to be provided no less that than [28 (twenty eight) )] days prior to the date of the proposed meeting (or lesser if otherwise agreed or in cases of emergency) and provided further that such meetings can be dispensed with altogether upon the written agreement of both the Council and the BID Company. 10.4 11.5 At each meeting the Monitoring Group shall:-shall (i) 11.5.1.1.1 review the effectiveness of the collection and enforcement of the BID LevyXxxx; and (ii) 11.5.1.1.2 if required, review and assess the information provided by the Council pursuant to clauses 10.2 above and make any recommendations for implementation as may be agreed (and which are permitted by the Regulations and the terms of this Agreement). 10.5 Within 1 (one) month after the date of the end of the Financial Year the Council shall provide the Annual Report to the BID Company. 10.6 The BID company shall provide the BID Company Report pursuant to the Council two weeks prior to their Annual General Meeting.Clauses 10.2 and

Accounting Procedures and Monitoring. 10.1 Within 1 (one) month 9.1 Subject to the correct IT systems/ software being set up and available/ready to use, the Council shall from the Operational Commencement Date and for the Council and BID Company shall form the Monitoring Group. 10.2 In addition to the information outlined in 7.4, every month or as required, during duration of the BID Term the Council shall provide the BID Company with a breakdown of:- (i) reports report setting out the amount of BID Levy for each individual BID Levy PayerMonitoring Information detailed at Appendix B to this Agreement. (ii) 9.2 Within one month of the start of each Financial Year the parties shall agree the dates when there will be meetings of the Monitoring Group and there will be at least two such meetings in each Financial Year throughout the duration of the BID Levy collected in relation to each BID Levy Payer. (iii) details (together with the outstanding unpaid sum) of those BID Levy Payers who have not paid the BID Levy. (iv) details of the Reminder Notices issued throughout that period; and (v) details of any Liability Orders obtained or applied for by the Council. 10.3 The Monitoring Group shall meet no less than once in any one Financial Year Term and on all other occasions further meetings of the Monitoring Group shall be arranged by the service of written notice by either party on the otherparty, such notice to be provided served no less that 28 than twenty eight (twenty eight28) days prior to the date of the proposed meeting (or such lesser if otherwise period as may be agreed by the parties or may be necessary in cases the case of an emergency) and provided further that such meetings can be dispensed with altogether upon the written agreement of both the Council and the BID Company). 10.4 9.3 At each meeting the Monitoring Group shall:-shall: (i) review Review the effectiveness of the collection and enforcement of the BID LevyXxxx; and (ii) if required, If required by either party review and assess the information provided by the Council pursuant to clauses 10.2 above and make any recommendations for implementation as may be agreed (and which are permitted by the Regulations and the terms of this Agreement)parties. 10.5 9.4 Within 1 (one) month after from the date of the end receipt of the Financial Year the Council shall provide the Annual Report to in each Financial Year (for the duration of the BID Company. 10.6 The Term) the BID company Company shall provide the a BID Company Report to the Council. 9.5 The BID Revenue Account will be subject to the normal internal and external audit arrangements of the Council two weeks prior and the Council will make available to their Annual General Meetingthe BID Company and its appointed auditors such information as requested by the BID Company and its appointed auditors that they are able to request under legislation and the Regulations.

Accounting Procedures and Monitoring. 10.1 Within 1 (one) month from the Operational Date the Council and BID Company shall form the Monitoring Group. 10.2 In addition to the information outlined in 7.4, every month or as required, during the BID Term the Council shall provide the BID Company with a breakdown of:- (i) the amount of BID Levy Xxxx for each individual BID Levy Payer.; (ii) the BID Levy Xxxx collected in relation to each BID Levy Payer.; (iii) details (together with the outstanding unpaid sum) of those BID Levy Payers who have not paid the BID Levy.Xxxx; (iv) details of the Reminder Notices issued throughout that period; and (v) details of any Liability Orders obtained or applied for by the Council. 10.3 The Monitoring Group shall meet no less than once in any one Financial Year and on all other occasions further meetings of the Monitoring Group shall be arranged by the service of written notice by either party on the other, such notice to be provided no less that 28 (twenty eight) days prior to the date of the proposed meeting (or lesser if otherwise agreed or in cases of emergency) and provided further that such meetings can be dispensed with altogether upon the written agreement of both the Council and the BID Company. 10.4 At each meeting the Monitoring Group shall:- (i) review the effectiveness of the collection and enforcement of the BID LevyXxxx; and (ii) if required, review and assess the information provided by the Council pursuant to clauses 10.2 above and make any recommendations for implementation as may be agreed (and which are permitted by the Regulations and the terms of this Agreement). 10.5 Within 1 (one) month after the date of the end of the Financial Year the Council shall provide the Annual Report to the BID Company. 10.6 The BID company shall provide the BID Company Report to the Council two weeks prior to their Annual General Meeting.

Accounting Procedures and Monitoring. 10.1 11.1 Within 1 (one) month from the Operational Date the Council and BID Company shall form the Monitoring Group. 10.2 In addition to 11.2 Every 3 months for the information outlined in 7.4, every month or as required, during the duration of BID Term the Council shall provide the BID Company with a breakdown of:- (i) the amount of BID Levy for each individual BID Levy Payer. (ii) 11.2.1 the BID Levy Xxxx collected in relation to each BID Levy Payer.; (iii) 11.2.2 details (together with the outstanding unpaid sum) of those BID Levy Payers who have not paid the BID Levy.Xxxx during those 3 months; (iv) 11.2.3 details of the Reminder Notices issued throughout that period; and (v) 11.2.4 details of any Liability Orders obtained or applied for by the Council. 10.3 11.3 Every 6 months (for the BID Term) the BID Company shall provide the Council with the following details: 11.3.1 the total amount of income received from the Contributors (excluding the BID Xxxx); and 11.3.2 the total expenditure during that 6-month period. 11.4 The Monitoring Group shall meet no not less than once twice in any one Financial Year and on Year. On all other occasions further meetings of the Monitoring Group shall will be arranged by the service of written notice by either party on the other, such . Such notice is to be provided no not less that than 28 (twenty eight) days prior to the date of the proposed meeting (or lesser if otherwise agreed or in cases of emergency) and provided further that such ). Such meetings can be dispensed with altogether upon the written agreement of both the Council and the BID Company. 10.4 11.5 At each meeting the Monitoring Group shall:-shall: (i) 11.5.1 review the effectiveness of the collection and enforcement of the BID LevyXxxx; and (ii) 11.5.2 if required, review and assess the information provided by the Council and the BID Company pursuant to clauses 10.2 Clauses 11.2 and 11.3 above and make any recommendations for implementation as may be agreed (and which are permitted by the Regulations and the terms of this Agreement). 10.5 11.6 Within 1 (one) month after the date of the end of the Financial Year the Council shall provide the Annual Report to the BID Company. 10.6 The 11.7 Within 1 (one) month from the date of receipt of the Annual Report the BID company Company shall provide the BID Company Company’s Report to the Council two weeks prior to their Annual General MeetingCouncil.

Accounting Procedures and Monitoring. 10.1 11.1 Within 1 (one) month from the Operational Date the Council and BID Company shall form the Monitoring Group. 10.2 In addition to 11.2 Every 3 months (for the information outlined in 7.4, every month or as required, during the duration of BID Term Term) the Council shall provide the BID Company with a breakdown of:-of: (i1) the amount of BID Levy for each individual BID Levy Payer.; (ii2) the BID Levy collected in relation to each BID Levy Payer.; (iii3) details (together with the outstanding unpaid sum) of those BID Levy Payers who have not paid the BID Levy.Levy during those 3 months; (iv4) details of the Reminder Notices issued throughout that period; and (v5) details of any Liability Orders obtained or applied for by the Council; 11.3 Every 3 months (for the BID Term) the BID Company shall provide the Council with the following details: 11.3.1.1 the total amount of BID Levy received 11.3.1.2 the total amount of income received from the Contributors (excluding the BID Levy) 11.3.1.3 the total expenditure during that 3 month period. 10.3 11.4 The Monitoring Group shall meet no less than once twice in any one Financial Year and on all other occasions further meetings of the Monitoring Group shall be arranged by the service of written notice by either party on the other, such notice to be provided no less that than [28 (twenty eight) )] days prior to the date of the proposed meeting (or lesser if otherwise agreed or in cases of emergency) and provided further that such meetings can be dispensed with altogether upon the written agreement of both the Council and the BID Company. 10.4 11.5 At each meeting the Monitoring Group shall:-shall (i) 11.5.1.1.1 review the effectiveness of the collection and enforcement of the BID Levy; and (ii) 11.5.1.1.2 if required, review and assess the information provided by the Council pursuant to clauses 10.2 above and make any recommendations for implementation as may be agreed (and which are permitted by the Regulations and the terms of this Agreement). 10.5 Within 1 (one) month after the date of the end of the Financial Year the Council shall provide the Annual Report to the BID Company. 10.6 The BID company shall provide the BID Company Report pursuant to the Council two weeks prior to their Annual General Meeting.Clauses 10.2 and

Accounting Procedures and Monitoring. 10.1 10.1. Within 1 (one) month from the Operational Date the Council and BID Company 1st April 2013the parties shall form set up the Monitoring Group. 10.2 In addition to 10.2. Upon the information outlined in 7.4, expiry of April 2013 and every month or as required, during thereafter (for the duration of BID Term Term) the Council shall provide the BID Company with a breakdown of:-with: (i) 10.2.1. the amount of the BID Levy for each individual BID Levy Payer.; (ii) 10.2.2. the amount of the BID Levy collected in relation to for each BID Levy Payer.; (iii) 10.2.3. details (together with the outstanding unpaid sum) of those BID Levy Payers who have not paid the BID Levy; 10.2.4. details of Reminder Notices issued; 10.2.5. details of Liability Orders made or applied for; 10.2.6. details of agreements made, if any, between the Council and BID Levy Payers where it has been agreed that payment of a Demand Notice can be made over a period of 3 (three) months or more from the date of such Demand Notice. (iv) details 10.3. Upon the expiry of the Reminder Notices issued throughout that period; andsixth month of the BID Term and every 6 (six) months thereafter (for the duration of the BID Term) the BID Company shall provide the Council in respect of those 6 (six) month periods with: (v) details 10.3.1. the amount of any Liability Orders obtained or applied for BID Levy received from the Council by the CouncilBID Company; 10.3.2. the amount received by the BID Company from Contributors excluding BID Levy Payers; 10.3.3. the total expenditure of the BID Company. 10.3 The 10.4. Within one month from 1st April 2013 the parties shall agree the dates when there will be meetings of the Monitoring Group shall meet no less than once and there will be at least two such meetings in any one each Financial Year (throughout the duration of the BID Term) and on all other occasions further meetings of the Monitoring Group shall be arranged by the service of written notice by either party on the other, other such notice to be provided no less that than 28 (twenty eight) days prior to the date of the proposed meeting (or lesser if otherwise agreed or in cases of emergency) and provided further that such meetings can be dispensed with altogether upon the written agreement of both the Council and the BID Company. 10.4 10.5. At each meeting the Monitoring Group shall:-shall: (i) 10.5.1. review the effectiveness of the collection and enforcement of the BID Levy; and (ii) 10.5.2. if required, required by either party review and assess the information provided by the Council parties pursuant to clauses Clauses 10.2 and 10.3 above and make any recommendations for implementation as may be agreed (and which provided they are permitted by the Regulations and the terms of this Agreement). 10.5 10.6. Within 1 2 (onetwo) month months after the date of the end of the each Financial Year (for the duration of the BID Term) the Council shall provide the an Annual Report to the BID Company. 10.6 The 10.7. Within 1 (one) month from the date of receipt of the Annual Report in each financial year (for the duration of the BID company Term) the BID Company shall provide the a BID Company Report to the Council two weeks prior to their Annual General MeetingCouncil.

Accounting Procedures and Monitoring. 10.1 6.1 Within 1 (one) month from the Operational Date the Council and BID ABID Company shall form the Monitoring Group. 10.2 In addition to the information outlined in 7.4, every month or as required, 6.2 Each quarter during the BID Term the Council shall provide the BID ABID Company with a breakdown of:- (i) report in a way of a spreadsheet, which shall include:- • the amount of BID Levy for each individual BID Levy Payer. (ii) ; • the BID Levy Xxxx collected in relation to each BID Levy Payer. (iii) ; • details (together with the outstanding unpaid sum) of those BID Levy Payers who have not paid the BID Levy. (iv) Xxxx; • details of the Reminder Notices issued throughout that period; and (v) and • details of any Liability Orders obtained or applied for by the Council. 10.3 6.3 The Monitoring Group shall meet no less than once quarterly in any one each Financial Year and on all other occasions further as may be required. Further meetings of the Monitoring Group shall be arranged by the service of written notice by either party on the other, such notice to be provided no less that than 28 (twenty eight) days prior to the date of the proposed meeting (or after such lesser if period as may otherwise be agreed or in cases of emergency) and provided further that such meetings can be dispensed with altogether upon the written agreement of both the Council and the BID Company. 10.4 6.4 At each meeting meeting, the Monitoring Group shall:- (i) shall: • review the effectiveness of the collection and enforcement of the BID LevyXxxx; and (ii) if required, review and assess • reviewing the information provided by progress in achieving the Council pursuant to clauses 10.2 above and make any recommendations for implementation as may be agreed (and which are permitted by objectives set out in the Regulations and the terms of this Agreement)BID Arrangements. 10.5 6.5 Within 1 (one) month after the date of the end of the Financial Year the Council shall provide the Annual Report to the BID Company. 10.6 6.6 The BID company Company shall provide the BID Company Report to the Council two weeks prior to their Annual General Meeting.

Accounting Procedures and Monitoring. 10.1 11.1 Within 1 (one) month 2 months from the Operational Date the Council and BID Company shall form the Monitoring Group. 10.2 In addition to 11.2 Every month for the information outlined in 7.4, every month or as required, during the duration of BID Term the Council shall provide the BID Company with a breakdown of:- (i) 1. the amount of BID Levy Xxxx for each individual BID Levy Payer.; (ii) 2. the BID Levy Xxxx collected in relation to each BID Levy Payer.; (iii) 3. details (together with the outstanding unpaid sum) of those BID Levy Payers who have not paid the BID Levy.Xxxx during those 2 months; (iv) 4. details of the Reminder Notices issued throughout that period; and (v) 5. details of any Liability Orders Summary Warrants obtained or applied for by the Council. 10.3 11.3 Every 6 months (for the BID Term) the BID Company shall provide the Council with the following details: 11.3.1 the total amount of income received from the Contributors (excluding the BID Xxxx); and 11.3.2 the total expenditure during that 6 month period. 11.4 The Monitoring Group shall meet no not less than once in any one Financial Year and on all other occasions further meetings of the Monitoring Group shall be arranged by the service of written notice by either party on the other, such notice to be provided no less that than 28 (twenty eight) days prior to the date of the proposed meeting (or lesser if otherwise agreed or in cases of emergency) and provided further that such meetings can be dispensed with altogether upon the written agreement of both the Council and the BID Company. 10.4 11.5 At each meeting the Monitoring Group shall:-shall: (i) 1. review the effectiveness of the collection and enforcement of the BID LevyXxxx; and (ii) 2. if required, review and assess the information provided by the Council and the BID Company pursuant to clauses 10.2 Clauses 11.2 and 11.3 above and make any recommendations for implementation as may be agreed (and which are permitted by the Regulations and the terms of this Agreement). 10.5 Within 1 (one) month after the date of the end of the Financial Year the Council shall provide the Annual Report to the BID Company. 10.6 The BID company shall provide the BID Company Report to the Council two weeks prior to their Annual General Meeting.

Accounting Procedures and Monitoring. 10.1 Within 1 (one) month from the Operational Date the Council and BID Company shall form the Monitoring Group. 10.2 In addition to the information outlined in 7.4, 7.4 every month or as required, during 3 months (for the duration of BID Term Term) the Council shall provide the BID Company with a breakdown (where reasonably practical subject to the information provided by its software) of:- (i) the amount of BID Levy for each individual BID Levy Payer.; (ii) the BID Levy collected in relation to each BID Levy Payer.; (iii) details (together with the outstanding unpaid sum) of those BID Levy Payers who have not paid the BID Levy.Levy during those 6 months; (iv) details of the Reminder Notices issued throughout that period; and (v) details of any Liability Orders obtained or applied for by the Council.; 10.3 The Monitoring Group shall meet no less than once in any one Financial Year and on all other occasions further meetings of the Monitoring Group shall be arranged by the service of written notice by either party on the other, such notice to be provided no less that than 28 (twenty eight) days prior to the date of the proposed meeting (or lesser if otherwise agreed or in cases of emergency) and provided further that such meetings can be dispensed with altogether upon the written agreement of both the Council and the BID Company. 10.4 At each meeting the Monitoring Group shall:-shall: (i) review the effectiveness of the collection and enforcement of the BID Levy; and (ii) if required, review and assess the information provided by the Council pursuant to clauses Clause 10.2 above and make any recommendations for implementation as may be agreed (and which are permitted by the Regulations and the terms of this Agreement). 10.5 Within 1 (one) month after the date of the end of the Financial Year the Council shall provide the Annual Report to the BID Company. 10.6 The BID company shall provide the BID Company Report to the Council two weeks prior to their Annual General Meeting.