Accounting Reconciliation Sample Clauses

Accounting Reconciliation. Measure/Standard Reporting ID Bank Reconciliation 17.) Monthly report should display all items 0-30, 30-60, 60-90, 90-120, over 120 Days. Non-Reportable Process Information: a. 30 Calendar Days = All items should clear at 30 days b. After 60 Calendar Days = Outstanding items should be referred to IBM IOS management and followed up on until resolved. At that time, all write-offs should be referred to Customer management for approval. c. 20th Calendar Day = Transmitted monthly on the 20th day of the month for the prior calendar month. 17. Reportable Amendment No. 3 August 23, 2006 EXHIBIT 3.2.1 (Continued) Accounting, Reconciliation (Continued) Measure/Standard Reporting ID
Sample 1
AutoNDA by SimpleDocs
Accounting Reconciliation. Promptly following the Closing Date and determination of all balances and proration amounts, the Seller shall provide a current and complete beginning Balance Sheet, proration reconciliation and such other reports and information as may be reasonably requested by Buyer, effective as of the close of business on the Closing Date, in order to substantiate the beginning financial statement balances required for the Seller's SF Restaurants as acquired by MSII and Buyer and to verify and document all closing prorations and other amounts relating to the Seller's SF Restaurants and the prorations and adjustments provided for herein. All necessary prorations and adjustments shall be made in order to insure that all operating and other costs of the Seller's SF Restaurants incurred in connection with and properly allocable to the ownership and operation of the Seller's SF Restaurants as of and prior to the Closing Date shall be borne and paid be Seller, notwithstanding when such cost is actually paid, and all revenues from the Seller's Restaurant to the Closing Date shall be retained by or paid to Seller, and all costs and revenues accruing after the Closing Date shall be borne or received, as applicable, by MSII or Buyer.
Sample 1
Accounting Reconciliation. TRUE-UP. Within ninety (90) days of the end of the Andrx Margin Period or the Impax Margin Period, as applicable, Teva (in the case of the Andrx Margin Period) and Andrx (in the case of the Impax Margin Period) shall provide the other Party with a revised calculation of the Andrx Margin and the Impax Margin, respectively, based on the actual (rather than accrued) amounts described in clauses (a) and (b) of the definition of Net Sales. Any amounts owing by one Party to another as a result of such recalculation shall be paid by the applicable Party within ten (10) days of such report. All such calculations shall be made using the "first in, first out" (FIFO) accounting concept, and not, among other things, any other accounting utilized by the customers. These recalculations shall be subject to review and dispute by the other Party pursuant to Sections 2.5, 2.6 and 2.9 hereof. Such revised calculation shall be accompanied by a certification (in a form substantially similar to that attached in EXHIBIT D) of the chief financial officer of Teva or its Affiliate, Teva Pharmaceuticals U.S.A., Inc. (in the case of the Andrx Margin Period) or of the chief financial officer of Andrx (in the case of the Impax Margin Period) that all information included in such report is complete and accurate, to the best of his knowledge and belief. * Filed under application for confidential treatment.
Sample 1
Accounting Reconciliation. Seller and Buyer have verified and documented all closing prorations and other amounts relating to the Restaurants. All necessary prorations and adjustments have been made in order to insure that all operating and other costs of the Restaurants incurred in connection with and properly allocable to the ownership and operation of the Restaurants prior to the Commencement Date have been borne and paid by Seller, notwithstanding when such cost is actually paid, and all revenues from the Seller's Restaurant to the Commencement Date have been retained by or paid to Seller, and all costs and revenues accruing after the Commencement Date have been borne or received, as applicable, by Buyer.
Sample 1
Accounting Reconciliation. The Management Committee or its designees shall, within forty-five (45) days after the end of each calendar quarter, determine the total amount in the Development Reimbursement Accounts of both parties, if any, and shall direct AGT to pay to GENOVO, or GENOVO to pay to AGT, the amounts necessary to achieve the equal sharing of expenses contemplated by this Section 4.5.
Sample 1
Accounting Reconciliation. The Management Committee or its designees shall, within forty-five (45) days after the end of each calendar quarter, determine the total amount in the Joint Venture Payment Accounts of both parties, if any, and shall apply such total amount to reimburse the parties for the amounts charged to their Commercialization Reimbursement
Sample 1
Accounting Reconciliation. At the Initial Closing, as hereinafter defined, Osage shall pay Sxxxxxx an amount equal to the Net Due on 10/11/2013 as shown on the Accounts Receivable and Revenue Offset Worksheet attached hereto as Exhibit “B”. The Net Due on 10/31/2013 represents Osage’s share of invoices processed through Sxxxxxx’x joint interest billing system through the October 15, 2013 joint interest billing, with credit given to Osage for its share of revenue received by Sxxxxxx from the sale of oil and gas as reflected on Sxxxxxx’x October 15 revenue check write, together with various other adjustments between the parties as set forth therein.
Sample 1
AutoNDA by SimpleDocs

Related to Accounting Reconciliation

  • Accounting Records Maintain adequate books and records in accordance with generally accepted accounting principles consistently applied, and permit any representative of Bank, at any reasonable time, to inspect, audit and examine such books and records, to make copies of the same, and to inspect the properties of Borrower.

  • Post-Closing Reconciliation (i) As promptly as practicable, but no later than ninety (90) days following the Closing Date, Parent will prepare and deliver to the Stockholder Representative a statement (the “Closing Statement”) setting forth Parent’s good faith calculation of: (i) the Selling Expenses; (ii) the Closing Indebtedness; (iii) the Closing Cash; (iv) the Net Working Capital (as of the Measurement Time); (v) the Net Working Capital Adjustment Amount (as of the Measurement Time, in a manner consistent with and using only those specific line items set forth in the Preparation Methodology); (vi) the M&A Costs and the M&A Adjustment; (vii) the Final Provider Relief Adjustment and (viii) the Excess Capital Equipment Adjustment determined pursuant Section ‎ 2.8(a), and based thereon a calculation of the Aggregate Merger Consideration. The Closing Statement and the components thereof (and all calculations of Net Working Capital, the Net Working Capital Adjustment Amount, Closing Cash, Closing Indebtedness, Selling Expenses, M&A Costs, the M&A Adjustment, Final Provider Relief Adjustment and Aggregate Merger Consideration) shall be prepared and calculated in accordance with GAAP, the Preparation Methodology, and the definitions herein, except that the Closing Statement and the components thereof (and all calculations of Net Working Capital, the Net Working Capital Adjustment Amount, Closing Cash, Closing Indebtedness, Selling Expenses, M&A Costs, the M&A Adjustment, Final Provider Relief Adjustment and Aggregate Merger Consideration) shall: (A) not include any purchase accounting or other adjustment arising out of the consummation of the transactions contemplated by this Agreement; be based on facts and circumstances as they exist immediately prior to the Closing and shall exclude the effect of any act, decision or event occurring on or after the Closing except to the extent such act, decision or event provides information about circumstances that existed immediately prior to Closing; and (B) not reflect, directly or indirectly, any additional reserve or accrual that is not reflected on the Latest Balance Sheet, except those that (1) result from material developments occurring after the date of the Latest Balance Sheet but prior to the Closing or (2) would be required to be reflected on the face of a balance sheet prepared in accordance with GAAP, the Preparation Methodology, and the definitions herein. The Parties agree that the purpose of preparing the Closing Statement and components thereof (and all calculations of Net Working Capital, the Net Working Capital Adjustment Amount, Closing Cash, Closing Indebtedness, Selling Expenses, M&A Costs, the M&A Adjustment, Final Provider Relief Adjustment and Aggregate Merger Consideration) is solely to assess the accuracy of the amounts depicted in the Closing Statement and the calculation of the Aggregate Merger Consideration derived therefrom, and such processes are not intended to permit the introduction of different accounting methods, policies, practices, procedures, conventions, categorizations, definitions, principles, judgments, assumptions, techniques or estimation methods with respect to financial statements, their classification or presentation or otherwise (including with respect to the nature of accounts, level of reserves or level of accruals) from those used to calculate the amounts set forth in the Preparation Methodology.

  • Reconciliations On a daily basis, Subadviser shall review reports of the Account's portfolio holdings as provided to Subadviser by the Custodian and shall report as promptly as possible on the same business day to the Custodian and to Client any discrepancies between the prices assigned to the securities in the Account and the prices that Subadviser believes should be assigned to them. On an ongoing basis, Subadviser shall monitor market developments for significant events occurring after the close of the primary markets for particular securities held by the Account that may materially affect their value, and shall promptly notify Client of any such event that comes to Subadviser's attention. On a monthly basis, Subadviser shall reconcile security and cash positions, and market values to the Custodian's records and report discrepancies to Client within ten (10) business days after the end of the month, or within three (3) business days of receipt of the custodial statement, whichever comes later.

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • Accounting Reports (a) By February 20 of each calendar year the General Partner shall provide to the Limited Partner and the Special Limited Partner all tax information necessary for the preparation of their federal and state income tax returns and other tax returns with regard to the jurisdiction(s) in which the Partnership is formed and in which the Project is located.

  • Financial Accounting Practices The Borrower shall, and shall cause each of its Subsidiaries to, make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and maintain a system of internal accounting controls sufficient to provide reasonable assurances that (a) transactions are executed in accordance with management's general or specific authorization, (b) transactions are recorded as necessary (i) to permit preparation of financial statements in conformity with GAAP and (ii) to maintain accountability for assets, (c) access to assets is permitted only in accordance with management's general or specific authorization and (d) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

  • Annual Reconciliation By June 30th of each calendar year, or as soon thereafter as reasonably possible, Landlord shall endeavor to furnish Tenant with an accounting prepared with reasonable detail of actual Operating Expenses and Tax Expenses. Within thirty (30) days of Landlord's delivery of such accounting, Tenant shall pay to Landlord the amount of any underpayment. Notwithstanding the foregoing, failure by Landlord to give such accounting by such date shall not constitute a waiver by Landlord of its right to collect any of Tenant's underpayment at any time. Landlord shall credit the amount of any overpayment by Tenant toward the next Base Rent falling due, or where the Term of the Lease has expired, refund the amount of overpayment to Tenant. If the Term of the Lease expires prior to the annual reconciliation of expenses Landlord shall have the right to reasonably estimate Tenant's Share of such expenses, and if Landlord determines that an underpayment is due, Tenant hereby agrees to pay to Landlord the amount of such underpayment within thirty (30) days after Landlord's delivery of a demand therefor. If Landlord reasonably determines that an overpayment has been made by Tenant, Landlord shall refund said overpayment to Tenant within thirty (30) days after Landlord has made such determination. Notwithstanding the foregoing, failure of Landlord to accurately estimate Tenant's Share of such expenses or to otherwise perform such reconciliation of expenses, including without limitation, Landlord's failure to make a written demand for any underpayment from Tenant, shall not constitute a waiver of Landlord's right to collect any of Tenant's underpayment at any time during the Term of the Lease during the one (1) year period following the last day of the period to which such underpayment relates or at any time during the one (1) year period following the expiration or earlier termination of this Lease.

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”).

  • Other Accounting Reports Promptly upon receipt thereof, a copy of each other report or letter submitted to the Borrower or any of its Subsidiaries by independent accountants in connection with any annual, interim or special audit made by them of the books of the Borrower or any such Subsidiary, and a copy of any response by the Borrower or any such Subsidiary, or the Board of Directors of the Borrower or any such Subsidiary, to such letter or report.

  • Reconciliation of Accounts Any reconciliation of Accounts performed by any party hereto, or any Subservicer or Subcontractor shall be prepared no later than 45 calendar days after the bank statement cutoff date. * * * * * *

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!