Accounting Reconciliation Sample Clauses

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
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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. 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. Measure/Standard Reporting ID Measure/Standard Reporting ID
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. 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
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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.

  • 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.

  • Account Reconciliation You will verify and reconcile any out-of-balance condition, and promptly notify the Credit Union of any errors within the time periods established in the Membership and Account Agreement after receipt of your account statement. If notified within such period, the Credit Union shall correct and resubmit all erroneous files, reports, and other data at the Credit Union's then standard charges, or at no charge, if the erroneous report or other data directly resulted from the Credit Union's error.

  • 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 Apartment Housing is located. (b) By March 1 of each calendar year the General Partner shall send to the Limited Partner and the Special Limited Partner: (1) a balance sheet as of the end of such fiscal year and statements of income, Partners' equity and changes in cash flow for such fiscal year prepared in accordance with generally accepted accounting principles and accompanied by an auditor's report containing an opinion of the Partnership's Accountants; (2) a report (which need not be audited) of any Distributions made at any time during the fiscal year, separately identifying Distributions from Net Operating Income for the fiscal year, Net Operating Income for prior years, Sale or Refinancing Proceeds, and reserves; and (3) a report setting forth the amount of all fees and other compensation and Distributions and reimbursed expenses paid by the Partnership for the fiscal year to the General Partner or Affiliates of the General Partner and the services performed in consideration therefor, which report shall be verified by the Partnership's Accountants, with the method of verification to include, at a minimum, a review of the time records of individual employees, the costs of whose services were reimbursed, and a review of the specific nature of the work performed by each such employee, all in accordance with generally accepted auditing standards and, accordingly, including such tests of the accounting records and such other auditing procedures as the Accountants consider appropriate in the circumstances. (c) Within 60 days after the end of each fiscal quarter in which a Sale or Refinancing of the Apartment Housing occurs, the General Partner shall send to the Limited Partner and the Special Limited Partner a report as to the nature of the Sale or Refinancing and as to the Income and Losses for tax purposes and proceeds arising from the Sale or Refinancing.

  • 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 As soon as practicable after the end of each calendar year, Landlord shall prepare and forward to Tenant a statement of the actual Operating Expenses and Common Area Maintenance Expenses for such year. If the total amount Tenant actually paid for estimated Operating Expenses and Common Area Maintenance Expenses is less than Tenant’s Proportionate Share of the Building of the actual Operating Expenses, and Tenant’s Proportionate Share of Common Area Expenses, Tenant shall pay to Landlord as Additional Rent, in one lump sum, the difference between the total amount actually paid by Tenant and the amount Tenant should have paid pursuant to subparagraph (b)(2) above; this lump sum payment shall be made within thirty (30) days of receipt of Landlord’s xxxx therefor; or if the total amount Tenant actually paid for such estimated Operating Expenses and Common Area Maintenance Expenses is more than Tenant’s Proportionate Share of the actual amounts of the expenses, then Landlord shall remit the excess to Tenant within thirty (30) days of making such determination. Tenant’s obligation to pay any increase due over the prior year’s actual Operating Expenses (excluding utilities and snow removal which shall not be subject to the cap), for any calendar year shall be limited to a per annum cumulative increase of five percent (5%), compounded annually. Increases in Taxes and Insurance, set forth in paragraph 4(c) shall not be subject to any limit or “cap”. By way of example only, if the portion of Operating Expenses which is subject to the foregoing limitation (collectively, “Controllable Operating Expenses”) shall be equal to $5.00 per rentable square foot in calendar year 2004, Tenant’s Proportionate Share of those Controllable Operating Expenses may not exceed $5.25 in calendar year 2005, Further, if Tenant’s Proportionate Share of those Controllable Operating Expenses in 2005 equals $5.20 per rentable square foot, then Tenant’s Proportionate Share of Controllable Operating Expenses in 2006 shall not exceed $5.56 (i.e., $5.25 x 1.05 + the cumulative carry forward of $.05 since Tenant’s Proportionate Share of those Controllable Operating Expenses in 2005 was $.05 less than the applicable cap).

  • Estimates and Reconciliation of Estimates Where estimated expenditures are used to determine the amount of the drawdown, the State will indicate in the terms of the State unique funding technique how the estimated amount is determined and when and how the State will reconcile the difference between the estimate and the State's actual expenditures.

  • 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”). (2) Maintain tax lot detail for the Fund’s investment portfolio. (3) Calculate taxable gain/loss on security sales using the tax lot relief method designated by the Trust. (4) Provide the necessary financial information to calculate the taxable components of income and capital gains distributions to support tax reporting to the shareholders.

  • 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.

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