Common use of Accounting Records and Financial Statements Clause in Contracts

Accounting Records and Financial Statements. (a) The Trustee shall at all times keep, or cause to be kept, proper books of record and account as shall be consistent with prudent corporate trust industry practice, in which complete and accurate entries shall be made of all transactions relating to the proceeds of Bonds, the Revenues, the Agreement and all funds established pursuant to this Indenture. Such books of record and account shall be available for inspection by the Authority, the Company, the Bank and any bondholder, or his agent or representative duly authorized in writing, at reasonable hours and under reasonable circumstances upon prior written notice. (b) The Trustee shall within 30 days after the end of each month furnish to the Company a monthly statement (which need not be audited) covering receipts, disbursements, allocation and application of Revenues and any other moneys (including proceeds of Bonds) in any of the funds and accounts established pursuant to this Indenture for such month.

Appears in 1 contract

Samples: Trust Indenture (Vermont Pure Holdings LTD)

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Accounting Records and Financial Statements. (a) The Trustee shall at all times keep, or cause to be kept, proper books of record and account as shall be consistent with prudent corporate trust industry practice, in which complete and accurate entries shall be made of all transactions relating to the proceeds of Bonds, the Revenues, the Loan Agreement and all funds established pursuant to this Indenture. Such books of record and account shall be available for inspection by the Authority, the Company, the Bank and any bondholderBondholder, or his agent or representative duly authorized in writing, at reasonable hours and under reasonable circumstances upon prior written notice.circumstances (b) The Trustee shall within 30 thirty (30) days after the end of each month furnish to the Company a monthly statement (which need not be audited) covering receipts, disbursements, allocation and application of Revenues and any other moneys money (including proceeds of Bonds) in any of the funds and accounts established pursuant to this Indenture for such month.

Appears in 1 contract

Samples: Loan Agreement (Gateway Trade Center Inc.)

Accounting Records and Financial Statements. (aA) The Trustee shall at all times keep, or cause to be kept, proper books of record and account as shall be consistent with prudent corporate trust industry practice, in which complete and accurate entries shall be made of all transactions relating to the proceeds of Bonds, the Revenues, the Agreement and all funds established pursuant to this Indenture. Such books of record and account shall be available for inspection by the AuthorityBoard, the Company, the Bank and any bondholder, or his agent or representative duly authorized in writing, at reasonable hours and under reasonable circumstances upon prior written noticecircumstances. (bB) The Trustee shall within 30 days after the end of each month furnish to the Company a monthly statement (which need not be audited) covering receipts, disbursements, allocation and application of Revenues and any other moneys (including proceeds of Bonds) in any of the funds and accounts established pursuant to this Indenture for such month.

Appears in 1 contract

Samples: Trust Indenture (Central Sprinkler Corp)

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Accounting Records and Financial Statements. (aA) The Trustee shall at all times keep, or cause to be kept, proper books of record and account as shall be consistent with prudent corporate trust industry practice, in which complete and accurate entries shall be made of all transactions relating to the proceeds of Bonds, the Revenues, the Agreement and all funds established pursuant to this Indenture. Such books of record and account shall be available for inspection by the Authority, the Company, the Bank and any bondholder, or his agent or representative duly authorized in writing, at reasonable hours and under reasonable circumstances upon prior written noticecircumstances. (bB) The Trustee shall within 30 days after the end of each month furnish to the Company a monthly statement (which need not be audited) covering receipts, disbursements, allocation and application of Revenues and any other moneys (including proceeds of Bonds) in any of the funds and accounts established pursuant to this Indenture for such month.

Appears in 1 contract

Samples: Trust Indenture (Nutrition Management Services Co/Pa)

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