Accounting & Reporting. 10.1 The Licensee shall at all times maintain at its principal place of business within Jordan, proper, accurate, and up-to-date accounting books in accordance with accounting practices applicable in Jordan. All financial information submitted by the Licensee to the TRC for any purpose shall be prepared and presented in accordance with accounting standards applicable in Jordan or as directed by the TRC, provided that such direction does not result in any unreasonable additional costs being incurred by the Licensee.
10.2 Upon request, the TRC shall have reasonable access during normal business hours to the books and records of the Licensee in accordance with the provisions of the Telecommunications Law.
10.3 To the extent required by the TRC, the Licensee shall keep separate accounting by service and/or lines of business according to Regulations issued for such a purpose by the TRC.
Accounting & Reporting. Operator, either directly or through its designee, will maintain accounting records, prepare and pay payrolls, maintain and discharge working capital lines of credit and perform required administrative duties related to the Business. Operator will keep Owner fully informed of the status of the Business and its financial condition. Operator will maintain the books of account, ledgers and records relating to the Business, including paying and receiving monies, billing, tax return preparation and contract coordination. Operator will prepare accounting reports and financial statements (including balance sheets, income statements and statements of cash flows) on no less often than a monthly basis, and will provide those reports and statements to Owner on or before the 10th day of the subsequent month. All accounting records will be maintained on a GAAP basis, consistently applied. Operator also will provide Owner with weekly "flash reports" in the form as currently prepared in connection with the Business, a form of which is attached as Exhibit C. Operator will maintain separate, complete and accurate books of account relating to the Business with entries for all receipts and expenditures made by or on behalf of the Business. The books of account will open to inspection by any officer, director or designee of Owner at any time during normal business hours. Operator also will prepare and submit from time to time to Owner or its designee, utility company billing material at the premises such other reports, returns, notices or other filings as may be appropriate in the conduct of the Business.
Accounting & Reporting. Each Party shall use its respective reasonable efforts to take, or cause to be taken, all action to do, or cause to be done, and to assist and co-operate with the other Parties in doing, all things necessary, proper or advisable (including without limitation voting and/or instructing the member(s) of the Board appointed by the Shareholder in question) to:
7.4.1 cause the books of account and all financial statements of the Company to be maintained in US Dollars and (to the extent permitted by applicable Qatari law) to be prepared in accordance with the requirements of IFRS (prepared on a consistent basis);
7.4.2 ensure that each Shareholder shall have the right, at such Shareholder’s own expense, through representatives which may include internal or external auditors, during normal business hours and with as little interruption as practicable, to:
(i) have access to the Executive Managers, to a reasonable extent; and
(ii) examine, copy and audit any books, records and accounts of the Company, for any reasonable purpose;
7.4.3 cause the Company to furnish each Shareholder with the following information:
(i) within forty-five (45) calendar days after the end of each calendar quarter, a statement of income (loss) and a statement of cash flows for the quarter and for the financial year to date, and a balance sheet as of the end of the quarter, prepared in accordance with IFRS (prepared on a consistent basis), as well as such other operating data, financial information or other information that a Shareholder may reasonably request;
(ii) within ninety (90) calendar days after the end of each calendar year, audited financial statements, including a balance sheet and cash flow statement as of the end of the year and a statement of profit and loss (with schedules showing the calculation thereof) for the year, prepared in accordance with IFRS (prepared on a consistent basis); and
(iii) notwithstanding that such contracts may have been disclosed in an Annual Budget or Business Plan, notice and disclosure of all commercial contracts with an annual value of more than Two Million U.S. Dollars (US $2,000,000) which the Company or one of its Subsidiaries enters into, at the next meeting of the Board following the date on which such contract(s) was/were entered into;
7.4.4 Should the Percentage Interest held by NYSE Euronext fall below ten (10) percent (10%), the special investigation and information rights provided for in Clauses 7.4.2, 7.4.3 shall elapse and terminate, b...
Accounting & Reporting. For so long as Domain may be entitled to receive any NPI Payment hereunder, COC shall provide to such Provider, on or before the last day of each Month, the information contained within the monthly joint interest billing report (“JIB”) generated by COC and provided to each working interest owner for the Contract Area (or the equivalent information contained in any successor document) for the immediately preceding Month including, but not limited to, Hydrocarbon Production, total revenues attributable to such Hydrocarbon Production, royalty and overriding royalty payments and severance taxes. COC shall also provide to Domain total well completion and construction costs on an ongoing basis, as appropriate.
Accounting & Reporting. Payment Magna will make available accounting statements to Owner’s account via email, and will deliver to Owner payment of Net Receipts (if any) to the reporting and payment contact in accordance with paragraph 9 of the Agreement. All statements submitted to Owner shall include, at a minimum, transactional data and revenues generated by the Picture as reported to Magna by each such licensee of the Picture, and all expenses incurred hereunder. Owner shall have the right, upon at least thirty (30) days prior written notice, to audit Magna’s books and records solely related to the Picture, at Magna’s regular place of business and during Magna’s regular business hours. Such right to audit is limited to the Picture, and under no circumstances shall Owner have the right to examine records relating to Magna’s business generally, or with respect to any other titles or content. Such audit shall be conducted by an independent certified accountant at Owner’s sole cost and expense, and not more frequently than once per year. No statement may be audited more than once and no such audit shall be conducted in a manner that unreasonably interferes with Magna’s business.
Accounting & Reporting
