Accounting Standard Sample Clauses

Accounting Standard. Contractor shall create, maintain and ensure that each Subcontractor creates and maintains, complete and accurate accounting records in accordance with Generally Accepted Accounting Principles (“GAAP”) in the applicable industry.
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Accounting Standard. The term “
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Accounting Standard it refers to the currently effective accounting standard which conforms to the Chinese laws and is universally accepted within China.
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Accounting Standard. Custodian shall keep accurate, complete and detailed accounts of all investments, receipts, disbursements, and other transactions under or relating to this Agreement. Custodian shall provide trade-date accounting with full accruals for assets according to Generally Accepted Accounting Principles. Each Fund Account and Manager Sub-Account shall be accounted for separately. Accounting by Manager. Custodian shall provide separate accounting for each Manager Sub-Account, and consolidated accounts as directed by the Treasurer’s Office or a State Fund Administrative Entity.
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Accounting Standard. All the financial indicators involved in this Assessment Criteria of Contracting Performance shall be subject to the auditor’s report prepared in accordance with the Generally Accepted Accounting Principles (US GAAP). Notwithstanding the foregoing, the Parties acknowledge that the cost of the EBITDA as agreed in this Appendix 3 is calculated with the straight-line amortization method. The accounting of the landlord’s rental cost will not be affected by the change of US GAAP, and it will not be added when calculating EBITDA.
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Accounting Standard. For purposes of determining Percentage Rent and the preparation of all financial statements required to be delivered to Landlord under this Lease, Adjusted Gross Revenues shall be determined on an accrual basis in accordance with GAAP (the “Accounting Standard”). The Accounting Standard shall be consistently applied during the Term and shall be used for the preparation and maintenance by all books and records required to be maintained by or on behalf of Tenant under the terms of this Lease.
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Accounting Standard. The ONTC’s financial statements are prepared in accordance with the standards applicable for government not-for-profit organizations as set out by the Public Sector Accounting Board.
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Accounting Standard. For purposes of determining Gross Sales and the preparation of all financial statements required to be delivered to Landlord under this Lease, Gross Sales shall be determined on an accrual basis in accordance with GAAP (the “Accounting Standard”). The Accounting Standard shall be consistently applied during the Term and shall be used for the preparation and maintenance by all books and records required to be maintained by or on behalf of Tenant under the terms of this Lease.
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Related to Accounting Standard

  • Accounting Standards The Subrecipient agrees to comply with 2 CFR 200 and agrees to adhere to the accounting principles and procedures required therein, utilize adequate internal controls, and maintain necessary source documentation for all costs incurred.

  • Accounting System Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

  • Change in Accounting Principles If, after the date of this Agreement, there shall occur any change in GAAP from those used in the preparation of the financial statements referred to in Section 6.5 hereof and such change shall result in a change in the method of calculation of any financial covenant, standard or term found in this Agreement, either the Borrower or the Required Lenders may by notice to the Lenders and the Borrower, respectively, require that the Lenders and the Borrower negotiate in good faith to amend such covenants, standards, and terms so as equitably to reflect such change in accounting principles, with the desired result being that the criteria for evaluating the financial condition of the Borrower and its Subsidiaries shall be the same as if such change had not been made. No delay by the Borrower or the Required Lenders in requiring such negotiation shall limit their right to so require such a negotiation at any time after such a change in accounting principles. Until any such covenant, standard, or term is amended in accordance with this Section 5.3, financial covenants shall be computed and determined in accordance with GAAP in effect prior to such change in accounting principles. Without limiting the generality of the foregoing, the Borrower shall neither be deemed to be in compliance with any financial covenant hereunder nor out of compliance with any financial covenant hereunder if such state of compliance or noncompliance, as the case may be, would not exist but for the occurrence of a change in accounting principles after the date hereof.

  • Accounting Principles Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, the same shall be done in accordance with GAAP, to the extent applicable, except where such principles are inconsistent with the requirements of this Agreement.

  • Accounting Practice Except as otherwise provided herein, all Mortgage Loan account records must be maintained according to (a) the Uniform Single Attestation Program for Mortgage Bankers and (b) where applicable, sound and generally accepted accounting practices.

  • Accounting Practices All matters concerning this FuturesAccess Fund’s accounting practices shall be determined by the Sponsor on a fair and equitable basis, and all such determinations shall be final and conclusive as to all Investors. However, the Sponsor shall be under no obligation whatsoever to make any deviations from the allocations set forth in this Article II. In reporting Net Asset Values to Investors and third parties on an interim basis, the Sponsor shall be entitled to accrue fees and payments due at the end of a period as if such fees or payments were due (on a pro rata basis, if appropriate) as of the end of an interim period within such period.

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