ACCOUNTS, RECORDS AND REPORTS Sample Clauses

ACCOUNTS, RECORDS AND REPORTS. The Trustee will keep accurate records reflecting its administration of the Trust Fund and will make such records available to the Employer for review and audit At the request of the Employer, the Trustee will, within 90 days of such request, file with the Employer an accounting of its administration of the Trust Fund during such period or periods as the Employer determines. The Employer will review the accounting and notify the Trustee within 90 days if the report is disapproved, providing the Trustee with, a written description of the items in question. The Trustees will have 60 days to provide the Employer with a written explanation of the items in question. If the Employer again disapproves of the report, the Trustee will file its accounting in a court of competent jurisdiction for audit and adjudication.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
ACCOUNTS, RECORDS AND REPORTS. (a) The Grantee covenants to keep proper books of record and account in which full, true and correct entries will be made of all financial activities of the Grantee in accordance with generally accepted accounting principles, consistently applied; and to provide to the Grantor within nine months of Grantee’s fiscal year-end, a copy of the financial statements of the Grantee consisting of a balance sheet; a statement of revenues, expenses, and changes in net assets; and a cash flow statement set forth in reasonable detail and accompanied by, an audit report by an independent certified public accountant stating that they have been prepared in accordance with generally accepted accounting principles. If this fund is included in the financial statements of a larger entity (such as a Council of Government or a City), the fund must be specifically identifiable in those financial statements and presented separately. (b) At any time during normal business hours and as frequently as is deemed necessary, the Grantee shall make available to the Authority, its auditor or the State Auditor, for their examination, all of its records pertaining to all matters covered by this agreement and permit these parties to audit, examine, make excerpts or transcripts from such records, contract, invoices, payrolls, personnel records, conditions of employment, and all other matters in connection with the Grant made under this Agreement. (c) All records pertaining to this Agreement and the Grant shall be retained for a period of three (3) years beginning with the date upon which the final disbursement under this Agreement is made. All records shall be retained beyond the three (3) year period if audit findings have not been resolved within that period. Records for nonexpendable property acquired under this Agreement shall be retained for three (3) years after the final disposition of such property. (d) There are two reporting periods each year, January 1 through June 30 and July 1 through December 31. During each year for which any of the Grant proceeds were used, the Grantee shall submit the following reports to the Authority within 15 of the end of each reporting period: (1) an Activity Status Report as set forth in Exhibit C attached hereto; and (2) a semi-annual Financial Report, as set forth in Exhibit D attached hereto. (e) The Authority reserves the right to require more frequent submission of the reports specified in paragraph (d) above if, in its opinion, more frequent submi...
Sample 1Sample 2Sample 3
ACCOUNTS, RECORDS AND REPORTS. A. UNIFORM ACCOUNTING SYSTEM HMA uses the operating information provided by its Dealers to develop composite operating statistics which are useful to Dealers and to HMA in business management. In order for such information to be useful, however, Hyundai Dealers must submit data which is accurate and based on uniform accounting procedures. Accordingly, DEALER agrees to maintain a uniform accounting system designated by HMA, and in accordance with the Hyundai Accounting Manual, as amended from time to time. In addition, DEALER will furnish to HMA, by the tenth (10th) of each month, in a format prescribed by HMA, a complete and accurate financial and operating statement covering the preceding month and calendar year-to-date operations. DEALER will also promptly furnish to HMA a copy of any adjusted financial or operating statement prepared by or for DEALER.
Sample 1Sample 2
ACCOUNTS, RECORDS AND REPORTS. 1. Manager will cause the Debtor to maintain Debtor's bank accounts and deposit into those accounts all monies received from the operation of the Business; will disburse the same only in connection with the operation of the Business; will not commingle such monies with other funds of Manager or others; and will hold such monies for the benefit of Debtor in accordance with the provisions of this Agreement. 2. Manager shall cause the Debtor to keep full and adequate books of account and such other records in compliance with Debtor's past practice and industry standards and as are necessary or advisable to reflect correctly and completely the results of the operation of the Business. 3. Manager will cause the Debtor to deliver detailed statements of receipts, disbursements, accruals, assets, liabilities, and results of store operations in such detail and at such time or times as shall be reasonably required by Debtor to satisfy its financial reporting requirements. If this Agreement is terminated, Manager will deliver to Debtor, DIP Lenders and the Committee at Debtor's sole cost and expense a financial statement for the Operating Period, as certified by Manager's independent auditor, within 45 days of the end of the Operating Period, as well as copies of all books, records, reports, documents and other media of an kind or nature generated during the Operating Period in connection with this Agreement. 4. Upon reasonable advance written notice, Manager shall cause Debtor to provide reasonable access to the DIP Lenders and the Committee, and their accountants, attorneys and agents, to the books and records of the Business at mutually agreeable times during the Operating Period. 5. Debtor shall have access to the books and records of the Business.
Sample 1
ACCOUNTS, RECORDS AND REPORTS. Section 5.01: The Executing Agency shall keep strict budgetary control over the funds allocated to it by ITTO for the purpose of implementing the Project, and shall keep such funds, until the time of their actual disbursement, in a separate [dollar] bank account with a bank of commonly recognized high reputation.
Sample 1
ACCOUNTS, RECORDS AND REPORTS. A. UNIFORM ACCOUNTING SYSTEM DISTRIBUTOR uses the operating information provided by its dealers to develop composite operating statistics which are useful to dealers and to DISTRIBUTOR in assessing DEALER's progress in meeting its obligations hereunder and to provide a basis for recommendations which DISTRIBUTOR may make to DEALER from time to time to assist it in improving its dealership operations. It is necessary, therefore, that authorized dealers provide information which is true and accurate and based upon common accounting principles. Accordingly, DEALER agrees to maintain a uniform accounting system designated by DISTRIBUTOR, and in accordance with the Toyota Accounting Manual, as amended from time to time. In addition, DEALER agrees that it will furnish to DISTRIBUTOR, by the tenth (10th) of each month, in a format prescribed by DISTRIBUTOR, a complete and accurate financial and operating statement covering the preceding month and calendar year-to-date operations and showing the true and accurate condition of DEALER's business. DEALER shall also promptly furnish to DISTRIBUTOR a copy of any adjusted financial or operating statement prepared by or for DEALER.
Sample 1
ACCOUNTS, RECORDS AND REPORTS 
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs

Related to ACCOUNTS, RECORDS AND REPORTS

  • Records and Reports The contractor shall keep such records as necessary to document compliance with the EEO requirements. Such records shall be retained for a period of three years following the date of the final payment to the contractor for all contract work and shall be available at reasonable times and places for inspection by authorized representatives of the contracting agency and the FHWA. a. The records kept by the contractor shall document the following: (1) The number and work hours of minority and non- minority group members and women employed in each work classification on the project; (2) The progress and efforts being made in cooperation with unions, when applicable, to increase employment opportunities for minorities and women; and (3) The progress and efforts being made in locating, hiring, training, qualifying, and upgrading minorities and women; b. The contractors and subcontractors will submit an annual report to the contracting agency each July for the duration of the project, indicating the number of minority, women, and non-minority group employees currently engaged in each work classification required by the contract work. This information is to be reported on Form FHWA-1391. The staffing data should represent the project work force on board in all or any part of the last payroll period preceding the end of July. If on-the-job training is being required by special provision, the contractor will be required to collect and report training data. The employment data should reflect the work force on board during all or any part of the last payroll period preceding the end of July.

  • ACCESS TO RECORDS AND REPORTS The Contractor must maintain an acceptable cost accounting system. The Contractor agrees to provide the Sponsor, the Federal Aviation Administration, and the Comptroller General of the United States or any of their duly authorized representatives access to any books, documents, papers, and records of the contractor which are directly pertinent to the specific contract for the purpose of making audit, examination, excerpts and transcriptions. The Contractor agrees to maintain all books, records and reports required under this contract for a period of not less than three years after final payment is made and all pending matters are closed.

  • Records and Reporting 6.1 The ISA shall maintain books, records, documents, and other evidence in accordance with the ISA’s applicable accounting policies and procedures to substantiate the use of the ISA Funds, including with respect to each originating Window. 6.2 Unless the Parties and the Steering Committee agree otherwise, all financial accounts and reports related to the ISA Funds shall be expressed in United States dollars. The provision of reports by the ISA shall continue until the last reports include the full period ending after the completed use or return of all funds received from, or generated by funds from, the Trust Fund. 6.3 Within thirty (30) days after the end of each six-month period, or such other frequency as agreed with the Trustee, on an Allocation by Allocation basis and with respect to originating Windows, the ISA shall provide the following information to the Trustee, prepared in accordance with the ISA’s applicable policies and procedure concerning accounting and reporting, substantially in the form of Annex 4 attached hereto: (i) an approval report reporting any Completion Notifications that were notified to the Trustee under Section 1.3; (ii) an investment income report reporting any investment income earned on Concessionality Amounts and Project Costs amounts; (iii) a disbursement report reporting use of Concessionality Amounts for disbursements related to Underlying Operations; (iv) a cancellation report reporting any cancellations that were notified to the Trustee under Section 1.5; and (v) a financial closure report after all funds received from, or generated by funds from, the Trust Fund have been used or returned. 6.4 The ISA shall provide financial and progress reporting in accordance with the Operations Manual. 6.5 Upon signature of this Financial Procedures Agreement, the ISA shall provide the Trustee with a list containing the names and signatures of duly authorized officers of the ISA under this Financial Procedures Agreement, in a format agreed with the Trustee, provided that this list shall be revised as applicable over time and kept current at all times.

  • Accounts and Reports The Company shall maintain a standard system of accounting in accordance with generally accepted accounting principles consistently applied and provide, at its sole expense, to the Secured Party the following: (a) as soon as available, a copy of any notice or other communication alleging any nonpayment or other material breach or default, or any foreclosure or other action respecting any material portion of its assets and properties, received respecting any of the indebtedness of the Company in excess of $15,000 (other than the Obligations), or any demand or other request for payment under any guaranty, assumption, purchase agreement or similar agreement or arrangement respecting the indebtedness or obligations of others in excess of $15,000, including any received from any person acting on behalf of the Secured Party or beneficiary thereof; and (b) within fifteen (15) days after the making of each submission or filing, a copy of any report, financial statement, notice or other document, whether periodic or otherwise, submitted to the shareholders of the Company, or submitted to or filed by the Company with any governmental authority involving or affecting (i) the Company that could have a Material Adverse Effect; (ii) the Obligations; (iii) any part of the Pledged Collateral; or (iv) any of the transactions contemplated in this Agreement or the Loan Instruments.

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