Agreements for the Construction of Real Estate Sample Clauses

Agreements for the Construction of Real Estate. References • IAS 1 Presentation of Financial Statements (as revised in 2007) • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors • IAS 11 Construction Contracts • IAS 18 Revenue • IAS 37 Provisions, Contingent Liabilities and Contingent Assets • IFRIC 12 Service Concession Arrangements
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Agreements for the Construction of Real Estate. This Basis for Conclusions accompanies, but is not part of, IFRIC 15.
Sample 1
Agreements for the Construction of Real Estate. REFERENCES paragraphs BACKGROUND 1–3 SCOPE 4–5 ISSUES 6 CONSENSUS 7–21 Determining whether the agreement is within the scope of IAS 11 or IAS 18 10–12 Accounting for revenue from the construction of real estate 13–19 Disclosures 20–21 AMENDMENT TO THE ILLUSTRATIVE EXAMPLES ACCOMPANYING IAS 18 22–23 EFFECTIVE DATE AND TRANSITION 24–25 INFORMATION NOTE Analysis of a single agreement for the construction of real estate ILLUSTRATIVE EXAMPLES BASIS FOR CONCLUSIONS IFRIC Interpretation 15 Agreements for the Construction of Real Estate (IFRIC 15) is set out in paragraphs 1–25. IFRIC 15 is accompanied by an information note, illustrative examples and a Basis for Conclusions. The scope and authority of Interpretations are set out in paragraphs 2 and 7–16 of the Preface to International Financial Reporting Standards. IFRIC Interpretation 15
Sample 1

Related to Agreements for the Construction of Real Estate

  • Governing Law; Construction This Agreement and any claim, counterclaim or dispute of any kind or nature whatsoever arising out of or in any way relating to this Agreement (“Claim”), directly or indirectly, shall be governed by, and construed in accordance with, the laws of the State of New York. The section headings in this Agreement have been inserted as a matter of convenience of reference and are not a part of this Agreement.

  • FAIR CONSTRUCTION & INTERPRETATION The provisions of this Master Contract shall be construed as a whole according to their common meaning and not strictly for or against any party and consistent with the provisions contained herein in order to achieve the objectives and purposes of this Master Contract. Each party hereto and its counsel has reviewed and revised this Master Contract and agrees that the normal rules of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be construed in the interpretation of this Master Contract. Each term and provision of this Master Contract to be performed by either party shall be construed to be both a covenant and a condition.

  • ADDITIONAL CONSTRUCTIONS The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority(ies) except for as provided in the Act.

  • Routine Maintenance, Construction, and Repair The NYISO or Connecting Transmission Owner may interrupt interconnection service or curtail the output of the Small Generating Facility and temporarily disconnect the Small Generating Facility from the New York State Transmission System or Distribution System when necessary for routine maintenance, construction, and repairs on the New York State Transmission System or Distribution System. The NYISO or the Connecting Transmission Owner shall provide the Interconnection Customer with five Business Days notice prior to such interruption. The NYISO and Connecting Transmission Owner shall use Reasonable Efforts to coordinate such reduction or temporary disconnection with the Interconnection Customer.

  • Contract Construction 6.27.1 The parties acknowledge that each party and its counsel have reviewed this CONTRACT and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this CONTRACT or any amendment or exhibits hereto.

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