Annual Accounting Statement and Adjustments Sample Clauses

Annual Accounting Statement and Adjustments. Company shall employ an independent certified public accountant who shall provide to FWACAA, within ninety (90) days after each Contract Year during the term of this Agreement, a written statement (the "Annual Accounting Statement") that in its opinion the Total Annual Fees paid by Company to FWACAA during such period was paid in accordance with the terms of this Agreement. Such statement shall contain: (1) a detailed schedule of all revenues by month, itemizing each item of revenue; (2) a detailed schedule of revenues upon which the monthly payments to FWACAA are computed; such schedule shall separately identify any exclusions from Gross Revenue provided for herein; (3) the amount of fees already paid by Company to FWACAA for such Contract Year; and (4) the amount, if any, by which the Total Annual Fees or any other amounts for such Contract Year has been overpaid or underpaid by Company. If such statement indicates that the Total Annual Fees or any other amounts for such Contract Year has been overpaid, then the amount of such overpayment shall be credited by FWACAA to the fees next due and owing from Company, unless the Term hereof has expired, in which event such amount shall be refunded by FWACAA to Company. Such credit or refund shall be issued by FWACAA as soon as reasonably practicable, allowing time for review of the Annual Accounting Statement. Company may not deduct any overpayment from fees owed to FWACAA until credit has been issued. If such statement indicates that the Total Annual Fees or any other amounts for such Contract Year has been underpaid, then Company shall pay to FWACAA within thirty (30) days the amount remaining due for such Contract Year, together with interest thereon at the rate of eighteen percent (18%) per annum from the date such amount should have been paid. Notwithstanding any credit allowed by FWACAA, all annual accounting statements, payments and adjustments are subject to audit and further adjustment as provided in Section 5.4.
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Related to Annual Accounting Statement and Adjustments

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Annual Statements within 105 days after the end of each fiscal year of the Company, duplicate copies of,

  • Annual Statement The Plan Administrator shall provide to the Executive, within one hundred twenty (120) days after the end of each Plan Year, a statement setting forth the benefits to be distributed under this Agreement.

  • Prorations and Adjustments The following shall be prorated and adjusted between Seller and Buyer as of the Closing Date, except as otherwise specified:

  • Annual Accounts A copy of the final audited financial statements including Balance Sheets and Profit and Loss Accounts with associated accounting policies and notes to the accounts within the 10 Months of the end of the accounting period, as per the deadline imposed by Companies House, for Contractors registered in the UK. Where Contractors are not registered with Companies House, they must forward the information detailed in Annex 1. Where Annual Accounts are not signed off, we may request a copy of the latest Financial Year Draft Accounts prior to Annual Accounts being signed off. The draft accounts should include Balance Sheet and Profit and Loss Account with associated accounting policies and notes to the Accounts.

  • Estimates and Reconciliation of Estimates Where estimated expenditures are used to determine the amount of the drawdown, the State will indicate in the terms of the State unique funding technique how the estimated amount is determined and when and how the State will reconcile the difference between the estimate and the State's actual expenditures.

  • Annual Financial Statements Within 90 days after the end of each Fiscal Year, commencing with the Fiscal Year ending December 31, 2011, (i) the consolidated balance sheets of Borrower and its Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income, stockholders’ equity and cash flows of Borrower and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year commencing with the first Fiscal Year for which such corresponding figures are available, all in reasonable detail, together with a Financial Officer Certification and a Narrative Report with respect thereto; and (ii) with respect to such consolidated financial statements a report thereon by an independent certified public accountant (or accountants) of recognized national standing selected by Borrower, and reasonably satisfactory to Administrative Agent (which report and/or the accompanying financial statements shall be unqualified as to going concern and scope of audit, and shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of Borrower and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements) and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards) together with a written statement by such independent certified public accountants stating (1) that their audit examination has included a review of the terms of Section 6.7 of this Agreement and the related definitions, (2) whether, in connection therewith, any condition or event that constitutes a Default or an Event of Default under Section 6.7 has come to their attention and, if such a condition or event has come to their attention, specifying the nature and period of existence thereof, and (3) that nothing has come to their attention that causes them to believe that the information contained in any Compliance Certificate is not correct or that the matters set forth in such Compliance Certificate are not stated in accordance with the terms hereof (which statement may be limited to the extent required by accounting rules or guidelines);

  • Returns and Adjustments Merchants and others who honor your card may give credit for returns or adjustments, and they will do so by sending the Credit Union a credit slip which will be posted to your account. If your credits and payments exceed what you owe the Credit Union, the amount will be applied against future purchases and cash advances. If the credit balance amount is $1.00 or more, it will be refunded upon your written request or automatically after six (6) months.

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