Annual Audited Statement Sample Clauses
Annual Audited Statement. Within ninety (90) Days following the end of each Contract Year, the Contractor, at its own cost and expense, shall provide to the Airports Authority the schedules showing Gross Receipts from its Airport operation, Percentage of Gross Receipts Fees paid, and the total number of gallons of Aviation Fuel and revenue paid for the Contract Year. The Contractor’s Annual Audited Statement shall also include an examination and certification of such schedules by an independent certified public accountant and a statement from that accountant that, in its opinion, such receipts and fees have been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) and under the terms and conditions of this Contract including, without limitation, the definition of Gross Receipts set forth in Section 5.02 herein. Such statements shall also contain a list of the Gross Receipts, by month, as shown on the books and records of the period covered by the Annual Audited Statement. The Airports Authority reserves the right to reject the Contractor’s choice of independent CPA if said independent CPA does not, in the Airports Authority’s view, have the appropriate standing and reputation.
Annual Audited Statement. A complete financial statement outlining the financial status of the Project, which shall also include a computation of Net Profit, Allowable Net Profit, and Annual Gross Revenue, prepared annually by the Entity’s certified public accountant. The contents of each Annual Audited Statement shall be prepared in conformity with Generally Accepted Accounting Principles, the Exemption Law, and this Agreement.
Annual Audited Statement. As soon as practicable and in any event within one hundred twenty (120) days after the end of each fiscal year, statements of income, retained earnings and cash flows of Borrower for the just-ended fiscal year, and a balance sheet of Borrower as of the end of such year, setting forth in each case in comparative form corresponding figures from the preceding fiscal year, all in reasonable detail and reasonably satisfactory in scope to Lender and accompanied by an unqualified opinion from the present independent certified public accountants of Borrower or by such other firm of independent certified public accountants as may be designated by Borrower and be satisfactory to Lender, which opinion shall state that such financial statements (i) fairly present the financial condition and the results of operations of Borrower, (ii) have been prepared in accordance with generally accepted accounting principles consistently applied, and (iii) result from an examination by such accountants made in accordance with generally accepted auditing standards, including such tests of the accounting records and other auditing procedures as were considered necessary in the circumstances;
Annual Audited Statement. The Second Party shall prepare and submit an annual audited statement consisting of details such as balance sheet, income and expenditure statement, receipts and payments account, notes on accounts, statutory auditor’s report and any other information as may be specified by First Party as and when it is finalised or published.
Annual Audited Statement. For so long as the Entity owns the Project and within ninety (90) Days after the close of each fiscal or calendar year (depending on the Entity’s accounting basis) that this Financial Agreement shall continue in effect, commencing for the year in which the Project first achieves Substantial Completion, the Entity shall submit to the Mayor of the City, the Governing Body, and the City Clerk, its Annual Audited Statement for the preceding fiscal or calendar year in accordance with the Exemption Law. The report shall clearly identify and calculate the Net Profit for the Entity during the previous fiscal year. The Entity assumes all costs associated with preparation of the Annual Audited Statements.
Annual Audited Statement. In addition to the foregoing unaudited statements, within 75 days after the close of each fiscal year of Franchise Owner, Franchise Owner shall furnish to Franchisor, at Franchise Owner's expense, an audited statement of income and retained earnings of Franchise Owner for such fiscal year and an audited balance sheet of Franchise Owner as of the end of such fiscal year, all prepared in accordance with generally accepted accounting principles and certified to by a certified public accountant.
Annual Audited Statement. As soon as practicable and in any event within ninety-five (95) days after the end of each fiscal year, statements of income, retained earnings and cash flows of Borrower for the just-ended fiscal year, and a balance sheet of Borrower as of the end of such year, setting forth in each case in comparative form corresponding figures from the preceding fiscal year, all in reasonable detail and reasonably satisfactory in scope to Lender and accompanied by an unqualified opinion from the present independent certified public accountants of Borrower or by such other firm of independent certified public accountants as may be designated by Borrower
Annual Audited Statement