Audited Statement. Invoices for the actual determination of the Tenant's Proportionate Share of Operating Costs shall be accompanied by an audited statement of such Operating Costs.
Audited Statement. Any holder, insurer or guarantor of a First Mortgage shall be entitled, upon written request, to an audited financial statement for the immediately preceding fiscal year, free of charge to the party so requesting. Such statement shall be furnished within a reasonable time following such request.
Audited Statement. Audited Statements verified by an Approved Auditor can be expensive and administratively burdensome to produce. You must determine whether the Audited Statement is required based on the level of risk involved in the particular activity. Generally, an Audited Statement will be required if payment is greater than $500,000 per annum. [Option 1: write “Not used”] [Option 2: write “Your Organisation agrees to provide the Agency an audited statement acquitting Your Organisation’s use of the Grant for each Financial Year on or before 31 October of the relevant Financial Year (the “Audited Statement”). The Audited Statement is to be prepared by an Approved Auditor in accordance with Australian Auditing Standards and is to verify that:
(i) Your Organisation’s Annual Acquittal Statement has been prepared in accordance with Australian Accounting Standards; and
(ii) the Grant has been expended for the Activity in accordance with the Agreement, including any approved variations to it.]
Audited Statement. Audited Statements verified by an Approved Auditor can be expensive and administratively burdensome to produce. You must determine whether the Audited Statement is required based on the level of risk involved in the particular activity. Generally, an Audited Statement will be required if payment is greater than $500,000 per annum. [Option 1: write “Not used”] [Option 2: write “Your Organisation agrees to provide the Agency an audited statement acquitting Your Organisation’s use of the Grant for each Financial Year on or before 31 October of the relevant Financial Year (the “Audited Statement”). The Audited Statement is to be prepared by an Approved Auditor in accordance with Australian Auditing Standards and is to verify that: Your Organisation’s Annual Acquittal Statement has been prepared in accordance with Australian Accounting Standards; and the Grant has been expended for the Activity in accordance with the Agreement, including any approved variations to it.] Your Organisation acknowledges and agrees to notify the Agency of: Alleged Misconduct or Serious Incidents, to be notified immediately: changes to the name, address and contact details, material changes to Your Organisation’s constitution and articles of association (however described) or any Change in Control, to be notified as soon as practicable; action or proposed action regarding an Insolvency Event or external administration, to be notified immediately; and financial assistance from another governmental authority in relation to the Activity (that is not a Co-contribution), to be notified within 10 Business Days. [Option 1: write “Not used”] [Option 2: write [Your Organisation agrees to provide the Agency with the following additional reports:” [insert details of other reports such as data sets].] The maximum amount of the Grant payable for the Activity Period is: [insert]. [Option 1 – where no indexation] $[inset amount] [inclusive/exclusive] of GST] Indexation: [where indexation is applied “the Grant payable for each year of the Activity Period will be adjusted by the rate of indexation as advised by the Agency from time to time” OR write “the Grant is not subject to indexation”]. [2019/20] – [insert amount] [inclusive/exclusive of GST]; [2020/21] – the amount of the Grant provided in [2018/19][, plus any approved indexation]; [2021/22] – the amount of the Grant provided in [2019/20][, plus any approved indexation.] Your Organisation is required to ensure that the Grant is held in an Austr...
Audited Statement. The consolidated balance sheets of the ----------------- Borrower and its Subsidiaries as of December 31, 1997, December 31, 1998 and December 31, 1999, and the related consolidated statements of income, changes in shareholders' equity and cash flows for the period then ended, certified by Ernst & Young heretofore delivered to the Administrative Agent and each of the Lenders, fairly present in all material respects the consolidated financial condition of the Borrower and its Consolidated Subsidiaries and the consolidated results of operations and cash flows as of the date and for the periods referred to therein and have been prepared in accordance with GAAP. There are no liabilities, direct or indirect, fixed or contingent, of the Borrower or any of its Consolidated Subsidiaries as of the date of such balance sheet which are material (in relation to the financial condition or operations of the Borrower and its Consolidated Subsidiaries) that are not reflected therein or in the notes thereto. There has been no adverse change in the financial condition or operations of the Borrower or any of its Consolidated Subsidiaries since the date of such balance sheet, and there has been no other adverse change in the Borrower, which is, in either case, material (in relation to the financial condition or operations of the Borrower and its Consolidated Subsidiaries).
Audited Statement. An audited financial statement for the Project must be submitted to the Grantor if the Grant Funds expended are more than $50,000. The audit may be included in the annual audit of the State or Local government (if applicable) in the financial year in which the Project is completed, and submitted on completion of that audit. Other acquittal documents, described in item 3 above, must be submitted within forty (40) days of the Completion Date. The audit certification is required to verify the financial statement and compliance with the Agreement.
Audited Statement. Any holder of a First Mortgage shall be entitled, upon written request, to have an audited financial statement for the immediately preceding fiscal year prepared at its expense if one is not otherwise available. Such statement shall be furnished within one hundred twenty (120) days of the Association's fiscal year-end.
Audited Statement. If Owner requests, Manager shall cooperate in obtaining at Owner's expense an opinion on the statement of profit and loss and statement of cash flows rendered by a firm of independent certified public accountants of recognized standing in the hotel industry as approved by Owner and Manager, showing the assets employed in the operation of the Hotel and the liabilities incurred in connection therewith, as of December 31 of such year.
Audited Statement. In the event that adjustments are made as aforesaid, any Pari Passu Distributions during those Fiscal Quarters to Borrower or paid to principal of the Series A Note and Series B Note, respectively with respect to any Fiscal Quarter of such Fiscal Year shall be refunded by Borrower to Lender or by Lender to Borrower, as the case may be.
Audited Statement. Not used.
