Books Records and Bank Accounts Sample Clauses

Books Records and Bank Accounts. (a) At all times during the term hereof, the Venture shall keep or cause to be kept, at the principal place of business of the Venture or at such other place as the Venture may determine, books and accounting records for the business and operations of the Venture. Such books shall be open to inspection by the Partners, or their authorized representatives, during reasonable working hours upon Fifteen (15) days advance written notice. The accounting for Venture purposes, including the determination of “net profits” and “net losses” shall be in accordance with generally accepted accounting principles consistently applied. The venture shall engage the services of an accountant who shall be selected with the mutual approval of both parties. (b) There shall be maintained for each Partner a capital account and an income account. Each Partner’s distributive share of profits and losses, and monthly and end-of –the-year withdrawals not previously posted shall be credited or debited to the respective Partner’s income account as of the close of the calendar year. Thereafter, any debit or credit balance remaining in the income account of a Partner shall be debited, or credited, as the case may be, to their respective capital account. (c) The Venture shall be on a calendar year basis for accounting purposes (the “tax year”). As soon after the close of each tax year as is reasonably practical, a full and accurate accounting shall be made of the affairs of the Venture as of the close of each tax year. On such accounting being made, the net profit or net loss sustained by the Venture during such tax year shall be ascertained and credited or charged, as the case may be, in the books of account of the Venture in the proportions hereinabove specified. (d) From time to time, but no less than annually, the Venture shall make distributions from the capital of the Venture which shall be in excess of the reasonable needs of the Venture for working capital and reserves as mutually determined by the Partners in accordance with Clause 15(a), provided, however, that so long as any Partner has any indebtedness or other outstanding obligations to the Venture, any distribution that would be otherwise be made shall first be applied toward any such indebtedness or other obligation. (e) All funds of the Venture shall be deposited in an account or accounts in the name of the Venture at such bank or banks as may from time to time be selected by the Venture. All withdrawals from any such accou...
Sample 1
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Books Records and Bank Accounts. (a) The minute books of the Company and each of its Subsidiaries, as previously made available to Delta and Purchaser and its representatives, contain complete and accurate records of all meetings of and corporate actions or written consents by the shareholders, Board of Directors, and committees of the Board of Directors of the Company and its Subsidiaries from January 1, 1990 through the date of such minutes. (b) The minute books and stock ledgers of each of the Company and each of its Subsidiaries that have been made available to Delta and Purchaser constitute all of the minute books and stock ledgers of such companies from July 1994 through the Closing Date. (c) Each of the Company and its Subsidiaries makes and keeps financial books, records and accounts which, in reasonable detail and in all material respects, are complete and fairly reflect its transactions and dispositions of its assets and securities and maintains a system of internal accounting controls sufficient to provide assurances that: (i) transactions involving any of the Company or its Subsidiaries are executed in accordance with management's general or specific authorizations; (ii) transactions are recorded as necessary (A) to permit the preparation of financial statements for the Company and its Subsidiaries in conformity with U.S. GAAP or any other criteria applicable to such statements, and (B) to maintain accountability for assets; (iii) access to the assets of the Company and its Subsidiaries is permitted only in accordance with management's general or specific authorizations; and (iv) the recorded accountability for assets is compared with existing complete and accurate assets at reasonable intervals and appropriate action is taken with respect to any differences. A complete and accurate list of all bank accounts of the Company and the signatories thereto, is set forth on SCHEDULE 4.30.
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Books Records and Bank Accounts. MONT and SSL5 agree as follows: a) At all times during the term hereof, NewCo and SSL5 shall each keep or cause to be kept, at their principal place of business or at such other place as NewCo and SSL5 respectively may determine, books and accounting records for the business and operations of NewCo and SSL5. Such books shall be open to inspection by NewCo or SSL5, or their authorized representatives, during reasonable working hours upon Fifteen (15) days advance written notice. The accounting for NewCo purposes, including the determination of "net profits" and "net losses" shall be in accordance with generally accepted accounting principles consistently applied. b) There shall be maintained for NewCo and SSL5 a detailed revenue share accounting. c) NewCo shall be on a calendar year basis for accounting purposes (the "tax year"). As soon after the close of each tax year as is reasonably practical, a full and accurate accounting shall be made of the affairs of NewCo as of the close of each tax year.
Sample 1
Books Records and Bank Accounts 
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Related to Books Records and Bank Accounts

  • Books, Records and Accounts Custodian acknowledges that all the records it shall prepare and maintain pursuant to this Agreement shall be the property of Fund and that upon request of Fund it shall make Fund's records available to it, along with such other information and data as are reasonably requested by Fund, for inspection, audit or copying, or turn said records over to Fund. Custodian shall, within a reasonable time, render to Fund as of the close of business on each day, a detailed statement of the amounts received or paid and of securities received or delivered for the account of Fund during said day. Custodian shall, from time to time, upon request by Fund, render a detailed statement of the securities and monies held for Fund under this Agreement, and Custodian shall maintain such books and records as are necessary to enable it do so and shall permit such persons as are authorized by Fund, including Fund's independent public accountants, to examine such records or to confirm the contents of such records; and, if demanded, shall permit federal and state regulatory agencies to examine said securities, books and records. Upon the written instructions of Fund or as demanded by federal or state regulatory agencies, Custodian shall instruct any sub- custodian to permit such persons as are authorized by Fund to examine the books, records and securities held by such sub-custodian which relate to Fund.

  • Books Records Reports and Bank Accounts 8.1 Maintenance of Books 45 8.2 Reports 46 8.3 Information Rights 46 8.4 Bank Accounts 46 8.5 Fiscal Year 46

  • Books Records and Accounting The General Partner shall keep or cause to be kept at the registered office of the Partnership appropriate books and records with respect to the Partnership’s activities and affairs. Any books and records maintained by or on behalf of the Partnership in the regular course of its activities and undertakings, including the record of the Record Holders, books of account and records of Partnership proceedings, may be kept on information storage devices, provided, that the books and records so maintained are convertible into clearly legible written form within a reasonable period of time. The books of the Partnership shall be maintained, for financial reporting purposes, on an accrual basis in accordance with IFRS-IASB. In accordance with Bermuda Law, the records of account and registers will be kept available for inspection by any Limited Partner or its duly authorized representatives during regular business hours at the registered office of the Partnership. Limited Partners shall not have access to any information of the Partnership contained in its books and records which the General Partner is required by legal or contractual restriction to keep confidential or which, in the opinion of the General Partner, acting reasonably, should be kept confidential in the interests of the Partnership or may be kept confidential as provided in this Agreement, and each Limited Partner hereby waives any right to greater access to the books and records of the Partnership than is permitted herein, to the greatest extent permitted by Law.

  • Records and Accounts The Trustee shall maintain accurate and detailed records and accounts of all transactions of the Trust, which shall be available at all reasonable times for inspection by any legally entitled person or entity to the extent required by applicable law, or any other person determined by the Committee.

  • Offices, Records and Books of Account, Etc The Seller (i) shall keep its records concerning the Pool Receivables at the address of the Seller or the address of Vistra set forth on Schedule V and keep its “location” (as defined in the UCC) in the State set forth in Section 1(i) of Exhibit III or, upon at least 30 days’ prior written notice of a proposed change to the Administrator, at any other locations in jurisdictions where all actions reasonably requested by the Administrator to protect and perfect the ownership and security interest of the Administrator, the Purchaser Agents or the Purchasers in the Pool Receivables and related items (including the other Pool Assets) have been taken and completed; and (ii) shall provide the Administrator with at least 30 days’ prior written notice of any change in the Seller’s name, organizational structure or jurisdiction of organization and prior to the effectiveness of any such change the Seller shall take all such actions reasonably requested by the Administrator to protect and perfect the interest of the Purchaser Groups in the Pool Receivables and related items (including the other Pool Assets); each notice to the Administrator pursuant to this sentence shall set forth the applicable change and the effective date thereof. The Seller shall maintain and implement (or cause the Servicer to maintain and implement) administrative and operating procedures (including an ability to recreate records evidencing Pool Receivables and related Contracts in the event of the destruction of the originals thereof), and keep and maintain (or cause the Servicer to keep and maintain) all documents, books, records, computer tapes and disks and other information necessary for the collection of all Pool Receivables (including records adequate to permit the daily identification of each Pool Receivable and all Collections of and adjustments to each existing Pool Receivable).

  • Documents, Records and Funds in Possession of the Master Servicer To Be Held for Trustee.

  • Books Records and Reports The Contractor shall establish and maintain accounts and other books and records 7 pertaining to administration of the terms and conditions of this Settlement Contract, including: 8 the Contractor's financial transactions, water supply data, and Project land and right-of-way 9 agreements; the water users' land-use (crop census), land ownership, land-leasing and water use 10 data; and other matters that the Contracting Officer may require. Reports thereon shall be 11 furnished to the Contracting Officer in such form and on such date or dates as the Contracting 12 Officer may require. Subject to applicable Federal laws and regulations, each party to this 13 Settlement Contract shall have the right during office hours to examine and make copies of each 14 other’s books and official records relating to matters covered by this Settlement Contract.

  • Books and Records; Audits (i) Contractor shall maintain complete and accurate accounting records, and shall retain such records for a period of three (3) years following the date of the invoice to which they relate. (ii) Company (and its duly authorized representatives) shall be entitled to (a) audit such books and records as they relate to the Services performed hereunder, upon reasonable notice to Contractor and during normal business hours, and (b) make copies and summaries of such books and records for its use. If Company discovers an overpayment in the amounts paid by Company to Contractor for any period under audit (an “Audit Overpayment”), Contractor shall promptly pay such Audit Overpayment to Company. In the event that any such Audit Overpayment shall be in excess of five percent (5%) of the aggregate payments made by Company in respect of the applicable period under audit, Contractor shall also reimburse Company for all reasonable costs and expenses incurred by Company in connection with such audit and the collection of the Audit Overpayment. If any such Audit Overpayment shall be in excess of ten percent (10%) of the aggregate payments made by Company in respect of the applicable period under audit, Company shall have the right to re-audit, at Contractor’s expense, Contractor’s books and records for any and all past years (since the commencement of this Agreement). (iii) In the event Contractor determines that it has any inquiries, problems or believes there are errors or discrepancies with respect to any amounts due pursuant to this Agreement, Contractor agrees to give Company written notice thereof within ninety (90) days from the date that the work which gave rise to the inquiry, problem and/or discrepancy, etc. was performed. Contractor’s failure to give Company such notice shall constitute a waiver of any and all rights which Contractor may have to any adjustment, charge or reimbursement by reason thereof.

  • Books Records Accounting and Reports Section 8.1 Records and Accounting 60 Section 8.2 Fiscal Year 60 Section 8.3 Reports 60

  • Records and Books of Account The records and books of account of the Company reflect all material items of income and expense and all material assets, liabilities and accruals, have been, and to the Closing Date will be, regularly kept and maintained in conformity with GAAP applied on a consistent basis with preceding years.

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