Books Records and Bank Accounts Sample Clauses

Books Records and Bank Accounts. 14.1 The Joint Venture shall at all times throughout its existence, keep or cause to be kept, at the principal place of business of the Joint Venture or at such other place as the Joint Venture may determine, books and accounting records for the business and operations of the Joint Venture. Such books shall be open to inspection by the Joint Venturers, or their authorized representatives, during reasonable working hours. The accounting for Joint Venture purposes, including the determination of the Joint Venture's net profits and net losses shall be in accordance with generally accepted accounting principles consistently applied. The Joint Venture shall engage the services of a Certified Public Accountant who shall be selected with the mutual approval of both Joint Venturers. 14.2 There shall be maintained for each Joint Venturer a capital account and an income account. Each Joint Ventures s distributive share of profits and losses, and monthly and end-of-year withdrawals not previously posted shall be credited or debited to the respective Joint Venturer's income account as of the close of the calendar year. Thereafter, any debit or credit balance remaining in the income account of a Joint Venturer shall be debited, or credited, as the case may be, to its respective capital account. 14.3 The Joint Venture shall be on a calendar year basis for accounting purposes (the Joint Venture's "Fiscal Year'). As soon after the close of each Fiscal Year as is reasonably practicable, a full and accurate accounting shall be made of the financial affairs of the Joint Venture as of the close of each such Fiscal Year. When such accounting and accounting statement is made and provided to the Joint Venturers, the net profit or the net loss sustained by the Joint Venture during such Fiscal Year shall be ascertained and credited or charged, as the case may be, in the books of account of the Joint Venture in the proportions hereinabove specified. 14.4 From time to time, but no less than annually, the Joint Venture shall make distributions from the capital of the Joint Venture which shall be in excess of the reasonable needs of the Joint Venture for working capital and reserves as mutually determined by the Joint Venturers in accordance with Section 21 herein, provided, however, that so long as any Joint Venturer has any indebtedness or other outstanding obligations to the Joint Venture, any distribution that would otherwise be made shall first be applied toward any such indebted...
Sample 1
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.
Sample 1Sample 2
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 
Sample 1Sample 2Sample 3See All (72)
Books Records and Bank Accounts 
Sample 1Sample 2Sample 3See All (70)

Related to Books Records and Bank Accounts

  • 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).

  • 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