Books Records and Statements. Section 9.01.
Books Records and Statements. 12.01. Operator shall, on behalf of Owner, keep full and adequate books of ??? and other records reflecting the results of operation of the Hotel on an ??? basis, in US currency and in local currency, in accordance within the requirements of the laws of the Country and in accordance with the Uniform System with such exceptions as may be required by the provisions of this??? as are consistent with ITTSC's standard practice in accounting under management contracts generally so long as exceptions do not affect the determination of Gross Operating Profit.
Books Records and Statements. Operator shall, for the account of Owner, keep full and adequate books of account and other records reflecting the results of operation of the Hotel on an accrual basis, all in accordance with generally accepted accounting practices in the hotel-restaurant industry. To the extent Owner requires Operator to keep the books of account and other records of the Hotel operations in compliance with any other standard, such as in accordance with any loan documents evidencing a loan to Owner secured by the Hotel (the “Loan Documents”), Owner shall reimburse Operator for any additional reasonable expenses actually incurred by Operator in compliance thereof. Tax accounting and year end review and audit services will be the responsibility of the Owner. The books of account and all other records relating to or reflecting the operations will be available to Owner and its representatives at all reasonable times for examination, audit, inspection, and transcription. Operator shall provide to the Hotel and the Owner, solely with respect to the Hotel, centralized accounting and billing services as are furnished by Operator to other hotels owned and/or operated by the Operator to be consistent with the requirements of the Franchise Agreement. All of such books and records pertaining to the Hotel including, without limitation, books of accounts, guest records, and front office records at all times shall be the property of Owner, and Owner shall have the right to inspect, audit, examine and transcribe any of the same, upon providing a reasonable notice to the Operator. Upon any termination of this Agreement, all of such books and records shall thereafter be delivered to Owner and made available to Operator at all reasonable times for inspection, audit, examination, and transcription for a period of one (1) year. Operator shall deliver to Owner at or prior to the end of each month or other accounting period used by Operator in accounting for the operations of the Hotel (but not less than quarterly): (a) a profit and loss statement showing the operation of the Hotel for the immediately preceding month or other such accounting period and for the Fiscal Year to date; (b) a cash flow statement; (c) a balance sheet; (d) departmental schedules comparing actual to budgeted operating results; and (e) such other information as may be reasonably requested by Owner or required by Franchise Agreement. Such statements (a) shall be in the customary form and in the same detail as generally pr...
Books Records and Statements. 13.01. Operator shall, on behalf of Owner, keep full and adequate books of_____ and other records reflecting the results of operations of the Hotel on an normal basis, in US currency and in local currency, in accordance with the requirements of the laws of the Country and in accordance with the Uniform System ith such exceptions as may be required by the provisions of this Contract, provided, however, that Operator may make such exceptions in such revenues as are consistent with ITTCS's standard practice in accounting under management contracts generally so long as such exceptions do not affect the determination of Gross Operating Profit.
Books Records and Statements. 7.1 LICENSEE shall maintain for three (3) years following the close of each Contract Year accurate books and records that disclose, at a minimum, the following: the cost of sales of the Licensed Products, the amount of sales of the Licensed Products, the amount of credits for returns, trade discounts and customers’ shipping costs, the amount of all Royalties payable hereunder by LICENSEE and the manner in which such Royalties were determined.
Books Records and Statements. (a) The Manager shall, at the Owner’s expense, keep full and adequate books of account and other records reflecting the results of operations of the Hotels on an accrual basis. Manager shall provide to Owner daily reports, booking reports, payroll reports, accident reports, and all other records or reports of operations as and when produced. Such records shall show income and expenses in connection with the daily management, maintenance, use and operation of the Hotels, to the extent that any accounts payable, other obligations, cash, accounts receivable, and other assets pertaining to the management of the Hotels, can be identified and the proper amounts determined at all times. The Manager may make such modifications in its accounts as are consistent with the Manager’s standard practice in accounting for its operations. Manager shall deliver to Owner on a monthly basis a detailed statement of operating expenses. Owner shall transfer funds monthly from Owner’s Account to the Hotel Operating Account to pay for all proper operating expenses on a timely basis, unless otherwise paid by Owner.
Books Records and Statements. (a) Licensee shall maintain during the Term of this Agreement and for at least two (2) years following the termination hereof true and accurate books and records in which there shall be reflected all sales of the Xxxx branded Licensee Products.
Books Records and Statements. (a) GRANTEE shall maintain for three (3) years following the close of each License Year accurate books and DC 174881.1 02272 00307 5/23/00 3:15 PM -11- records which disclose: the amount of sales of the GOODS and the amount of sales, if any, which were made on a Close-Out or Off- Price basis; the amount of credits for returns and trade discounts; the amounts spent by GRANTEE in advertising the GOODS and the manner in which such sums were expended; and the amount of all royalties payable hereunder by GRANTEE and the manner in which such royalties were determined.
Books Records and Statements. Escrow Agent shall at all times during the term of this Agreement keep and maintain true, correct, complete and current books and records with respect to the Escrow Account, and all investments thereof, earnings thereon and disbursements therefrom. Escrow Agent shall provide monthly statements to Borrower and GTA showing the balance of the Escrow Account, the earnings thereof and the disposition of earnings.
Books Records and Statements. Manager agrees to keep adequate books and records in connection with all matters contemplated by this Agreement and/or required by any lease or law and to allow an authorized representative of Owner, at any reasonable time, to examine the same or any correspondence pertaining to transactions arising out of this Agreement. Throughout the continuation of this Agreement, Manager shall furnish Owner with the following statements concerning the operation of the Facilities at the times and in the manner specified:
