Certified Accounts Clause Samples
Certified Accounts. During the subsistence of this Agreement, the Concessionaire shall maintain all documents and supporting evidences for its financial statements including agreements and documents with respect to all capital and debt raised by the Concessionaire, capital and revenue expenses towards the Project, ship/vessel/user wise information, and, as relevant, the details of cargo handled by category, tariffs charged and the amount of rates received. The Concessionaire shall submit to the Concessioning Authority a financial statement of the Gross Revenue for every 6 (six) monthly period ending 30th September and 31st March every year, duly certified by its Statutory Auditors. The certificate must be furnished within 30 (thirty) Days of the end of each such period. The Concessioning Authority shall, at its own cost, have the option to appoint another firm of chartered accountants duly licensed to practice in India (the “Additional Auditor”) to conduct a special audit of the Gross Revenue and the financial statements, documents and supporting evidences thereto as may be mandated by the Concessioning Authority and report to the Concessioning Authority such information as may be desired by the Concessioning Authority for any period and the Gross Revenue (“Special Audit”). In the event that the Gross Revenue reported by the Additional Auditor is higher than that reported by the Statutory Auditor, the auditors shall meet to resolve such differences and if they are unable to resolve the same the Concessionaire shall pay Royalty on the Gross Revenue reported by the Additional Auditor. The Concessionaire shall also pay interest @ SBI PLR plus 2% (two percent) on the difference between the Royalty paid by the Concessionaire based on the Gross Revenue reported by the Statutory Auditor and that payable by the Concessionaire based on the Gross Revenue reported by the Additional Auditor for the intervening period between the payment of the Royalties as above. Further the Concessionaire shall reimburse all costs, charges and expenses related to the Special Audit. Without prejudice to the aforesaid, if the difference between the Gross Revenue reported by the Additional Auditor and that reported by the Statutory Auditor is higher than [5]% (five percent), the Concessioning Authority shall at its sole discretion have the right to require a Special Audit for the entire outstanding tenure of the Concession.
Certified Accounts. During the subsistence of this Agreement, the Concessionaire shall maintain all documents and supporting evidences for its financial statements including agreements and documents with respect to all capital and debt raised by the Concessionaire, capital and revenue expenses towards the Project, user wise information, and, as relevant, and the amount of revenue received. The Concessionaire shall submit to the Concessioning Authority a financial statement including revenue generated due to commercial activities in that specific quarter/ semi-annually handled for every 6 (six) monthly period ending 30th September and 31st March every year, duly certified by its Statutory Auditors. The certificate must be furnished within 30 (thirty) Days of the end of each such period. The Concessioning Authority shall, at its own cost, have the option to appoint another firm of chartered accountants duly licensed to practice in India (the “Additional Auditor”) to conduct a special audit the revenue generation from the project and the financial statements, documents and supporting evidences thereto as may be mandated by the Concessioning Authority and report to the Concessioning Authority such information as may be desired by the Concessioning Authority for any period and the number of cruise passenger handled (“Special Audit”).
Certified Accounts. During the subsistence of this Agreement, the Operator shall maintain all documents and supporting evidences for its financial statements including agreements and documents with respect to all capital and debt raised by the Operator, capital and revenue expenses towards the Project, user wise information, and, as relevant, and the amount of revenue received. The Operator shall submit to the Authority a financial statement including revenue generated due to commercial activities in that specific quarter/ semi-annually handled for every 6 (six) monthly period ending 30th September and 31st March every year, duly certified by its Statutory Auditors. The certificate must be furnished within 30 (thirty) Days of the end of each such period. The Authority shall, at its own cost, have the option to appoint another firm of chartered accountants duly licensed to practice in India (the “Additional Auditor”) to conduct a special audit the revenue generation from the project and the financial statements, documents and supporting evidences thereto as may be mandated by the Authority and report to the Authority such information as may be desired by the Authority for any period and the number of cruise passenger handled (“Special Audit”).
Certified Accounts i. During the subsistence of this Agreement, the Operator shall maintain all documents and supporting evidences for its financial statements including agreements and documents with respect to all capital expenditure and operational expenses towards the Project; tariffs charged and the amount of money received. The Operator shall submit to the Contracting Authority a financial statement including quantum of users for each facilities for every 6 (six) monthly period ending 30th September and 31st March every year, duly certified by its Statutory Auditors. The certificate must be furnished within 30 (thirty) Days of the end of each such period.
ii. The Contracting Authority may, at its own cost, appoint a firm of chartered accountants duly licensed to practice in India and empanelled by CAG (“Additional Auditor”) to conduct a special audit of the cargo throughput and the financial statements, documents and supporting evidences thereto as may be mandated by the Contracting Authority (“Special Audit”).
iii. In the event that the revenue generation reported by the Additional Auditor is higher than that reported by the Statutory Auditor, the auditors shall meet to resolve such differences and if they are unable to resolve the same, the Operator shall pay Revenue Share on the revenue generation reported by the Additional Auditor. The Operator shall also pay interest @ 8 % (eight percent) on the difference in revenue generation reported by the Statutory Auditor and the Additional Auditor. Further, the Operator shall reimburse all costs, charges and expenses related to Special Audit. Without prejudice to the aforesaid, if difference between revenue generation reported by the Additional Auditor and the Statutory Auditor is higher than 5% (five percent), the Contracting Authority shall have the right to require a Special Audit for the entire outstanding tenure of the Contract.
Certified Accounts. 6.5.1 During the subsistence of this Agreement, the Developer shall maintain all documents and supporting evidences for its financial statements including agreements and documents with respect to all capital and debt raised by the Developer, capital and revenue expenses towards the Project. The Developer shall submit to the Authority periodic reports on financial statement of the Gross Revenue duly certified by its Statutory Auditors as per the provisions of Clause 8.11.
Certified Accounts. If your Account is already certified, the Company reserves the right to ask you to confirm, by all means necessary, your first name, last name and date of birth and to indicate your country of residence, mobile telephone number (or landline number if necessary) and secret question and answer. Please note that all the information you provide as part of this Agreement must be accurate.
Certified Accounts. The term "Certified Account" shall mean an Account Receivable which has been listed in a Certificate delivered by the Borrower to the Bank pursuant to the provisions of Section 2 hereof.
Certified Accounts. The Customer must inform SCCB who the Signatories are for the Account and complete a mandate showing specimen signatures for the Signatories.