CONTROL OF EXPENDITURES Sample Clauses

CONTROL OF EXPENDITURES. The Contractor shall maintain adequate accounting records for the project, separate and apart from records kept for its usual operation and other contracts/grants. The Contractor shall make its records available at its office, at all reasonable times during the term of this project, for inspection, audit or reproduction by an authorized representative of the Secretary of Labor and Industry or the Auditor General. Invoices for all equipment and other expenditures must be retained and are subject to audit. If non-project items are noted on the same invoice, items that are project-related must be identified. When this project terminates, the records relating to this project shall be retained and available for a period of six (7) years. If any litigation, claim, or audit is started before the expiration of the 7-year period, the records must be retained until all litigation, claims, or audit findings involving the records have been resolved and final action taken. Monies received by the Contractor from OVR must be immediately deposited into a separate interest-bearing account, through which the movement of project funds may be readily traced. Checks used in project-related transactions must be clearly imprinted with or otherwise show the indelible notation of the specific OVR I&E Project (as titled in Appendix A) – 2016 and refer to the dedicated cost center. All transactions must have supporting documentation in the project file and must be related to the project purposes. Funds may not be commingled. If funds are commingled, the total monies paid under this Funds Commitment must be returned to OVR upon demand. Commingle means depositing or recording funds in a general account without the ability to identify each specific source of funds for any expenditure. The funds from each funding source must be identifiable with a clear audit trail for each source. As expenditures occur it is appropriate for those funds to be consolidated for carrying out a common purpose. Project funds may be used only for the purposes of this project. Temporary transfers such as payment of debts and/or purchase of non-project items with project funds may not be made from the project funds. If funds are improperly transferred, the total monies paid under this project must be returned to OVR upon demand.
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CONTROL OF EXPENDITURES. Grantee shall maintain adequate accounting records for this grant, separate and apart from records kept for its usual operation and other contracts/grants, to assure reconciliation of all project costs. Grantee shall make its records available at its office, at all reasonable times during the term of this grant, for inspection, audit or reproduction by an authorized representative of the Secretary of Labor & Industry or the Auditor General. Invoices for all equipment and other expenditures must be retained and are subject to audit. If non-grant items are noted on the same invoice, items that are grant-related must be identified. If this grant is terminated, the records relating to this grant shall be retained and available for a period of three years from the date of any final settlement.
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CONTROL OF EXPENDITURES he Grantee shall maintain adequate accounting records for this grant, separate and apart from records kept for its usual operation and other contracts/grants, to assure reconciliation of all project costs. The Grantee shall make its records available at its office, at all reasonable times during the term of this grant, for inspection, audit or reproduction by an authorized representative of the Secretary of Labor and Industry or the Auditor General. Invoices for all equipment and other expenditures must be retained and are subject to audit. If non-grant items are noted on the same invoice, items that are grant-related must be identified. If this grant is terminated, the records relating to this grant shall be retained and available for a period of six (6) years from the date of any final settlement. Monies received by the Grantee from OVR must be immediately deposited into a separate interest-bearing checking or savings account, or assigned to a dedicated cost center through which the movement of grant funds may be readily traced. Earned interest and program income may be used to support Project operations with approval from OVR.
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CONTROL OF EXPENDITURES. From and after December 1, 1998, Optics shall not incur any obligations or pay any expenditures in any manner other than in accordance with the terms under which they are due, without the prior consent of Applied or Xxxxx Xxxxxxx.
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Related to CONTROL OF EXPENDITURES

  • Allocation of Expenses The provisions of this Section shall not affect any agreement that the Company and the Selling Shareholders may make for the sharing of such costs and expenses.

  • Payment of Expenses The Company hereby agrees to pay, to the extent not paid at Closing, all Company expenses incidental to the performance of the obligations of the Company under this Agreement, including but not limited to (i) the Company’s legal and accounting fees and disbursements, (ii) the preparation, printing, filing, mailing and delivery (including the payment of postage with respect to such mailing) of the Registration Statement, the Preliminary Sale Prospectus and the Prospectus, including any pre or post effective amendments or supplements thereto, and the printing and mailing of this Agreement and related documents, including the cost of all copies thereof and any amendments thereof or supplements thereto supplied to the Underwriters in quantities as may be required by the Underwriters, (iii) fees incurred in connection with conducting background checks of the Company’s management team, up to a maximum of $2,000 per principal or $20,000 in the aggregate, (iv) the preparation, printing, engraving, issuance and delivery of the Units, the Common Stock and the Warrants included in the Units, including any transfer or other taxes payable thereon, (v) filing fees incurred in registering the Offering with FINRA and the reasonable fees of counsel to the Representative not to exceed $15,000 in connection therewith, (vi) fees, costs and expenses incurred in listing the Securities on Nasdaq or such other stock exchanges as the Company and the Representative together determine, (vii) all fees and disbursements of the transfer and warrant agent, (viii) all of the Company’s expenses associated with “due diligence” and “road show” meetings arranged by the Representative and any presentations made available by way of a netroadshow, including without limitation trips for the Company’s management to meet with prospective investors, all travel, food and lodging expenses associated with such trips incurred by the Company or such management; (ix) $100,000 to Odeon for its services and expenses as the QIU; and (x) all other costs and expenses customarily borne by an issuer incidental to the performance of its obligations hereunder which are not otherwise specifically provided for in this Section 3.10. If the Offering is consummated, the Representative may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the expenses set forth above (which shall be mutually agreed upon between the Company and the Representative prior to Closing) to be paid by the Company to the Representative and others. If the Offering is not consummated for any reason (other than a breach by the Representative of any of its obligations hereunder), then the Company shall reimburse the Representative in full for its out-of-pocket accountable expenses actually incurred through such date, including, without limitation, reasonable fees and disbursements of counsel to the Representative.

  • Payment of Expenses, etc The Borrowers jointly and severally agree to: (i) pay all reasonable out-of-pocket costs and expenses (1) of the Administrative Agent in connection with the negotiation, syndication, preparation, execution and delivery of the Credit Documents and the documents and instruments referred to therein and any amendment, waiver or consent relating thereto (including, without limitation, the reasonable fees and disbursements of White & Case LLP) and (2) of the Agents and each of the Lenders in connection with the enforcement of the Credit Documents and the documents and instruments referred to therein (including, without limitation, the reasonable fees and disbursements of counsel for each Agent and for each of the Lenders); (ii) pay and hold each of the Agents and Lenders harmless from and against any and all present and future stamp, VAT and other similar taxes with respect to the foregoing matters and/or fees and save each of the Lenders harmless from and against any and all liabilities with respect to or resulting from any delay or omission (other than to the extent attributable to such Lender) to pay such taxes; and (iii) indemnify each Lender (including in its capacity as an Agent), its officers, directors, employees, representatives and agents from and hold each of them harmless against any and all losses, liabilities, claims, damages or expenses incurred by any of them as a result of, or arising out of, or in any way related to, or by reason of, an investigation, litigation or other proceeding (whether or not an Agent or any Lender is a party thereto and whether or not any such investigation, litigation or other proceeding is between or among an Agent, any Lender, or any third Person or otherwise) related to the entering into and/or performance of any Credit Document or the use of the proceeds of any Loans hereunder or the consummation of any transactions contemplated in any Credit Document, and in each case, including, without limitation, the reasonable fees and disbursements of counsel incurred in connection with any such investigation, litigation or other proceeding (but excluding any such losses, liabilities, claims, damages or expenses to the extent incurred by reason of the gross negligence or willful misconduct of the Person to be indemnified).

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